BYD (Build Your Dreams) is a Chinese brand of Automobile which also has its presence here in the Philippines. Despite being in the industry for 14 years, the BYD brand has already been known to the automobile market because it's considered a competitor to the American brand of car, Tesla which also specializes in making electric vehicles.
The BYD Auto Co. Ltd. is established in 2003 after the company has acquired the Tsinchuan Automobile Company in 2002. It is engaged in the manufacturing, designing, and marketing of cars, buses, forklifts, rechargeable batteries being sold under the brand BYD. It has achieved high rankings of J.D Power Quality Study and awarded the Top Crash Facility Award. The company has also 50:50 joint venture with Daimler AG., developing luxury electric automobiles under the Denza brand.
The Chinese manufactured more than 500 thousand passenger cars in 2013 which makes it to be the tenth-biggest-selling brand. It surpassed the Luxgen for being the world's electric vehicle brand. The BYD car brand became the second all-time biggest electric vehicle manufacturer ahead of Luxgen in 2016.
The BYD Auto Co. Ltd. has different range of cars which includes small and medium-sized cars, small compacts, passenger cars, and small sedans. It is composed of Hybrid electric vehicles and all-electric models.
BYD has manufacturing plants in Xi'an, a Research and Development center and a production plant in Shenzhen. They also have manufacturing plants based in Changsha and Shaoguan, and another R & D center and parts plant in Shanghai.
The BYD has also a presence in Russia as the BYD F3 models are assembled there by the TagAZ Company. They are also assembling 1000 cars yearly in Betret International Plc. And has produced some car models in Iraq since 2009. They opened a manufacturing plant of electric buses in North American in May 2013.
BYD Philippines markets its products through the Solar Transport Automotive Resources Corp. (STAR Corp.), a Filipino owned company which is the authorized Philippine distributor of BYD Auto China. Ltd. Co. Major BYD dealership showrooms are based in Mandaluyong City, Batangas City, and Cebu City.