London, 03 August, 2023, (Oilandgaspress) – BYD reported an annual revenue of RMB 424.061 billion in 2022, a year-on-year increase of 96.2%, with all major operational indicators reaching unprecedented highs. Total sales of BYD’s new energy vehicles (NEVs) in 2022 amounted to over 1.86 million, solidifying the company’s position as the world’s leading NEV manufacturer. From January to July of 2023, BYD achieved a cumulative sales volume of 1.5 million units, which includes 92,469 units sold overseas. This overseas sales figure surpassed the total overseas sales for the entirety of 2022. As of July 2023, BYD has sold over 4,800,000 new energy vehicles globally.
BYD has grown into a multinational high-tech corporation spanning four major industries, namely electronics, automotive, new energy, and rail transit. As a global leader in new energy, BYD keeps driving technological advancement with a technology-based, innovation-oriented corporate philosophy. In 2022, BYD’s R&D expenditure exceeded RMB 20 billion, marking a 90.31% increase year-on-year. As of July 2023, BYD, bolstered by a robust team of over 90,000 R&D personnel, has showcased its innovative prowess by applying for more than 40,000 patents globally with over 28,000 approval.
In the automotive field, with pioneering technologies like Blade Battery, DM-i super hybrid system, e-Platform 3.0, CTB Technology, e4 platform, and the DiSus intelligent body control system, BYD has built comprehensive technology solutions, positioning itself at the forefront of the global green mobility evolution.
BYD is actively extending its global reach.
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