Who Owns Denza?

What does BYD own?
BYD Company Limited owns BYD Auto, the world's largest new energy vehicle manufacturer, as well as BYD Electronics, a contract electronics manufacturer serving major smartphone brands. The company also controls FinDreams Battery, a lithium iron phosphate battery supplier to third-party automakers, BYD Semiconductor, a power electronics manufacturer, and BYD's commercial vehicle divisions producing electric buses and trucks. The Denza premium vehicle brand is operated as a joint venture with Mercedes-Benz.

Is BYD publicly traded?
Yes, BYD Company Limited is listed on two stock exchanges. The company's H-shares trade on the Hong Kong Stock Exchange under ticker 1211, and its A-shares trade on the Shenzhen Stock Exchange under ticker 002594. BYD Electronics (International) Co., Ltd., a subsidiary handling mobile handset components, is separately listed on the Hong Kong Stock Exchange.

Who founded BYD?
BYD was founded by Wang Chuanfu and Lu Xiangyang on 10 February 1995 in Shenzhen, China. Wang Chuanfu, who was 29 years old at the time, had previously worked as a researcher at the Beijing Nonferrous Research Institute and identified an opportunity in rechargeable battery manufacturing as Japanese companies shifted to higher-value battery chemistries. Wang continues to serve as chairman and president of BYD as of 2026.

Where is BYD headquartered?
BYD is headquartered in Shenzhen, Guangdong Province, China. The company's main campus is located in the Pingshan District of Shenzhen, which houses its primary vehicle manufacturing, battery production, and research and development operations. BYD also operates manufacturing facilities across multiple Chinese provinces as well as in Thailand, Uzbekistan, Brazil, Hungary, Turkey, and Indonesia.

How many brands does BYD own?
BYD operates approximately six automotive brands: the core BYD brand for mass-market vehicles, Denza for the premium segment (as a joint venture with Mercedes-Benz), Yangwang for ultra-luxury electric vehicles, and Fangchengbao for rugged off-road electric vehicles. The company also operates BYD Electric Bus and BYD Trucks as distinct commercial vehicle brands. Within the BYD passenger car lineup, there are numerous model sub-brands including Han, Tang, Song, Seal, and Atto.

Who owns BYD?
BYD Company Limited is a publicly listed company with no single controlling shareholder holding a majority stake. Wang Chuanfu, the founder and chairman, holds a significant personal stake in the company. Berkshire Hathaway, which had held approximately 6.9% of BYD as of June 2024, fully divested its position by September 2025 after a 17-year investment that generated a return of approximately 3,890%. The remaining shares are held by institutional investors and public shareholders.

What is BYD's revenue?
BYD reported total revenues of approximately 777 billion yuan in FY2024, with the automotive segment contributing approximately 617 billion yuan, or 79% of the total. In the second quarter of 2025, BYD's net profit fell 29.9% year-over-year to 6.4 billion yuan, reflecting domestic pricing pressure in the Chinese NEV market. The company's annual revenue has grown substantially from approximately 216 billion yuan in FY2020, reflecting the rapid expansion of its automotive business.

Has BYD faced regulatory action in international markets?
Yes. In October 2024, the European Commission imposed additional tariffs on BYD vehicles imported from China following an anti-subsidy investigation, with BYD receiving a tariff rate of approximately 17.4% on top of the existing 10% import duty. In the United States, BYD's electric bus subsidiary has faced restrictions on the use of federal transit funding following the company's designation as a company of concern by the US Department of Defense. BYD has contested these designations and continues to operate a manufacturing facility in Lancaster, California.