BYF Auto
Automotive In Xi'an, Shaanxi, China
About BYF Auto
BYD Auto Co., Ltd. is the automotive subsidiary of the publicly listed Chinese multinational manufacturing company BYD Co. Ltd., headquartered in Xi'an, Shaanxi province. It was founded in January 2003, following BYD's acquisition of Qinchuan Automobile Company in 2002. The company produces passenger cars, buses, trucks, electric bicycles, forklifts and electric vehicle batteries. BYD's current range of automobile models includes battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), and the company also produced petrol engine vehicles up until March 2022.
BYD Auto overtook Tesla in June 2022 as the world's largest electric vehicle manufacturer, announcing it had sold about 641,000 EV's (including PHEVS) in the first half of 2022, while still trailing Tesla in the number of BEVs sold. Later in 2022, it became the first carmaker in China to build one million new energy vehicles (NEVs) — a term used in China to describe plug-in electric vehicles (BEVs and PHEVs) and fuel cell electric vehicles (FCEVs) — in a single year. On August 11, 2023, BYD celebrated the historic milestone of 5 million NEVs sold in the company's history.
As of 2021, BYD was the fourth largest plug-in electric vehicle (PIEV) and the fourth largest BEV manufacturer in the world, with 9.1% and 7% global market share, respectively. By the second half of 2023, the company has become the largest PIEV and the second largest BEV manufacturer in the world, with 21.4% and 15% global market share, respectively. The company has mainly based its sales in Mainland China but is undertaking rapid expansion into global markets such as European Union, Southeast Asia and Latin America, with sales hitting over 100,000 per month in March 2022, and was expecting to sell between 1.5 million to 2 million plug-in EVs in 2022, around 3 to 4 times the volume compared to 2021. In 2023, BYD has set goals to reach 3 million sales by the end of the year.
BYD Auto has an electric battery division, FinDreams Battery, which is the world's third largest producer of electric vehicle batteries with a global market share of 12% in the first half of 2022, and a focus mainly on lithium iron phosphate batteries. In 2023, FinDreams established a joint venture with Huaihai Holding Group, a company best known for producing electric tricycles and electric scooters, intending to establish themselves as the world's largest supplier of sodium-ion batteries.
BYF Auto Features
BYD Auto is an EV producer with the world's highest degree of vertical integration. Industrial facilities consist of two manufacturing plants in Xi'an, an R&D center and manufacturing plant in Shenzhen (the headquarters of BYD Co Ltd), a manufacturing plant in Changsha, Hunan province, a manufacturing plant in Shaoguan, Guangdong province, and an R&D center and parts plant in Shanghai. Construction of a third manufacturing plant in Xi'an resumed in 2011, following the company being fined for illegal land use.
Manufacturing plants for electric buses opened in Dalian, Liaoning province in late 2014 and Lancaster, California in May 2013. A factory was inaugurated in Campinas, Brazil in 2015 for the production of electric buses. A bus plant was opened in 2019 in Newmarket, Ontario to handle orders in Canada. BYD also has a European electric bus assembly facility in Komárom, Hungary. On July 4, 2023, BYD announced they would invest $620 million in a new industrial complex in Camaçari, Brazil to produce electric cars after acquiring Ford's former plant in the region that was closed down in 2021.
BYF Auto Headquarters
Xi'an, Shaanxi, China
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Company Email: [email protected]