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.
