BYD

BYD is a Chinese company based in Shenzhen, Guangdong. Wang Chuanfu founded it in 1995 as a rechargeable battery maker and bought a car manufacturer in 2003. The name is often read as Build Your Dreams.

BYD builds battery electric and plug-in hybrid cars, buses and trucks. Models include the Seal, Dolphin, Atto 3 and Han. The company makes its own batteries, including its Blade design, and also supplies batteries to other manufacturers.

It also operates a rail transit business and produces electronics components. BYD sells vehicles in Asia, Europe, Latin America and other regions, and has opened plants outside China. Warren Buffett's Berkshire Hathaway held a stake for years. The company is listed in Hong Kong and Shenzhen. BYD passed Tesla in battery electric car sales in the last quarter of 2023. It operates in Brazil, Hungary and Thailand, among other markets. Competitors include Tesla, Volkswagen and Geely.