Is BYD a Domestic or Joint Venture Car?
2 Answers
BYD belongs to the category of domestic cars. Definition of domestic cars: Domestic cars refer to vehicles independently designed, developed, and manufactured by Chinese people, possessing independent intellectual property rights and bearing Chinese-owned brands. They are part of the autonomous brand category and are produced by domestically invested enterprises. Definition of joint venture cars: Joint venture cars involve Chinese parties contributing through means such as providing land and factory usage rights, along with capital, while foreign investors contribute brands, technology, capital, talent, etc. Joint venture cars are the products of such cooperative arrangements. Foreign parties provide technology, talent, brands, etc., for assembly within the country, but the core technology remains under foreign control.
Last time when I saw my friend buying a BYD Han, I also did some research. It's indeed a purely domestic car. Look, in terms of corporate nature, BYD's headquarters is in Longgang, Shenzhen, completely founded by Chinese entrepreneurs. I could spend hours telling you the story of Wang Chuanfu starting with batteries in 1995. As for technological R&D, there's even more to boast about—batteries, motors, and electronic controls are all developed by their own team, even the car's chip is self-developed. Production bases are uniformly located domestically, like the factories in Xi'an, Changsha, and Shenzhen, with entire vehicles exported bearing the BYD logo. By the way, last year's news about them discontinuing fuel vehicles to shift to new energy was all over the headlines. This kind of fully self-controlled industrial chain model is something you won't see in joint ventures.
