Chinese carmaker and electric vehicle upcomer BYD has been named by Fast Company as one of its Top 10 Most Innovative Companies for Energy.
BYD ranked No. 2 for its pioneering endeavors in introducing the first electric trucks in its hometown Shenzhen.
Short for "Build Your Dreams," BYD followed US company Green Mountain Power which topped the list "for helping customers go off the grid," according to list compiled by American business magazine Fast Company.
"The biggest electric vehicle manufacturer in the world isn't Tesla, but the Chinese company BYD. The company began as a battery manufacturer – and that expertise led it to electric cars and trucks, which depend on battery cost and performance," the comments of the list read.
"This year's list is an inspiring and insightful window into how many companies have embraced innovation and are working to make meaningful change," said Fast Company Deputy Editor David Lidsky, who oversaw the issue with Senior Editor Amy Farley.
"At BYD, we never stop working to transform the world. We strive to create innovative ways to power and move the world with safe and sustainable technology," Stella Li, President of BYD North America, told Xinhua Friday.
"We are honored to be recognized for our contribution worldwide," she said.
BYD, the world's largest manufacturer of battery-electric vehicles for the third year in a row, is also the largest manufacturer of battery-electric buses in North America.
In October, BYD unveiled its expanded battery-electric bus manufacturing facility, North America's largest, in the US city of Lancaster in southern California. This growth will allow BYD to build up to 1,500 battery-electric buses annually.
The Top 10 Most Innovative Companies list, Fast Company's signature franchise, spans 36 separate categories from artificial intelligence to wellness.