On December 29, Wang Chuanfu, Founder and Chairman of BYD, shared that BYD now has almost 1 million staff, 11 main analysis institutes, and 110,000 engineers, making it the automaker with probably the most R&D personnel on the planet, on the first China Innovation and Expertise Competition hosted by China Central Tv. BYD applies for 32 patents on common per working day.
Knowledge exhibits that since 2011, BYD’s variety of engineers has grown from greater than 20,000 to almost 110,000. In 2021, BYD added greater than 60,000 staff, bringing the overall quantity to greater than 280,000. In 2022, the variety of staff doubled to about 570,000. In 2024, BYD has almost a million staff. The biggest enhance is in its manufacturing and R&D employees. As of the third quarter of 2024, BYD’s cumulative R&D funding has exceeded 160 billion yuan (about 21.9 billion USD).
On the similar time, it’s price stating that previously two to a few years, BYD has recruited greater than 50,000 contemporary faculty graduates, of which almost 70% this yr have Masters and Doctoral levels, and almost 80% are R&D personnel. Based on Wang, most of BYD’s senior executives and technical leads joined the corporate as contemporary graduates, together with He Zhiqi, the present Chief Working Officer of BYD Passenger Automobile Enterprise Group, and Yang Dongsheng, Senior Vice President.
Within the first 11 months of 2024, BYD’s gross sales of latest vitality automobiles reached 3.7573 million items, a rise of 40.02% over the identical interval final yr. Furthermore, BYD’s whole energy battery put in capability in November reached 16.87 GWh, bringing its cumulative energy battery put in capability in 2024 to 117.54 GWh.
As of December 30, BYD introduced upfront that its annual gross sales in 2024 will likely be 4.27 million automobiles, exceeding the unique goal of three.6 million automobiles.
Supply: Wang Chuanfu, Eet China, Autohome
