Wang Chuanfu
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Wang Chuanfu

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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
Deegares says it is raising prices of lithium batteries by 15 per cent. Photo: Handout
Made in China 2025

Can rising lithium costs save China’s energy storage firms from a price war?

China’s battery makers raise prices amid lithium rebound and global AI energy demand.

China’s private sector

China’s growing young billionaire class masks innovation hurdles, analysts say

SCMP Highlights

China leans on German carmakers; BYD founder bets on new tech: 7 EV reads

Electric & new energy vehicles

BYD founder bets on new tech to win back customers as sales decelerate

Company is pinning its hopes on a 12,000-strong R&D team to come up with technological breakthroughs.

In 2022, BYD dethroned Tesla for the first time as the world’s largest EV builder. Photo: Reuters
Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

BYD

BYD’s quarterly profit falls as weak China sales erode exports growth

Profit fell to US$1.1 billion in the September quarter amid slowing sales and price cuts in BYD’s home market.

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China-Latin America relations

BYD opens massive Brazil plant, its biggest investment outside Asia

Built on a former Ford site, BYD’s Bahia plant is expected to create 20,000 jobs and cement its 74 per cent share of Brazil’s EV market.

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BYD founder and chairman Wang Chuanfu and Brazilian President Luiz Inacio Lula da Silva at the BYD opening ceremony on Thursday. Photo: Handout
BYD

BYD executives buy shares in the EV maker a show of confidence

A total of 37 executives bought 488,200 A shares to ‘display their continued optimism about the investment value of the company’.

Electric & new energy vehicles

BYD ramps up showroom openings, targets full local production in Europe

The Berkshire Hathaway-invested EV maker plans to open 2,000 dealerships by 2026 and produce all models for sale in Europe locally by 2028.

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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BYD Dolphin Surf EVs are parked at the Chinese carmaker’s event in Berlin, Germany, on Wednesday. Photo: Reuters
US-China trade war

Open Questions | Trade deal likelihood ‘quite high’

Chinese economist Yao Yang says both sides realise the widespread pain coming from the US-China trade war, which means they will probably reach an agreement.

US-China trade deal has ‘quite high’ likelihood, says Yao Yang
Electric & new energy vehicles

Fast-charging battery may power Chinese EV maker’s success

BYD’s new five-minute charger may help the world’s dominant electric vehicle maker put some more distance between it and former market leader Tesla.

Electric & new energy vehicles

Xpeng says robotics industry will get bigger than automotive sector

Xpeng plans to mass produce humanoid robots and flying cars for the consumer market by the end of next year.

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Electric & new energy vehicles

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

The new battery and charger platform from the world’s biggest EV maker operates at 1 megawatt, twice the power of Tesla’s fastest offering.

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Visitor view a BYD Sealion 7 EV at the 41st Thailand International Motor Expo, in Bangkok, Thailand, on November 29, 2024. Photo: Reuters
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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