Wang Chuanfu
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Wang Chuanfu

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BYD
Wang Chuanfu
Wang Chuanfu
The latest news on Chinese chemist, billionaire entrepreneur, Wang Chuanfu, founder, chairman and CEO of BYD Company, including Chinese business news and updates.
Born
8 Apr 1966
Industry
Business
Job Title
Founder of BYD
BYD Dolphin Surf EVs are parked at the Chinese carmaker’s event in Berlin, Germany, on Wednesday. Photo: Reuters
Electric & new energy vehicles

BYD overtakes Tesla in Europe for the first time as sales jump 169% in April

Shenzhen-based BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics.

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Electric & new energy vehicles

Xpeng says robotics industry will get bigger than automotive sector

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Electric & new energy vehicles

BYD shares surge on unveiling of ‘fast as gas’ charging tech

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US-China tech war

What did China’s tech titans tell Xi Jinping at the symposium?

Ren Zhengfei from Huawei, Lei Jun from Xiaomi and Wang Xingxing from Unitree all gave speeches at the high-profile meeting.

A giant screen at a Beijing shopping centre shows news footage of Huawei founder Ren Zhengfei speaking next to BYD CEO Wang Chuanfu and New Hope’s founder and chairman Liu Yonghao at a symposium with Chinese President Xi Jinping on Monday. Photo: Reuters
Semiconductors

Who is Yu Renrong, China’s only chip delegate at Xi Jinping’s symposium?

Yu founded Will Semiconductor in 2007 and has made a name as a successful deal maker in China’s chip industry.

Hong Kong stock market

Xi meeting Jack Ma, tech bosses is tonic for Hong Kong stock bulls

The rally in Hong Kong this year has returned US$245 billion to Hong Kong’s market capitalisation as tech leaders soared.

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China's economic recovery

Has Xi Jinping brought China’s private sector back into the fold?

Who was invited to Xi’s business symposium, which industries were represented, what the president said, when it was held – why it all matters.

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President Xi Jinping brought together China’s most prominent entrepreneurs, particularly in the tech world, for a high-profile meeting. Photo: AP
China's economic recovery

What happened when Xi Jinping met entrepreneurs for a ‘high-stakes symposium’?

The Chinese president brought together the heads of leading businesses – including Alibaba’s Jack Ma – for the first time since 2018.

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Electric & new energy vehicles

BYD’s free tech will spur sales, popularise smart driving: analysts

BYD founder and Chairman Wang Chuanfu says the move marks ‘a new era when all customers can access smart driving’.

Electric & new energy vehicles

BYD to add autopilot system to lure buyers amid China’s EV price war

At least 21 EV models will be fitted with the system, bringing down the entry cost for EVs with autonomous driving capabilities.

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A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition in April 2023. Photo: Getty Images
Apple

Apple’s Tim Cook meets key suppliers in Shanghai as 57th China store opens

The meeting with BYD and two other mainland suppliers was held ahead of the opening on Thursday of the 57th Apple Store in the US tech giant’s Greater China region.

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Apple chief executive Tim Cook greets a throng of visitors at the opening of the company’s new retail store in Shanghai’s Jing’an district on March 21, 2024. Photo: Weibo
Apple

Apple CEO Tim Cook goes on a charm offensive in China amid weak iPhone sales

In a packed Shanghai itinerary, Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD.

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Electric & new energy vehicles

China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares

The Shenzhen-based company expects to complete its share repurchase scheme within 12 months of the plan’s approval by shareholders.

Electric & new energy vehicles

BYD aspires to take on Ferrari, Lamborghini with a US$233,000 super EV

The Warren Buffett-backed carmaker is accepting bookings for the 1.68 million yuan (US$233,400) supercar with a deposit of 300,000 yuan. Deliveries are expected to start in the summer.

The Yangwang U9 electric vehicle is BYD’s most expensive model. Photo: Bloomberg
Electric & new energy vehicles

BYD launches low-price plug-in hybrid, sparking price war in China

The car starts at just over US$11,000, lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla.

