BYD Exceeds 900,000 Employees, Tops A-Share Listed Companies

On September 13, 2024, Chinese media Tencent reported that BYD, a major electric vehicle (EV) company, has surpassed 900,000 employees, the highest among the more than 5,300 A-share listed companies.

According to Li Yunfei, head of BYD’s brand and public relations department, the company’s total employee base has exceeded 900,000, with a lead of over 400,000 over the second-place company. Li posted on the company’s official Weibo account, “Of the 900,000, approximately 110,000 are in the technical research and development department, which is also the highest number among all automakers in the world.”

BYD Group has multiple divisions, including automobiles, batteries, and electronics. The automobile division has performed particularly well in recent years, with the company’s total employee base exceeding 700,000 as of December last year. The research and development department hired 33,000 new employees, bringing the total number of people in that department to over 100,000.

Chinese Internet users responded to Li’s post with comments such as, “BYD has 900,000 employees, which means that many families can live,” and “The research and development power behind the scenes, with 110,000 research staff, is truly formidable.” Others praised the company’s impact on the industry and the lives of its employees.

BYD’s growth and success have been driven by its commitment to innovation and research and development. With over 110,000 research staff, the company is well-positioned to continue leading the electric vehicle industry and driving technological advancements.