The BYD Stand at the 2023 British Motor Show, Farnborough
BYD Auto Co., Ltd. (Trading as Build Your Dreams) is the automotive subsidiary of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks. BYD experienced a substantial surge in vehicle sales from 2020 to 2023. The company sold 3,024,417 vehicles globally in 2023, a seven-fold increase compared to the 2020 figure of 427,302 vehicles. The increase was partly attributed to the increasing popularity of new energy vehicles in China, which accounted for percent of vehicle sales in China in 2022, increasing from percent in 2020.[58][59] BYD surpassed Tesla as the world's largest plug-in electric vehicle manufacturer by selling 641,000 vehicles in the first half of 2022.[60] BYD ended the production of pure internal combustion engine vehicles in March 2022, redirecting its focus towards new energy vehicles. In September 2022, BYD became the first carmaker in China to build one million new energy vehicles in a single year.[61] On November 24, 2023, BYD became the first company in the world to produce its 6 millionth new energy vehicle.[62] By 2023, BYD continued to be the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer, following Tesla, with global market shares of percent and 15 percent, respectively. BYD also held a substantial 36 percent market share in the new energy vehicle segment in China as of September introduced its first vehicle equipped with the Blade battery, the BYD Han large sedan in early 2020. The Han went on sale in July 2020 with an option of plug-in hybrid electric (Han DM) and battery electric (Han EV) variants. The most equipped variant of the battery electric variant was claimed to be the fastest electric car in China,
Size: 4625px × 3229px
Location: Farnborough International Expo Centre, Farnborough,
Photo credit: © John Gaffen / Alamy / Afripics
License: Licensed
Model Released: No
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