BYD’s wholly-owned subsidiary sets up new semiconductor company

Shanghai (Gasgoo)- Chinese automaker BYD registered on Jan. 19 a semiconductor subsidiary in Changsha, capital of Hunan Province, via its wholly-owned subsidiary, according to a record update from the corporate data platform Tianyancha.

The new company, dubbed Changsha BYD Semiconductor Co.,Ltd, involves a registered capital of RMB20 million, which is entirely offered by Shenzhen BYD Microelectronics Co.,Ltd., a subsidiary 100% owned by BYD Company Limited.

Tianyancha showed that the business scope of the newly-registered company extends to cover the manufacture of discrete semiconductor devices, integrated circuit, lighting fittings, LED display, security and protection monitoring equipment and smart street lamps, the testing of integrated circuit and other services pertaining to smart cities.

（Photo source: BYD)

Its Shenzhen-based shareholder was founded in October 2004, and its chairman was changed to Chen Gang several days ago from Wang Chuanfu, BYD's founder and chairman. It also wholly possesses another semiconductor subsidiary in Ningbo, Zhejiang Province.

BYD has been highlighting its development of auto-related core technologies. Its self-developed “blade battery”, a new-generation lithium iron phosphate (LFP) battery, will be put into volume production in 2020 and used in its all-new model, the BYD Han, in the first place, Wang Chuanfu said at the China EV 100 Forum 2020.

It is said that BYD has so far applied for 28,000 patents worldwide, of which around 17,000 has been authorized. From battery, electric motor, electronic control unit to IGBT (insulated gate bipolar transistor), the automaker has grasped a widespread range of core technologies related to NEV industrial chain.