The name BYD is actually an acronym for the phrase “Build Your Dreams,” with the company’s headquarters based in Xi’an, Shaanxi, China. BYD was founded back in 2003, and has since risen to prominence within China’s automotive landscape with a number of its hybrid electric, plug-in hybrid and fully-electric vehicles.
BYD also produces a range of heavy-duty machinery, buses, trucks and even electric bicycles for the Chinese market, and is hoping to expand its global footprint.