BYD Motors Inc.

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.

Company Snapshot

$22,383.9M

Revenue

288,200

Employees

1862

Founded

China

Headquarters

SWOT Analysis

Strengths

Capable of developing, designing, and producing batteries on its own and is technically superior
BYD has a price advantage as the vehicles are more cost effective in comparison to its competitors

Weaknesses

Exposed to poor distribution and sales method with decline in dealer’s loyalty towards brand

Opportunities

Economy and the sales markets are developing better than anticipated
Key market trends of autonomous driving, efficiency and electrification, digitalization and connectivity, and individualization

Threats

Stresses in the supply chains may increase certain procurement and logistical risks
Non-compliance of products in the context of product safety and new regulations

Product Offering

BYD Motors Inc.
- Light Commercial Vehicle
- Light Commercial Vehicle

Financial Performance

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