Wang Chuanfang
Wang Chuanfang was born on February 15, 1966, a native of Wuwei County, Anhui Province. He graduated from Central South University in 1987, majoring in metallurgical physical chemistry. In the same year, he entered the Beijing Nonferrous Metal Research Institute to study for a master's degree. he stayed in the hospital after graduation in 1990, and resigned in 1995 to found BYD. In just a few years, he developed into China's No. 1 and the world's No. 2 manufacturer of rechargeable batteries. in 2003, he entered the automobile industry and is now BYD Co.
Chinese name
Wang Chuanfu
Foreign name
Wang Chuanfu
Ethnicity
Chinese
Min ethnicity
Han Dynasty (206 B.C.E. - 220 A.D.
Birthplace
Wuwei County, Anhui Province
Date of birth
February 15, 1966 (C AD)
Occupation
Chairman of the Board of Directors of BYD
Graduated from
Central South Polytechnic University (now Central South University)
Major Achievements
Wang Chuanfu founded BYD in 1995.
2009 Hurun China Rich List China's Richest Man
Growth Edit
Wang Chuanfu came from a poor background, and his growth path was full of hardships, but at the same time, it also honed his tenacious will. His tenacity and madness are hard for the average entrepreneur to match.
On February 15, 1966, Wang Chuanfu was born in Wuhu City, Anhui Province, WUWEI County, an ordinary peasant family. His father was a carpenter with excellent craftsmanship, who later joined the party and served as a brigade secretary. His father was honest, tough and helpful, and was well respected and appealing in the local area. He made a clear distinction between public and private matters in his work and was well known among the public. As a Party member, Wang Chuanfu's father's thinking was more enlightened and advanced in the countryside. When he passed away, he responded to the Party's call to persuade his relatives to be cremated. Wang Chuanfu's mother, on the other hand, was a traditional virtuous wife and mother, teaching her children to be loyal and filial. Influenced by the family atmosphere, the children also inherited their upright character and indomitable spirit. The same is true for Wang Chuanfu, which has been clearly reflected in his later entrepreneurial journey. Wang Chuanfu has five sisters, one brother and one sister. Together with his parents, the family of ten lived a quiet life on the woodworking work that had been passed down from generation to generation. But the good times didn't last long. When Wang Chuanfu was thirteen years old, his father died after a long illness. The family's financial situation began to deteriorate. Wang Chuanfu's five sisters married one after another, and his sister was placed in foster care while his brother Wang Chuanfang dropped out of school and started working to support the family. The hard times were not easy, and the high expectations of his mother and brother constantly spurred Wang Chuanfu on. When he was young, perhaps because of his family, he was more stable and precocious than his peers. He was very shy, did not like to talk, and did not want to socialize too much with others. But he knew how to study hard and spent all his energy and time on his studies, doing better than his peers. Because he knows that his family's hopes are pinned on him, and he can only repay them with excellent grades. So he always has a belief in his heart, that is, "always do better than others". The stage is as big as the heart. Wang Chuanfu's spirit of not giving in and constantly surpassing himself laid the foundation for his later career success. Woe is not alone. Two years later, when Wang Chuanfu was about to graduate from junior high school, his mother suddenly died. The heaviest blow to the ill-fated brother. Mencius
Wang Chuanfu is pictured with his partners.
He said, "Heaven will give great responsibility to the people of Sri Lanka, so we must first suffer from their minds." The young Wang Chuanfu had tasted enough suffering in life. Deeply devastated, Wang Chuanfu could only immerse himself in his studies every day as a way to forget his pain and loneliness. The hardships of life also made Wang Chuanfu develop a strong, independent and tough character. As he said himself, "I want to control everything by myself and take care of everything by myself". All that his parents left to his brothers was four thatched cottages, but the spiritual influence left by his parents benefited the two brothers and subconsciously influenced their whole lives. When Wang Chuanfu's mother died, it was the time for the middle school graduation exam. As a result, Wang Chuanfu missed two classes and was not admitted to the popular junior college at the time. Sometimes life's destiny is completely accidental, and a small factor can change a person's life. Wang Chuanfu's life was changed in this way. In the 1980s, he was responsible for assigning jobs, so he was the first choice of many middle school graduates from poor families at that time. However, after the 1990s, due to the adjustment of the national education policy, it was difficult for middle school graduates to find employment. Chuanfu did not go to junior college because of his mother's death, but entered WUWEI County's newly established ordinary high school - WUWEI No. 2 Middle School. This accident gave Wang Chuanfu the space to continue his education in the university. Otherwise, Wang Chuanfu, a generation of technology fanatics, might have drowned in mediocrity.
