On March 27, Byd Company Limited issued its 2025 Sustainability Report, providing a comprehensive and systematic disclosure of the company's strategic plans, practical achievements, and long-term commitments in the areas of Environment, Social, and Governance (ESG). In 2025, the company introduced its DREAMS sustainability framework, built upon six core pillars: Green and Low-Carbon, Innovation and Transformation, Equal Opportunity, Collaborative Partnership, Integrity and Compliance, and Value Sharing. Concurrently, Byd Company Limited achieved an upgrade to an AA rating in the MSCI ESG assessment and saw its S&P Global ESG Score rise to 60 points, positioning it among the leading cohort of Chinese enterprises. The company also received numerous domestic and international ESG accolades, including a spot on the Forbes China 50 list and recognition for outstanding sustainable development practices among listed companies.
Advancing its green initiatives while staying true to its founding mission, Byd Company Limited is steadfastly working towards its core objective of achieving carbon neutrality across its entire value chain by 2045. The company's "Three Green Dreams" have gained global traction: annual sales of new energy vehicles reached 4.6 million units in 2025, maintaining its position as the global leader in NEV sales; cumulative shipments of energy storage systems surpassed 135 GWh, with 2025 shipments ranking first worldwide; and Byd Company Limited Solar successfully secured a place on BloombergNEF's Tier 1 list of global photovoltaic module manufacturers. Throughout 2025, the energy production and usage phases of its new energy vehicles resulted in a quantifiable reduction of 46.6 million tons of carbon emissions compared to traditional fuel-powered vehicles, equivalent to planting 776.6 million trees, contributing tangibly to the goal of lowering the Earth's temperature by 1°C. By procuring green electricity and certificates, the company utilized 7.29 billion kWh of clean power during the year, earning a place among China's Top 100 Green Electricity Consumers and ranking first among Chinese automakers. Three of Byd Company Limited's major campuses were designated among the first batch of national-level zero-carbon industrial parks, systematically advancing low-carbon transformation in manufacturing.
In fulfilling its social responsibilities, Byd Company Limited contributed a total of RMB 53.3 billion in domestic taxes and allocated RMB 157 million in charitable donations during 2025. The company launched an RMB 3 billion education charity fund, primarily supporting university scholarships and promoting public awareness of new energy vehicle technologies. Donation agreements were established with 127 universities across China, benefiting over 6,000 students. Byd Company Limited fosters a diverse and inclusive workplace, prioritizes employee development, and enhances talent retention, achieving 100% insurance coverage for its workforce. In 2025, the company received multiple honors, including being named one of Forbes' World's Best Employers and one of Forbes' Best Companies for Women.
Byd Company Limited continues to deepen its investment in technological research and development, with R&D expenditure reaching RMB 63.4 billion in 2025, accounting for 7.89% of its operating revenue. The company employs 120,000 R&D personnel and has filed a cumulative total of 71,094 patent applications globally. Guided by its development philosophy of "Technology为王, Innovation为本," Byd Company Limited has launched leading technologies such as the e-Platform 3.0. Over the past three years, more than 19 of its vehicle models have received five-star or five-star plus safety ratings from NCAP assessments both domestically and internationally, utilizing advanced technology, high standards, and robust capabilities to ensure user safety and persistently drive the new energy industry forward.
Looking ahead, Byd Company Limited will continue to deepen the implementation of its DREAMS framework through practical actions, addressing challenges and seizing opportunities to integrate sustainable development throughout all aspects of its business operations. The company remains committed to collaborating with global partners, leveraging solid technological expertise and open cooperation to steadily advance the vision of contributing to "Cooling the Earth by 1°C."
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