In a highly anticipated annual shareholder meeting, BYD’s Chairman Wang Chuanfu addressed a range of critical issues, revealing both the company’s commitment to its vision and the depth of its CEO’s personal investment in BYD’s future.
The meeting, held today, saw an emotional moment when Wang Chuanfu responded to a shareholder’s expression of unwavering faith in the company. The shareholder, having reportedly divested from other holdings to increase their stake in BYD, prompted a visibly moved Wang to state, “I only have one company, and that is BYD. I have no other businesses.”
Elaborating on the shareholder structure, Wang emphasized the straightforward composition of BYD, noting the absence of external corporate layers. He highlighted, “We are genuinely focused on developing this company, embracing a green ecosystem, and fostering innovation.”
Wang also reiterated his ambitious objective: to transform BYD into the “Toyota of the future.” This vision underscores the company’s aggressive international expansion strategy. He aims to export China’s leading new energy vehicle technology globally, with the monumental goal of achieving an annual production and sales volume of 10 million vehicles.
The Chairman also shared that the company currently has approximately 600,000 undelivered orders, with an estimated delivery timeline of five to six months.
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