Demonstrating its outstanding achievements in the global market, BYD made it to the Fortune Global 500 list for 2022. Focused on solving social problems, the company 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, the company became a Fortune Global 500 enterprise that comes up with new energy solutions.
Amidst the backdrop of the recent rapid growth of the automobile industry, BYD leveraged its strength to usher in advanced technology, high quality products and in broadening its market foray. Backed by its technologies, such as the blade battery, DM-i super hybrid technology and the e-platform, the company sold 730,093 passenger vehicles in 2021. This includes 593,745 new energy passenger vehicles, with a year-on-year (YoY) increase of 231.6 per cent.
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, it has sold 638,157 new energy passenger vehicles, up 324.8 per cent YoY growth. Setting its sights far beyond China, it is in the process of expanding its global footprint. The company has embraced technological revolution and industrial transformation around the world. By incorporating global wisdom and sharing green technological innovations with consumers, the company 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 six continents. This July, it announced its official entry into the passenger vehicle market in Japan, marking a new chapter in the globalization of its 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 global consensuses.
Exceeding its prestigious Global 500 status, BYD will continue to create technological innovations for a better life, promote sustainable development of society, and implement its ‘Cool the Earth by 1 degree Celsius’ initiative.