Because of his unfortunate family experience, Wang Chuanfu's older brother, Wang Chuanfang, shouldered the family's burden when he was 18 and interrupted his studies to earn money. But no matter how hard life was, he always asked his brother to study hard. When Wang Chuanfu saw the difficulties of his family and his brother's hard work, his heart was shaken, and his brother said, "No matter how hard it is, you have to study even if you sell your house. Studying is the only way out." In Wang Chuanfang's eyes, it is really "all things are inferior, only the book is high". He let his brother go to college. When his mother died, his sister-in-law, Zhang Juxiu, stepped into the unfortunate family. Her traditional Chinese female virtues and virtues once again warmed the hearts of the two brothers. Wang Chuanfu's three years in high school were the hardest time for the family, and his new sister-in-law never enjoyed it.
Wang Chuanfu
The happiness of a bride is to be clothed and fed and to take care of her family's daily life. Wang Chuanfu from high school began to live in school, every weekend to go home to find the sister-in-law to ask for 10 dollars living expenses. Once, the family had no money, his sister-in-law did not want him to condemn himself, so he went from door to door in the village to borrow money, and finally could not even raise 5 yuan in loose bills. Later Wang Chuanfu went to college, his brother gave his brother a "Shanghai brand" watch and all the new things in the house, and accompanied him all the way to Changsha. During Wang Chuanfu's study period, his brother also decided to move his small business to his brother's city to take care of him as much as possible. Wang Chuanfang paid his brother's tuition and living expenses until he graduated from graduate school. The elder brother was like a father. Not only did he take care of his brother in life, he also taught him how to be a man. Be frugal, be ambitious, and spend your own money as much as possible, that's what my brother always said. The hardest day for both brothers was not spent at the home of their married sister. The deep brotherhood of brothers continues to this day. Today, the already famous Wang Chuanfu and his great aunt, door to door, life to take care of each other.
In their careers, the older siblings fully support Wang Chuanfu, who is in charge of the logistics department and has made great contributions to the growth of BYD. 1983, Wang Chuanfu entered the Department of Metallurgical Physical Chemistry of the Changsha Zhongnan Institute of Mining and Metallurgy with excellent grades. During his junior year, the school was renamed as Central South University of Technology. Wang Chuanfu's alma mater, the Central South Institute of Mining and Metallurgy, was founded in 1952, during the restructuring of the faculties and departments of national colleges and universities, and formed the mining and metallurgy disciplines of six universities, namely, Wuhan University, Sun Yat-sen University, Beijing University of Science and Technology, Guangxi University, Hunan University, and Nanchang University. The university is located in Changsha City, Hunan Province, under the Yuelu Mountain, on the banks of the Xiangjiang River, entered the ranks of national key universities in 1960, and was renamed as the Central South University of Technology in 1985, and passed the audit of the national "211 Project" in September 1996, becoming one of the national key universities for the 21st century. The university has been subordinate to the Ministry of Education, Ministry of Higher Education, Ministry of Metallurgical Industry and China National Nonferrous Metals Industry Corporation, and since September 1998, it has become a university directly under the Ministry of Education again. In the university merger trend in 2000, approved by the State Council, Central South University of Technology merged with Hunan Medical University and Changsha Railway College to form the new Central South University. So Wang Chuanfu is an alumnus of CSU. on October 26, 2008, Wang Chuanfu, who has become a rising star in China's automotive industry, returned to his alma mater and was appointed as a part-time professor at CSU. This is also a kind of return. Wang Chuanfu is the pride of Central South University!
After entering the university, Wang Chuanfu, who came from a poor background, immersed himself in his studies and devoted himself to learning his major subjects. Albert Einstein has a famous saying:Interest is the best teacher. Wang Chuanfu wanted to be a scientist and was willing to drill.
