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BYD's largest subsidiary, BYD Auto, was founded in 2003 and has grown to become the world's largest manufacturer of plug-in electric vehicles. [14] Since 2009, BYD's automotive business has contributed over 50% of its revenue. By 2023, it contributed over 80% of the company's total revenue.
By 2023, BYD continued to be the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer (after Tesla), with global market shares of 21.4% and 15%, respectively. [69] [70] BYD also held a 36% market share in the new energy vehicle segment in China as of September 2023. [71]
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) [1] and more than 1.5 million exports in 2023. [2] In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs (battery-only EVs) and 2.79 million PHEV ...
Surpassing the United States as the world's largest automobile producer 2010 18,260,000 24.2% The largest number of production by any nation in history 2015 24,500,000 27.43% Became the world largest EV producer 2017 29,020,000 30.19% 2022 27,021,000 31.8% Surpassing Germany as the world's second largest car exporter 2023 30,161,000 33.8%
There are hundreds of automobile manufacturers operating in China, the country with the largest automotive industry in the world. It includes state-owned manufacturers, privately owned manufacturers, foreign manufacturers, and joint ventures between local and foreign manufacturers. See article Automobile manufacturers and brands of China for ...
The company is the biggest EV and energy storage battery manufacturer in the world, with a global market share of around 37% and 40% respectively in 2023. [ 4 ] [ 5 ] [ 6 ] The company is headquartered in the city of Ningde in China's Fujian province.
As of December 2015, China is the world's largest electric bus market, and by 2020, the country was expected to account for more than 50% of the global electric bus market. [149] China also is the world's leader in the plug-in heavy-duty segment, including electric buses, plug-in trucks, particularly sanitation/garbage trucks. [150] [151]
Battery manufacturer Production 2023 [1] / EV volumes [2] Change from 2022 [1] Market share [1] Headquarters Year founded Notes CATL: 260 / 242 GWh +41% 37% Ningde, Fujian, China: 1999 World's largest battery manufacturer Origins: Amperex Technology Limited. BYD / FinDreams: 111 / 115 GWh +58% 16% Shenzhen, Guangdong, China 1995