Kathmandu,  Shenzhen, China – BYD ranked 91th in the 2025 Fortune Global 500 list, released on July 29, marking its first entry into the top 100. BYD advanced from 143 rd place in 2024 and has now appeared on the list for four consecutive years since 2022.

In 2024, BYD achieved synergistic growth across its four industries, reporting annual revenue of RMB 777.1 billion (approximately USD 107.1 billion) – a 29% year-on-year increase. The company also set a new record in new energy vehicle (NEV) sales, reaching 4.27 million units for the year, representing 41% year-on-year growth. This performance secured BYD’s position as the global new energy passenger vehicle sales champion for the third consecutive year, demonstrating strong market resilience and high-quality growth.

Technological innovation drives BYD’s global growth. The company keeps “Technology-based, Innovation-oriented” as its development philosophy, maintaining substantial R&D investment. In 2024, BYD’s R&D expenditure reached RMB 54.2 billion (about USD 7.47 billion), a 36% year-on-year increase that surpassed its net profit for the period. Notably, over 13 of the past 14 years (2011 – 2024), BYD’s R&D investment exceeded its annual net profit. Leveraging this sustained commitment,

BYD has introduced major technologies including the Blade Battery, DiSus Intelligent
Body Control System, Megawatt Flash Charging, etc. BYD accelerated its globalization and localization in 2025. Overseas sales of passenger vehicles and pickup trucks exceeded 470,000 units in the first half, showing strong growth momentum. The company’s overseas localization efforts is highlighted by key milestones such as the establishment of its European headquarters in Hungary, the roll-off of the first vehicle at its Brazil factory, and the delivery of its 90,000 th NEV in Thailand. To date, BYD NEVs are available in 112 countries and regions worldwide, bringing sustainable technology and premium services to consumers globally.

BYD’s latest Fortune Global 500 ranking reflects its commitment to innovation andinternational expansion. Moving forward, through advanced technology and an enhanced global presence, BYD will continue its efforts in sustainable development to “Cool the Earth by 1°C”.