Wang Chuanfu
research problems, so his academic performance at the top of the class. Wang Chuanfu was introduced to batteries as an undergraduate, giving him a good foundation for his later career. Wang Ganzhi, director and executive vice president of Hong Kong-based venture capital firm Huiya Group, commented: "Wang Chuanfu is one of the few dedicated people I've seen. He studied batteries in college, studied batteries in graduate school, and learned batteries at work." It is because of his long-term focus on the battery field that he has been able to make a difference. Sometimes success depends on persistence. It should be said that Wang Chuanfu is not the type of student who studies hard. Wang Chuanfu is an outgoing personality with a cheerful nature and likes to be lively. Therefore, he likes to participate in various campus activities, especially dancing. This is actually quite puzzling. After all, Wang Chuanfu was a domineering man. This kind of person usually plays soccer and basketball in college. Who likes to dance? Perhaps Wang Chuanfu, who thinks differently from ordinary people, has his own unique ideas. But Wang Chuanfu has always been skilled and his dancing skills were recognized on campus at the time. Some people even called him the "dance master" in the school. As a result, Wang Chuanfu's reputation spread through the school during his college years, not because he was a good student, but because he loved to dance.
2Personal Timeline Editor
Wang Chuanfu was born on February 15, 1966, in Wuhu City, Anhui Province.
Graduated from Central South University in 1987, majoring in Metallurgical Physical Chemistry, and entered the Beijing Nonferrous Metals Research Institute for a master's degree in the same year.
After graduating in 1990, he stayed at the hospital and
resigned in 1995 to found BYD. In just a few years, he grew to become China's No. 1 and the world's No. 2 manufacturer of rechargeable batteries.
Entering the automobile industry in 2003, he is now the chairman and president of BYD Company Limited and the chairman of BYD Electronics (International) Co.
In 2009, he was ranked No. 559 on the Forbes Global Rich List with a personal fortune of US$1.3 billion.
On September 28, 2009, he became the richest man in MAINLAND China with a net worth of $35 billion on the 2009 Hurun China Rich List.
On June 27, 2012, the Chinese version of Forbes released the "2012 China Listed Companies Salary List". In the list of "Highest Paid CEOs in (a-share) Major Industries", Wang Chuanfu made the list with 4.07 million[1].
3My Dream Editor
Wang Chuanfu said: "Technological innovation and technological background is our firm strategy, and also my dream. [2]
4The Road to ChangeEdit
Passive Error Correction
Real estate tycoon Feng Lun has a book called "Savage Growth", which is an appropriate word to describe BYD.
As a private company that started out as a battery maker and OEM, BYD entered the automotive industry in 2003 with the acquisition of Shaanxi Qinchuan Automobile Manufacturing Company, and then made cars by imitating "micro-innovations" and handmade molds. Due to the low cost of this model, BYD achieved 100% growth for almost five consecutive years until 2010. BYD was known as a "dark horse" at the time, shrouded in a halo of car sales, Warren Buffett's shareholding, and a soaring stock price. Wang Chuanfu also became China's richest man.
However, the good times didn't last long. 2010, BYD's high-growth momentum also came to an abrupt end. 2009-2011, BYD's net profit was 3.794 billion yuan, 2.523 billion yuan and 1.385 billion yuan, respectively, the last two years down 33.48% and 45.13% year-on-year. Subsequently, in August 2011, BYD sales company general manager Xia Zhibing left the company, dealers withdrawal, sales network integration, sales department layoffs and other events ensued. The "dark horse" BYD quickly became a negative case.
"We did make a lot of mistakes," Wang Chuanfu said. Wang Chuanfu said: "First of all, the development of too many channels, too fast expansion, too much attention to the number of channels, ignoring the quality of channels. Second, our brand promotion is lacking. BYD was a B2B company before it made cars. We sell batteries and cell phone parts and do OEM work for Motorola and Nokia. As long as we got orders from Nokia, that was the trick. This business was simple. We were used to this style of play, but we didn't understand the inner workings of the brand. The third is that the quality is not good. In the past, OEM products could do well, why can't cars do well? This is something we have to reflect on."
