What does BYD do?
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BYD was originally a rechargeable battery manufacturer. In addition to manufacturing automobiles, BYD is also involved in battery and new energy businesses. Today, BYD has become the world's largest rechargeable battery producer, and it initially started with battery operations. Below is more related information: Introduction to BYD: 1. BYD Company Limited was founded in 1995, starting with a team of just over 20 people and initially producing secondary rechargeable batteries. By 1997, it began mass-producing lithium-ion batteries, achieving annual sales exceeding 100 million yuan. In 2003, it grew into the world's second-largest rechargeable battery manufacturer and established BYD Auto in the same year. 2. After the establishment of BYD Auto, the company quickly focused on three main business areas: fuel-powered vehicles, electric vehicles, and hybrid vehicles. In its early days, to concentrate on infrastructure development and new vehicle R&D, BYD only launched one model, the Flyer.