After having some practical experience in enterprise management and battery production, Wang Chuanfu found that batteries, as one of his research fields, are facing huge investment opportunities. At that time, it took 20,000-30,000 yuan to buy a "mobile phone", and buyers had a strong desire to buy. Wang realized that with the development of mobile phones, the demand for rechargeable batteries will increase. In his view, technology is not a problem, as long as it can be scaled up, it can make a big difference. 1In February 1995, Wang Chuanfu and his cousin Lv Xiangyang founded BYD, which is now replacing the monopoly position of Japanese battery companies and becoming a first-class battery manufacturer. During the Asian financial crisis, BYD's exports shrank extremely. But this summer, it was successfully listed on the main board of Hong Kong. Last year, it achieved sales revenue of 65.438+0.5 billion US dollars (in 2000, it was 65.438+0.5 billion US dollars), paid taxes of 24 million US dollars, and employed 6.5438+0.5 million people.
Wang Chuanfu's project also has his uniqueness. Compared with many domestic enterprises who blindly pursue modernization and often unrealistically spend a lot of money to introduce international leading production lines, Wang Chuanfu has been developing products independently from beginning to end. 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 intervened in the supplier's material development, and made use of BYD's strong scientific research ability to jointly formulate a plan to reduce costs. For example, a nickel-cadmium battery needs a lot of cobalt, which is a negative electrode manufacturing material. If cobalt with good performance is imported from abroad, the cost is extremely high. BYD cooperated with a company in Shenzhen. After clarifying the quality gap between domestic and foreign cobalt, it formulated detailed measures to improve the quality of domestic cobalt, and finally made domestic cobalt meet the international quality requirements, and the cost was 40% lower than that of foreign products. Due to the wide application of anode materials, BYD can save tens of millions of yuan a year.
1995 In the second half of the year, Wang Chuanfu tried to give BYD's products to Bus Company, the largest cordless telephone manufacturer in Taiwan Province Province, for trial use. Unexpectedly, the excellent quality and low price of BYD products aroused Daba's strong interest. At the end of the year, the dam did not hesitate to transfer Sanyo's order to Wang Chuanfu.
From 65438 to 0997, BYD grew from an unknown role to a medium-sized enterprise with annual sales of nearly 1 100 million yuan. In the past three years, BYD has achieved an annual growth rate of 100%.
During the period of 1997, the financial turmoil swept through Southeast Asia, and the global battery product prices plummeted by 20% to 40%. Japanese manufacturers were once on the verge of losing money, but BYD's low-cost advantage became more and more comfortable. Philips, Panasonic, Sony and even General Motors have also placed exciting large purchase orders with BYD. In the nickel-cadmium battery market, it took Wang Chuanfu only three years to seize nearly 40% of the global market share, and BYD became a well-deserved leader in nickel-cadmium batteries.
After gaining a firm foothold in the field of nickel-cadmium batteries, Wang Chuanfu immediately seized the second opportunity and began to develop nickel-hydrogen batteries and lithium batteries with core technologies in the battery market. To this end, Wang Chuanfu invested a lot of money, purchased the most advanced equipment, searched for the most cutting-edge talents, and established the Central Research Department. At that time, the lithium-ion battery was dominated by the Japanese, and domestic counterparts did not believe that BYD could make it. It is said that Wang Chuanfu was ridiculed in the industry at that time, but he believed it was an opportunity.
Subsequently, Wang Chuanfu specially established BYD Lithium-ion Battery Company, and this decision has achieved fruitful results today. According to the statistics of Nikkei Electronic News, at present, BYD ranks behind Sanyo, Sony and Panasonic in the field of lithium-ion batteries and nickel-metal hydride batteries, and has become an international battery giant with the same reputation as these three Japanese manufacturers.
At present, BYD's production scale has reached10.5 million nickel-cadmium batteries, 300,000 lithium-ion batteries and 300,000 nickel-hydrogen batteries, and 60% of its products are exported. Customers in the mobile phone field include Motorola, Ericsson, Kyocera, Philips and other international communication giants, as well as new domestic mobile phone forces such as Bird, TCL, Konka, and cordless phone users include VTech, Panasonic, Truly and other industry leaders. BYD has become the second largest battery supplier in the world after Sanyo, accounting for nearly 65,438+05% of the global market.
On September 29th, 2009, Hurun Research Institute announced that Wang Chuanfu became the richest man in China this year with a wealth of 35 billion yuan, and his wealth increased by 29 billion yuan compared with last year, and his ranking rose from 103 last year to 1 this year. Wang Chuanfu-Honorary Title In June 2002, he won the Hong Kong "Outstanding Entrepreneur of Bauhinia" award with 1 1;
"Outstanding Private Entrepreneurs in China" in 2002;
In 2002, he first entered the "2002 China Rich List" published by Forbes magazine. In September 2003, he was selected as one of the "Top Ten Outstanding Youth in Shenzhen"; In June 2003, as an entrepreneur, Wang Chuanfu was selected as one of the 25 "Asian Stars" of Business Week.