BYD, a leading global new energy vehicle (NEV) manufacturer, has achieved a significant milestone by ranking 91st in the 2025 Fortune Global 500 list, released on July 29. This marks BYD’s inaugural entry into the prestigious top 100, showcasing its rapid global ascent. BYD has demonstrated consistent growth, advancing from 143rd place in 2024 and appearing on the list for four consecutive years since 2022.
A Leap into the Top 100: BYD’s Global Ascent
BYD’s strong performance in 2024 underpinned its leap into the top 100. The company achieved synergistic growth across its four industries, reporting an impressive annual revenue of RMB 777.1 billion (approximately USD 107.1 billion). This represents a 29% year-on-year increase. Notably, BYD set a new record in new energy vehicle (NEV) sales, reaching 4.27 million units for the year. This figure translates to a remarkable 41% year-on-year growth, solidifying BYD’s position as the global new energy passenger vehicle sales champion for the third consecutive year. These achievements demonstrate strong market resilience and high-quality growth.
Innovation at Core: Driving Technological Advancement
Technological innovation remains the core driver of BYD’s global growth. The company adheres to a “Technology-based, Innovation-oriented” development philosophy, maintaining substantial R&D investment. In 2024, BYD’s R&D expenditure reached RMB 54.2 billion (about USD 7.47 billion). This figure represents a 36% year-on-year increase, notably surpassing its net profit for the period. Over 13 of the past 14 years (2011 – 2024), BYD’s R&D investment consistently exceeded its annual net profit. Leveraging this sustained commitment, BYD has introduced major technologies, including the Blade Battery, DiSus Intelligent Body Control System, and Megawatt Flash Charging.
Accelerating Global Presence
BYD further accelerated its globalization and localization efforts in 2025. Overseas sales of passenger vehicles and pickup trucks exceeded 470,000 units in the first half, showing strong growth momentum. The company’s overseas localization efforts are highlighted by key milestones such as the establishment of its European headquarters in Hungary, the roll-off of the first vehicle at its Brazil factory, and the delivery of its 90,000th NEV in Thailand. To date, BYD NEVs are available in 112 countries and regions worldwide, bringing sustainable technology and premium services to consumers globally.
BYD’s latest Fortune Global 500 ranking reflects its unwavering commitment to innovation and international expansion. Moving forward, through advanced technology and an enhanced global presence, BYD will continue its efforts in sustainable development with the mission to “Cool the Earth by 1°C”.
Frequently Asked Questions (FAQs)
Q1: What is BYD’s ranking in the 2025 Fortune Global 500 list? A: BYD ranked 91st in the 2025 Fortune Global 500 list.
Q2: How many consecutive years has BYD appeared on the Fortune Global 500 list? A: BYD has appeared on the Fortune Global 500 list for four consecutive years since 2022.
Q3: What was BYD’s annual revenue in 2024? A: In 2024, BYD reported an annual revenue of RMB 777.1 billion (approximately USD 107.1 billion).
Q4: How many New Energy Vehicles (NEVs) did BYD sell in 2024? A: BYD sold 4.27 million New Energy Vehicles (NEVs) worldwide in 2024.
Q5: How much did BYD invest in R&D in 2024? A: In 2024, BYD’s R&D expenditure reached RMB 54.2 billion (about USD 7.47 billion).
Q6: In how many countries and regions are BYD NEVs available worldwide? A: BYD NEVs are available in 112 countries and regions worldwide.
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