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Auto Talk Magazine In-depth Report | On July 28, 2026, the 2026 Fortune Global 500 list was officially released. BYD successfully made the list for the fifth consecutive year, ranking 91st, continuously solidifying its seat among the global top 100 enterprises.
This ranking is not only a direct testament to BYD's operating scale and comprehensive strength, but also an iconic snapshot of the Chinese new energy vehicle industry moving to the center of the global stage. Relying on continuously leading market sales, long-term high-intensity R&D investment, and a steadily advancing global layout, BYD has grown into an indispensable core force in the global new energy vehicle sector.
Operating data outlines BYD's steady upward development curve. In 2025, BYD's full-year revenue reached 804 billion yuan, with a net profit of 32.6 billion yuan; New energy vehicle full-year sales reached 4.6 million units, securing both the global new energy vehicle sales champion and Chinese automaker sales champion titles at once.
Entering 2026, the growth momentum continues, with cumulative sales in the first half of the year exceeding 1.8 million units.
In July, BYD reached a historic milestone, with the brand's 17 millionth new energy vehicle officially rolling off the production line, becoming the first automaker in the world to achieve this milestone.
Behind the continuous breakthrough in production and sales scale lies a competitive moat built by a complete product matrix, a mature manufacturing system, and continuously iterated product capabilities.
For a long time, BYD has adhered to the core development philosophy of "Technology is King, Innovation is Fundamental", continuously placing R&D investment in a strategic priority position, building unreplicable technical barriers.
In 2025, BYD's R&D investment reached a high of 63.4 billion yuan, a 17% year-on-year increase, ranking first among A-share listed companies for two consecutive years; In Q1 2026, R&D investment was 11.3 billion yuan, significantly ahead of domestic mainstream automakers and top new energy brands. As of now, the company's cumulative R&D investment has exceeded 250 billion yuan.
Continuous capital investment is driving frontier technologies to accelerate from the laboratory to mass production.
In March 2026, BYD officially launched the second-generation Blade Battery and Supercharge technology, simultaneously announcing a massive charging network construction plan, striving to build 20,000 Supercharge stations domestically by the end of the year, and simultaneously laying out 6,000 Supercharge stations overseas, alleviating new energy users' charging anxiety from the root.
In May of the same year, BYD was the first to propose an industry commitment for one-year city navigation safety backup, announcing that all models can be equipped with the "God's Eye B" assisted driving laser version, lowering the threshold for high-level intelligent driving usage, and promoting the arrival of the era of nationwide city navigation. From power batteries and high-voltage charging technology to high-level intelligent driving, BYD has achieved autonomous control of core technologies, carving out a development path of self-research, self-manufacturing, and technology inclusivity.
The overseas market is becoming BYD's second growth curve. In 2025, BYD's overseas sales broke through 1 million units for the first time, a 145% surge year-on-year; In the first half of 2026, overseas sales continued an upward trend, exceeding 780,000 units. Nowadays, BYD's overseas strategy has taken shape, forming a clear pattern of "Leading in Latin America, Breaking through in Europe, Blossoming at Multiple Points in Asia-Pacific".
The first overseas SkyRail line in Brazil opened for traffic, and the 100,000th new energy vehicle rolled off the production line at the Brazil factory; Denza Z, Z9GT, D9 landed in the European market, launching the influence of Chinese high-end new energy brands; The model Sea Otter (BYD RACCO) built specifically for the overseas market landed in Japan; The Thailand factory welcomed its second anniversary of production.
As of now, BYD's business map has expanded to 121 countries and regions globally. Globalization is no longer limited to simple product exports, shifting towards a high-quality deep-plowing model of local production, local operations, and local R&D.
Beyond business growth, BYD continues to practice green development and corporate social responsibility. At the sustainable development level, as of June 30, BYD new energy vehicles have cumulatively reduced carbon emissions by 149 million tons compared to traditional fuel vehicles in energy production and usage links, equivalent to planting 2.48 billion trees, continuously helping the global carbon neutrality process.
In the field of education and public welfare, BYD established a 3 billion yuan education charity fund, established donation cooperation with 127 universities nationwide, encouraged over 6,000 young scholars to grow, feeding back industrial strength to social development, practicing corporate long-term value.
As a global new energy vehicle leader, BYD holds a steady seat in the global Top 100 of the Fortune 500, which is the inevitable result of decades of adhering to independent innovation and firmly promoting the globalization strategy.
Looking towards the future, BYD will continue to practice sustainable development goals, relying on frontier technology and a perfect global industrial layout, continuing to move forward towards the vision of "Lowering the Earth's Temperature by 1°C".
In-depth Commentary
BYD holding a firm seat in the Fortune 500 Top 100 for five consecutive years essentially verifies a development paradigm belonging to Chinese new energy automakers: adhering to long-termist technology investment, feeding back innovation with scale effects, and relying on whole industry chain advantages to balance deep cultivation of the domestic market and globalization expansion.
Unlike some automakers chasing traffic and capital dividends in the short term, BYD continues R&D investment at the level of tens of billions of yuan, building an integrated ecosystem of batteries, vehicles, intelligent driving, and energy infrastructure, breaking dependence on external core components, which is also its core confidence to continuously withstand industry cycle fluctuations.
Looking at the global automotive industry landscape, the pace of electrification transformation of traditional multinational automakers has slowed down, and the center of competition in the new energy track is accelerating transfer to Chinese enterprises. BYD's globalization has bid farewell to the primary stage of low-price exports, turning towards product customization, overseas factory building, and energy network collaborative layout, completing the leap from "Product Export" to "System Export". At the same time, we must see that overseas market trade barriers, local brand competition, and local policy differences are still long-term challenges.
In the long run, BYD's development story has long transcended the scope of a single enterprise and become a typical sample of China's manufacturing industry transformation and upgrading. The competition in the new energy vehicle industry has extended from single product competition to a comprehensive contest of technology, energy infrastructure, globalization operations, and sustainable concepts.
Continuously maintaining R&D determination, balancing domestic and international market rhythms, and continuously improving the green industry ecosystem, BYD is expected to continuously consolidate its status as a global new energy vehicle leader, continuously promoting the Chinese automotive industry to achieve a leap from "Automotive Giant" to "Automotive Powerhouse".
