Chinese brand value evaluation is announced! BYD ranked No. 1 in automobiles and accessories, valued at 105.186 billion yuan

On May 11th, Xinhua News Agency, China Brand Building Promotion Association, China Asset Appraisal Association and other organizations jointly released "2024 China Brand Value Evaluation Information" in Deqing, Zhejiang Province. BYD once again handed out a shining business card, BYD with a brand value of 105.186 billion yuan, ranked first in the field of automobiles and accessories.

It is reported that China Brand Building Promotion Association is subordinate to the State Administration of Market Supervision and Administration, is the former General Administration of Quality Supervision, Inspection and Quarantine (now the State Administration of Market Supervision and Administration), the State Ministry of Finance, the Ministry of Industry and Information Technology, the China Council for the Promotion of International Trade, the CCTV and other five units jointly initiated by the State Council agreed to by the Ministry of Civil Affairs to approve the only engaged in the work of branding of the national social organizations, 2024 participated in the evaluation of the brand The number of brands participating in the evaluation in 2024 reaches 1,034, covering leading enterprises in most industries.

BYD has been practicing the mission and responsibility of upward mobility of Chinese auto brands with practical actions. In the past year, BYD's annual sales volume exceeded 3 million units, won the global sales champion of new energy vehicles, became the first Chinese automobile brand to enter the top 10 in global sales volume, and was honored on the BrandFinance list of the world's most valuable automobile brands for three consecutive years as the No. 1 Chinese automobile brand, which highlights the power of Chinese automobiles in the world.

Behind the dazzling achievements is BYD's deep plowing accumulation in the field of new energy vehicles. Adhering to the development concept of "technology is king, innovation is the foundation", BYD has continuously increased its investment in research and development (R&D), which will reach nearly 40 billion yuan in 2023, with more than 102,800 R&D personnel, making BYD the automobile enterprise with the largest number of R&D personnel in the world, leading the transformation of global new energy vehicles with innovation. With innovation, BYD is leading the change of new energy vehicles in the world. Awesome.