Analysis
BYD 2025 Annual Results: 60 GWh Storage Shipped, #1 Globally, but No Standalone ESS Revenue Disclosed
BYD
📍 Shenzhen, China · Est. 1995Listed · SZSE: 002594
Overview
BYD Company Limited (Build Your Dreams), founded in 1995 and headquartered in Shenzhen, China, is one of the world's largest vertically integrated battery and energy storage manufacturers. The company produces its proprietary Blade LFP cells in-house through subsidiary FinDreams Battery and integrates them into complete DC block and AC block systems. BYD has delivered energy storage equipment across more than 350 projects in over 110 countries.
At a Glance
RMB 804B (~US$114B)
Revenue
869,622
Employees
Products
BYD offers 4 BESS products across 3 categories: Battery Cell, DC Block, AC Block. 3 products have detailed specifications available.
Battery Cell
LFP
2,710Ah
View specs
DC Block
AC Block
Global Presence
BYD is headquartered in Shenzhen, China with manufacturing in China, Germany, Brazil, Hungary. 1 known facility worldwide.
HQ
Facilities
HQ
Shenzhen, Guangdong, China
Financials & Reports
BYD is publicly listed (SZSE: 002594). Key figures from FY2025. Annual report available for download.
Key Figures
RMB 804B (~US$114B)
Revenue
RMB 32.6B (~US$4.6B)
Net Income
RMB 63.4B (~US$9.0B)
R&D Spending
869,622
Employees
Source: 2025 annual report (CNINFO). Group-wide figures covering autos, electronics and batteries - not BESS-specific. Revenue +3.46%, net profit -18.97%. Transport equipment and electrical segment gross margin 20.49%. Employees down from 969,000 in FY2024.
Independent Analysis
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Stock Price Performance
Sustainability
BYD publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2025.
ESG Key Figures
71,094
Patents
127,665
R&D Staff
7.29 TWh clean power
Renewable Electricity
Source: 2025 sustainability report (CNINFO), except R&D staff which is from the 2025 annual report. Patents are cumulative global applications. Clean power is 7.29 billion kWh met through green electricity and green certificates, first among Chinese automakers by green power consumption.
Certifications & Compliance
BYD holds 3 certifications covering quality management, environmental standards, and safety compliance.
ISO 9001
ISO 14001
ISO 45001
Reference Projects & Case Studies
Selected BESS projects officially disclosed by BYD. 2 documented projects with case studies available for download.
