BYD Company Limited continued to receive praise last week as they were named on Fortune China’s Most Admired Chinese Companies 2013 Rankings. This year, however, they were recognized for the first time as China’s most admired automotive brand overtaking last year’s industry leader, The Fuyao Group. This year’s list included a total of six automotive OEMs, the next closest industry member being Great Wall Motors. The annual rankings are established through the results of surveys taken by over 1,200 senior business executives. BYD came in ranked overall as China’s 11th most admired brand, ten spots above The Fuyao Group who occupied the 21st spot. This is an improvement from last year’s ranking of 15th.
Though their automobile division has become synonymous with the electric car industry since Berkshire Hathaway purchased 9.9% of BYD Company Limited in 2008, they have also developed hybrid and gasoline powered automobiles in domestic China. Unlike other automobile OEMs on Fortune’s list, BYD Company is not limited to just automobiles. Established in 1995, they specialize in new energy, automotive and IT solutions. Now the world’s leading supplier of rechargeable batteries, their proprietary Iron-Phosphate battery chemistry has propelled them into one of the world’s largest electric transit bus suppliers as well as the industry leader in electric cars. Now making a strong push into the North and South American markets, the company’s interests go deeper than simply selling their products. Opening manufacturing facilities for both their bus and battery businesses in Lancaster, California, BYD is doing everything they can to help revive the United States economy by creating jobs as well as products that promote economic sustainability. With more than 180,000 people employed worldwide, and a $101.3 billion dollar market cap, BYD is obviously a major player in China’s economy, this just goes to show Fortune’s recognition is more than a long time coming.
BYD is ranked #1 at the top of Bloomberg’s and Business Week's 2009 Tech 100 List (http://www.businesswire.com/news/home/20100520006751/en/BYD-Tops-Bloomberg-Businessweek%E2%80%99s-12th-Annual-Tech) and is the leading manufacturer of advanced, environmentally-friendly battery technologies like the BYD’s Iron Phosphate battery used in BYD electric vehicles and electric buses. BYD’s solar panels and LED Lighting systems have CEC, TUV/CE and UL listings, and the company enjoys rapid growth in consumer electronics space and electrified transportation sector manufacturing under its BYD brand. BYD is the fastest-growing Chinese automotive and green energy technology enterprise. The company trades on the Hong Kong Stock Exchange (HKSE) under the ticker numbers HK.0285 – BYD Electronics and HK.1211 – BYD Company Ltd., as well as on the Shenzhen Stock Exchange under the ticker number 002594 - BYD Company Ltd. For more information, visit www.byd.com, www.facebook.com/bydcompany or email firstname.lastname@example.org.
- Automotive Industry