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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
The push in AI would likely bring EV models with conditionally autonomous driving capability, or Level 3, to market, according to Morgan Stanley. Photo: Getty Images
Electric & new energy vehicles

AI could redefine China’s EV market: Morgan Stanley

Carmakers redirect resources to autonomous driving upgrades, hoping AI can deliver growth beyond subsidy-driven sales.

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Electric & new energy vehicles

China’s BYD aims for zero accidents with ‘God’s Eye’, vows crash cost coverage

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Banking & finance

Can currency swaps make China a lender of last resort?

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Mainland China

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Illustration: Lau Ka-kuen
Electric & new energy vehicles

BYD’s four-year profit run ends, eyes global markets as next engine of growth

Earnings at China’s EV leader fall short of expectations amid intense domestic competition.

Electric & new energy vehicles

Xiaomi’s new-generation SU7 launch sparks fresh EV fight with Tesla in China

Updated smart sedan debuts with improved safety and smart-driving features, intensifying competition with Tesla and domestic rivals.

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Electric & new energy vehicles

China’s BYD looks to make EV charging as fast as filling up with petrol

Company says its new Blade Battery 2.0 can be charged from 10 per cent to 70 per cent in 5 minutes.

BYD’s new Blade Battery 2.0 could help end range anxiety, the company’s chairman, Wang Chuanfu, told a live-streamed event on Thursday. Photo: Weibo
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

Technological innovation – one of Beijing’s top priorities – is helping to drive wealth creation, report says.

SCMP Highlights

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

From Spain’s new electric car plan to BYD’s founder betting on new tech to win back customers, here are seven EV stories you may have missed.

Robot arms are seen at work on a car production line at a factory of FAW-Volkswagen in eastern China’s Shandong province on March 12. Photo: AFP
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.

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’.

BYD reported a 30 per cent drop in second-quarter profit as steep discounts on the mainland squeezed its profit margin. Photo: Xinhua
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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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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President Xi Jinping has brought together leading figures in China’s business community for a high-level meeting. Photo: Xinhua
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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