BYD: BYD has applied for more than 48,000 patents worldwide

According to recent news, BYD released an announcement on the "Double Improvement of Quality and Return" action plan, which shows that it has applied for more than 48,000 patents worldwide, with an average of 27 patent applications per day.

In the announcement, BYD stated that the company has always adhered to the development concept of "technology is king, innovation is the basis", and has always maintained high-intensity investment in technological research and development. As of the date of disclosure of this announcement, the company has more than 90,000 R&D engineers.

The company has applied for over 48,000 patents and authorized over 30,000 patents worldwide, with an average of 27 patent applications and 15 patents authorized every day, and has won four patent gold awards.

In the automotive field, the company has completed full coverage from vehicle technology to upstream core components such as batteries, motors, and electronic controls, and even vertical integration of upstream automotive semiconductors, building a complete industrial ecosystem covering the upstream and downstream of the industrial chain.

At the same time, BYD also stated that BYD's new energy vehicle sales hit a new historical high in 2023, ranking first in China's new energy vehicle sales for 11 consecutive years, further consolidating its leading position in the world's new energy vehicle sales.

In terms of high-end brands, the BYD D9, with an average unit price of more than RMB 400,000 in 2023, has won the sales championship of new energy MPVs for many consecutive months.

The Yangwang U8 will start delivery in November 2023. After ranking among the top million-class luxury cars in the world with sales of 1,593 units in the first full delivery month, it will continue to rank first in sales of million-class new energy SUVs with monthly sales of 1,652 units in January 2024, becoming the new flagship of domestic automobiles.

The hot sales of the above high-end luxury brand models have significantly increased the company's profitability and greatly enhanced the company's brand image.

Zikuai Technology