With record performance and overseas innovation, BYD climbs to 143rd place in the 2024 Fortune Global 500
2024-08-07
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On August 5, 2024, BYD was listed on the Fortune Global 500 list for the third consecutive year, jumping from 212th last year to 143rd, becoming the automaker with the largest annual ranking increase.
In 2023, BYD's four major industries worked together to achieve annual revenue of 602.32 billion yuan, a year-on-year increase of 42%, and various core operating data continued to rise. BYD's new energy vehicle sales set a new record, with a total sales of 3.024 million vehicles throughout the year, and for the first time ranked among the top ten best-selling car brands in the world, becoming the first Chinese car brand to be shortlisted in the top ten in the 70 years of China's automobile industry. From January to July 2024, BYD sold a total of 1.947 million new energy vehicles and once again ranked among the top ten best-selling car brands in the world in the first half of this year, ranking eighth, and its international influence accelerated.
This year, BYD's overseas expansion has accelerated again. As of July, BYD's overseas sales have exceeded 233,000 vehicles, close to last year's full-year overseas sales. At present, BYD's new energy vehicles have spread to 88 countries and regions and more than 400 cities around the world. On July 4, 2024, BYD's 8 millionth new energy vehicle Dolphin rolled off the assembly line in Thailand, marking the official start of production at BYD's Thai factory. In addition, BYD also has passenger car production bases in Brazil, Hungary, Uzbekistan and other countries to accelerate the globalization of the industrial chain and help the green transformation of the global automotive industry.
Behind the continuous milestones is BYD's development philosophy of "technology first, innovation first". BYD's R&D investment in 2023 is nearly 40 billion yuan, a year-on-year increase of 97%, and the cumulative R&D investment has reached 140 billion yuan. As of now, BYD has applied for more than 48,000 patents and authorized more than 30,000 patents worldwide, with more than 102,800 R&D personnel, providing strong technical support for the high-quality development of the global new energy industry.
Behind the outstanding achievements is the continuous improvement of BYD's own strength and innovation capabilities. As a global leading new energy vehicle company, BYD will continue to be committed to promoting green travel through technological innovation and jointly "cooling the earth by 1°C". (Information)
Ding Ruyao, Upstream News
