BYD (BYDDF) ( (BYDDF) ) has released its Q4 earnings. Here is a breakdown of the information BYD (BYDDF) presented to its investors.
BYD Company Limited, a leader in the global new energy vehicle industry, is primarily engaged in the production of automobiles, handset components, rechargeable batteries, and photovoltaic solutions, with a focus on technological innovation and urban rail transportation.
In its 2024 annual report, BYD highlighted significant growth, reporting a 29.02% increase in operating revenue, reaching RMB 777,102 million. The company also achieved a milestone by becoming the first automaker globally to produce 10 million new energy vehicles, underscoring its leadership in the sector.
Key financial metrics showed robust performance, with a 34% increase in profit attributable to the parent company, amounting to RMB 40,254 million. The company’s strategic focus on multi-brand development and global expansion, including successful entries into new markets and partnerships, has driven its growth. Additionally, BYD’s investment in R&D reached RMB 54.2 billion, supporting its technological advancements and product innovations.
Looking ahead, BYD plans to leverage its core technological strengths and expand its multi-brand strategy to maintain its leadership in the new energy vehicle market. The company aims to accelerate its international expansion and continue to innovate in its handset components and assembly business, with emerging technologies like AI driving new growth opportunities.