1、2024ANNUAL REPORT 2024年報BYD Company Limited(“BYD”or the“Company”together with its subsidiaries,the“Group”;stock code:H shares:01211(HKD counter);81211(RMB counter);A shares:002594)is principally engaged in automobile business which mainly includes new energy vehicles,handset components and assembly

2、services,rechargeable batteries and photovoltaics business.Meanwhile,with its technological advantage,the Group actively develops urban rail transportation business segment.As a pioneer and leader in the global new energy vehicle industry,relying on its strong technological accumulation in the key f

3、ields of automobile electrification and intelligence,and through continuous technological innovation,the Group has developed its long-term and sustainable core competitive advantages which solidified the leading position of the Group in the global new energy vehicle industry and accelerated the tran

4、sformation and upgrade of the global automobile industry.BYD is one of the leading rechargeable battery manufacturers in the world.As to the field of consumer batteries,the Groups li-ion batteries are widely used in various consumer electronics products and new intelligent products.As to the field o

5、f power batteries,the Group has developed“Blade Batteries”,the highly safe LFP batteries,to better meet the urgent demand of safety in the market,and to speed up the pace of LFP batteries returning to the mainstream market of power batteries,thereby boosting the steady and long-term development of t

6、he global new energy vehicle industry.As to the field of energy storage batteries,the Group focuses on applications such as power-side energy storage,power grid energy storage,industrial and commercial energy storage and household energy storage to provide cleaner and more sustainable energy storage