Shenzhen, China: BYD has made a significant leap in global recognition by ranking 91st on the 2025 Fortune Global 500 list, marking its first-ever entry into the top 100. The company moved up from 143rd place in 2024 and has now secured a spot on the prestigious list for four consecutive years since 2022.

In 2024, BYD reported robust performance across its four major industries, posting annual revenue of RMB 777.1 billion (approx. USD 107.1 billion) — a 29% year-on-year increase. The company also achieved a record 4.27 million new energy vehicle (NEV) sales, representing a 41% year-on-year growth, and cementing its status as the world’s leading NEV manufacturer for the third consecutive year.

Driving Growth Through Innovation
Technological innovation remains central to BYD’s global strategy. The company adheres to a “Technology-based, Innovation-oriented” philosophy, consistently maintaining high levels of investment in research and development. In 2024, BYD’s R&D expenditure reached RMB 54.2 billion (approx. USD 7.47 billion) a 36% increase from the previous year and surpassing its net profit. Remarkably, BYD’s R&D spending has exceeded its annual net profit in 13 of the past 14 years (2011–2024).

This unwavering commitment to innovation has enabled BYD to launch several groundbreaking technologies, including the Blade Battery, DiSus Intelligent Body Control System, and Megawatt Flash Charging.

Accelerated Global Expansion
BYD has continued to expand its global footprint in 2025. In the first half of the year alone, overseas sales of passenger vehicles and pickup trucks exceeded 470,000 units, reflecting growing international demand. The company also advanced its localization strategy with several key milestones:

• Establishment of its European headquarters in Hungary
• Roll-off of the first vehicle at its Brazil manufacturing plant
• Delivery of the 90,000th NEV in Thailand

Currently, BYD’s NEVs are available in 112 countries and regions worldwide, bringing sustainable innovation and quality service to global consumers.

A Commitment to a Greener Future
BYD’s rise in the Fortune Global 500 rankings reflects not only its financial strength but also its vision for a more sustainable world. As it continues to expand and innovate, the company remains committed to its mission: “Cool the Earth by 1°C.”

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