About BYD
BYD stands for Build Your Dreams, a name that once drew smirks in the West and now draws something closer to alarm. Founded in Shenzhen in 1995 by Wang Chuanfu as a maker of rechargeable batteries for phones, it bought a small carmaker in 2003 and began building cheap sedans. Warren Buffett's Berkshire Hathaway took a stake in 2008, a vote of confidence that put the company on investors' radar. Over the following years BYD bet heavily on electrified cars, and it built most of what it needed, from battery cells to chips, in-house.
That vertical integration became its superpower. BYD's lithium iron phosphate Blade battery, introduced in 2020, set new expectations for safety and cost, and its DM-i plug-in hybrids proved that electrified cars could be cheap to buy and to run. In 2022 it stopped building pure gasoline cars altogether, and it has since overtaken Tesla in battery-electric sales. Its lineup spans the Dynasty and Ocean families, along with the premium Denza, the off-road Fangchengbao and the ultra-luxury Yangwang brands, and its megawatt flash-charging technology has become a selling point in its own right.
BYD now sells cars across Europe, Australia, Latin America, the Middle East and Asia, ships them on its own fleet of car carriers, and has built or is building factories in Thailand, Brazil, Uzbekistan, Hungary and Turkey. The United States remains largely closed to it because of tariffs and software rules. At home, a bruising price war has hurt profits and slowed growth, and critics have questioned dealer stock levels and supplier payments, while Western rivals openly measure their technology against BYD's.
Follow it all here: new models from minivans to tiny kei cars, monthly sales and quarterly earnings, export records and factory openings, reviews from Europe and Australia, recalls, charging technology and the trade fights that shape where a BYD can be sold. Whatever one thinks of it, BYD has become the yardstick for the industry, the company every rival now quotes in earnings calls and engineering briefings. Its next moves, at home and abroad, will shape the price of an electric car for everyone else.