BYD Corp - Build Your Dream Corporation

What BYD Corp - Build Your Dream Corporation does

BYD Forklift (比亚迪叉车) is the new-energy material-handling division of BYD Company Limited, a publicly traded parent (Shenzhen: 002594; Hong Kong: 1211.HK). The division was established in 2009 in Shaoguan, Guangdong, with an initial RMB 515 million investment, and added a second manufacturing and R&D base in Ningbo (Zhejiang) in 2018 with an additional RMB 500 million commitment and 20,000 units/year of capacity. Its core product is a fully electric forklift and material-handling portfolio — counterbalance forklifts from 1.6 to 8 tons, warehouse vehicles (reach trucks, pallet stackers, pallet trucks), tow tractors from 2 to 25 tons, and AGV handling robots — all built around the parent group's proprietary lithium iron phosphate (LiFePO4) battery technology, in-house battery management system (BMS), electric drive motors, electronic control units, and 1-hour fast-charging systems.

The technology differentiation sits in the proprietary iron-phosphate chemistry — rated for 10+ years / 4,000+ cycles, -40°C to 60°C operation, SGS-certified non-toxic, RoHS-compliant, and validated externally by the 2016 IFOY International Forklift of the Year award (for the ECB18C) and a 2019 China National Science and Technology Progress Award (Second Prize). The AGV line adds laser-radar / ultrasonic / vision-based autonomous navigation with ±10mm accuracy and WMS / vehicle-dispatch system integration.

Commercially, the business generates revenue through three streams: (1) hardware sales of forklifts, warehouse vehicles, tow tractors, and AGV robots via direct enterprise sales and an authorized dealer network across six continents (China, Europe, USA, Japan, Australia, Brazil, South Korea, Thailand); (2) aftermarket service, maintenance, and spare parts through a nationwide service network with warranties of 1 year on the vehicle and 5 years / 12,000 hours on the battery; and (3) financial and operating lease / rental offerings. Pricing is quote-based (no public list price); a VIP membership program offers CNY 1,000 paid for CNY 3,000 in deductions or a CNY 5,000 lifetime membership with CNY 10,000 in benefits. Customers span logistics (Deppon Express, SF Express), telecom manufacturing (Huawei), brewing (Snow Beer), papermaking (Julong Paper), petrochemical (Chandra Asri), port operations (Beibu Gulf Port), and pharmaceutical and cold-chain operators; cumulative customer count was 4,000+ and in-service fleet 50,000+ units as of 2020, with management targeting RMB 10 billion in revenue by 2025.

Name

BYD Corp - Build Your Dream Corporation

Legal name

比亚迪叉车 (BYD Forklift)

Website

https://bydcorp.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

BYD Forklift (BYD Corp) is the new-energy material-handling division of publicly listed BYD Group, manufacturing lithium iron phosphate (LiFePO4) electric counterbalance forklifts, warehouse vehicles, tow tractors, and AGV robots for global B2B customers in logistics, manufacturing, port, paper, beverage, pharma, and cold-chain industries through direct enterprise sales and a multi-continent dealer network.

Ownership category

akta.pro rank

Product category

Electric Forklifts and Material Handling Equipment

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA)

akta.pro secondary industry

Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD)

Keywords

• Electric forklifts
• Lithium battery forklifts
• Material handling equipment
• Warehouse vehicles
• AGV handling robots

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Personnel

Revenue model

1. Electric Forklift Sales: BYD Forklift generates revenue primarily through the manufacture and sale of new energy electric forklifts including counterbalance forklifts, warehouse vehicles (pallet trucks, stackers, reach trucks), tow tractors, and AGV robotic forklifts. Products are sold through direct sales teams and dealer networks globally. The company also offers customization and bespoke solutions for specific industry applications.
2. Aftermarket Services & Spare Parts: The company provides after-sales service, maintenance, and spare parts supply through a nationwide service network. Service includes permanent technical support, warranty services (1 year vehicle warranty, 5-year/10000 hour battery warranty), and lease/rental services including financial leasing and operating leasing.
3. Forklift Rental/Leasing: BYD Forklift offers flexible rental options including financial leasing and operating leasing models, tailored to enterprise needs.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

BYD Forklift designs, manufactures, and sells new energy electric forklifts and material handling equipment powered by proprietary lithium iron phosphate (LiFePO4) battery technology. The product portfolio includes counterbalance forklifts (1.6T–8T), warehouse vehicles (reach trucks, pallet stackers, pallet trucks), electric tow tractors (2T–25T), and AGV handling robots with laser navigation, all targeted at industrial and logistics enterprise customers.

