|Headquarters||Shenzhen, Guangdong, China|
|Wang Chuanfu (Chairman)|
|Revenue||RMB22,551 million (2012)|
|Parent||BYD Company Limited|
|Subsidiaries||Shenzhen BYD Daimler New Technology (50%)
BYD Auto North America
|Slogan||Build Your Dreams|
BYD Auto Co., Ltd. is a Chinese automobile manufacturer based in Shenzhen, Guangdong Province, and a wholly owned subsidiary of BYD Company. It was founded in 2003, following BYD Company's acquisition of Tsinchuan Automobile Company in 2002. Its principal activity is the design, development, manufacture and sale of passenger cars and buses under the BYD brand. It also has a 50:50 joint venture with Daimler AG, Shenzhen BYD Daimler New Technology Co., Ltd., which is planned to develop and produce luxury electric cars sold under the Denza brand.
BYD Auto sold a total of 506,189 passenger cars in China in 2013, making it the tenth largest selling brand and the largest selling Chinese brand.
BYD Co Ltd created the wholly owned subsidiary BYD Auto a year after its 2002 acquisition of the Tsinchuan Automobile Company, which may have been made solely to acquire the passenger car production license held by the purchased company. While the Chinese state is credited with development of an indigenous auto industry, BYD Auto may have been created in the absence of a State policy explicitly supporting independently owned automobile manufacturers.
In 2008, BYD Auto began selling its first mass-produced, full hybrid vehicle, the BYD F3DM. China subsidizes oil (an incentive for the State to encourage use and manufacture of electric cars), and Chinese automakers see opportunities in less mature electric vehicles because Western companies have yet to develop much of a lead in the technology. In late December 2008, Warren Buffett spent $230 million on the acquisition of a 10% stake in BYD Auto's parent, BYD Company. In 2009, the company sold 448,400 cars in China, and two-thirds of sales were its BYD F3 model. In the same year, BYD began the export of its cars to Africa, South America, and the Middle East.
- BYD F0 - supermini
- BYD F3 - compact saloon
- BYD F3-R compact hatchback
- BYD G3 - compact saloon
- BYD G3-R - compact hatchback
- BYD F6 mid-size saloon
- BYD L3 (or New F3) - compact saloon
- BYD G6 - Mid-size car saloon
- BYD e6 - electric MPV
- BYD M6 - MPV
- BYD S6 - SUV
In 2010 the Chinese state halted construction of a third Xi'an production base. Building was allowed to resume in Spring, 2011. A production complex in Changsha, Hunan province, will soon become operational.
A joint venture with Daimler AG that will soon sell a single product under the Denza brand name, Shenzhen BYD Daimler New Technology Co is focused on EV development and upmarket sedans. In March 2011 the new company received a business license from the Chinese State and BYD, contractual agreement from its German partner.
As of 2010 BYD Auto had an estimated production capacity of 700,000 units per annum. In the same year, BYD Auto sold a total of 519,800 vehicles, making the company the sixth largest Chinese car-maker by units sold, in 2011 it failed to break into the top ten. The company returned to the rankings in 2012, however, garnering 9th place by producing over 600,000 vehicles.
While the majority of sales are domestic, some models are exported to other developing countries: BYD cars are sold in Bahrain by Fakhro Motors, distributed in the Dominican Republic by Peravia Motors (3,000 cars serve as taxis in the capital, Santo Domingo). BYDs are also offered in Ukraine and Moldova.
The company has also expressed a desire to enter the European and Israeli markets. BYD opened its North American headquarters in Los Angeles in 2011, and BYD planned to start selling an electric car, the e6, there in 2012, but this has been subsequently delayed. As of 2013 BYD Auto sells the e6 and Electric Bus in the United States as fleet vehicles only.
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"BYD backs away from 'dream'". Global Times. 2010-08-27.
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- Steitz, Christoph (Mar 24, 2012). "Daimler to present electric car for China-magazine". reuters.com. Thompson Reuters. Retrieved November 23, 2012.
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- "BYD models to appear in Bahrain". Global Times. 2010-12-08.
- "Peravia Motors presenta al mercado dominicano nueva marca de vehículos BYD" (in Spanish). El Nuevo Diario. 2010-02-11.
- "Dominican capital turns Chinese yellow, with taxis". DominicanToday.com. 2010-02-05.
- "China's automaker BYD launches its brand in Ukraine". Xinhua. 2011-10-26.
- "Auto Centru Elita 5, BYD dealer in Chisinau, Moldova".
- "BYD Opens U.S. Headquarters In Los Angeles". Edmunds. 25 October 2011. Retrieved 7 March 2013.
- Chang-Ran Kim (2011-01-11). "BYD sees mass U.S. entry in first quarter of 2012 with e6". Reuters.
|Wikimedia Commons has media related to BYD vehicles.|
- BYD Auto's official site
- BYD Auto's official site (Chinese)
- BYD Auto Co., Ltd. - Invest in Longgang, Shenzhen