BYD Company

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BYD Co Ltd
比亚迪股份有限公司
Type Public (SEHK1211, SZSE: 002594)
Industry Rechargeable batteries and automobile manufacturing
Founded 1995
Headquarters Shenzhen, Guangdong, China
Area served China, Europe, America, and the Asia Pacific region.
Key people Founder, Chairman & CEO Wang Chuanfu(王传福)
Products Gasoline and electric cars, battery-powered bicycles, rechargeable batteries and handset components.
Employees 130,000 in 2008[1]
Website www.byd.com.cn

BYD Co Ltd (simplified Chinese: 比亚迪股份有限公司; traditional Chinese: 比亞迪股份有限公司; pinyin: Bǐyàdí Gǔfēn Yǒuxiàn Gōngsī) is a Chinese manufacturer of automobiles and rechargeable batteries[2] based in Shenzhen, Guangdong province.[3]

Hailed for its innovations,[4] BYD has grown to become a major manufacturer of rechargeable batteries, most notably mobile phone batteries.[5]

BYD topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies.[6]

Name[edit]

The name BYD is an acronym derived from the phrase "build your dreams".[7]

History[edit]

Founded in the February 1995[2] and listed on the Hong Kong Stock Exchange on July 31,[8] 2002,[9] BYD Co Ltd began as a rechargeable-battery factory competing in the Chinese market against Japanese imports.[5]

Early growth[edit]

BYD grew quickly; within ten years capturing more than half the world's mobile-phone battery market[10] and becoming the largest Chinese manufacturer (and in the top four worldwide) of all types of rechargeable batteries.[5] Replacing work done by machines with cheap, local labor lowered costs,[10] and the company began expanding beyond batteries, adding automobiles and mobile phone components.

Automobiles[edit]

A year after the 2002 acquisition of Tsinchuan Automobile Co Ltd, BYD Automobile Co Ltd was born.[8] One of many Chinese automakers, in 2010 it was the sixth largest in terms of sales volume.[11]

Seeking to utilize BYD battery production resources, in addition to gasoline-powered models BYD sells a full hybrid, the F3DM,[12] and hopes to sell all-electric vehicles in the future.[8]

Mobile phones[edit]

Mobile phone components were added to the BYD product line in the early 2000s. But this business, BYD Electronic, was spun off in 2007.[13]

Innovation[edit]

The company has been recognized for innovation; for example it has developed technologies that allow mobile phone batteries to be made at room temperature, rather than in expensive, heated dry rooms.[4]

In 2010, BusinessWeek ranked BYD the 8th most innovative company in the world, ahead of Ford, Volkswagen, and BMW,[14] and that same year saw Fast Company ranking BYD as the 16th most innovative.[15] Thus, BYD's automobile sector is the most innovative one in China. In 2008, the company applied for around 1,400 patent and utility model applications.[16]

Subsidiaries[edit]

The company has a number of subsidiaries, including BYD Auto. The following is an incomplete list.[1]

BYD (H.K.) Co Ltd[edit]

Trading in NiCd, NiMH and Li-ion batteries and related products,[1] it is a wholly owned subsidiary of BYD Co Ltd that in turn wholly owns Golden Link Worldwide Limited.[13]

Shenzhen BYD Electronic Parts Co Ltd[edit]

Production and sale of NiMH and NiCD batteries, hardware products, instruments and flexible printed circuit boards[1]

Shenzhen BYD Microelectronics Co Ltd[edit]

Established in 2002,[18] it is responsible for the design, production and sale of ICs for use in the mobile phone industry.[19] It is registered as a Sino-foreign joint venture.[1]

Shenzhen BYD Daimler New Technology Company[edit]

On May 27, 2010, BYD and Daimler AG signed an agreement on establishing a 50/50 joint venture developing electric cars in China.[20]

BYD Electronic Co Ltd[edit]

An investment holding company incorporated in the Cayman Islands[1]

BYD Electronic Hungary Kft[edit]

(“Hungary Electronic”) Originally Mirae Hungary Industrial Manufacturer Ltd, and responsible for the manufacture and sale of mobile handset components, BYD Electronic Hungary Kft was purchased from Mirae Industry Co Ltd on February 12, 2008.[1] Prior to the purchase, it manufactured handset housings for Nokia.[1]

Foshan Jinhui Hi-tech Optoelectronic Material Co Ltd[edit]

