How Did BYD Get Its Name?

The Origin of BYD's Name: A Brief History

BYD (Chinese name:比亚迪, Chinese pinyin: biyadi) was originally named Yadi Electronics (at that time, to facilitate the company registration process more quickly, they named the company "Yadi Electronics."), and was founded in Yadi Village, Shenzhen City, China. Later, in response to the need to participate in exhibitions and other commercial promotions, the company added "Chinese name: 比, Chinese pinyin: Bi" before its original name to ensure it appeared at the top of the exhibitions list.

In an interview, BYD's founder Wang Chuanfu said he chose the name BYD because it was faster to register than any other possible option (When asked about the early days of BYD, founder Wang Chuanfu said, "It was very difficult, and we didn't know if we company would survive."). Although the company later used the initials for commercial purposes, which means "Build Your Dream," many local consumers dismissed the name (BYD) as mediocre and unclassy due to its homophonic pronunciation.

The name BYD has been quite controversial since the company entered the automobile industry in 2003 and appeared in the vision of mass consumers. At one point, BYD was regarded as a synonym for low quality and low price. However, after more than 20 years of development, the name BYD has become a prominent name card in the field of electric vehicles because the company has grown into an auto giant with annual revenue exceeding 200 billion yuan and a market value of 1 trillion yuan.

Today, BYD stands for "Build Your Dreams" and is the world's leading electric vehicle company, with proven innovative technology for cars, buses, trucks, and rail systems. The name represents the company's technological innovation in meeting people's yearning for a better life.