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BYD was founded by Wang Chuanfu in February 1995 as a battery manufacturing company. 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. [13] Since 2009, BYD's automotive business has contributed over 50% of its revenue.
BYD Motors Inc. facility in Lancaster, California, in 2016. BYD opened a manufacturing plant for electric buses in Lancaster, California, US in May 2013. [274] [275] Another plant was inaugurated in Campinas, Brazil in 2015 for the production of electric buses. [276] BYD also opened a bus plant in 2019 in Newmarket, Ontario, Canada. [277] [278]
In 2017, AVTA became the first transit agency in the United States to operate a 60-foot, articulated electric bus, manufactured by BYD in Lancaster. [ 31 ] [ 32 ] In 2018, the Antelope Valley Transit Authority began to charge its electric buses on special wireless charging pads located along bus routes.
BYD has already announced several new facilities outside of China. In Asia, the company is eyeing a $1.3 billion investment to set up an electric vehicle factory in Indonesia, and is also expected ...
BYD is now the world's largest EV maker, selling more battery-powered cars than Tesla in the final quarter of 2023.Yet most of the sales that took BYD to the top were in China. That may change, as ...
(Reuters) -Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for 15.8 ...
It also uses the battery-powered BYD K9 and BYD K9M buses, [31] as well as the relatively new New Flyer XE35. Long Beach Transit has had several major firsts. It was the first agency to: Operate the General Motors RTS bus in the late 1970s, in addition to other variants; Operate the first gasoline-electric buses in the world
BYD, which still makes the vast majority of its sales in China, passed Tesla for EV sales in the fourth quarter of 2024. It also beat German giant Volkswagen to become the biggest automaker in ...