What is the history of BYD's development?

1. BYD's early development (2003-2005)

After BYD Auto was founded, the company quickly took these three businesses: fuel vehicles, electric vehicles and hybrid vehicles as its main development direction. At the beginning of the company, BYD focused on infrastructure and new car development, and launched only one model, the Fleur. At the time, BYD launched it under the concept of "economic boutique family sedan", focusing on the low-end market of less than 50,000 yuan.

To create a "good car" in a short time is obviously not an easy thing, BYD used the method of "reverse R & D", buy a variety of cars for dismantling. Since BYD's entire start-up capital is only 2.5 million yuan, Wang Chuanfu spent only more than 1 million to build a production line. Not only that, BYD also promotes a car-making concept is "human sea tactics", with a large number of workers instead of machines.

2, expansion period. In the taste of the F3 hot under the sweet, BYD in just a few years launched the BYD F0, BYD F3R, BYD G3, BYD L3, BYD F6, BYD M6 and other models, research and development of new cars fast, let a person marvel. 2009 became the first sales of the independent brand.

3, BYD into the doldrums (2010)

Based on the doubling of sales in 2009, BYD entered 2010 confidently began to strategically expand, but surprisingly, sales only from 448,000 units in 2009, grew to 517,000 units, far from the initial target of 1 million units. This year BYD's development entered a trough. In order to achieve the sales target, BYD even utilized the "sales rebate policy", BYD to the local dealers have set a very high sales target, very high rebate.

This led to a massive pressure on dealers. In April 2010 BYD outbreak of dealer withdrawal event, followed by the seriousness of the situation, in September of that year, BYD admitted that the company's decision-making mistakes, and apologized to dealers, only to quell this withdrawal storm.

4, BYD into the rectification period (2010-2012)

In BYD realized its own problems, in the rectification period to take the first method is the official drop, the highest rate of reduction of 15,000 yuan, the main purpose is still in order to rush sales.

5, BYD ushered in a real spring (2013-present)

In 2012, BYD's auto production and sales reached 456,000 units, ushering in its first growth following a sales decline in 2011. During these years, the company developed its own turbocharged engine + dual clutch transmission technology, second generation DM hybrid technology and BYD e6 pure electric technology, as well as "remote control driving technology", smart watch key, night vision system, panoramic impact, etc.

The company also developed a series of new technologies, such as the "remote control driving technology", smart watch key, night vision system, panoramic impact, and so on.