BYD Made the Fortune Global 500 List for 2022

Rhea-AI Summary

On August 3rd, BYD was included in the Fortune Global 500 list for 2022, highlighting its success in the market. The company, focusing on sustainable solutions, has evolved into a high-tech enterprise with diverse operations in automobiles, new energy, and electronics. In 2021, BYD sold 730,093 passenger vehicles, including 593,745 new energy vehicles, marking a year-on-year increase of 231.6%. The company's new energy vehicle sales surged by 324.8% in H1 2022. BYD has fully transitioned to producing battery electric vehicles and plug-in hybrids, reinforcing its commitment to a low-carbon future.

Positive

• Included in Fortune Global 500 list for 2022.
• Sold 730,093 passenger vehicles in 2021, with a YoY growth of 231.6%.
• New energy vehicle sales increased by 324.8% in H1 2022.
• Transitioned fully to battery electric vehicles and plug-in hybrids.

Negative

• None.

SHENZHEN, China--(BUSINESS WIRE)-- On August 3rd, BYD made the Fortune Global 500 list for 2022, demonstrating its outstanding achievements in the market.

BYD made the Fortune Global 500 list for 2022 (Photo: Business Wire)

Focusing on solving social problems, BYD remains dedicated to leveraging effective solutions for sustainable development. After years of progress, BYD has grown into a high-tech enterprise with its business scope covering automobiles, rail transit, new energy, and electronics. In pursuit of a greener world, BYD becomes a Fortune Global 500 enterprise that furnishes new energy overall solutions.

Amidst the backdrop of the recent rapid growth of the automobile industry, BYD leverages its strengths to usher in advanced technology, high quality products, and broader markets. Backed by its technologies, such as the Blade Battery, DM-i super hybrid technology, and the e-platform, BYD sold 730,093 passenger vehicles in 2021, including 593,745 new energy passenger vehicles, with a YoY increase of 231.6%. In China, BYD has cemented its status as the top seller of new energy passenger vehicles for nine consecutive years. In the first half of 2022, BYD sold 638,157 new energy passenger vehicles, up 324.8% YoY.

BYD has its sights set far beyond China. In the process of expanding the global footprint, BYD always embraces technological revolution and industrial transformation around the world. By incorporating global wisdom and sharing green technological innovations with consumers, BYD is on the path to be internationally competitive. Currently, BYD’s new energy vehicle footprint extends to over 400 cities and across 70 countries and regions on 6 continents. On July 21, BYD announced its official entry into the passenger vehicle market in Japan, marking a new chapter in the globalization of BYD passenger vehicles.

Since March 2022, BYD has ceased the production of cars powered only by internal combustion engines. Its shift to only producing battery electric vehicles and plug-in hybrid electric vehicles epitomizes the low-carbon transformation in the transportation industry.

At present, carbon emission reduction and new energy development are the global consensuses. As an international high-tech company, BYD is committed to providing new energy solutions worldwide. Exceeding its prestigious Global 500 status, BYD will continue to create technological innovations for a better life, promote sustainable development of society, and implement its Cool the Earth by 1℃ initiative.

About BYD

BYD (Build Your Dreams) is a multinational high-tech company devoted to leveraging technological innovations for a better life. BYD now has four industries including Auto, Electronics, New Energy, and Rail Transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and has become a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 70 countries and regions. Its creation of a Zero Emissions Energy Ecosystem, comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation, has made it an industry leader in the energy and transportation sectors. BYD is a Warren Buffet-backed company and is listed both on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220803005487/en/

Asia-Pacific: Mia Gu, mia.gu@byd.com tel: +86-755-8988-8888-69666

Europe: Penny Peng, PressEU@byd.com tel: +31-102070888

North America: Frank Girardot, frank.girardot@byd.com tel: +1 213 245 6503

Latin America: Sofίa Mardones, sofia.mardones@byd.com tel: +56 9 9821 6851

Brazil: Adalberto Maluf, adalberto.maluf@byd.com tel: +19 3514 2554

Africa: Nikki Li, li.namin@byd.com tel: +86-18938862670

Source: BYD

FAQ

What is BYDDY's position on the Fortune Global 500 list?

BYD was included in the Fortune Global 500 list for 2022.

How many vehicles did BYD sell in 2021?

BYD sold 730,093 passenger vehicles in 2021.

What was the year-on-year growth for BYD's new energy vehicle sales in 2021?

BYD's new energy vehicle sales saw a year-on-year increase of 231.6% in 2021.

What percentage increase did BYD achieve in new energy vehicle sales in the first half of 2022?

BYD's new energy vehicle sales increased by 324.8% in the first half of 2022.

What steps has BYD taken regarding its vehicle production strategy?

Since March 2022, BYD has ceased production of cars powered only by internal combustion engines.