What Does BYD Stand For?
We’ve discovered 24 intriguing facts about BYD
As we eagerly anticipate the arrival of our 24-Plate vehicles in just a few weeks, we’ve put together 24 fascinating facts about BYD.
1. BYD is an acronym for “Build Your Dreams.”
Did you know that BYD stands for “Build Your Dreams”? This full name is prominently featured on the back of most of their vehicles, showcasing the company’s pride. However, it has sparked some controversy here in the UK.
In response to UK customers’ negative reactions to its aspirational messaging, BYD has opted to remove the slogan from certain models, such as the ATTO 3 and the SEAL. However, it remains on the entry-level Dolphin model. Interestingly, BYD’s founder revealed that the acronym initially didn’t stand for anything when it was first created.
2. For the past decade, BYD has been the top-selling electric vehicle manufacturer in China.
A key factor contributing to BYD’s success is its diverse portfolio of electric vehicles, which encompasses everything from compact cars to electric buses and trucks. This versatility allows BYD to cater to a wide array of consumer needs and industrial applications, reinforcing its leading position in the Chinese EV market.
A major factor in BYD’s success is its extensive portfolio of electric vehicles, ranging from compact cars to electric buses and trucks. This versatility allows BYD to address a wide spectrum of consumer needs and industrial applications, reinforcing its dominant position in the Chinese EV market.
3. In the last quarter of 2023, BYD sold more electric vehicles than Tesla.
4. In 2022, BYD ceased the sale of conventional fuel-powered vehicles.
This highlights BYD’s forward-thinking vision and demonstrates how an automotive company can effectively adapt to the evolving dynamics of the industry.
As the global emphasis on sustainability intensifies, BYD’s decision to discontinue the sale of conventional fuel-powered cars further cements its position as a significant player in the electric vehicle market.
5. BYD’s mission is to “Cool the Earth by 1 Degree Celsius.”
One exciting and ambitious aspect of BYD is its mission to cool the Earth by 1 degree Celsius. The idea behind this goal is that by promoting and investing in clean energy technologies—such as electric vehicles and renewable energy sources—BYD aims to contribute to the reduction of greenhouse gas emissions.
This commitment goes beyond simply manufacturing electric vehicles; BYD envisions a comprehensive strategy to combat climate change by integrating a variety of eco-friendly solutions into its business model.
6. Your tablet or smartphone is likely powered by BYD.
Many might not be aware that BYD is a substantial force in the electronics industry. The company originally started as a manufacturer of rechargeable batteries and accumulators for mobile phones.
Today, BYD produces components for a wide array of devices that are vital to our everyday lives, including tablets and smartphones. Interestingly, did you know that 50% of the components in an iPad are sourced from BYD?
7. BYD was established in 1995.
Founded in 1995, BYD initially specialized in battery manufacturing. Over the years, the company has expanded its operations and diversified its portfolio to include electric vehicles and renewable energy solutions.
8. BYD entered the automotive sector in 2003.
In 2003, BYD ventured into the automotive sector with the introduction of BYD Auto.
9. BYD also manufactures other modes of transportation.
Beyond electric cars, BYD manufactures a diverse range of all-electric vehicles, including buses, coaches, taxis, forklifts, sanitation vehicles, sky shuttle systems, and sky rail systems.
10. During the COVID-19 pandemic, BYD produced face masks.
At the onset of 2020, BYD promptly responded to the pandemic by announcing its initiative to produce face masks to alleviate global shortages. Since then, BYD’s masks have been distributed to more than 80 countries and regions. The company crafted blueprints in just three days, built mask-making machines within a week, and produced its first batch of masks in ten days. In an impressive span of 24 days, BYD established the world’s largest mask factory, capable of producing up to 100 million masks daily.
11. Most BYD parts are produced in-house.
By producing most of their car parts in-house, BYD has significantly lowered costs, allowing their models to be more affordable. For example, every component of the BYD Dolphin is manufactured internally, with the exception of the tires and windows.
12. In 2022, BYD sold approximately 1,860,000 new energy passenger vehicles around the world.
This accomplishment positions them as a prominent leader in the electric vehicle market.
