BYD Company Limited ("BYD") was founded in February 1995 and is headquartered in Shenzhen, Guangdong Province. The company has over 220,000 employees and its business spans four industries: automobile, rail transportation, new energy, and electronics BYD is committed to promoting the sustainable development of human society through technological innovation and helping to achieve the goal of "carbon peaking and carbon neutrality". "In 2015, BYD received the UN Special Energy Prize, the first award for the new energy industry in the 70-year history of the UN. In 2016, BYD received the Zayed Future Energy Award for large companies. In 2017, BYD was ranked fifth among Fortune magazine's 2017 "Most Admired Chinese Companies" and topped the list of the automotive industry. In 2020, BYD became one of the top 100 most valuable Chinese brands on the 2020 BrandZ list and was the most valuable Chinese brand in the automotive industry for six consecutive years.