BYD stands for Build Your Dreams – and among BYD’s many dreams is being the no.1 company for solar battery storage.
Situated in China, BYD has an impressive pedigree. Founded back in 1995 and listed on the Hong Kong Stock Exchange in 2002, it started out as a battery manufacturer and entered the automobile sector in 2003. That’s the opposite of Tesla, which started out on electric vehicles and then moved into solar battery storage.
The USD $110 billion dollar company has built many of the million plus electric buses running around China (and many used elsewhere) – so it’s had plenty of practice in developing EV and battery technology that gets a good workout. While many Australians may not have heard of the company, it’s also one of the world’s largest lithium-ion battery manufacturers.
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