BYD Co., Ltd. is a Chinese automobile company specializing in new energy vehicles (NEVs) since 1995. Recently, the firm decided to cease production of internal combustion engine (ICE) vehicles, demonstrating its commitment to sustainability. With a strong focus on the midpriced mass-market segment in China, BYD sold 3 million passenger NEVs in 2023, capturing 33% of the market share. In addition to automobiles, the company is also involved in handset components, assembly services, rechargeable batteries, and photovoltaics. Over the past 25 years, BYD has expanded globally with more than 30 industrial parks. With an ESG score of 26.1, BYD is a medium-risk investment option.