BYD Co., Ltd. (hereinafter referred to as “BYD”) was established in February 1995, headquartered in Shenzhen, Guangdong Province. Its business spans four major industries, i.e., automobile, electronics, renewable energy, and rail transit. It is among the Fortune 500 companies, and listed both on Hong Kong and Shenzhen Stock Exchanges. As of now, BYD has applied for more than 48 thousand patents, and obtained more than 30 thousand authorized patents worldwide. In 2023, BYD’s revenue reached CNY 602.320 billion, rose 42.0% compared with the previous year. In the first half of 2024, BYD’s revenue was CNY 301.1 billion, a 15.8% increase year-on-year. BYD shoulders the responsibilities and duties of the era, firmly embraces the tides of automobile electrification and intelligence, and establishes itself as the leader of new energy vehicles in China and the world, as to pave a road of green innovation and development. BYD has mastered the core technologies for the whole industry chain of new energy vehicles in terms of battery, motors, and controllers. Carving a path from independent innovation to all-round and open-minded innovation, BYD keeps leading the accelerated reform of new energy vehicles. Through years of strenuous efforts, BYD has seized unprecedented growth opportunities with its groundbreaking technologies like Blade Battery, DM-i Super Hybrid System, e-Platform 3.0, CTB Technologies, e4 Platform, DiSus Intelligent Control System, and DMO Super Hybrid System. In 2023, BYD delivered 3,024,000 new energy vehicles, with a year-on-year surge of 68%, and won the global new energy vehicle sales championship, creating a miracle in the world’s automotive industry. From January to Septembert of 2024, BYD cumulatively sold 2,748,000 new energy vehicles, making a year-on-year growth of 32%. The operating footprints of BYD new energy vehicles have covered more than 400 cities in more than 90 countries and regions around the world.