BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved a revenue of RMB 777.1 billion, representing a 29% year-on-year increase, and a net profit attributable to shareholders of RMB 40.25 billion, marking a 34% year-on-year growth. R&D investment reached RMB 54.2 billion, up 36% year-on-year, setting a new record and bringing the company’s total R&D investment to over RMB 180 billion. The total domestic tax contribution reached RMB 51 billion, also a record high. Cash reserves hit a record-breaking RMB 154.9 billion, further strengthening the company’s financial stability.

As of 31 December 2024, the Group averaged 45 patent applications and 20 patent licenses per working day.

During the year, the Group successively unveiled a series of groundbreaking technologies, setting the trend for industry development.

At the beginning of the year, the Group introduced its new intelligence strategy, “Integrated Vehicle Intelligence,” achieving efficient integration of electrification and intelligence. The advanced intelligent driving assistance system, literally known as “DiPilot Advanced Intelligent Driving Assistance System”, was also formally equipped with the mapless city navigation function nationwide, solidifying its position in the top tier of advanced intelligent driving. In March, the “Super e-Platform” technology was released. The platform achieves a charging power of one megawatt (1,000kW), the highest peak charging speed for mass-production vehicles.

For more details, please check the official website of BYD Group and the Hong Kong EX News.
https://www.bydglobal.com/en/InvestorNotice.html
https://www.hkexnews.hk/index.htm

• Latest tech breakthrough can add two kilometres of range per second
• 1,000V vehicle architecture matches refill speeds of gasoline cars
• Self-developed BYD charging stations with maximum output of 1,360kW

Karachi, March 21, 2025 –  BYD, the world’s leading manufacturer of new-energy vehicles, has unveiled a revolutionary new electric-vehicle platform that promises to end charging anxiety by matching the refuelling speeds of combustion-engined vehicles. Called Super e-Platform, the new architecture introduces a number of groundbreaking technologies that set world records in the mass-produced electric-vehicle ecosystem.

The Super e-Platform’s core electric components – motor, electronic control and battery – have all been comprehensively upgraded compared with existing configurations. The platform achieves a charging power of one megawatt (1,000kW), the highest peak charging speed for mass-production vehicles. In practical terms, this means that Super e-Platform can add two kilometres of range per second, and the world’s fastest mass-production charging speed: a five-minute flash charge for 400 kilometres of driving range.

The architecture features a single power-motor output of 580kW, delivering a top speed in its two initial models, the China-market HAN L and TANG L, of more than 300 km/h. This high top speed and rapid acceleration are achieved through a new motor that’s capable of running at up to 30,000rpm – another new mass-production benchmark.

At the launch event in Shenzhen, Wang Chuanfu, Chairman and President of BYD Group, said the new technology would help to wipe out the biggest remaining ‘pain point’ for electric-vehicle users. He commented: “To completely eliminate users’ charging anxiety, our goal is to make EV charging as fast as refueling a gasoline car – achieving ‘oil-electric parity’ in charging speed.”

For this parity to be realised, charging needs to combine both ultra-high voltage and high current. Super e-Platform is the world’s first mass-produced passenger car platform to feature an “all-domain kilovolt high-voltage architecture”, while enabling kilovolt-level capacity across the battery, motor, power supply and air conditioning.

The Super e-Platform also introduces BYD’s ‘Flash Charging Battery’, which features an ultra-fast ion channel from the battery’s anode to cathode for a maximum charging current of 1,000A and a maximum charging rate of 10C – both mass-production benchmarks.

 To support these rates, BYD has developed and mass-produced a new generation of automotive-grade silicon carbide (SiC) power chip with a voltage rating of up to 1,500V – the industry’s first mass-produced SiC power chip, with the highest voltage rating to date.

Megawatt charging needs megawatt chargers

The new ultra-rapid charging technology requires advanced charging stations to operate at its full capacity. So BYD Executive Vice President and President of Auto Engineering Research Institute Lian Yubo announced at the same launch event that BYD has developed an industry-first, full liquid-cooled megawatt flash-charging terminal system that can deliver a maximum output of 1,360kW.

Looking ahead, BYD plans to build over 4,000 megawatt flash-charging stations across China. But in addition to its own stations, BYD has also developed innovative “dual-gun charging” technology that can instantly upgrade fast chargers to ultra-fast chargers and superchargers to flash chargers. This “intelligent boost” technology, another world first, ensures compatibility with public charging stations, enabling convenient charging in a huge variety of locations.

 BYD believes that this interaction with existing infrastructure, combined with the self-developed flash charging terminals and the ground-breaking Super e-Platform itself, redefines electric mobility, reinforcing China’s leadership in global electrification technology.

About BYD

BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 88 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known as a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world. For more information, please visit www.bydglobal.com.

About BYD Auto

Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, and electronic controllers. In recent years, it has achieved significant technological advancements, including the Blade Battery, DM-i Super Hybrid Technology, e-Platform 3.0, CTB Technology, e⁴ Platform, BYD DiSus Intelligent Body Control System, and DMO super hybrid platform. The company is the world’s first carmaker to stop the production of fossil-fueled vehicles in favor of electric vehicles and has remained the top seller of new energy passenger vehicles in China for 11 consecutive years.