To this end, according to Wang Chuanfu, BYD has undertaken a three-year targeted restructuring, with the goal of optimizing its management team and dealer network and strengthening its brand design. The goal is to optimize the management team and dealer network, and strengthen the brand design. The development of BYD Auto will return from a sales-oriented to a product-oriented and quality-oriented approach, and gradually correct the problems of "vertical integration" and "semi-automation" in BYD's manufacturing process.
Bottom rebound
At present, these adjustments are giving BYD the hope of "bottoming out".
According to Wang Chuanfu, the number of BYD dealers has been reduced from more than 2,000 at the peak to 800; in April 2012, BYD also released a "4 years or 100,000 kilometers" long warranty program in Beijing, covering all of its models; at the same time, in early July 2012, BYD also announced that its products have reached the internationally accepted standards. At the same time, in early July 2012, BYD also announced that its products have reached the internationally recognized "IQS10" quality standard, with the two-year average failure rate of new cars controlled at less than 1%.
From a sales perspective, with the launch of the G6 and the Surrey, BYD's sales dropped 13.7 percent from 2011, before turning up 1.7 percent year-on-year in 2012. And in the final months of 2012, BYD's sales even increased by double digits.
"It's not easy to own a brand." Wang Chuanfu said many markets around the world have a certain amount of protective behavior, but not in China. All the car brands have come to China, and not only that, all the brands have shifted their main focus to China. Many brands' main source of profit is China, and they compete with Chinese partners.
Second takeoff
Wang Chuanfu also admitted that "without advanced technology, the quality is not good enough for independent brands to do." In 2013, BYD is said to launch three new cars: the mid-level car Siren with night-vision equipment, a large touchscreen and a 500G hard disk, the two-mode hybrid Qin with a 1.5T engine and electric motor, and the SUV S7, which is bigger than the S6.
"I'm very cautious and conservative right now. I don't want to take off three times and fall down again." Wang Chuanfu said he is aiming for 500,000 vehicles in 2013. That target is up only about 10 percent from 2012 results, and is quite conservative compared with BYD's previous market forecasts.
Wang Chuanfu said BYD will take off for the second time in 2013, building on three years of adjustments and closures. The foundation for the takeoff is technology. "In 2013, we will unveil a world-class technology at the Shanghai Auto Show, which is called green hybrid technology."
The main features of the technology are said to be replacing the current lead-acid batteries with iron batteries; extending the battery life by 10 years; increasing the battery voltage from the current 12 volts to 48 volts; and promoting start-stop and brake recovery technologies. "In addition, we will unveil an even more shocking technology at the 2014 Beijing Auto Show - top drive technology that truly realizes the world's first four-wheel motor independent four-wheel drive."
It will be a race for time and technology. Joint ventures are currently undercutting models and markets, posing a serious challenge to BYD's survival. Wang Chuanfu's technical tenacity is evident in the industry ****, but BYD still needs to accelerate the pace of upgrading in technology and quality if it wants to face the huge pressure exerted by the joint ventures. [3]
5 Successful Experience Editor
After entering the Beijing Nonferrous Metals Research Institute in 1987 to study for a master's degree, Wang Chuanfu began researching batteries. after graduating with his master's degree in 1990, he has been living in room 301 of the institute. Two years later, at the age of 26, Wang Chuanfu was promoted to deputy director of Room 301. 1993 saw the establishment of Big Battery Co. in Shenzhen. Because of its close relationship with Wang's field of research, Wang was appointed general manager of the company.
After gaining some practical experience in business management and battery production, Wang Chuanfu realized that one of his research fields, batteries, was facing a huge investment opportunity. At the time, it cost 20,000 to 30,000 yuan to buy a "cell phone," and buyers were rushing to buy them. Wang realized that the development of cell phones would increase the demand for rechargeable batteries. In his opinion, technology is not a problem. As long as it can be scaled up, it can make a big difference. in February 1995, Wang Chuanfu and his cousin Lv Xiangyang founded BYD, which is now replacing the monopoly of the Japanese battery company as a first-class battery manufacturer. During the Asian financial crisis, BYD's exports shrank dramatically. But this summer (July 31, 2002) it successfully listed on the Hong Kong main board. Last year, sales reached $155 million ($105 million in 2000), it paid $24 million in taxes and had 15,000 employees.
