BYD climbs up in latest ‘Fortune Global 500’ list

Carmaker jumped from 212 last year to 143 in 2024

BYD climbs up in latest ‘Fortune Global 500’ list
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MANILA: BYD has improved its ranking in the Fortune Global 500 list.

KEY TAKEAWAYS

  • How many units has BYD sold globally by July 2024?

    By July of this year, BYD has sold more than 233,000 units worldwide.
  • Where did BYD produce its eight millionth new-energy vehicle?

    BYD's eight millionth new-energy vehicle was produced in Thailand.
  • For its third consecutive year on the list compiled by Fortune magazine, the Chinese carmaker has leaped from number 212 (in 2023) to number 143 at the time of writing. For BYD, the improvement “solidifies its status as the fastest-growing brand among all automotive companies named in the category.”

    BYD Emblem 1 Photo from Juan Paulo Papa

    Contributing to its rise in the industry is BYD’s accelerated global expansion. As of July 2024, BYD’s overseas sales surpassed 233,000 units, nearly equaling the company’s overall overseas sales for 2023.

    Last month, BYD’s eight millionth new-energy vehicle rolled out of its factory in Thailand.

    BYD is now present in 88 countries and regions, across over 400 cities, with production facilities in Brazil, Hungary, Uzbekistan, and as mentioned, Thailand.

    The said achievements — BYD noted — are driven by the company’s unwavering commitment to technological innovation. It has applied for over 48,000 patents, of which more than 30,000 have been granted.

    “BYD’s impressive rise in the Fortune Global 500 this year underscores its role as a leader in the new energy vehicle industry. With ongoing innovation and global expansion, BYD is not only transforming the automotive landscape but also reinforcing its position as a front-runner. Committed to advancing global green mobility and setting industry standards, BYD is well-positioned to continue its pioneering journey into the future,” the company wrote in a press release.

    BYD in PH

    BYD continues to make its mark here in the Philippines.

    Together with the help of ACMobility, BYD has launched several models in the country.

    Juan Paulo Papa BYD 4 Photo from Juan Paulo Papa

    Its lineup consists of electric vehicles (EV) like the Dolphin as well as the Atto 3, which Zigwheels Philippines was able to drive from Bonifacio Global City to Baguio City; the Han and Tang, whose mettle we tested; and the recently-released Sealion 6 DM-i.

    BYD Sealion 6 Photo from Juan Paulo Papa

    BYD’s offerings are backed by Ayala’s strong network of EV charging stations, which includes the recently opened hub in Ayala Malls Manila Bay.

    Also read:

    Win a trip to Palawan with BYD Cars PH’s 'Drive and Dive Test Ride' promo

    BYD Cars PH launches new app to boost ownership experience

    ACMobility to grow 1 tree per BYD car sold

    Paulo Papa

    Paulo Papa

    Fueled by his passion for cars and a good dose of caffeine, Paulo loves taking his readers for an exciting spin with his writing. A self proclaimed nerd, epigrammatic writer, and a doting father. 

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