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BYD history BYD Company Limited was founded in 1995 by Wang Chuanfu in Shenzhen, China. The company initially focused on developing and manufacturing rechargeable batteries, but it soon expanded into other fields. In 2003, it entered the automotive industry and became the leading domestic automotive manufacturer in China. It has since become a major global player in the auto industry, producing electric vehicles, plug–in hybrid vehicles, and gasoline–powered vehicles. The company has also expanded into the fields of solar energy and mobile phones. In addition, it has developed several green technologies, including batteries, solar panels, and electric vehicles.