BYD launches 3-billion-yuan education charity fund to support scholarships, promote NEV tech

Shanghai (Gasgoo)- On December 30, BYD officially launched a 3-billion-yuan education charity fund, marking the occasion with initial donations to 35 universities and 28 science and technology museums across China.

The fund will focus on supporting scholarships for higher education and promoting public awareness of new energy vehicle (NEV) technologies. BYD plans to partner with over 100 universities nationwide to establish scholarships. Additionally, the company will donate exhibits showcasing NEV technologies to science museums, technology centers, and select schools to inspire and educate young people about advancements in the field.

Talent development has always been a core value for BYD. The company's Chairman Wang Chuanfu emphasized that BYD adheres to the principle of "daring to hire, heavily utilizing, and nurturing fresh graduates." Since its founding in 1997, BYD has consistently recruited new graduates, hiring over 50,000 in the past two to three years alone. In 2023, BYD recruited more than 11,000 graduates, with nearly 70% holding master's or doctoral degrees and about 80% specializing in R&D.

In 2017, BYD established a postdoctoral innovation practice base to enhance its talent pipeline. Over the past seven years, the company has developed a three-station, four-base postdoctoral training system across Shenzhen, Chongqing, and Xi’an cities. To date, BYD has trained nearly 1,600 postdoctoral researchers, with about 1,400 currently in training—making it the largest postdoctoral program in China. Remarkably, the retention rate for postdoctoral researchers leaving the program is 100%.

Beyond education, BYD is also committed to improving employees' quality of life. The company provides R&D apartments for young employees, has built the "BYD Village" welfare housing project. Besides, the automaker has funded the construction of a new 9-year school, named "BYD School," which offers a 9-year consistent education from elementary to middle school.