BYD Co Ltd Value Stock - Dividend - Research Selection
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Description of the company
BYD Company Limited ("BYD"), as one of the top 500 Chinese companies, specializes in four industries, including IT, automotive, new energy and rail transit. Its shares are listed on both the Hong Kong Stock Exchange and the Shenzhen Stock Exchange.
BYD was founded in February 1995 and started the rechargeable battery business. In 2003, BYD entered the automotive industry. In the meantime, it began to enter a new energy industry. After 21 years of development, in October 2016, BYD has 220,000 employees and 29 manufacturing plants around the world, with a total coverage of over 18 million square meters.
BYD has achieved a comprehensive development by rigorously adhering to its technology and innovation driven development approach and a vertical integration and integrated innovation development methodology.
As one of the world's most competitive IT and EMS IT and ODM suppliers, BYD's primary focus is on rechargeable battery, handset and computer components as well as assembly services, providing one-stop services such as design, manufacturing, testing and assembly. Main customers of the business are Apple, Samsung, MicroSoft, Dell, Toshiba, HP, Huawei, Lenovo, ZTE and other industry leaders worldwide.
Currently, BYD is the only automaker in the world that simultaneously controls the technologies of batteries, electronic engine, electronic control, charging infrastructure and automotive production. Since the market launch of the world's first electric vehicle without a professional charging system in 2008, BYD has continued to innovate. Followed by the 7 + 4 strategy (BYD Overseas "go-to-market strategy"), BYD's product mix covers seven conventional areas and four specialty areas. The seven conventional areas include private vehicles, battery electric taxis, battery electric buses, battery electric coaches, logistics vehicles, construction vehicles, and garbage trucks; The four specialist areas relate to warehouses, ports, airports and mining companies. With high product quality and an innovative operating mode, BYD's new energy vehicles have gained widespread acceptance among domestic and foreign customers and accounted for 11 percent of the global market for new energy vehicles in 2015 worldwide. By the end of October 2016, BYD's new energy vehicles were sold to 210 cities in 50 countries and regions on 6 continents around the world.
In the field of new energy, BYD has launched several products, including solar power plants, energy storage, electric forklifts and LED, which provide new energy solutions for the generation, storage and use of electricity. In addition, BYD has won another world first: the first new energy company to receive a special award from the UN project "Powering the Future We Want".
As its name suggests - Build Your Dreams - BYD's mission is to create the green dreams of all humanity by improving the environment and making the world sustainable with its own technology. To fulfill its dreams, BYD makes no effort to find solutions for sustainable development. During the advance in the areas of IT, automotive and new energy, BYD officially entered the rail transportation industry in March 2016 and began researching and developing the urban electric railway project in the second, third and fourth cities in China. BYD seeks to electrify all urban public transport systems, to help build low-carbon cities, and to provide people with a lifestyless lifestyle.
BYD is committed to the belief that we can use technologies to make a difference to people's lives and benefit humanity. BYD will continue to identify new energy as its course for the future, strive for innovation-based development, and give offspring a beautiful and clean world to live on.