BYD: Launch of “Yangwang” and “Fangchengbao” brands

Core NEV technologies developed in-house, production capacity in China raised to 4.8M units

2023/12/28

Summary
Announced “Yangwang” and “Fangchengbao” brands, expanding product lineup
Core technologies: Off-road super PHV platform, four-wheel independent architecture, intelligent vehicle control system, etc.
Vertically integrated production system: Establish core technology and secure supply capacity
Production capacity: BYD's domestic production capacity in China will increase from approximately 3 million units to approximately 4.8 million units
Overseas plants: Plans to build plants in Europe, Brazil, Thailand, etc.
Business status: 2022 sales soared; number of employees up 97.8% y/y
BYD's domestic sales volume in China (ex-factory)

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