BYD Co., Ltd. (“BYD” or “the Company”, together with its subsidiaries, collectively the “Group” or the “Group”; stock code: H shares: 01211 (HKD counter); 81211 (RMB counter); A shares: 002594) is mainly engaged in the automobile business, mobile phone parts and assembly business, rechargeable batteries and photovoltaics business, which are mainly new energy vehicles, while actively expanding the urban rail transit business by utilizing its technological advantages. As a pioneer and leader in the global NEV industry, the Group has built a long-term and sustainable core competitive advantage through continuous technological innovation through strong technology accumulation in the fields of power batteries, motors, electronic control, etc., establishing the Group's leading position in the global NEV industry and accelerating the transformation and upgrading process of the global automobile industry. The Group is one of the world's leading manufacturers of rechargeable batteries. In the field of consumer batteries, lithium-ion batteries produced by the Group are widely used in various consumer electronics products and new smart products. The main customers include leading consumer electronics manufacturers such as Samsung and Dell, as well as leading global intelligent manufacturers of robotics, such as Covos. In the field of power batteries, the Group has developed highly safe lithium iron phosphate batteries — “blade batteries”, to better solve market safety pain points and accelerate the return of lithium iron phosphate batteries to the mainstream power battery circuit. In the field of energy storage batteries, the Group is making efforts in application fields such as grid energy storage, industrial and commercial energy storage, and household energy storage to provide customers with cleaner and more sustainable energy storage solutions. The photovoltaic business is one of the Group's important structures in the field of clean energy. It has a full industrial chain layout, including silicon wafers, batteries, photovoltaic modules, and photovoltaic system applications, opening up all aspects of energy from absorption, storage to application. The Group will actively deploy new technologies and promote continuous product upgrades. As the world's leading platform-based high-end manufacturing manufacturer, the Group provides one-stop services such as new material development, product design and development, component and assembly manufacturing, supply chain management, logistics and after-sales service to world-renowned customers. The products cover diverse market fields such as smart phones, tablets, smart homes, game hardware, drones, Internet of Things, robots, communication equipment, medical and health equipment, etc. The company's high vertical integration capabilities enable the company to provide customers with comprehensive services and respond faster and more efficiently to the changing needs of the market. The urban rail transit business is one of the strategic directions of the Group's future development. With the technology and cost advantages already established in the field of new energy business, the Group has successfully developed high-efficiency, low-cost medium-volume “cloud rail” and low-volume “yumba” products, and cooperated with new energy vehicles to achieve three-dimensional coverage of urban public transportation. While helping cities resolve traffic congestion and air pollution, the Group's long-term and sustainable development has been achieved.