Facts about BYD that you may not have known about
As BYD continue to grow globally, you may want to be privy to some of the facts that made them who they are today.
BYD is making waves in the electric car market and with the introduction of the SEAL, Dolphin and Atto 3, there are exciting times ahead for the brand. If you didn’t know much about BYD before, we’re hoping to shed some light on the company and what it is they do:
1. BYD sold more EVs than Tesla at the end of 2023
It may be easy to assume that Tesla would be the electric car manufacturer that would sell the most EVs at any given point in time - but this isn’t true. In the final quarter of 2023, BYD sold a record 526,000 electric cars - Tesla struggled more at that time due to rising borrowing costs. If we look at 2023 as a whole, Tesla still sold more EVs than any other manufacturer - but this proves that BYD is on the rise to becoming a popular brand.
In 2022, BYD sold almost 1,860,000 electric cars globally, which makes them a clear market leader for electric vehicles. We are expected to see them grow exponentially over the next few years.
2. Most of their parts are made in-house
Whilst most companies buy parts from other manufactures, BYD are known to make most of their parts themselves. This means that they have been able to keep their costs low, which have allowed them to pass the lower cost onto the consumer. This makes their models a lot more affordable than their competitors. Other benefits of manufacturing parts in-house is that BYD can conduct their own quality control and develop advanced technologies. This means that you’ll be getting the best quality and highly innovative products not seen anywhere else.
3. Your mobile device could be powered by BYD
Before they became known as a prominent EV manufacturer, BYD were a major player in the electronics market and specialised in the creation of components for mobile and laptop devices - even now, 50% of Apple’s iPads are built with BYD components. They have since established themselves in other markets, such as electric motors, semiconductor chips, electronic control systems and power batteries. This innovation is what has allowed them to innovate and adapt components for bigger things.
4. BYD began its journey in 1995
Whilst the name may not be well-known just yet in the UK, BYD aren’t a brand new company - they have actually been around since 1995 and they entered the automotive industry in 2003. They were well-established in China, but hadn’t expanded their reach to other countries until now. Having diversified their portfolio and expanded operations into other areas, they have now been able to begin dominating the global market for electric cars.
One of their main goals today is to decrease the Earth’s temperature by 1 degree, by offering vehicle solutions and renewable energy solutions to contribute to the reduction of greenhouse gases.
5. BYD aren’t limited to just electric cars
With such high hopes and innovative ideas, it’s no surprise that BYD aren’t limiting themselves to electric cars - they also produce coaches, forklifts, all-electric buses, taxis, sanitation vehicles, sky shuttle systems, and sky rail systems. Their headquarters in Shenzhen has its own monorail systems because many of the staff live on-site and commute to work via monorail. Their goal is to create a more sustainable planet through their products and they have delivered over 74,000 ebuses around the world.
In January 2024, BYD’s very first electric cargo ship set sail for Europe, with the task of delivering 7,000 BYD cars. The mission was a success and another seven ships are being added to their fleet in the next two years.
6. BYD made face masks during the Covid pandemic
During the times of the Covid pandemic where everyone had to wear masks when they went out, BYD stepped up and announced they would be contributing to making masks to aid with the mask shortage globally. Face masks manufactured by BYD were sent to over 80 countries and regions. It only took them 24 days to design, manufacture and begin sending the masks out - they became the largest mask manufacturer in the world with up to 100 million pieces a day.
7. BYD owns three luxury brands
BYD don’t just look after themselves - there are three other brands that the company looks after: YangWang, Denza and Fangchenbao, which are all considered luxury vehicle brands. YangWang have even produced a car that can float on water, making it perfect for off-roading or for those countries that experience extreme weather - it’s the YangWang U8 and can remain afloat for up to 30 minutes.
8. BYD sponsored the Euros
When you were watching the Euros in 2024, did you notice BYD’s logo flashing up on the pitch? BYD became a partner for the Euros, which enabled the manufacturer to market their name and get people talking about them. Their goal was to provide sustainable transport for both players and fans in Germany.
Browse the Collection of the BYD Cars Today
Although BYD is fairly new to the UK electric car market, they are certainly not ones to be overlooked. With the electric car market growing stronger every day, BYD is on the list to be one of the top providers of EV vehicles. Browse through our BYD vehicles today to find the best car for you and your family. If you’re unsure what you're looking for or would like more information about one of the vehicles you see on our website, don’t hesitate to get in touch with one of our team and we’d be happy to help you.
