BYD, a leading name in new energy vehicles (NEVs), continues to set new benchmarks in the automotive industry. At the China Innovation and Technology Festival on December 29, Wang Chuanfu, Founder and Chairman of BYD, announced remarkable milestones, underscoring the company’s dominance in research and development (R&D) and its rapid workforce expansion.
Industry-Leading Workforce and R&D Investment
BYD now boasts nearly one million employees, supported by 11 major research institutes and 110,000 engineers. This makes it the global leader in automotive R&D personnel. The company files an impressive 32 patents daily, reflecting its commitment to innovation.
Since 2011, BYD has grown its engineering team from 20,000 to nearly 110,000. The company significantly ramped up hiring in recent years, doubling its workforce from 280,000 in 2021 to approximately 570,000 in 2022, and nearly a million employees in 2024. Notably, a large portion of this expansion is in production and R&D roles, with over 50,000 fresh graduates recruited in the past three years. Nearly 70% of this year’s recruits hold Master’s or Doctoral degrees, with 80% joining R&D teams.