Shenzhen, China – 30 July 2025 — In a landmark achievement, BYD has climbed to 91st position in the 2025 Fortune Global 500, marking the company’s first-ever entry into the top 100. The ranking, released on July 29, reflects BYD’s remarkable leap from 143rd place in 2024 and underscores its steadfast trajectory of high-quality growth, innovation, and international expansion. This marks BYD’s fourth consecutive appearance on the prestigious list since its debut in 2022.
Shenzhen, China – 30 July 2025 — In a landmark achievement, BYD has climbed to 91st position in the 2025 Fortune Global 500, marking the company’s first-ever entry into the top 100. The ranking, released on July 29, reflects BYD’s remarkable leap from 143rd place in 2024 and underscores its steadfast trajectory of high-quality growth, innovation, and international expansion. This marks BYD’s fourth consecutive appearance on the prestigious list since its debut in 2022.
A Record Year of Synergistic Growth
In 2024, BYD delivered a standout performance across its four core industries—automobiles, rail transit, new energy, and electronics—achieving annual revenue of RMB 777.1 billion (approx. USD 107.1 billion), a 29% year-on-year increase. Driving much of this success was the company’s record-setting new energy vehicle (NEV) sales, which reached 4.27 million units, reflecting 41% year-on-year growth.
This momentum secured BYD’s position as the world’s leading NEV brand by sales for the third consecutive year, reaffirming its leadership in the global shift towards sustainable mobility. The results point to not only BYD’s ability to scale rapidly but also its resilience in a dynamic global automotive landscape.
Innovation at the Core
Central to BYD’s sustained growth is its unwavering commitment to innovation. Guided by its development philosophy—“Technology-based, Innovation-oriented”—the company has consistently invested heavily in research and development. In 2024 alone, BYD dedicated RMB 54.2 billion (approx. USD 7.47 billion) to R&D, a 36% increase over the previous year and an amount that exceeded its net profit.
This long-standing dedication—wherein R&D spending has outstripped net profit in 13 of the past 14 years—has led to a series of groundbreaking technological advancements. Highlights include:
- Blade Battery – a benchmark in EV safety and energy density
- DiSus Intelligent Body Control System – enhancing driving dynamics and passenger comfort
- Megawatt Flash Charging – redefining EV charging speeds and convenience
Such innovations not only differentiate BYD in a competitive market but also future-proof its products against evolving consumer and regulatory demands.
Expanding Global Footprint
In 2025, BYD has further accelerated its globalisation strategy, with a robust focus on localisation. In the first half of 2025 alone, overseas sales of BYD passenger vehicles and pickup trucks exceeded 470,000 units, highlighting the brand’s expanding international appeal.
Key global milestones include:
- The establishment of a European headquarters in Hungary, strengthening its operational base in a key strategic region
- The roll-off of the first vehicle from its Brazilian manufacturing facility, advancing local production capacity in Latin America
- The delivery of its 90,000th NEV in Thailand, solidifying its position in Southeast Asia
As of mid-2025, BYD NEVs are now available in 112 countries and regions, offering environmentally conscious technology and premium experiences to a truly global customer base.
A Vision for a Cooler Planet
BYD’s historic rise in the Fortune Global 500 is more than a financial milestone—it is a testament to its mission-driven ethos. With the aspiration to “Cool the Earth by 1°C”, BYD continues to fuse innovation with sustainability, pioneering technologies that reduce emissions and reshape transportation.
As it looks ahead, BYD is poised to build on its global momentum with even greater technological breakthroughs and deeper market integration. From its humble origins in Shenzhen to a Fortune 500 top-100 contender, BYD is not just following the future—it’s driving it.
