|Headquarters||Xi'an, Shaanxi, China|
|Wang Chuanfu (Chairman)|
|Revenue||RMB22,551 million (2012)|
|Parent||BYD Company Limited|
|Subsidiaries||Shenzhen BYD Daimler New Technology (50%)
Shenzhen BYD Auto Co. Ltd.
Changsha BYD Auto Co. Ltd.
Shaoguan BYD Auto Co. Ltd.
BYD Auto Sales Co., Ltd.
BYD Auto Co., Ltd. is a Chinese automobile manufacturer based in Xi'an, Shaanxi 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 distribution of passenger cars and buses sold under the BYD brand. It also has a 50:50 joint venture with Daimler AG, Shenzhen BYD Daimler New Technology Co., Ltd., which develops and manufactures 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 Auto was the world's best selling manufacturer of highway legal light-duty plug-in electric vehicles in 2015, with over 60,000 plug-in hybrid and all-electric cars sold ahead of Luxgen.
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, plug-in 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.
Some of its first all-electric vehicles were offered via fleet sales to government buyers in China.
The BYD Qin plug-in hybrid, launched in the Chinese market in December 2013, ranked as the top selling plug-in electric car in China in 2014. The car also ranked seventh among the world's top 10 best selling plug-in cars in 2014, and continued to rank as the all-time top selling passenger NEV in China, with cumulative sales of 46,787 units by the end of December 2015. The BYD Qin was the world's second best selling plug-in hybrid car in 2015 and also ranked fifth in 2015 among the world's top selling plug-in electric cars.
BYD ended 2015 as the world's top selling manufacturer of highway legal light-duty plug-in electric vehicles, with 61,772 passenger vehicles sold. Accounting for heavy-duty vehicles, the total rises do 69,222 units.
Samsung Electronics invested $450 million in BYD in 2016.
- BYD Qin (plug-in hybrid)
- BYD Tang (plug-in hybrid mid-size SUV)
- F3DM plug-in hybrid compact saloon (the first mass produced plug-in hybrid automobile in the world)
- BYD F0 - supermini
- BYD F3 - compact saloon
- BYD F3-R compact hatchback
- BYD G3 - compact saloon
- BYD G3-R - compact hatchback
- BYD F5 Suri - compact saloon
- BYD F6 mid-size saloon
- BYD L3 (or New F3) - compact saloon
- BYD G6 - Mid-size car saloon
- BYD M6 - MPV
- BYD S6 - SUV
- BYD S7 - SUV
- BYD Song
- BYD Yuan
- BYD T3
- BYD F6DM (plug-in hybrid mid-size sedan)
- BYD Shang (plug-in hybrid Light commercial vehicle)
- BYD Song (plug-in hybrid compact SUV)
- BYD Yuan (plug-in hybrid mini SUV)
- BYD Han, electric sports car
- BYD C9 electric coach
Production bases include two production bases in Xi'an, an R&D center and production base in Shenzhen (the headquarters of parent BYD COMPANY LIMITED), production bases in Changsha and Shaoguan, and an R&D center and parts plant in Shanghai.
In Iraq the "scai" company (state-owned company) start producing some BYD models since 2009.
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, Iranian and Israeli markets. BYD opened its Iranian branch under the name Karmania in 2016. BYD also 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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- For China's oil subsidy, see Wei Gu (2008-06-04). "China's fuel subsidy costs the world". Reuters.
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- Chris Oliver (2008-10-09). "Warren Buffett looks to electric car in BYD stake". MarketWatch.
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- Jeff Cobb (2015-02-10). "Top-10 Global Best-Selling Plug-in Cars". HybridCars.com. Retrieved 2015-03-21. A total of 14,747 Qins were sold in China in 2014.
- Mat Gasnier (2014-01-14). "China December 2013: Focus on the all-new models". Best Selling Cars Blog. Retrieved 2014-01-16.
- Staff (2016-01-14). "Best-selling Sedan in 2015". China Auto Web. Retrieved 2016-01-17. A total of 31,898 Qins were sold in China in 2015.
- Cobb, Jeff (2016-01-12). "Tesla Model S Was World's Best-Selling Plug-in Car in 2015". HybridCars.com. Retrieved 2016-01-23. The Tesla Model S was the top selling plug-in electric car in 2015 (50,366), followed by the Nissan Leaf (about 43,000), the Mitsubishi Outlander P-HEV (about 39,000), the BYD Qin (31,898) and the BMW i3 (24,057).
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- John Voelcker (2016-01-15). "Who Sold The Most Plug-In Electric Cars In 2015? (It's Not Tesla Or Nissan)". Green Car Reports. Retrieved 2016-01-17.
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- "Samsung Electronics buys $450 million stake in Chinese electric car firm BYD". 2016-07-21. Retrieved 2016-07-21.
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- Snyder, John B. (2016-04-04). "BYD launches 2 new EVs, predicts sales will nearly triple". Autoblog.com. Retrieved 2016-04-09.
- "BYD F3DM Plug-in Hybrid Goes On Sale in China". Green Car Congress. 2008-12-15. Retrieved 2009-02-28.
- "BYD L3 going on sale in Laos". BYD Auto. 28 January 2013. Retrieved 7 March 2013.
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"MLR supervises BYD's illegal Xi'an project". Global Times. 2010-12-08.[permanent dead link]
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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. Archived from the original on 2012-03-22.
- "China's automaker BYD launches its brand in Ukraine". Xinhua. 2011-10-26.
- "Auto Centru Elita 5, BYD dealer in Chisinau, Moldova". Archived from the original on 2012-04-12.
- "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.
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