Since the first pair of BeiDou satellites was deployed in 2000, China has made continuous efforts to establish its own independent BeiDou Navigation Satellite System (BDS) to provide the regional radio determination satellite service as well as regional and global radio navigation satellite services, which rely on the high quality of orbit and clock products. This article summarizes the achievements in the precise orbit determination (POD) of BDS satellites in the past decade with the focus on observation and orbit dynamic models. First, the disclosed metadata of BDS satellites is presented and the contribution to BDS POD is addressed. The complete optical properties of the satellite bus as well as solar panels are derived based on the absorbed parameters as well the material properties. Secondly, the status and tracking capabilities of the L-band data from accessible ground networks are presented, while some low earth orbiter satellites with onboard BDS tracking capability are listed. The topological structure and measurement scheme of BDS Inter-Satellite-Link (ISL) data are described. After highlighting the progress on observation models as well as orbit perturbations for BDS, e.g., phase center corrections, satellite attitude, and solar radiation pressure, different POD strategies used for BDS are summarized. In addition, the urgent requirement for error modeling of the ISL data is emphasized based on the analysis of the observation noises, and the incompatible characteristics of orbit and clock derived with L-band and ISL data are illuminated and discussed. The further researches on the improvement of phase center calibration and orbit dynamic models, the refinement of ISL observation models, and the potential contribution of BDS to the estimation of geodetic parameters based on L-band or ISL data are identified. With this, it is promising that BDS can achieve better performance and provides vital contributions to the geodesy and navigation.