BYD: World's Largest Automaker by R&D Workforce

BYD has become the world's largest automaker by R&D workforce after a major hiring spree, boasting over 110,000 R&D employees among its 900,000-strong workforce. This follows a strong Q2 2024 where it outsold Honda and Nissan, solidifying its position as the world's seventh-largest automaker. BYD's massive R&D team is focused on developing longer-range, more affordable EVs, and the company is expanding into new markets with plans for new plants in Turkey, Mexico, Brazil, and Pakistan. This aggressive expansion, coupled with its already significant position as the world's second-largest EV battery maker, positions BYD for continued growth and leadership in the electric vehicle market.