On July 29th, the 2025 Fortune Global 500 list was officially released, with BYD ranking 91st. BYD has been on the list for four consecutive years and has entered the top 100 globally
In 2024, BYD's four major industries will develop in synergy, with a total annual revenue of 777.1 billion yuan, a year-on-year increase of 29%; The sales of new energy vehicles have reached a new high, with a cumulative sales of 4.27 million vehicles for the whole year, a year-on-year increase of 41%. It has won the global new energy passenger vehicle sales championship for three consecutive years, demonstrating strong market resilience and high-quality growth trend.
Technological innovation is the core driving force behind BYD's global leap. The company always adheres to the development philosophy of "technology is king, innovation is the foundation", and insists on high R&D investment. In 2024, BYD's R&D investment reached 54.2 billion yuan, a year-on-year increase of 36%, far exceeding the net profit of the same period. In the 14 years from 2011 to 2024, BYD's R&D investment exceeded its net profit for 13 years. Relying on continuous research and development accumulation, BYD has launched multiple heavyweight technologies such as blade batteries, DM-i super hybrid, and megawatt flash charging, which not only effectively solve industry pain points, but also inject strong technological momentum into the high-quality development of the global new energy industry.
By 2025, BYD's globalization process will accelerate comprehensively, and its localization strategy will continue to deepen. In the first half of the year alone, BYD's overseas sales of passenger cars and pickup trucks have exceeded 470000 units, showing strong growth momentum. At the same time, the overseas localization strategy is steadily advancing, from the European headquarters settling in Hungary in May, to the first car of the Brazilian factory being rolled off the assembly line in July, and the delivery of the 90000 new energy vehicles in Thailand, constantly setting new milestones for going global. So far, BYD's new energy vehicle footprint has spread to 112 countries and regions around the world, bringing sustainable development technology and excellent services to more consumers.
As a global leader in new energy vehicles, BYD's new high ranking in the Fortune Global 500 is the result of its commitment to technological innovation and global breakthroughs. Looking ahead to the future, BYD will continue to steadfastly uphold the concept of sustainable development, using cutting-edge technology and a more comprehensive global layout to cool the earth by 1 ℃.Editor/Cheng Liting
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