NEW YORK — For the first time, BYD (Build Your Dreams) has been named to the Fortune Global 500 list.
A newcomer to the list, BYD’s high-tech enterprise encompasses a product line that includes battery electric automobiles, heavy duty electric vehicles including transit buses and Class 8 trucks, rail transit products including SkyRail, Type D and Type A battery electric school buses, material handling and new energy solutions and electronic devices.
Backed by its innovative technologies, such as the Blade Battery, DM-i super hybrid technology, and the e-platform, BYD sold 730,093 passenger vehicles in 2021, including 593,745 new energy passenger vehicles, with a YoY increase of 231.6%. In the first half of 2022, BYD sold 638,157 new energy passenger vehicles, up 324.8% YoY.
As Fortune noted, BYD’s aggregate sales increase of 19%, is the highest annual growth rate in the list’s history.
BYD’s North American headquarters is in Los Angeles, with a manufacturing facility in Lancaster, California and service centers across the United States and Canada. Known for its safe and innovative transit products, BYD began manufacturing school buses for the US market this year.
In March, BYD, “The Official Sponsor of Mother Nature” ceased its production of cars powered only by internal combustion engines, now only producing battery electric vehicles and plug-in hybrid electric vehicles.
On July 21, BYD announced its official entry into the passenger vehicle market in Japan, marking a new chapter in the globalization of BYD passenger vehicles.