BYD rolls out 10 millionth new energy vehicle

Press Release, 18 November’ 2024

BYD today marked a historic moment in its 30th-anniversary celebration with the roll-off of its 10-millionth new energy vehicles (NEV) at its Xiaomo Production Base in the Shenzhen-Shanwei Special Cooperation Zone. This significant achievement underscores BYD’s unwavering commitment to sustainable transportation and reinforces its position as a global leader in the automotive industry.

At the event, BYD’s Chairman and President, Mr. Wang Chuanfu, delivered a keynote address reflecting on the company’s remarkable transformation from a small startup with just 20 employees to a multinational corporation with nearly one million staff worldwide. Mr. Wang highlighted BYD’s dedication to technological innovation and its crucial role in shaping the future of mobility.

Achieving the milestone of 10 million NEVs is a testament to BYD’s steadfast commitment to sustainable development. The company is now the first automaker in the world to reach this groundbreaking figure. Remarkably, BYD took 15 years to produce the first 5 million NEVs and achieved the next 5 million in just 15 months, demonstrating the company’s strategic focus on new energy vehicles and its continuous technological advancement.

The 10-millionth vehicle, a DENZA Z9, was presented to Mr. Feng Ji, Founder and CEO of Game Science and the visionary behind the critically acclaimed game Black Myth: Wukong.

Mr. Wang emphasized that BYD’s success is built on a foundation of bold vision, relentless execution, and unwavering perseverance. He attributed the company’s achievements to its strong technological capabilities and deeply embedded engineering culture. “The soul of BYD’s engineers is the soul of our company,” he said.

To provide an in-depth look into BYD’s culture, Qin Shuo, a renowned Chinese financial journalist and author, conducted interviews with nearly 100 mid-to-senior level executives and employees. These insights have been compiled into the book The Soul of Engineers.

Looking to the future, Mr. Wang outlined BYD’s strategic roadmap and introduced theBYD Basic Guidelines—a comprehensive document that encapsulates the company’s foundational principles, historical experiences, and forward-looking strategies. This framework will guide BYD’s continued growth and innovation in the years ahead.

Looking ahead, BYD will invest 100 billion yuan in developing intelligent technologies that integrate artificial intelligence with automotive systems, driving comprehensive upgrades of its entire vehicle lineup. This commitment will ensure BYD remains at the forefront of technological advancement, maintaining a competitive edge in the global market while fulfilling people’s aspirations for a better life. With a steadfast focus on the engineering spirit and a dedication to sustainable development, BYD is poised to strengthen its position as a world-class high-tech enterprise.

About BYD
BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world.
For more information, please visit www.bydglobal.com.

About BYD Auto
Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, electronic controllers, and automotive-grade semiconductors. It has witnessed in recent years significant technological advancements, including the Blade Battery, DM-i Super Hybrid Technology, e Platform 3.0, CTB Technology, e4 Platform, BYD DiSus Intelligent Body Control System, and DMO super hybrid system. The company is the world’s first carmaker to stop the production of fossil-fueled vehicles on EV shift and has remained top of new energy passenger vehicle sales in China for 10 years in a row.

About BYD India:
BYD India was established in March 2007 in Chennai, India, with an office in New Delhi. The Indian subsidiary has two factories, covering more than 140,000 sq. m, with an investment exceeding $200 million. Its business covers electric passenger cars, battery energy storage, electric buses, electric trucks, electric forklifts, and electronics. BYD India provides customers with product solutions and related after-sales services.

BYD India passenger vehicles currently has three successful products in its portfolio -the BYD eMAX 7, the BYD SEAL and the BYD ATTO 3, all of which have been very well received by Indian consumers. BYD India passenger vehicles division has a wide dealership network, with 27 showrooms across 23 cities. More information about the company can be found at www.bydautoindia.com.