BYD is an acronym for “Build Your Dreams.” Its own dream began with rechargeable batteries, which BYD made for smartphone makers. That led to bigger batteries—powerful enough to be used in cars. In 2008, Warren Buffett’s Berkshire Hathaway took an 8.25% stake in BYD: That stake is now worth roughly $1.5 billion, and BYD has become the world’s top seller of electric vehicles themselves, shipping 108,000 units last year. BYD plans to sell batteries to other EV makers before the year is out, and is partnering with Baidu to build autonomous vehicles.
|HQ Location||Shenzhen, China|
|Revenues ($M) (Past 12 Months)||$17,446|
|Profits ($M) (Past 12 Months)||$434|
|Market Value as of Oct. 10, 2018 ($M)||$17,854|