BYD, the global leader in new energy vehicles (NEVs) and power batteries, celebrated a major achievement as its 10-millionth NEV rolled off the production line at its Xiaomo facility. This milestone cements BYD’s leadership in the automotive industry and highlights its commitment to sustainable transportation solutions.
Founded in 1995 with just 20 employees, BYD has evolved into a multinational giant employing nearly one million staff worldwide. Reflecting on the company’s journey, Chairman and President Wang Chuanfu emphasized BYD’s unwavering focus on technological innovation and its role in shaping the future of mobility.
In its latest international venture, BYD recently introduced its flagship vehicles, the ATTO 3 and Seal, in Pakistan, aiming to electrify 50% of the local automobile market by 2030. The company plans to establish local manufacturing facilities and expand charging infrastructure to support the country’s transition to clean energy.
BYD’s rapid growth in the NEV sector is a testament to its strategic vision. While the company took 15 years to manufacture its first five million NEVs, it achieved the next five million in a record-breaking 15 months. The 10-millionth vehicle, a DENZA Z9, was ceremonially handed over to Feng Ji, Founder and CEO of Game Science.
Wang attributed the company’s success to its bold vision, relentless execution, and perseverance. He also praised the engineering spirit that defines BYD’s culture, as detailed in The Soul of Engineers, a book by financial journalist Qin Shuo that explores the company’s innovative ethos through interviews with key executives and employees.
Looking to the future, BYD plans to invest 100 billion yuan in developing intelligent automotive technologies, integrating artificial intelligence to enhance vehicle systems. This initiative aligns with the company’s “BYD Basic Guidelines” framework, which prioritizes innovation, sustainability, and engineering excellence.
BYD’s ambitious goals include becoming a cornerstone of the global transition to green mobility. By continually pushing technological boundaries, the company is poised to further solidify its status as a world-class high-tech enterprise dedicated to sustainable development.
As BYD drives the NEV industry forward, its success serves as a model for the global automotive sector, illustrating the potential of combining visionary leadership with a commitment to a greener future.
