BYD boosts capital 200% to 1.28B USD, major growth push expected
Chinese electric vehicle and battery manufacturer BYD has increased its registered capital from approximately 3.039 billion yuan (426 million USD) to 9.117 billion yuan (1.28 billion USD), representing a 200% increase, according to corporate registration data, as reported by IT-Home.
In China’s corporate system, registered capital represents the amount shareholders pledge to inject into the company. Higher registered capital can affect credibility with suppliers, partners, and financial institutions.
This is the second capital increase for BYD in 2025. In May 2025, the company raised its registered capital from 2.909 billion yuan (407 million USD) to 3.039 billion yuan (426 million USD).
Founded in February 1995 and led by legal representative Wang Chuanfu, BYD Company Limited operates across multiple sectors: it produces and sells lithium-ion batteries, other battery types, chargers, electronic products and their accessories; acts as the general distributor for BYD Auto Co., Ltd.’s BYD-branded passenger cars and electric vehicles (handling their marketing, wholesale, export and after-sales services); and is jointly owned by entities and individuals including Hong Kong Securities Clearing (Nominees) Limited, Wang Chuanfu, Lu Xiangyang and Rongjie Investment Holding Group Co., Ltd.
According to BYD’s financial reports, the company reported a net profit of 15.511 billion yuan (2.17 billion USD) and operating income of 371.281 billion yuan (52.0 billion USD) in the first half of 2025. Research and development investment was 30.9 billion yuan (4.33 billion USD), while overseas market income reached 135.358 billion yuan (19.0 billion USD). International sales accounted for 36.5% of total sales volume.
From January to August 2025, BYD recorded sales of 2.864 million vehicles, a 23% increase from the same period in 2024. The company has set an annual sales target of 5.5 million cars for 2025. To reach this target, BYD would need to sell an average of 660,000 vehicles per month from September through December.
As of now, BYD has not yet released an official statement specifically explaining the specific purposes of this registered capital increase and its potential impact on the company’s future business development. Industry analysts generally believe that the capital increase will further enhance BYD’s capital strength, providing more financial support for its subsequent technological R&D, market expansion, and overseas business layout. However, the actual effect of this capital increase still needs to be observed in the company’s future business operations and performance.