Wang Chuanfu's project is unique. Compared with many domestic enterprises that blindly pursue modernization, often unrealistically spending large sums of money to introduce leading international production lines, Wang Chuanfu has been developing products on his own since the beginning. Not only that, Wang Chuanfu also invested a lot of energy in technology, raw materials and quality control, and cost reduction. In addition, Wang Chuanfu directly involved in the supplier's material development, the use of BYD's strong scientific research capabilities, **** with the development of cost reduction programs. For example, nickel-cadmium batteries require a large amount of cobalt as negative manufacturing materials, if imported from abroad with good performance cobalt, the cost is extremely high. In cooperation with a Shenzhen BYD company, after clarifying the quality gap between domestic and foreign cobalt, we formulated detailed measures to improve the quality of domestic cobalt, and finally made the domestic cobalt meet the international quality requirements, while the cost of domestic cobalt was 40% lower than that of foreign products. With the wide use of anode materials, BYD can save tens of millions of dollars every year.
In the second half of 1995, Wang Chuanfu tried to send BYD's products to Daba, the largest manufacturer of cordless phones in Taiwan province. Unexpectedly, the superior quality and low price of BYD products aroused Daba's keen interest. At the end of the year, Daba did not hesitate to transfer the Sanyo order to Wang Chuanfu.
By 1997, BYD had grown from an unknown player to a medium-sized enterprise with annual sales of nearly 100 million yuan. For three years, BYD achieved a 100 percent growth rate each year.
The financial turmoil that swept through Southeast Asia in 1997 saw global prices for battery products plummet by 20 to 40 percent. While Japanese manufacturers were on the verge of losses, BYD's low-cost advantage grew more comfortable. Philips, Panasonic, Sony and even General Motors sent exciting large purchase orders to BYD. In the nickel-cadmium battery market, it took Wang Chuanfu only three years to grab nearly 40 percent of the global market share, and BYD became a deserved leader in nickel-cadmium batteries.
After gaining a foothold in the field of nickel-cadmium batteries, Wang Chuanfu immediately seized the second opportunity to start research and development of the battery market with the core technology of nickel-metal hydride batteries and lithium batteries. To this end, Wang Chuanfu invested a large amount of money, purchased the most advanced equipment, looking for the most cutting-edge talent, and set up a central research department. At that time, lithium-ion batteries were dominated by the Japanese, and domestic counterparts did not believe that BYD could succeed. Wang Chuanfu was said to have been ridiculed by the industry at the time, but he believed it was an opportunity.
Then Wang Chuanfu set up BYD Lithium-ion Battery Company specifically, a decision that has come to fruition today. According to the Nikkei Electronic News, BYD ranks just behind Sanyo, Sony and Panasonic in lithium-ion and nickel-metal hydride batteries, making it an international battery giant on a par with those three Japanese manufacturers.
Currently, BYD's production scale has reached a daily output of 1.5 million nickel-cadmium batteries, 300,000 lithium-ion batteries and 300,000 nickel-metal hydride batteries, and 60 percent of its products are exported. Customers in the cell phone field include international communication giants such as Motorola, Ericsson, Kyocera, Philips, and new domestic cell phones such as Pocophone, TCL, Konka, etc. Users of cordless telephones include industry leaders such as VTech, Panasonic, and Xinli. BYD has become the world's second largest battery supplier after Sanyo, occupying nearly 15 percent of the global market share.
The Hurun Research Institute announced on Sept. 29, 2009, that Wang Chuanfu became China's richest man this year with a fortune of 35 billion yuan, an increase of 29 billion yuan over last year's fortune, and a rise in the ranking from 103rd last year to 1st this year.
Wang Chuanfu ranked 77th with 7.69 billion yuan in the 2012 Forbes China Rich List. [4]
6 Business Philosophy Edit
BYD is extraordinary. Its helmsman, Wang Chuanfu, has been called a "technology junkie". He led the Shenzhen company from scratch, 13 years in the battery manufacturing, cell phone parts, automotive and other areas to establish a high-end manufacturing enterprises with an output value of about 20 billion. By marrying its two main businesses of rechargeable batteries and electric vehicles, BYD claims to be the world's largest commercial vehicle maker by 2025.
