BYD Continues Rapid Growth with Over 10,000 Fresh Graduates Joining, Focusing on R&D

BYD: A Global Leader in New Energy Vehicles

As of late 2023, BYD, the Chinese leader in new energy vehicles (NEVs), employed a total workforce of 703,504, comprising 524,673 production staff and 104,003 technical specialists. The company recently announced that over 10,000 recent college graduates have joined their ranks.

Of these new hires, nearly 70% hold master’s or doctoral degrees, and about 80% are engaged in research and development, according to a post by BYD on Weibo.

BYD operates across multiple sectors, including automotive manufacturing, battery production, consumer electronics assembly, and rail transportation. Its automotive division includes the brands BYD, Denza, Fang Cheng Bao, and Yangwang.

According to BYD’s 2023 annual report, the company had a total of 703,504 employees by the end of the year, including 524,673 production workers and 104,003 technicians. Among them, 31,506 employees held a master’s degree or higher, while 89,914 had a bachelor’s degree.

Over the past few years, BYD has surged to become the world’s largest NEV manufacturer, selling 3,024,417 NEVs in 2023—a 62.3% increase from the previous year. In particular, the company’s overseas NEV sales reached 242,765 units in 2023, marking a significant 493.51% growth year-over-year.

In the first half of 2024, BYD reported sales of 1,612,983 NEVs, a 28.46% increase compared to the same period in 2023. Overseas sales during this period stood at 203,404 units, representing a 173.8% rise year-over-year.

Not only is BYD the world’s largest NEV manufacturer, but it is also the second-largest electric vehicle (EV) battery producer. According to data from South Korean market research firm SNE Research, BYD captured 15.7% of the global EV battery market between January and May 2024, trailing only behind CATL’s 37.5%.