--- description: Find out why BYD Co. Ltd. was selected for the inaugural list title: TIME100 Most Influential Companies 2021: BYD Co. Ltd. image: https://static.time.com/v3/assets/bltea6093859af6183b/blt445356d373da86fe/698a18e297cdff35a66bbdc9/byd-time100-companies.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Apr 27, 2021 # BYD Co. Ltd. Scaling electric transport by [Amy Gunia](/author/amy-gunia/) ## Amy Gunia Update your preferences in [Account Settings](/account/preferences/) Close Gunia was a reporter for TIME based in Hong Kong.  Xi'an, a city in northwest China's Shaanxi Province, on Feb. 25, 2020. Xi'an, a city in northwest China's Shaanxi Province, on Feb. 25, 2020.Liu Xiao Xinhua—eyevine/Redux The auto market in China is the world’s largest, and the race is on to make inroads with electric vehicles. While Tesla is the market leader globally, Chinese BYD—backed by Warren Buffett—is revving up. Although the company’s sales of battery-powered [electric passenger cars](https://time.com/5951773/electric-car-sound-future/ "undefined") fell 11% in 2020, demand for its electric luxury sedan, launched in July, is steadily rising. BYD also manufactures electric buses in the U.S. and Europe and has entered into a partnership to help build Japan’s first pure electric bus-loop line. Among its other businesses: rail systems, batteries—for consumer goods as well as renewable-energy storage­—and components for handheld electronics. The company’s Hong Kong–listed shares are up more than 300% over the past 12 months. BYD Co. Ltd. Is One of the 2021 TIME100 Most Influential Companies ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies/5949997/byd-3/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies/5949997/byd-3/"},"headline":"BYD Co. Ltd.","datePublished":"2021-04-27T00:02:19.000Z","dateModified":"2026-03-02T23:49:25.890Z","description":"","url":"https://time.com/collections/time100-companies/5949997/byd-3/","keywords":["Lists","franchise","TIME100 Companies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt445356d373da86fe/698a18e297cdff35a66bbdc9/byd-time100-companies.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Amy Gunia","jobTitle":"Gunia was a reporter for TIME based in Hong Kong.","url":"https://time.com/author/amy-gunia/"}],"creator":"Amy Gunia","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt445356d373da86fe/698a18e297cdff35a66bbdc9/byd-time100-companies.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies/5949997/byd-3/","name":"BYD Co. Ltd."}}]}] ```