BYD, the global leader in new energy vehicles (NEVs), has released its 2024 financial report, showcasing record-breaking achievements across key performance indicators. The company reported a revenue of RMB 777.1 billion, marking a 29% year-on-year increase, while net profit attributable to shareholders surged 34% to RMB 40.25 billion.
In addition, BYD’s research and development (R&D) investments reached an unprecedented RMB 54.2 billion, a 36% increase from the previous year, bringing the company’s total R&D expenditure to over RMB 180 billion. The company also made a record tax contribution of RMB 51 billion in China, reinforcing its role as a major economic driver. Strengthening its financial stability, BYD reported cash reserves of RMB 154.9 billion.
Leading Through Innovation: BYD’s Technological Breakthroughs
With a focus on innovation, BYD averaged 45 patent applications and 20 patent licenses per working day in 2024. The company also introduced the “Integrated Vehicle Intelligence” strategy, ensuring a seamless integration of electrification and smart technologies. Its cutting-edge DiPilot Advanced Intelligent Driving Assistance System now offers nationwide mapless city navigation, placing BYD among the top players in autonomous driving.
Key Technological Milestones
Lingyuan Smart In-car Drone System
On March 2, 2025, BYD and DJI unveiled the Lingyuan Smart In-car Drone System, a revolutionary in-car drone solution. Equipped with an intelligent landing pad, high-performance hardware, and AI-driven flight controls, the system allows for dynamic takeoffs and landings, automatic fast charging, and intelligent tracking. Users can capture high-quality footage effortlessly using 30 preset shooting modes, setting a new benchmark for smart in-car drone technology.
DiPilot: The Future of Autonomous Driving
On February 10, 2025, BYD introduced its latest DiPilot Advanced Intelligent Driving Assistance System, comprising three versions:
- DiPilot 600 – Equipped with three LiDAR sensors, five millimeter-wave radars, and 12 ultrasonic radars, primarily used in YANGWANG models.
- DiPilot 300 – Featuring a single LiDAR sensor and slightly reduced camera configuration, used in DENZA and select BYD models.
- DiPilot 100 – A vision-only solution relying on advanced cameras and five millimeter-wave radars, implemented across BYD’s vehicle lineup.
These developments solidify BYD’s position as a leader in intelligent driving solutions.
Super e-Platform: A New Era in EV Charging
In a groundbreaking move, BYD introduced the Super e-Platform, setting a new world record for fast-charging technology. With a peak charging power of 1 megawatt (1,000kW), the platform enables an ultra-fast charge that adds 400 kilometers of driving range in just five minutes.
Additional Features:
- Full Liquid-Cooled Megawatt Flash-Charging Terminals: BYD has developed industry-first charging stations capable of delivering 1,360kW output, with plans to build over 4,000 flash-charging stations across China.
- Dual-Gun Charging Technology: This innovation upgrades standard fast chargers to ultra-fast chargers instantly, addressing range anxiety and setting a new benchmark in the EV industry.
With its record financial growth and relentless drive for innovation, BYD continues to push the boundaries of electric mobility and intelligent vehicle technology. The company remains committed to shaping the future of transportation through groundbreaking advancements that enhance efficiency, sustainability, and user experience.
