Gender: male

Date of birth: 1968

Native place: Wuwei, Anhui

Graduate school: Central South University, majoring in metallurgical physical chemistry (undergraduate), Beijing Institute of Nonferrous Metals (master).

Company headquarters: Shenzhen, Guangdong

Main industries: rechargeable batteries, automobile manufacturing.

Industry status: the first rechargeable battery manufacturer in China and the second rechargeable battery manufacturer in the world.

Listed company: BYD (12 1 1. HK)，

June 5438 +2003 10, BYD, who had no experience in automobile production, bought 77% equity of Qinchuan Automobile for 296 million yuan. After the news was announced, BYD's share price fell for three consecutive days, from HK$ 18 to HK$ 12. However, the goodwill of the fund manager and the general doubts of various media did not make Wang Chuanfu change his decision. In August of the same year, Wang announced that he would invest 2 billion yuan to build a production base with an annual output of 200,000 electric vehicles and 65,438+10,000 sets of spare parts in An. At present, BYD's share price has rebounded to nearly HK$ 30.

History of struggle

After finishing his master's degree, Wang Chuanfu worked in his own research institute for three years, and then worked as the general manager of a battery company in Shenzhen. 1995, BYD was founded with his cousin Lv Xiangyang (No.48), and now it is 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.

1990 Wang Chuanfu, graduated from Beijing Institute of Nonferrous Metals with a master's degree, and works in Room 30 1 of the Institute. He served as deputy director, director, senior engineer and associate professor step by step, and also brought out a group of graduate students.

Wang Chuanfu, who has worked in the institute for five years, suddenly 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. 1February, 1995, Wang Chuanfu resolutely went into business and registered BYD Industry in Shenzhen.

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 participated in the supplier's material development, and made use of BYD's powerful scientific research ability to make 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 gave the order of Sanyo to Wang Chuanfu without hesitation.

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.