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BYD, a leading multinational high-tech company, has secured the 91st position in the 2025 Fortune Global 500 list, marking its debut in the top 100. This achievement highlights BYD’s remarkable growth, climbing from 143rd in 2024 and maintaining its presence on the prestigious list for the fourth consecutive year since 2022. Based in Shenzhen, China, BYD’s rise reflects its focus on technological innovation, global expansion, and sustainable development in the new energy vehicle (NEV) sector.
Key Highlights
- Top 100 Debut: BYD ranks 91st in the 2025 Fortune Global 500, up from 143rd in 2024.
- Revenue Growth: Achieved RMB 777.1 billion (USD 107.1 billion) in 2024, a 29% year-on-year increase.
- NEV Sales Leader: Sold 4.27 million NEVs in 2024, securing global leadership for the third year.
- R&D Investment: Invested RMB 54.2 billion (USD 7.47 billion) in R&D in 2024, surpassing net profit.
- Global Expansion: Overseas sales exceeded 470,000 units in the first half of 2025, with NEVs in 112 countries.
Financial and Market Success
In 2024, BYD reported a 29% increase in annual revenue, reaching RMB 777.1 billion (approximately USD 107.1 billion). The company’s dominance in the NEV market was evident with 4.27 million units sold, reflecting a 41% year-on-year growth. This performance solidified BYD’s position as the global leader in new energy passenger vehicle sales for the third consecutive year, showcasing its market resilience and commitment to high-quality growth.
Innovation at the Core
BYD’s “Technology-based, Innovation-oriented” philosophy drives its success. In 2024, the company invested RMB 54.2 billion in research and development, a 36% increase from the previous year, outpacing its net profit. Over 13 of the last 14 years, BYD’s R&D spending has exceeded its annual net profit, fueling breakthroughs like the Blade Battery, DiSus Intelligent Body Control System, and Megawatt Flash Charging. These innovations have strengthened BYD’s competitive edge in the global NEV market.
Global Reach and Localization
BYD’s globalization efforts gained momentum in 2025, with overseas sales of passenger vehicles and pickup trucks surpassing 470,000 units in the first half of the year. Key milestones include establishing its European headquarters in Hungary, launching production at its Brazil factory, and delivering its 90,000th NEV in Thailand. With a presence in 112 countries and regions, BYD continues to deliver sustainable technology and premium services worldwide, reinforcing its mission to “Cool the Earth by 1°C.”
About BYD and BYD Auto
Founded in 1995 as a rechargeable battery manufacturer, BYD has evolved into a global leader in automobiles, rail transit, new energy, and electronics. With over 30 industrial parks worldwide, BYD provides zero-emission energy solutions across six continents. Its automotive subsidiary, BYD Auto, established in 2003, focuses on pure electric and plug-in hybrid vehicles, mastering core technologies like batteries, electric motors, and electronic controllers. Notable advancements include the DM-i Super Hybrid Technology, e-Platform 3.0 Evo, and CTB Technology. As the first carmaker to halt fossil-fueled vehicle production, BYD Auto has led China’s NEV sales for 10 consecutive years.
For more details, visit www.bydglobal.com or www.byd.com.
Commitment to Sustainability
BYD’s 2025 Fortune Global 500 ranking underscores its dedication to innovation, sustainability, and global expansion. By leveraging advanced technology and expanding its international footprint, BYD continues to drive the global transition to green transportation, aligning with its vision of a greener world.
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