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BYD Qin Plus DM-i. Photo: Handout
Electric & new energy vehicles

BYD plans US$14 billion investment in smart cars to keep up with rivals

BYD will invest 100 billion yuan (US$14 billion) in smart cars, as the company expects intelligent new energy vehicles to be the next industry battlefield, founder and CEO Wang Chuanfu says.

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Electric & new energy vehicles

BYD set to announce Hungarian electric vehicle factory

China’s electric vehicle giant is looking to manufacture electric cars and batteries at a new factory in Szeged, in the south of Hungary, the Financial Times reported on Thursday.

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Stocks

Explainer | From BYD to Alibaba: Charlie Munger and his hot Chinese stock picks

Charlie Munger, a former lawyer, was Warren Buffett’s deputy at Berkshire Hathaway. He was a value investor who believed in long-term investments and companies’ intrinsic value.

Berkshire Hathaway vice-chairman Charlie Munger pictured at the company’s annual shareholders’ meeting in Omaha, Nebraska in May 2019. Photo: AFP/Getty Images/TNS
Electric & new energy vehicles

BYD posts record third-quarter profit after beating Tesla in EV deliveries

BYD, the world’s largest electric vehicle (EV) maker, reported on Monday its highest ever quarterly profit, buoyed by surging deliveries and a cost-cutting campaign.

Electric & new energy vehicles

BYD expects third-quarter earnings to more than double, hit all-time high

BYD, the world’s largest EV maker, expects its third-quarter earnings to hit an all-time high after it delivered a record number of cars to Chinese consumers.

Electric & new energy vehicles

China’s BYD eyes lithium assets in Brazil in EV raw-material push

BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric vehicle production outside Asia.

A BYD showroom in Sao Paulo, Brazil. The Chinese group plans to invest heavily in the South American country. Photo: Bloomberg
Electric & new energy vehicles

China’s BYD steps up globalisation strategy with an EV plant in Uzbekistan

The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.

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BYD buses are displayed at the 26th edition of Busworld Europe in Brussels, Belgium, on October 7. Photo: Xinhua
China-EU relations

‘Now or never’: the European drive to head off influx of Chinese electric cars

The European Commission is investigating what some EU players say is a flood of subsidised EVs from China.

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Electric & new energy vehicles

BYD interim profit soars 145% on record deliveries, margin falls

The Warren Buffett-backed carmaker’s second-quarter profit jumped 145 per cent to US$933 million, in line with market expectations. Deliveries rose 98 per cent to a record 703,561 units.

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Electric & new energy vehicles

China’s BYD to challenge Land Rover, Porsche with new EV brand Fang Cheng Bao

First production model, the Leopard 5 SUV, will debut at the Chengdu Motor Show, which starts on August 25. The SUV is likely to be priced between 400,000 yuan (US$54,809) and 600,000 yuan, according to analysts.

A Leopard 5 SUV developed by BYD, the first production model under the carmaker’s Fang Cheng Bao brand. Photo: Handout
Electric & new energy vehicles

Chinese carmakers to ‘upend’ the global automotive industry, says BYD founder

‘China has yet to create a single international marquee of its own that is universally recognised and respected,’ but ‘we are now powerful enough to lead the transition of the global auto industry,’ says Wang Chuanfu.

Electric cars sit on display at a BYD exhibition hall in Fuyang District of Hangzhou, in east China’s Zhejiang Province, on July 18, 2023. Photo: Xinhua
Electric & new energy vehicles

BYD launches second premium EV in a month via Mercedes-Benz venture

The plug-in-hybrid N8 SUV challenges rival Li Auto’s bestselling L8 model in the high-end segment of a red-hot market.

Electric & new energy vehicles

India rejects BYD’s US$1 billion EV plant on security grounds, newspaper says

BYD’s go-global drive has hit a speed bump after its proposal to build a US$1 billion plant with a local partner in India was rejected on security grounds, an Indian newspaper reported.

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