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Most Innovative Companies

BYD

The biggest electric vehicle manufacturer in the world isn't Tesla, but the Chinese company BYD (or "Build Your Dreams"). The company began as a battery manufacturer--and that expertise led it to electric cars and trucks, which depend on battery cost and performance. When the company's hometown of Shenzhen decided to switch to an all-electric bus fleet, it turned to BYD for the majority of the buses, and the company is also facilitating a switch to electric taxis. In China, where the government plans to phase out gas- and diesel-powered cars, and new electric cars get subsidies and other perks, BYD continues to quickly grow. But the company is also selling vehicles around the world--and hopes to become the first Chinese automaker to be a truly global brand. 

Data
headquarters: Shenzhen, China
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