Are Geely and BYD the same company?

Introduction Are Geely and BYD the same company? Zhejiang Geely Holding Group Co., Ltd. is one of the ten largest companies in China's automobile industry. Since entering the sedan field in 1997, it has relied on its flexible operating mechanism to operate.

Are Geely and BYD the same company?

No Zhejiang Geely Holding Group Co., Ltd. is one of the ten largest companies in China's automobile industry. Since entering the sedan field in 1997, it has experienced rapid development with its flexible operating mechanism and continuous independent innovation, with full autonomy. assets exceeding 14 billion yuan. It has entered the top 500 Chinese enterprises for six consecutive years and the top ten in China's automobile industry for four consecutive years. It has been ranked as the first group of domestic "innovative enterprises" and the first group of "domestic automobile export enterprises". ". It is one of "China's automobile industries in 50 years". The enterprise with the fastest development speed and best growth.

The group is headquartered in Hangzhou and owns six vehicle and powertrain manufacturing bases in Linhai, Ningbo, Luqiao, Shanghai, Lanzhou and Xiangtan in Zhejiang, with an annual output of 300,000 vehicles, 30 Production capacity of 10,000 vehicles. engines and transmissions. Currently, it offers eight complete vehicle series with more than 30 varieties, including Geely Freeship, Geely King Kong, Geely Vision, Geely Panda, Shanghai Huapu and China Dragon; it offers eight engine series from 1.0L to 1.8L and eight engine series; manual and automatic transmissions. All of the above products have passed the national 3C certification and meet Euro III emission standards, and some products have reached Euro IV standards. Geely owns all intellectual property rights of the above products. BYD Co., Ltd. was founded in 1995. It started with more than 20 people. In just ten years, it has quickly become a world-class computer and electronic component manufacturing company. the world and is connu as he is the “manufacturing gene carrier”, “international OEM emperor” and “hidden champion of the OEM world”. In 2002, BYD was listed on the Hong Kong Stock Exchange, setting a record for the highest issue price of 54 H shares. In 2003, BYD became the world's second largest manufacturer of rechargeable batteries. In 2006, BYD was selected as one of the world's top 100 emerging companies. Today, BYD has more than 130,000 employees worldwide, and the company's market value has exceeded 50 billion Hong Kong dollars. At present, BYD's computer and electronic parts industry covers all mobile phone parts and assembly businesses.

BYD Auto – a direct subsidiary of BYD Co., Ltd. In 2003, BYD officially acquired Shaanxi Qinchuan Automobile Co., Ltd., formed BYD Auto, entered the field of automobile manufacturing and sales, and began the development journey.ment of independent national brand automobiles. BYD Auto adheres to the development model of independent research and development, independent brands and independent development. Its product goal is to “make world-class cars” and its industrial goal is to “build a world-class domestic automobile brand”. is committed to revitalizing the domestic automobile industry. At present, BYD has built four major industrial bases in Xi'an, Beijing, Shenzhen and Shanghai. It has reached the international leading level in vehicle manufacturing, mold development, model research and development, etc., and its industrial structure is gradually improving. . BYD Auto has built a first-class R&D center in Shanghai, with an automobile R&D team of more than 3,000 people, and obtains more than 500 national R&D patents every year. A premium sedan production line1st international level was built in Xi'an, with a total production capacity of 200,000 vehicles. A modern automobile city will be built in Shenzhen, with a total production capacity of 300,000 vehicles, and a second R&D center will be built to become BYD Auto's production base for mid- and high-end vehicles. Beijing mold manufacturing center has formed a professional and large-scale mold industry model, manufacturing vehicle molds for world-famous automobile brands.

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