BYD Motors Inc. Overview
Company Headquarters: China
Founded: 1862
Workforce: ~ 288,200
Company Working: BYD Motors Inc. (BYD) is a pioneer leader that operates in the automobile business. The company is engaged in designing, manufacturing, and offering fuel-engine vehicles, hybrid vehicles, battery-electric vehicles, rechargeable batteries, forklifts, energy storage systems, and solar power generation products, globally. It also manufactures and offers services for applications in tablets, electronic handsets, notebook computers, and other consumer electronic products. The company operates through three main business segments, which are rechargeable batteries & photovoltaic products, mobile handset components & assembly service, and automobiles & related products. It offers products for various end-use industries, including automotive, electronics, energy, and rail transit. The company also provides zero-emission energy solutions. Furthermore, the company offers commercial vehicles for applications in construction, sanitation, warehousing, airport, ports, and mining operations.
Currently, BYD Motors Inc. has operations in more than 50 countries and has offices and service centers across the US, Brazil, Chile, Peru, the UK, Malaysia, South Korea, Japan, and Australia. The company has operations in the Americas, Europe, and Asia-Pacific. BYD Auto Co., Ltd., BYD Auto Industry Co., Ltd., BYD Auto Sales Co., Ltd., BYD Motors Inc., and Changsha BYD Auto Co., Ltd. are some of its subsidiaries.
Strategy
BYD Motors Inc. strategizes to introduce technical innovation such as intelligent networking solutions and intelligent driving in automotive to strengthen its market position in the automotive industry worldwide. The company focuses on its “7+4” strategy, in which it focuses on the development of special-purpose vehicles and new energy vehicles. Moreover, it also focuses on providing the best-in-class electric vehicles to its customers and partners. The company also aims to offer advanced products in the field of batteries and solar power products to meet the market demands.
