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Whether internationally recognized or not, however, the company is already the world’s largest producer of electric buses and is quietly beginning to transform urban transportation across the world.
On May 29th, BYD stated on its interactive platform that China is the birthplace of PHEV (Plug-in Hybrid Electric Vehicle) technology and also the world's largest PHEV market.
A report released by leading South Korean consulting firm SNE Research on May 3 showed that Chinese company BYD has surpassed South Korean firm LG Energy Solution and ranked second with a market share of 16.2%.
The China EV100 Forum took place on April 1, with several representatives from car manufacturing companies in attendance. They delivered speeches and shared their perspectives on a range of topics including the global automotive industry, new energy vehicles, and the development of intelligent connected vehicles.
Shortly after the launch of the U8, BYD's first luxury new energy vehicle, a new model named "Seagull" has been registered with China's Ministry of Industry and Information Technology.
On April 26th, BYD, a Chinese electric car manufacturer, introduced the Seagull as part of its Ocean Series. The Seagull is classified as an A0-level vehicle and comes equipped with blade batteries.
Leading Chinese new energy vehicle maker BYD is considering building a new battery super factory in Spain.
On July 13th, BYD plans to establish a battery assembly plant in Hungary with an investment of over ¥200 million (about $28 million). This is BYD's second factory in the country following the electric bus and truck factory in Hungary.
BYD Chairman Wang Chuanfu announced that the company plans to invest an impressive 100 billion yuan in intelligent driving technologies, with a focus on generative AI and large model R&D.
A photo of the interior of BYD's new high-end off-road vehicle was recently exposed on the Chinese web, appearing different from the models currently sold by the firm.
Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
Chinese electric vehicle firm BYD disclosed its July production and sales report on August 3. The company produced 163,358 new energy vehicles in July, a year-on-year increase of 221.70%.