BYD Co Ltd (BYD) manufactures handset components, rechargeable batteries and electronic products, automobiles and other related products. The company provides innovative materials development, product design, conducts research and development, offers parts and components, as well as complete machine manufacturing, supply chain management, logistics, and after-sales services to the customers.

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The company’s research and development (R&D) activities focus on enhancing its technology and product quality, expanding its product portfolio and optimizing its product structure. The company aims to expand its market presence and reduce costs by enhancing its research and development capabilities. BYD invests in the upgradation of product technology and customer development to enhance its market presence. The company focuses on increasing the investments for the expansion of its product line and continues to partner with automobile OEMs (original equipment manufacturers) across the world, for long-term development in its automotive intelligent system business. In FY2022, it spent CNY18,654.5 million on R&D as compared to CNY 7,990.9 million in FY2021, reflecting a growth of 133.4% YoY.