Byd
In short
BYD is a major Chinese manufacturer of electric vehicles and rechargeable batteries. It has become one of the largest producers of plug-in vehicles in the world.
In plain words
The company makes cars that run on electricity or hybrid engines. They also make the large batteries that power many different types of electronic devices and vehicles.
A simple example
A person might buy a BYD Atto 3, which is an electric SUV, to drive to work without using petrol.
Why it matters
As the world moves away from fossil fuels, BYD is a key player in the global shift to green transport. Their ability to make both cars and batteries makes them very competitive.
Easy to mix up
Do not confuse the company name with the acronym 'BYD', which is often used in internet slang to mean 'bye bye'.