BYD Co. Ltd. (“Build Your Dreams” Chinese: 比亚迪股份有限公司) is a publicly listed Chinese conglomerate manufacturing company headquartered in Shenzhen, Guangdong, China.[7] It was founded by Wang Chuanfu in February 1995.[8] The company has two major subsidiaries, BYD Automobile and BYD Electronic.[9] BYD Company manufactures automobiles, buses, electric bicycles, trucks, forklifts, solar panels and rechargeable batteries.[10]
It has grown to become a major manufacturer of automobiles (most notably full-electric and hybrid cars, buses, trucks, etc.), battery-powered bicycles, forklift, solar panels and rechargeable batteries (mobile phone batteries, electric vehicle batteries and renewable bulk storage).[11] The name BYD is an abbreviation of “Build Your Dreams”.[12]