10 Followers SHE:002594 - BYD Co Ltd BYD Co Ltd
Sector: Consumer Discretionary, Industry: Automobile Manufacturers
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CNY 208.38    -3.6 (-1.70%)

28 Mar 2024


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General

CEO: Mr. Chuan-Fu Wang

Headquarters: CN

Employees: 570,100

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Description

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China’s passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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