Buffett, of course, won't just pay for "a great idea. What does Wang Chuanfu have to offer to impress this demanding old Jew?
The seemingly introverted and simple man from Anhui province, who earned a bachelor's degree in physical chemistry, borrowed 2.5 million yuan from his cousin in real estate in 1995 and dove headfirst into the cellphone battery industry. From nickel batteries to lithium batteries, BYD took time to catch up, once emboldened Sony, Sanyo and other industries. Just as people marveled at Wang Chuanfu's aggressive posture in the battery industry, he exchanged birds for cannons, and then pushed into the highly competitive automotive industry. Some now say BYD is a real rival to Toyota in the future.
It's like the media have discovered "China's King Kong". Wang Chuanfu has been described as flouting the existing business order and rules of the game. "He trusts young engineers more than senior technical experts from Europe and the US. He thinks he can do everything himself, and what he makes is more useful than what he pays a high price for. He thinks technology patents are 'paper tigers'."
It is true that Wang Chuanfu has changed the image of Chinese entrepreneurs. Among those struggling in the global industrial division of labor chain, constantly lowering their status to get a low-end wage earner's position, and even killing each other at all costs, there finally came out a "technocrat"-style leader, who took the demolition of multinational corporations' technological barriers as his own responsibility, pursued technological innovation fanatically, and organized a "localization" team. A localized technical R&D and manufacturing team that is really used to war.
"We have never been afraid of core technology. If others have it, I dare to do it; if others don't have it, I dare to think about it. Every BYD unit that encounters a problem, we say you can't solve it, not because you don't have the ability, but you lack the courage." A BYD vice president explained their corporate philosophy this way.
Wang Chuanfu has a more practical view. Given the "technophobia" that Chinese companies generally face, he says, this fear is just a form of industrial intimidation created by competitors for those who come after them. They keep telling you that you can't do it, that it's a big investment, that it's hard to develop, until you give up. Automobile? After all, it's just a "pile of steel".
Yes, the nation that can put a spaceship in the sky can only do some low-end processing!
He has a unique solution. It takes tens of millions of dollars to invest in a battery production line. What to do when you run out of money? Build it yourself. Wang Chuanfu's "local method" looks very clumsy: he made his own production equipment, the production line is broken down into processes that can be completed manually.
Wang Chuanfu (5 photos)
BYD's "manufacturing secret" is "semi-automation plus labor," which some call "millet plus rifles. From the battery production line to the car mold, Wang Chuanfu dig human resources to the extreme. How can twenty engineers have robots? In Japan, Europe and the United States, industrialization meant building large machines and minimizing labor. BYD's transformation into "industrial manufacturing with Chinese characteristics" is a "war of manpower", or engineers won.
Do-it-yourself, do-it-yourself, do-it-yourself. The "BYD manufacturing model" not only greatly reduces costs, but also integrates the digestion and absorption of technology and process improvement into all aspects of manufacturing from start to finish. They have found that "semi-automated labor" is no less accurate than fully automated, and avoids the problem of mass recalls after batch processing errors. It is both reliable and flexible.
What's even more remarkable is that BYD pays special attention to the "vertical integration capability" of the industrial chain because of its high regard for labor and technological development. As long as the customer requests, it can provide one-stop service from program design to final production. Wang Chuanfu said, OEM is just one of BYD's services, selling spare parts, behind is our own technology.
If you want to compete with others, you have to go the way others have gone, and that's self-defeating. "You play exactly the same way as everyone else. Why would you win?" Wang Chuanfu said. So you have to "play your way and I'll play mine."
BYD F0
If you only see people as laborers, they can only work. You see people as creators, they are designers. Indeed, BYD's corporate strategy is fundamentally about breaking the myth that Chinese human resources can only take the cheap, low-end route.
For Wang Chuanfu, Chinese engineers are at their creative best because they always work first and enjoy themselves second. "I think Chinese entrepreneurs are very lucky. God has favored us by putting such a favorable thing on our side. In the past, we only knew how to manage workers, not how to organize engineers."
