BYD - where do you stand in the EV world?

Who is BYD?

BYD is probably the most vertically integrated EV maker in the world. BYD overtook LG Energy Solution to become the world's No. 2 battery maker in July.

BYD NEV quarter sales till Q3/2022 - CNEVPOST

Recent news about BYD (in June 2022)

In January this year, BYD invested an additional RMB 20 billion to build the second phase of the auto industrial park, according to Shenzhen Economic Daily. The investment in the two phases of the project will total RMB 25 billion, and the annual output value is expected to exceed RMB 100 billion when all production is reached, according to the report.

BYD stopped production and sales of traditional internal combustion engine (ICE) vehicles in March to focus on battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs). It sold 114,943 vehicles in May, marking the third consecutive month of more than 100,000 units. From January to May, BYD sold 507,314 units, up 348.11 percent from 113,213 units in the same period last year.

BYD wins new land parcel of over 550,000 sqm in Shenzhen for parts project-

BYD's order backlog is as high as 600,000 units, with a delivery cycle of five to six months, National Business Daily said earlier this month, citing minutes of the company's shareholders' meeting. BYD expects China's new energy vehicle penetration rate to exceed 35 percent this year and could reach 40 percent, local media Cailian reported in late March, citing minutes of the company's investor meeting. In a conservative scenario, BYD expects it to sell 1.5 million units in 2022, or 2 million if supply chain conditions improve, according to the minutes.

List of productions and solutions
Gasoline and electric cars, battery-powered bicycles, buses, trucks, forklifts, monorail train and buses, photovoltaic modules (solar panels), face masks, rechargeable batteries, and handset components.

Materials
BYD tries to source its own minerals including lithium
with experience being one of the biggest mobile OEM makers - they have an advantage coming to electronics
BYD makes their own chips and will be listing their chips division soon

Machine
BYD's auto design has been improving
BYD is the world's biggest commercial manufacturer of electric buses and also manufactures other commercial vehicles

In September 2022, it was reported that BYD has a back order of 700,000 vehicles (mix of commercial and passenger)
BYD has already expanded into Central America, Oceania, Europe and other parts of Asia
BYD offers other solar solutions including Battery storage & Battery packs (similar to Tesla)
One of the safest and most affordable batteries in LFP blade batteries

Joint venture
with Mercedes Benz - no doubt that they will learn about luxury vehicles from this (under Daimler).
JV with Toyota

Facilities
BYD is in the midst of several new factories being built including joint ventures
BYD will build a new plant in Thailand by 2024 (an estimated 150,000 units per annum)
As of now, BYD has six manufacturing plants in China, including sites in Shenzhen, Xi'an, Changsha, Changzhou, Fuzhou and Hefei. The Hefei site is a new one, which started production in late June, so it will be a direct expansion of the manufacturing capacity.