BYD, the English abbreviation for BYD originally means "Build Your Dream", implying the construction of travel dreams, and in the capital market, it has also won the favor of many investors with its strong development potential. After listing on the A-share market in 2011, BYD's stock price fluctuated multiple times. In 2022, it surged to 350 to 360 yuan at one point, and the company's total market value successfully broke through the trillion yuan threshold. Affected by the continuous price war in the domestic car market and the decline in market demand in the first quarter of this year, currently BYD's A-share stock price fluctuates around 90 yuan, and the total market value is maintained in the range of 831.4 billion to 850 billion yuan. Now BYD ranks firmly in the top three globally among automakers by market value, standing shoulder to shoulder with Tesla and Toyota, but compared to Tesla's market value of over 1.5 trillion US dollars, there is still a considerable gap between the two sides. On June 9, BYD held its 2025 Annual General Meeting. Facing shareholders' doubts, Chairman Wang Chuanfu stated that the company's performance would continue to improve, the enterprise will adhere to technology innovation-driven development, advance steadily with forward-looking layout, and strive to create more considerable returns for shareholders.
At the annual general meeting, many investors were very concerned about the upper limit of BYD's market value, frequently asking if the company could aim for a market value of 10 trillion and narrow the gap with Tesla. In response, Wang Chuanfu has always regarded technology as the core confidence for enterprise progress. He stated that solid technology is the foundation for long-term development of enterprises. BYD possesses a large-scale, top-tier engineering team. The enterprise adheres to a long-term development route and relies on solid technological accumulation to expand steadily. Unlike some enterprises that rely on capital stories to boost market value, BYD deepens the essence of manufacturing, and a steady technological layout also makes the company's market value development more resilient. Reviewing the development history, it is not hard to discover that a series of core technologies such as Blade Battery, DM-i hybrid, Yi Si Fang, and Global Kilovolt High-Voltage Architecture. Every implementation drives a simultaneous rise in BYD's sales and market value.
Since the beginning of this year, BYD has continued to exert strength in the technology field, successively launching the second-generation Blade Battery, Flash Charge technology, and the industry's first 4-nanometer Xuanji A3 intelligent driving chip, continuously solidifying the technological barrier. In the field of intelligent driving, BYD's achievements are equally bright. Currently, the number of vehicles under the brand equipped with assisted driving functions has exceeded 3.15 million units, with daily intelligent driving travel data exceeding 200 million kilometers, and the intelligent driving R&D team size exceeds 5,000 people. Relying on the computing power cluster composed of three Xuanji A3 chips, the total vehicle computing power can reach 2,100 trillion operations per second, sufficient to support the operation of L3, L4 level high-order autonomous driving. Wang Chuanfu judged that with the help of artificial intelligence technology, the implementation speed of high-order autonomous driving will be faster than expected. BYD has completed full-chain technology reserves. Once relevant regulations are officially issued, it will launch compliant new cars immediately and promote global implementation synchronously. On the path of brand premiumization, BYD also insists on speaking with technology and products, abandoning flashy marketing, and winning the recognition of high-end consumers with hardcore strength. The increase in high-end model sales will also gradually solve the enterprise gross profit and single vehicle profit issues.
Faced with the status quo of sluggish growth in the domestic market, BYD chose to deepen internally and expand externally; the overseas market has already become a new growth pole. In May this year, BYD ended the trend of declining sales, with overall sales breaking through 380,000 units. Among them, overseas sales exceeded 160,000 units, a year-on-year surge of 80%. The high customer unit price in the overseas market effectively alleviated the profit pressure brought by the domestic price war. Currently, BYD's global production layout has been fully rolled out. Thailand and Indonesia factories take root in Southeast Asia, Brazil base deepens the Latin American market, Hungary factory lands in Europe, and Mexico base is also preparing intensively. The global map is gradually perfecting. Regarding charging support, BYD plans to build 20,000 Flash Charging Piles domestically this year, while launching European charging pile network construction, paving the way for the popularization of Flash Charge technology. The Denza Z9GT equipped with second-generation Blade Battery and Flash Charge technology landing in Europe has also further established the brand's high-end reputation.
Previously, BYD set a goal of 1.5 million overseas sales in 2026. Combining with the current market performance, Wang Chuanfu believes this goal is expected to be exceeded. Looking forward to the next three to five years, BYD is expected to maintain stable growth, relying on iteratively upgraded core technologies to achieve dual-wheel drive for domestic and international markets. According to the plan, by 2030, BYD is expected to become the world's largest automotive enterprise by scale. Adhering to the original intention of technology, exerting effort in the global market, this Chinese automotive enterprise is steadily moving towards the goal of "becoming the best company in the world".
