BYD Reports Record-Breaking Revenue of RMB 777.1 billion in 2024

Karachi: 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.BYD 2024 Financial Report – Key Operating DataTechnology-based, innovation-orientedAs 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” (天神之眼), 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.BYD Super e-PlatformFor more details, please check the official website of BYD Group and the Hong Kong EX News.https://www.bydglobal.com/en/InvestorNotice.htmlhttps://www.hkexnews.hk/index.htm Supplementary material：Key Group Events1. 【Lingyuan Smart In-car Drone System】【Overview】On March 2nd, BYD and DJI held a groundbreaking launch event at BYD’s headquarters in Shenzhen to unveil their innovative Lingyuan Smart In-car Drone System.【Technical Proposal】The Lingyuan Smart In-car Drone System is built on innovative architecture, high-performance hardware, and smart algorithms. It incorporates the world’s first smart landing pad solution, along with drone positioning modules, roof-mounted cameras, and custom dual-use handles. The Lingyuan System supports dynamic takeoffs and landings, one-touch return to the cabin, intelligent follow-me mode, and automatic fast charging. Additionally, with 30 preset shooting templates and intelligent algorithms, users can easily capture high-quality footage with just one touch, without the need for extensive manual operation. 2. 【God’s Eyes】【Overview】February 10, 2025 – BYD, the world’s leading manufacturer of new energy vehicles (NEV), released the groundbreaking DiPilot Advanced Intelligent Driving Assistance System (DiPilot System) at its headquarters in Shenzhen.【Technical Proposal】DiPilot 600: 3 LIDAR, 5 millimeter wave radar, 12 ultrasonic radar, and multiple cameras (including 2 front view cameras)DiPilot 300: 1-2 LIDAR (adjusted to model), 5 millimeter wave radar, 12 ultrasonic radar, camera configuration slightly lower than DiPilot 600DiPilot 100: No LIDAR, vision-only solution with 5 mm-wave radar, 12 cameras (including 3 front view trinocular cameras)The DiPilot System comprises three distinct versions, including DiPilot 600, featuring a triple-LiDAR setup, primarily applied to YANGWANG models; DiPilot 300, equipped with a single LiDAR unit, mainly employed in DENZA and selected BYD models; and DiPilot 100, utilizing a tri-camera setup, implemented across BYD models. 3. 【Super e-Platform】【Overview】BYD 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.【Technical Proposal】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.Charing Station: BYD has developed an industry-first, full liquid-cooled megawatt flash-charging terminal system that can deliver a maximum output of 1,360kW. And BYD plans to build over 4,000 megawatt flash-charging stations across China.Dual-gun charging：“dual-gun charging” technology can instantly upgrade fast chargers to ultra-fast chargers and superchargers to flash charger About BYDBYD 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 AutoFounded 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.