BYD Rises To #91 On Fortune Global 500 List - CleanTechnica

Chinese electric vehicle (EV) manufacturer BYD has achieved a significant milestone by rising to #91 on the 2025 Fortune Global 500 list, climbing over 50 spots from its #143 ranking in 2024. This ascent reflects BYD’s rapid growth in sales, revenue, and profits, driven by its strong performance across four industries. In 2024, BYD reported annual revenue of RMB 777.1 billion (approximately USD 107.1 billion), marking a 29% year-on-year increase. The company also set a new record in new energy vehicle (NEV) sales, delivering 4.27 million units—a 41% growth from the previous year—securing its position as the global leader in new energy passenger vehicle sales for the third consecutive year. BYD’s growth is underpinned by substantial investment in technological innovation, with R&D expenditure reaching RMB 54.2 billion (about USD 7.47 billion) in 2024