Qinchuan BYD is not interesting, but BYD and Qinchuan have a deep connection.
BYD Co., Ltd. started out as a battery manufacturer, but later due to BYD's strategic needs - entering the automotive field (the ultimate goal is to build new energy vehicles), it happened to be Qinchuan, an old military enterprise. Due to financial problems that have always plagued the development of the company, it has suffered losses year after year. At this time, BYD was planning to enter the automobile industry and was looking for domestic automobile companies. It was also very optimistic about Xi'an's industrial foundation, investment environment, supporting facilities, human resources, etc., and also happened to notice that Qinchuan Automobile was a good carrier. , and also received support from the local government in Xi'an, so the three parties hit it off immediately. In 2003, BYD acquired Xi'an Qinchuan Automobile Factory, officially entering the field of automobile manufacturing and sales, and successively established BYD Auto Sales Co., Ltd. and BYD Auto Industry Co., Ltd.
Later, after BYD stabilized the development of the fuel vehicle market, it began to get involved in the new energy vehicle industry. In 2006, it launched BYD's first new energy vehicle F3DM (F3DM is also the world's first DM dual-mode model) , this is a milestone in the development of new energy vehicles in China. China took the lead in subverting the powertrain of traditional fuel vehicles, allowing China to stand on the same starting line as other automotive powers (at that time, there were only two new energy vehicle companies in the world, except BYD. It is the Tesla of the United States). Not only that, BYD's new energy vehicles have led the world for four consecutive years. So far, BYD's new energy vehicle sales have been the champion in China for eight consecutive years, becoming the leader of new energy vehicles.