As EV sales surge in China, BYD’s workforce has expanded rapidly, adding nearly 500,000 employees since 2019. BYD’s workforce is now roughly double that of Toyota’s as China’s EV leader expands overseas.
Privately-owned firms, such as BYD and others in the EV industry, are accelerating job growth in China.
According to filings, there were about 30.57 million employees in China at the end of 2023. That’s up 13% from 2019. Private companies accounted for 81% of the growth, or 2.85 million jobs.
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