BYD Co., Ltd., which started with contract manufacturing, has adhered to independent innovation in recent years, created its own brand of cars, improved the technological content of its products, and achieved both good and fast development. According to Xia Zhibing, General Manager of BYD Auto Sales Company, BYD Auto achieved a sales revenue of 3.8 billion yuan in the first half of the year, a year-on-year increase of nearly 70%. The company's total profit increased by 15%, with one-third coming from its automotive business revenue.
BYD Company achieves seamless technological integration by vertically integrating its IT and electronic components industry with a certain foundation, promoting the mastery of core technologies in the automotive industry and enhancing its ability to independently develop and produce. Not only have traditional fuel powered cars been developed, but also world leading dual-mode electric vehicles and pure electric vehicles have been successfully developed, effectively connecting the two platforms of automotive technology and battery technology.
At present, only General Motors, Toyota, and BYD have mastered dual-mode electric vehicles, and BYD is far ahead of other companies in battery technology. At present, BYD has formed a full range of F/S/M models in the automotive industry, including E-series pure electric sedans and DM series dual-mode electric vehicles. Among them, the F series fuel vehicles have gained widespread recognition in the market, gaining the trust of consumers with high cost-effectiveness and stable quality, and continuously improving brand awareness and reputation.