byd

BYD Auto Co., Ltd. ("Build Your Dreams") is the automotive subsidiary of the publicly listed Chinese multinational manufacturer BYD Company, headquartered in Xi'an, Shaanxi Province, China. It was founded in January 2003, following BYD Company's acquisition of Qinchuan Automobile Company in 2002. The company produces passenger cars, buses, trucks, electric bicycles, forklifts, and rechargeable batteries. The current model range of automobiles 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 sold BEVs. Later in 2022, it became the first carmaker in the world to reach a million sold NEVs (Battery and Gas-Battery Hybrid), a term used in the Chinese market to describe most electric vehicles.As of 2021, BYD was the fourth largest plug-in electric vehicle (BEV and PHEV) company and fourth largest BEV company in the world, with 9.1% and 7% global market share respectively in 2021. The company has mainly based its sales in Mainland China but is undertaking rapid expansion into the global market, 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.The company 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.

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