13. BYD has significantly reduced carbon emissions.
As of April 19, 2022, BYD had successfully reduced approximately 10,756,330,036 kg of carbon emissions, equivalent to the impact of planting around 896,360,836 trees.
14. BYD was founded by Wang Chuanfu.
BYD was founded by Wang Chuanfu, a Chinese chemist. Born in 1966 in one of China’s poorest provinces, Chuanfu was orphaned as a teenager and raised by his older siblings. Despite these challenges, he persevered to attend college, where he excelled in battery technology.
15. BYD has three luxury sub-brands: YangWang, Denza, and Fangchenbao.
16. BYD is the official partner for UEFA Euro 2024.
BYD has been announced as the official partner for the UEFA European Championship 2024, underscoring its significant role in one of the world’s most prestigious football tournaments.
As the official partner, BYD will enjoy substantial global visibility through branding opportunities, advertising campaigns, and promotional events associated with Euro 2024. This collaboration is expected to enhance BYD’s international reputation and contribute to the growing global recognition of Chinese brands in the automotive industry.
17. BYD began as a rechargeable battery manufacturer.
18. S. billionaire investor Warren Buffett acquired a 10% stake in the company.
In 2008, Warren Buffett agreed to acquire a 10% stake in BYD Company Limited through his holding company, Berkshire Hathaway, and its subsidiary, MidAmerican. At that time, BYD founder Wang Chuanfu expressed his gratitude, saying, “We are extremely pleased and thankful that Berkshire Hathaway and MidAmerican will be our long-term investors and partners as we introduce our electric vehicles and other environmental initiatives to the global market.”
19. BYD operates in over 400 cities across 70 countries and six continents.
BYD’s presence in the new energy vehicle market has expanded significantly across the globe, growing from a modest team of just 20 employees to around 290,000.
20. The company is listed on both the Hong Kong Stock Exchange and the Shenzhen Stock Exchange.
21. BYD is the only company in the automotive sector that originated as a battery manufacturer.
22. One of BYD’s luxury car models in China is designed to float on water.
The BYD Yangwang U8 is a luxury SUV that distinguishes itself as a genuine all-terrain vehicle, even capable of floating on water. Currently available only in China, the Yangwang U8 is engineered to handle flash floods and extreme weather conditions. In the event of a flood, the SUV raises its suspension, shuts off the engine, switches its heating, ventilation, and air conditioning system to recirculation mode, and seals the windows, allowing it to remain afloat for up to 30 minutes.
23. BYD’s first electric cargo ship was launched at the beginning of 2024.
BYD’s inaugural chartered cargo ship, the Explorer No. 1, embarked on its journey to Europe in January 2024, carrying 7,000 cars. The ship began its voyage in Longkou, making stops in Yantai and Shenzhen—home to BYD’s headquarters—to load additional vehicles before continuing to Europe. Over the next two years, seven more cargo ships are expected to join BYD’s fleet, enhancing its logistics capabilities.
24. BYD’s batteries can be recycled and repurposed.
Battery recycling is a fundamental aspect of BYD’s business model. Contrary to the common concern that electric vehicle batteries are disposable, BYD sees its batteries—especially the innovative Blade Battery—as valuable resources. These batteries can be repurposed for renewable energy storage and integrated into manufacturing processes.
To enhance its recycling efforts, BYD has teamed up with Itochu, a lithium-ion recycling startup, to streamline the collection of used battery packs from its dealerships across China. This partnership underscores BYD’s commitment to sustainability and resource management in the electric vehicle industry.
If you’re in the market for BYD auto parts, Kylin EV Parts focuses on the integration of Tesla, VW, and BYD, as well as aftermarket modifications. As China’s premier B2B supplier, we offer a comprehensive service in integrating EV spare parts for numerous foreign sellers, both online and offline.
We extend a cordial invitation to collaborate with foreign dealers and explore OEM and ODM partnerships for our products. With our commitment to the most professional service, the highest quality products, and the most reasonable prices, we endeavor to provide unparalleled support.
