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.
|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 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.
As of 2015, BYD was in the process of opening its first passenger car factory in Brazil to focus on supplying electric vehicles for taxis and car-sharing schemes.
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 Auto has a wide range of small and medium-sized cars, including small compacts, people carriers, and small sedans. Hybrid electric vehicles and all-electric models are also among its products.
Non-Chinese auto part makers BYD is associated with include Autoliv and BorgWarner.
- BYD Flyer City car (2003–2008)
- BYD S8/F8 - coupe-convertible
- BYD e6 - electric MPV
- BYD e5 (all-electric car)
- BYD Qin EV300 (all-electric car)
- 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
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 2010, the Chinese state halted construction of a third Xi'an production base. Building was allowed to resume in Spring, 2011.
BYD F3 models are assembled in Russia by the company TagAZ, and in Ethiopia by Betret International Plc (assembling 1000 annually).
In Iraq the "scai" company (state-owned company) start producing some BYD models since 2009.
A production base in Dalian, Liaoning province, for K9 electric buses began operation in late 2014.
BYD opened a North American electric bus manufacturing plant in Lancaster, California in May 2013.
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.
Its first product likely based on a previous generation Mercedes-Benz B-Class, production is scheduled to begin in 2013.
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 Busin the United States as fleet vehicles only.