The HIDDEN TRUTH About BYD | How Wang Chuanfu Created BYD the Biggest Electric Car Maker in World
Wang Chuanfu was born in a farm village in one of China's poorest province. In 1995, Wang Chuanfu launched a rechargeable battery company called Build Your Dreams or BYD which started making electric vehicles. In 2008, Warren Buffett Berkshire Hathaway made an investment of $230 million in BYD. Globally China is the most important EV market for both Tesla CEO Elon Musk and BYD CEO Wang Chuanfu. In October 2023, BYD sold twice as many electric vehicles as Tesla did in China. BYD not only sells more electric vehicles than Tesla but also makes more profit from each sale. Today BYD is China’s biggest EV maker. With his 19% stake in BYD, Wang is worth over $14 Billion.
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