BYD Ranks 91st in 2025 Fortune Global 500
BYD Ranks 91st in 2025 Fortune Global 500 Shenzhen, China – BYD ranked 91st in the 2025 Fortune Global 500 list, released on July 29, marking its first entry into the top 100. BYD advanced from 143rd 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 90,000th 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 and international 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”. About BYD BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks worldwide. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 110 countries and regions. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world. For more information, please visit www.bydglobal.com. About BYD Auto Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, and electronic controllers. It has witnessed in recent years significant technological advancements, including the Blade Battery, DM-i Super Hybrid Technology, e-Platform 3.0 Evo, CTB Technology, e⁴ Platform, DiSus Intelligent Body Control System, DMO Super Hybrid Off-road Platform, and Super e-Platform. The company is the world’s first carmaker to stop the production of fossil-fueled vehicles on the EV shift and has remained top of new energy passenger vehicle sales in China for 10 years in a row. For more information, please visit www.byd.com.