A joint venture with Foshan Plastic Group Co Ltd and BYD (H.K) Co Ltd,[21] it manufactures material ion exchange membranes.[1]

Production bases and facilities[edit]

BYD has many production bases, including three locations in Shenzhen[3] (one of which is on the self-titled 'BYD Road' (simplified Chinese: 比亚迪路; traditional Chinese: 比亞迪路; pinyin: Bǐyàdí Lù) in Pingshan New District, Longgang District, Shenzhen),[3] as well as sites in Huizhou,[3] Shanxi,[2] and Shanghai.[2]

Auto production bases include an automobile assembly line in Xi'an, a module manufacturing plant in Beijing, an R&D center and nascent automobile assembly line in Shenzhen, and an R&D center in Shanghai.[8]

US operations are limited to sales and marketing and can be found in Elk Grove Village, Illinois, and San Francisco, California.[5] BYD also acquired a site for a future North American headquarters in downtown Los Angeles, and is building a manufacturing plant in Lancaster, California, near Los Angeles.[22]

Legal disputes[edit]

BYD was unsuccessfully sued by Sony and Sanyo for patent infringement.[5] Foxconn has also brought a suit against the company for the same reason.[23]

In the media[edit]

See also[edit]

References[edit]

  1. ^ a b c d e f g h i j "BYD Co Ltd 2008 Annual Report" (PDF). Retrieved 2010-10-12. 
  2. ^ a b c d Company Profile BYD Official Site
  3. ^ a b c d BYD Co Ltd Company Brochure BYD Auto Official Site
  4. ^ a b break all the rules: A special report on innovation in emerging markets; The charms of frugal innovation economist.com, Apr 15th 2010
  5. ^ a b c d e Marc Gunther (13 April 2009). "Why Warren Buffett is investing in electric car company BYD". Fortune. Archived from the original on 27 April 2009. Retrieved 2 May 2009. 
  6. ^ "The Tech 100". BusinessWeek. Archived from the original on 24 May 2010. Retrieved 26 May 2010. 
  7. ^ A Small Showing, but With Big Dreams NICK BUNKLEY Published: January 12, 2009
  8. ^ a b c d Company Profile BYD Auto Official Site
  9. ^ to BYD Company Introduction, BYD Official Site
  10. ^ a b China, Inc. By Ted Fishman Google Books, page 215
  11. ^ China Car Market 101: Who Makes All Those 18 Million Cars? thetruthaboutcars.com, January 19, 2011
  12. ^ Technology Levels Playing Field in Race to Market Electric Car Wall Street Journal, A1, JANUARY 12, 2009
  13. ^ a b c d "00a.Cover 2-30049e" (PDF). Retrieved 2010-10-12. 
  14. ^ "The 50 Most Innovative Companies 2010". BusinessWeek. Archived from the original on 18 April 2010. Retrieved 17 April 2010. 
  15. ^ "The World's Most Innovative Companies 2010". Fast Company. Archived from the original on 19 April 2010. Retrieved 17 April 2010. 
  16. ^ http://www.chinese-champions.com/byd/
  17. ^ "Further Reorganisation Of The Be Group For The Proposed Spin-Off And Adjournment Of Egms In Respect Of The Proposed Spin-Off" (PDF). Retrieved 2010-10-12. 
  18. ^ BYD Acquires SinoMOS tradingmarkets.com Wed. October 08, 2008
  19. ^ BYD Said to Buy Wafer Assets tradingmarkets.com Wed. October 08, 2008
  20. ^ "BYD and Daimler in EV Joint Venture". ChinaAutoWeb.com. 
  21. ^ Foshan Plastic Group starts special cell production.(NEWSDESK: Cooperation)(Foshan Jinhui High-Tech Photoelectric Material Co. Ltd.) China Chemical Reporter, February 26, 2006
  22. ^ For Illinois location, see "Chinese Auto Maker BYD Locating its North American Headquarters Downtown on Figueroa". blogdowntown. 2010-04-30. Archived from the original on 4 May 2010. Retrieved 2010-05-01. 
  23. ^ a b Joanne Chiu and Alison Leung (29 September 2008). "Buffett's BYD endorsement sends shares soaring". Reuters. Retrieved 3 May 2009. 
  24. ^ Car Designer Sees China’s Wheels Electric-powered BYD Press Release, 2009-5-12

External links[edit]