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Business · Updated 29 Oct, 06:11 am IST

BYD now employs 1.02 million people, surpassing major automakers combined

Image: Electrek

Why it matters for readers: Explains why BYD has a very large workforce and how it ties to making its own batteries and chips.

  • BYD said it now has over 1.02 million employees, up from about 869,600 at the start of the year.1
  • Approximately 960,000 BYD employees are based in China and about 60,000 work overseas.1
  • BYD reported up to 120,000 R&D engineers working on batteries, motors, electronic controls and semiconductors.1
  • Chairman Wang Chuanfu credited vertical integration — keeping batteries, chips and motors in‑house — for the company’s growth.1
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