On August 3rd 2022, BYD made the coveted Fortune Global 500 list for 2022, demonstrating its outstanding achievements in the global market. Focusing on solving social problems, BYD remains dedicated to leveraging effective solutions for sustainable development.
After years of progress, BYD has grown into a high-tech enterprise with its business scope covering automobiles, rail transit, new energy, and electronics. In pursuit of a greener world, BYD becomes a Fortune Global 500 enterprise that furnishes new energy overall solutions.
What is the market growth rate of BYD?
Amidst the backdrop of the recent rapid growth of the automobile industry, BYD leverages its strengths to usher in advanced technology, high quality products, and broader markets.
Backed by its technologies, such as the Blade Battery, DM-i super hybrid technology, and the e-platform, BYD sold 730,093 passenger vehicles in 2021, including 593,745 new energy passenger vehicles, with a Year-over-Year increase of 231.6%. In China, BYD has cemented its status as the top seller of new energy passenger vehicles for nine consecutive years.
In the first half of 2022, BYD sold 638,157 new energy passenger vehicles, up 324.8% YoY. BYD has its sights set far beyond China. In the process of expanding the global footprint, BYD always embraces technological revolution and industrial transformation around the world.
Why is BYD a unique market offering?
By incorporating global wisdom and sharing green technological innovations with consumers, BYD is on the path to be internationally competitive. Currently, BYD’s new energy vehicle footprint extends to over 400 cities and across 70 countries and regions on 6 continents.
On July 21, BYD announced its official entry into the passenger vehicle market in Japan, marking a new chapter in the globalization of BYD passenger vehicles. Since March 2022, BYD has ceased the production of cars powered only by internal combustion engines.
Its shift to only producing battery electric vehicles and plug-in hybrid electric vehicles epitomizes the low-carbon transformation in the transportation industry. At present, carbon emission reduction and new energy development are the peak global consensuses.
BYD is committed to providing new energy solutions worldwide. Exceeding its prestigious Global 500 status, BYD will continue to create tech innovations for a better life, promote sustainable development of society, and implement its Cool the Earth by 1℃ initiative.