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Originally, BYD Company Ltd produced batteries for mobile phones. It was only in 2003 that the history of BYD's automotive production began when it bought a Chinese automobile company from Sichuan province. Today, 40 thousand people work at BYD factories. In 2004, a research and development center was established. The company is doing well. Apparently, the name of the concern plays an important role in this. BYD is an acronym that can be translated as "build your dream". The main products of the company are hybrid cars and minicars. The extensive research base accumulated by BYD over the years of battery production and development is of great help to the company today.