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Revenue of BYD Group in China 2009-2019

As a move to combat the swiftly escalating climate crisis, China has accelerated its production of electric cars while introducing policies that make it harder to acquire gasoline powered cars. China’s leading OEM, the BYD Group, raked in nearly 128 billion yuan as revenue from the sales of its electric vehicles in 2019.

BYD – China’s leading EV brand

BYD was established in China in 1995 as a high-tech company resolved to provide zero-emission energy solutions. By 2018 it was the largest shareholder in the Chinese electromobility market with EV sales ranging over 200 thousand cars. In the same year, the company also had the highest sales volume of battery electric vehicles making it China’s most popular BEV brand.

Electromobility infrastructure in China

China has more private electric vehicle charging stations than public ones. Of the overall number of public electric vehicle charging stations, a majority were concentrated in the Guangdong region in 2019. More than half the number of the public electric charging stations across China run on alternate current. In spite of the immense progress made by the Asian giant in this field, it remains to be seen how it will overcome the latest setback posed by the coronavirus pandemic.

Revenue of BYD Group in China from 2009 to 2019

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Source

Release date

April 2020

Region

China

Survey time period

2009 to 2019

Supplementary notes

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of April 2020).

Figures have been rounded to provide better understanding of the statistic.
Figures taken from BYD group report submitted to China Securities Regulatory Commission.

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