BYD ranked 91st in the Fortune Global 500 in 2025..Top 100 Companies Leap
Jul 31, 2025
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In 2024, BYD realized even growth across four key industries: automotive, electronics, rail transportation, and energy. Annual sales rose 29% year-on-year to 777.1 billion yuan (about 149.2886 trillion won). In particular, sales of eco-friendly vehicles (NEVs) rose 41% year-on-year to 4.27 million units, a new record. Through this, it has achieved the No. 1 global eco-friendly car sales for three consecutive years.
BYD's growth comes from technology-focused R&D investments. The amount of R&D investment in 2024 is 54.2 billion yuan (about 10.4188 trillion won), which exceeds BYD's net profit. BYD has made R&D investments that exceed net profit for 13 of the 14 years from 2011 to 2024. Based on this continuous investment, key technologies such as Blade Battery, DiSus Intelligent Body Control System, and megawatt-class ultra-fast charging technology were introduced one after another.
BYD is rapidly expanding its position in the global market in 2025. Sales of overseas passenger cars and pickup trucks exceeded 470,000 units in the first half of this year. Localization achievements in major countries such as the establishment of the European headquarters in Hungary, the first shipment of vehicles to a Brazilian factory, and the delivery of 90,000 eco-friendly vehicles (NEVs) in Thailand were also prominent. Currently, BYD's eco-friendly cars are sold in 112 countries and regions around the world, providing sustainable technology and premium services to consumers worldwide.
BYD's rise in the Fortune Global 500 rankings reflects its strong commitment to technological innovation and global expansion. Under the mission of "Cool the Earth by 1°C," BYD is leading the global mobility paradigm through technology and eco-friendly vision.
BYD started as a battery company in Shenzhen, China in 1995. Since then, BYD has declared a halt to production of internal combustion vehicles in 2022 to adhere to its brand vision of 'Cutting Earth's Temperature by 1°C' and is moving toward 'Green Dream'.
Currently, four major businesses are developing electronics, automobiles, renewable energy, and light rail. By 2024, BYD has become a global sales leader for the third consecutive year with global sales of 4.27 million eco-friendly vehicles.
The background of BYD's rapid growth is intensive and continuous investment in core technology development. BYD's R&D investment in 2024 was approximately $7.46 billion, up 36% year-on-year, and its cumulative R&D investment amounted to $24.8 billion. In 24 years alone, sales were $107 billion (777.1 billion yuan), up 29% from the previous year.
By March 25, BYD has applied for more than 59,000 patents worldwide, of which more than 120,000 R&D personnel are presenting innovative technologies and products in the global eco-friendly car industry in more than 100 countries and regions around the world. It is listed on the Hong Kong and Shenzhen stock exchanges and has been listed among Fortune's top 500 global companies in a row since 2022.
Editor Kim Tae-jin, tj.kim@carguy.kr
This article was translated by Naver AI translator.
