Energy & PowerAug 10, 2026

BYD Co. Ltd

Company Profile Analysis

Book Demo Subscribe Now

Year Founded & Workforce

1994-12-31

221,000 Employees

Industry

Energy & Power

Services

BYD Co. Ltd Overview

Company Headquarters: Shenzhen, China

Founded: 1995

Workforce: ~ 221,000

Company Working: BYD Co. Ltd. Is engaged in the research, development, manufacture, and sale of rechargeable batteries and photovoltaic business. It operates its business through four segments, namely, rechargeable battery and other products, automobiles and related products, mobile handset components and assembly service, and corporate and others. The rechargeable battery and other products segment manufactures and sells lithium-ion and nickel batteries for mobile phones, electric tools, and other portable electronic instruments and new energy products. The mobile handset components and assembly service segment covers mobile handset components, such as housings, keypads, and the provision of assembly services. The automobiles and related products segment is comprised of the businesses of automobiles, auto-related molds and components, automobiles leasing, aftersales services, and its skyrail-related business.

Strategy

A strong R&D arm helps the company serve its customers with innovative products and generate higher revenue. The company strives to enhance its market presence and cost competitiveness by expanding its research and development capabilities and developing new energy vehicles. The company’s R&D focuses on enhancing its technology and product quality, expanding its product portfolio, and optimizing its product structure. Its R&D focuses on automobiles and accessories, li-ion batteries, light rail transit equipment, solar batteries and solar arrays in Mainland China. In FY2020, it spent CNY7,464.8 million on R&D as compared to CNY5,629.4 million in 2019, showing an increase of 32.6% YoY.

A wide client base enabled the company to build its brand equity and attract significant business, while improving its revenue. The company is one of the leading suppliers of rechargeable batteries, photovoltaic products, handset components and other electronic products. BYD capitalizes on the strength of its core technologies to develop innovative products for the international market. The company's major clients include Samsung and Dell, consumer electronics manufacturers; and Ecovacs and iRobot, leading global professional robot vacuum cleaner brands. Its major clients also include leading handset manufacturers such as Huawei, Apple, Samsung, Lenovo, vivo, Xiaomi and other intelligent mobile terminal leaders.

Company Snapshot

$15,087M

Revenue

221,000

Employees

1994-12-31

Founded

Shenzhen, China

Headquarters

SWOT Analysis

Strengths

Improvement in Business Performance
Focus on R&D Activities
Client Base

Weaknesses

High Cost Operations
Dependence on PRC

Opportunities

Market Outlook: Electric Vehicles
Growth Initiatives
Launch of New Products

Threats

Rapid Technological Changes
Stiff Competition
Emission Norms

Key Developments

Date	Approach	Development
Apr 25, 2023	Investment	On April 24, BYD announced that its Chilean subsidiary, BYD Chile SpA, has reached an agreement with Chilean governmental organization CORFO on lithium battery material production. The latter granted BYD Chile SpA the status of a qualified lithium producer. Before 2030, BYD will receive approximately 12,500 tons of battery-grade lithium carbonate supply quota at a preferential price each year. BYD will invest in the “BYD Chile Lithium Cathode Plant” project in Antofagasta, Chile with an annual planned capacity of 50,000 tons and a total investment of at least $290 million. The plant is expected to be put into operation before the end of 2025.
April 20, 2023	Investment	BYD's project in Chile is designed to produce 50,000 tons of lithium iron phosphate cathode material per year, with an estimated investment of at least $290 million
October 27, 2022	Expansion	Zhongke Electric, a new lithium battery cathode tycoon, announced that the company plans to invest in the construction of an integrated project with an annual output of 100000 tons of lithium battery cathode materials in Lanzhou New Area, Gansu Province. The investment in fixed assets of the project is about 2.5 billion yuan. The annual capacity of cathode materials is 100000 tons, and the construction period will not exceed 36 months. The above project will build an integrated production base for lithium battery cathode materials with an annual output of 100000 tons, which will be invested by a joint venture to be jointly established by Zhongke Xingcheng Technology, a wholly-owned subsidiary of Zhongke Electric, and Chongqing Ferdi, a wholly-owned subsidiary of BYD.
08-Jun-2022	Agreement	BYD to supply lithium-ion battery cathode material to Tesla. BYD announced in June that it would supply lithium-ion battery cathode material to Tesla. The deal is worth $1 billion and will see BYD supply Tesla with cathode material for its Model 3 and Model Y electric vehicles.

Product Offering

BYD Co. Ltd
- Battery Pack for Electric Vehicle

Financial Performance

A plan for every need

Forecast+

Get unlimited access to forecasts, charts, and company data across every research report on Wantstats.

USD200/mo

About the Author

Wantstats Research Team

Wantstats' research desk profiles BYD Co. Ltd as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

Powering the world's best teams.
From next-gen startups to established enterprises.

See our work in action

Start your data driven journey with us!

Book a Demo Now

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

BYD Co. Ltd

Company Headquarters: Shenzhen, China Founded: 1995 Workforce: ~ 221,000 Company Working: BYD Co. Ltd. Is engaged in the research, development, manufacture, and sale of rechargeable batteries and photovoltaic business. It operates its business through four segments, namely, rechargeable battery and other products, automobiles and related products, mobile handset components and assembly service, and corporate and others. The rechargeable battery and other products segment manufactures and sells lithium-ion and nickel batteries for mobile phones, electric tools, and other portable electronic instruments and new energy products. The mobile handset components and assembly service segment covers mobile handset components, such as housings, keypads, and the provision of assembly services. The automobiles and related products segment is comprised of the businesses of automobiles, auto-related molds and components, automobiles leasing, aftersales services, and its skyrail-related business.

Starting from

$4,950