Product overview

BYD Forklift is a comprehensive electric forklift and material handling equipment manufacturer under BYD Group, offering a complete portfolio of new energy forklift products. The product lineup includes counterbalance forklifts (CPD series from 1.6T-8T), warehouse vehicles (reach trucks, pallet stackers, pallet trucks), tow tractors (2T-25T), and AGV handling robots. All products are powered by BYD's proprietary lithium iron phosphate (LiFePO4) battery technology featuring 1-hour fast charging, 4000+ cycle life, and 10+ year lifespan. The portfolio is complemented by intelligent charging solutions and battery management systems (BMS). Key product series include ECB Series (1.6-8.0 ton counterbalance), EL Series (1.6-5.0 ton counterbalance), Reach trucks, Power pallet, Power stacker, and Tow tractor series. The company also offers customization services for specific industry applications including cold chain, food processing, and heavy-duty operations.

Differentiator

Problem solved

Functional benefit

Products and services

• CPD Series Counterbalance Forklifts Electric counterbalance forklifts ranging from 1.6T to 8T capacity, powered by lithium iron phosphate (LiFePO4) batteries. Includes 3-wheel and 4-wheel configurations with models CPD16S, CPD18S, CPD20, CPD25, CPD30, CPD35, CPD40, CPD45, CPD50, CPD60, CPD70, CPD80. Designed for industrial material handling with fast charging and zero emissions.
• Warehouse Vehicles Warehouse material handling vehicles including reach trucks, pallet stackers, and pallet trucks. Models include CQD16, R15TS, R15TJS, S20, S15JW-S, CTD15JW, S14PS, CDD14, P30S, and various walkie/rider configurations for indoor warehouse operations.
• Electric Tow Tractors Electric tow tractors ranging from 2T to 25T capacity. Models include Q20A, Q30TJS, Q30LTJ, Q45TS, QD50, Q250L, Q250LS for factory, warehouse, and airport towing applications.
• AGV Handling Robots Autonomous guided vehicles including reach-type (AR16P), counterbalance-type (AC20DP), traction-type (AQ20MPW), stacking-type (AS14MPW), and pallet-type (AP20MPW) robots with laser navigation, real-time obstacle avoidance, and ±10mm positioning accuracy. Integrates with WMS and vehicle dispatch systems for automated warehouse operations.
• Blue Ant Mini Series Electric Pallet Trucks Compact electric pallet trucks including Lan Yi 15, Lan Yi 20, and Lan Yi Mini15 designed for tight space warehouse and retail material handling applications.
• Fast Intelligent Charging Cabinet Quick charging equipment that enables 1-hour fast charging with opportunity charging capability, eliminating the need for dedicated charging rooms required by lead-acid batteries. Sold as a complementary product to BYD electric forklifts.

Quantifiable outcome

• 80% reduction in fuel costs compared to internal combustion forklifts
• +8 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature6 records

Partnerships

One partnership is on record.

• Deppon Express (德邦快递)coreStrategic or Co-development PartnerBYD Forklift won the bid as supplier of electric forklifts and electric counterbalance forklifts for Deppon Express, and entered into a comprehensive cooperation framework agreement with Deppon Logistics Co., Ltd. The partnership covers full-service cooperation from sales to after-sales support. Prior to the agreement, both parties conducted friendly discussions on strengthening cooperation, promoting complementary advantages, and achieving larger-scale and higher-quality development.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bydcorp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BYD Corp - Build Your Dream Corporation