He emphasized that the real advantage of "Made in China" is to make good use of China's high-level and low-level talents and let them give full play to their potential.
7 Honors and Awards Editor
Hong Kong's "Bauhinia Outstanding Entrepreneur" award in November 2002;
"China's Outstanding Private Entrepreneur" in 2002;
First time in 2002 Entered the "2002 China's Rich List" published by Forbes Magazine for the first time in 2002.
September 2003, he was selected as one of the "Ten Outstanding Youths of Shenzhen"; in June 2003, as an entrepreneur, Wang Chuanfu was selected as one of the 25 "Stars of Asia" by Business Week.
2008 CCTV Economic Personality of the Year "Innovation of the Year Award"
May 14, 2010 "2010 New Fortune 500 Richest People List" ranked fourth, with assets of 34.33 billion yuan.
Awarded as one of the 25 entrepreneurs who influenced China in the 20th century. [5]
8 Wang Chuanfu Quotes Edit
1. Life is like climbing a mountain, but finding the mountain and finding the way is a learning process. In this process, we have to learn to be firm and calm, and learn how to find vigor from panic. Life is tough. If you have an unyielding soul, there will be a solid ground under your feet.
2. We insist on international manufacturing and international quality, and we walk a road that Chinese people should walk.
3. In the battery field, BYD beats Sony and Sanyo with only 30% cost advantage. We have 40% cost advantage, there is no reason to beat foreign companies.
4. At BYD, people are the ultimate executors of every key node and every strategic play. For workers, the combination of high pressure and high wages can have an immediate effect on efficiency, but not for engineers with a high knowledge structure, strong values and high self-esteem. The only way to get them to follow your ideas is to build a cultural identity.
5. Nowadays, domestic private enterprises are small ants and do not give enough consideration to brand management. Everyone is talking about a hundred years of enterprise. Hundred years of enterprise is not the continuation of the product brand and corporate brand, but the son and grandson of the old man. For many enthusiastic "Made in China" OEM enterprises, should not think about this issue?
6. BYD's corporate culture is the beliefs and values that BYD people **** together, and is the embodiment of their honor and dreams.
7. The diligence and hard work of the Chinese nation determines that we will surely become the first in the world.
8. The key to success is to dare to take risks. Very often, it is not whether you can do it or not, but whether you dare to do it or not. [
9Important Events Editor
Wang Chuanfu and Warren Buffett
Wang Chuanfu's most talked about story in the media is that Warren Buffett, the god of the stock market, has become a strategic investor in the company.
Wang Chuanfu's share in the company was HK$1.8 billion in 2008, and he has taken a 10 percent stake in BYD. In 2009, Buffett called Wang Chuanfu a "real star" at the Buffett shareholders meeting.
In Buffett's favor, BYD's stock price has soared, from about 8 Hong Kong dollars at the time of entry, rose to September 28, 2009 closing price of 61.85 Hong Kong dollars. Bright rising curve let Buffett earn a lot of money, and finally let Wang Chuanfu become the richest man.
Buffett believes Wang Chuanfu has unique management and operational skills. Under his management, BYD is a young and dynamic innovative company. As early as March 2003, BYD set up the Electric Vehicle Research Department just after entering the automobile industry, and in January 2006, it formally established the Electric Vehicle Research Institute. It plans to invest 1.02 billion yuan in the next three years, relying on BYD's existing foundation and advantages, to build an electric vehicle R&D, testing center and production base.
Becoming China's Richest Man
[7]2012 Forbes Listed Company CEO Salary Ranking
[7]On June 27th, 2012, Forbes China released the "2012 China Listed Company Salary Ranking". In the list of "Highest Paid CEOs in (a-share) Major Industries", Wang Chuanfu made it to the list with 4.07 million dollars. [7]
2009 Hurun China Rich List
Wang Chuanfu, Zhang Yin and Xu Rongmao were among the top three.
According to the list, the top 12 billionaires on the Hurun 100 Rich List are:Wang Chuanfu (35 billion), the family (33 billion), Xu Rongmao's family (32 billion), Yang (31 billion), Huang Wei, husband and wife (30 billion), Liu Yongxing (30 billion), the family (30 billion), and
Bia