What is the history of BYD?

1, the initial development of BYD (2003-2005)

After the establishment of BYD Auto, the company quickly focused on these three businesses: fuel vehicles, electric vehicles and hybrid vehicles. At the beginning of its establishment, BYD only launched a Fule model in order to focus on infrastructure construction and new car research and development. At that time, BYD launched with the concept of "economical boutique car", focusing on the low-end market below 50,000 yuan.

It is obviously not an easy task to build a "good car" in a short time. Byd adopts the way of "reverse research and development" and buys a variety of cars for disassembly. Since BYD's total venture capital is only 2.5 million yuan, Wang Chuanfu only spent more than 6.5438 million yuan to build a production line. Not only that, BYD also advocates a concept of building cars, that is, "crowd tactics", which replaces machines with a large number of workers.

2. Extension period. After tasting the sweetness of F3' s hot sale, BYD has successively launched BYD F0, byd F3R, BYD G3, BYD L3, BYD F6 and BYD M6 in just a few years, and the research and development speed of new cars is amazing. In 2009, it became the independent brand with the largest sales volume.

3. BYD entered the trough (20 10)

On the basis of doubling the sales volume in 2009, BYD, full of confidence in 20 10, began to expand strategically. Unexpectedly, however, the sales volume only increased from 448,000 vehicles in 2009 to 517,000 vehicles, which was far from the original target of 100 vehicles. This year, BYD's development entered a trough. In order to achieve the sales target, BYD even uses the "sales rebate policy", and BYD has set high sales targets and extremely high rebates for dealers everywhere.

Leading to a large area of dealers pressing goods. On April 20 10, BYD broke the news that the dealer quit the network, and then the situation was serious. In September of that year, BYD admitted the company's decision-making mistakes and apologized to the dealers to calm down the storm of quitting the network.

4. BYD entered the rectification period (20 10-20 12).

After BYD realized its own problems, the first method adopted during the rectification period was the official reduction, with a maximum reduction of 6.5438+0.5 million yuan, mainly to offset sales.

5. BYD welcomes real spring (20 13- today)

In 20 12, BYD's automobile production and sales reached 456,000 vehicles, which ushered in the first growth after the decline of 20 1 1 year. In recent years, we have developed our own turbocharged engine+dual clutch gearbox technology, BYD e6' s second-generation DM hybrid technology and pure electric technology, as well as "remote driving technology", smart watch keys, night vision system, panoramic influence and so on.