What did BYD do in the first place?

BYD was originally a manufacturer of rechargeable batteries.

In addition to building cars, BYD is also involved in battery and new energy business. Now BYD is the world's largest manufacturer of rechargeable batteries, and BYD originally started from the battery business.

BYD Co., Ltd. was established in 1995, with a scale of more than 20 people, and started with the production of secondary rechargeable batteries. Mass production of lithium-ion batteries began at 1997, with annual sales exceeding 1 100 million yuan. In 2003, it became the second largest rechargeable battery manufacturer in the world, and BYD Auto was established in the same year.

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.

BYD's current development of electric vehicles benefits from the early accumulation of enterprises, and the main factors are:

1. In terms of technology, BYD's all-electric vehicle has a cruising range of 300 kilometers, setting a benchmark for new energy vehicles. BYD's unique fast charging function can complete 50% charging of the whole vehicle in half an hour, and bid farewell to mileage anxiety completely.

2. Enjoy the ecology. BYD's acceleration in product, technology, service and user experience will be promoted at full speed. With the launch of 20 17 new energy vehicles, BYD will continue to provide consumers with the best quality new energy vehicle products and intimate services.

3. In terms of safety, as the only automobile company that has mastered the core technologies of battery, motor and electronic control, BYD has always been in the industry benchmark position in battery safety, body safety and chassis stability.

The above contents refer to Baidu Encyclopedia-BYD