• BYD reports stronger Q3 growth than competitors


    ShenzhenPress (Shenzhen)—BYD reported growth a gross margin of 22.75% in the third quarter of 2022. This is significantly stronger than its competition, including Changan (17.4%), SAIC (9.6%), GAC (4.6%), and Huawei-backed Seres (-57.3%).

    Major automakers are struggling with rising lithium prices and price war. Lithium carbonate prices have jumped nearly 80% since the start of the year, crossing the threshold of RMB 500,000 (USD 68,775) on September 13.

    The Chinese government will phase out EV purchase subsidies end of the year. This could see the price war intensify as experts predict price reductions as the automakers fight for market share, a move that would further impact short-term profitability.

    Shenzhen-based BYD reached an estimated RMB 10,000 profit per unit sold in the third quarter this year, almost double of the estimated RMB 6,400 in the second quarter.

    Net profits of RMB 5.7 billion in the third quarter is a 350% year-on-year increase compared to 2021. In comparison, Tesla reported USD 3.3 billion in net income in the same quarter.

    BYD posted sales of RMB 117 billion (USD 16.1 billion) for the third quarter, a 116% year-on-year increase compared to 2021.

    Source: TechNode

  • BYD Auto


    BYD Auto

    English name: BYD Auto Co, Ltd
    Chinese name: 比亚迪汽车

    Founded: 2002
    Headquarters: Xi’an, Shaanxi
    Encyclopaedic information: Wikipedia

    Parent: BYD Co Ltd
    Major subsidiaries:

    • Shenzhen BYD Daimler New Technology Co, Ltd (Denza)
    • Shenzhen BYD Auto Co Ltd
    • Changsha BYD Auto Co Ltd
    • Shaoguan BYD Auto Co Ltd
    • BYD Auto Sales Co, Ltd.
    • BYD. Mitsubishi Motors Co Ltd (Wesing Motors)

    BYD Auto Co, Ltd (Build Your Dreams) is a Chinese automotive subsidiary of BYD Co Ltd with its corporate headquarters in Xi’an, Shaanxi. It produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries and trucks. The current range of automobiles includes electric vehicles, plug-in hybrids and petrol-engined vehicles.

    BYD Auto entered a joint venture with Damiler AG to create luxury electric vehicle brand Denza in May 2010.

  • BYD



    English name: BYD Co Ltd
    Chinese name: 比亚迪股份有限公司

    Founded: February 1995
    Founder: Wang Chuanfu
    Headquarters: Shenzhen, Guandong
    Key people: Wang Chuanfu (CEO)
    Encyclopaedic information: Wikipedia, Baidu Baike (Brand), Baidu Baike (Company)

    BYD Co Ltd (Build Your Dreams) is a Chinese manufacturer with its corporate headquarters in Shenzhen, Guangdong. It has grown to become a major manufacturer of automobiles, battery-powered bicycles, buses, truck, forklift, solar panels, rechargeable batteries, and most notably mobile-phone batteries.