The acquisition may have been made solely to acquire the passenger car production license held by the purchased company. History BYD Dolphin The BYD stand at the 2009 Central China High-Tech Fair in ShenzhenīYD Co Ltd founded the wholly-owned subsidiary BYD Auto in 2003, after acquiring the Qinchuan Machinery Works from Norinco in 2002 and raising HK$1.6 billion on the Hong Kong Stock Exchange. The company has an electric battery division, FinDreams Battery, which is the world's third largest producer of electric vehicle batteries with a global market share of 12% in the first half of 2022, and a focus mainly on lithium iron phosphate batteries. The company has mainly based its sales in Mainland China but is undertaking rapid expansion into the global market, with sales hitting over 100,000 per month in March 2022, and was expecting to sell between 1.5 million to 2 million plug-in EVs in 2022, around 3 to 4 times the volume compared to 2021. Īs of 2021, BYD was the fourth largest plug-in electric vehicle company and fourth largest BEV company in the world, with 9.1% and 7% global market share respectively in 2021. Later in 2022, it became the first carmaker in the world to reach a million sold NEVs (BEVs and PHEVs), a term used in the Chinese market to describe most plug-in electric vehicles. īYD Auto overtook Tesla in June 2022 as the world's largest electric vehicle manufacturer, announcing it had sold about 641,000 EV's (including PHEVS) in the first half of 2022, while still trailing Tesla in the number of BEVs sold. The current model range of automobiles includes battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), and the company also produced petrol engine vehicles up until March 2022. The company produces passenger cars, buses, trucks, electric bicycles, forklifts, and rechargeable batteries. It was founded in January 2003, following BYD Company's acquisition of Qinchuan Automobile Company in 2002.

('Build Your Dreams') is the automotive subsidiary of the publicly listed Chinese multinational manufacturer BYD Company, headquartered in Xi'an, Shaanxi Province, China. Mitsubishi Motors Co.Ltd (Wesing Motors)Įlectric BYD bus at a terminal in Landskrona, SwedenīYD Auto Co., Ltd.

Build your dreams in dragon city