Brand name Build Your Dreams: What is the BYD founder doing?

How can a company with 27 years of history, which was founded when the Chinese car and electronics craze reached its “peak point”, become one of the three largest battery suppliers in the world, especially in automobiles, or partner with one of the world's largest investors, such as Warren Buffet of the USA. If the founder makes the initials of a motto the name of his company and brand, it can happen: Make Your Dreams Come True, namely Build Your Dreams... BYD in short.

Yes, BYD is not a half-century-old company. Wang Chuanfu founded this company in February 1995 and split the company into two... BYD Automobile and BYD Electronic. Therefore, it also produces cars and buses, electric bicycles, forklifts, solar panels, and rechargeable batteries... These batteries give life not only to electric vehicles but also to mobile phones.

The Shenzhen-based company has 288,000 employees. Last year, it had a turnover of 32.8 billion dollars. BYD, which entered the European market with its electric buses, showed its growth targets by taking part in this year's Paris Motor Show with its passenger models. BYD Automobile, which was born with the acquisition of Tsinchuan Automobile in 2002, also announced that it intends to surpass Tesla by becoming the world's top-selling electric car brand. So “Volkswagen, wake up if you want!” The situation is in question because VW has been torn up lately saying "I will beat Tesla"... BYD, which has made electric vehicle and battery agreements with giants like Toyota, is walking on the streets today as the world's "number 2 battery supplier"...

He took care of his brothers!

Although he is one of the two founding partners of the company (the other is already his cousin), Wang Chuanfu, who came to the fore because he was also the CEO of BYD, is close to $ 20 billion, although it has dropped by $ 2 billion. The reason for the decline was that Warren Buffett, the owner of Berkshire Hathaway, who was the driving force by investing in BYD in 2008, sold some of his shares.

Well, who is Wang, who has established a company that has become a world giant in such a short time and has become one of the few rich people? For one thing, he was born in the poor part of the country, just like Geely's boss Li Shufu. He wasn't very lucky, actually, because he lost his parents while in high school. Then he had to take care of his brother and sister. Undeterred by this, Wang studied chemistry, especially battery technologies, at Central South University after high school. However, he was not satisfied with this and completed his master's degree in 1990.

After that, Wang, who worked as a researcher on behalf of the government for years, was greatly affected by the wave of reform and softening initiated by the Chinese administration in the 90s. And at the age of 29, he decided to move into the private sector and even start his own company, taking his cousin Lu Xiangyang with him. Its primary purpose is to manufacture batteries and batteries for mobile phones. When it succeeds in selling goods to important manufacturers such as Samsung, this time the target becomes larger. Automotive is one of the attractive and promising areas in the country. Therefore, in 2002, he bought a company and established BYD Automobiles. Again, they have different opinions. He thinks that he can use the batteries he produces in the cars he will produce himself. For this purpose, it enters the electric and hybrid car business in China, before it has become widespread yet. In 2008, it produces the first externally rechargeable hybrid and electric models. In the same year, the attention of the rich US investor Buffet and his $230 million investment.

Milestone: E6

In 2010, it launched fully electric taxis in Shenzhen, where the company is headquartered, with the support of the government. 40 taxis are produced from the first generation of BYD E6, a vehicle between a crossover and a minivan, and they begin to serve in the city for test purposes. E6s, which came to the fore with the news that it "burned by itself" all over the world at first, started to be sold to the civilian public this time in 2011.

Its bugs have been fixed and it has been quite successful. It also plays a role in opening BYD to the world. In addition to China, it is also offered as a taxi in Indonesia, Colombia, Belgium, and even in New York and Chicago in the USA. Next come the Netherlands, England, and Australia. The BYD e6 was selected as China's "best-selling all-electric car" in 2016, and also received the "Best Quality Product" award in Cuba. In the meantime, the electric bus business entered and it enters the European market by storm. Meanwhile, investor Buffet has earned “26 times” his investment from BYD. Because the company's business is on track now. BYD, which sold 300 one rechargeable electric cars in the first 6 months of this year, also sold close to 155 thousand electric vehicles in the same period.

BYD's new job is on the "chips" that have shaken the automotive industry for the past two years. On the one hand, BYD, which is trying to spread especially in the US and European markets with its electric vehicles, announced that its next focus is on the production of electric motors, electronic control systems, and chips used in the automotive, as well as batteries.

Although announcing that he will surpass Tesla, Wang, "who eats the bread of electric vehicle awareness" created by the Chinese factory opened by the American manufacturer in 2019, is now trying to make a difference with its new models bearing the names of Chinese dynasties, which will appeal to the Chinese. So with "Tang" and "Han"...

So as you can see, Wang has already realized his dreams for a long time, while trying to win over his customers by writing "Build Your Dreams" on the back of the cars he produces...

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