Tiger Mouth Eater King Chuanfu and His Trillion New Energy Empire (Part 2)

01

Years from now, facing a trillion-dollar by-one BYD, Buffett will remember the distant day when his old partner Munger exclaimed that he discovered "the fit of Edison and Welch."

"Dude, this guy is just a genius... He can master the most cutting-edge technology and do things that others can't do. ”

Munger said to Buffett in a serious tone, "He can solve technical problems like Edison, and he can do everything like Welch." I've never seen anyone like that before! ”

"If you don't invest in him, you're going to miss out on a Henry Ford, a Thomas Edison, a Bill Gates."

As long as Munger speaks, it is no small matter.

Comparing Wang Chuanfu to three technical maniacs who rewrite history, Munger almost blew him to the sky, but Buffett still "couldn't believe it in capital letters", but because of decades of friendship, he let himself go to Shenzhen to find out.

Buffett's consistent investment principle is not to buy what he does not understand, so he escaped the worst Internet bubble, and successfully escaped Apple, Microsoft and Amazon at the best of times, and this time letting Sokol do due diligence is already a breakthrough!

In 2008, Sokol quietly came to the BYD production base in Pingshan, Shenzhen, which is also BYD's headquarters base, and was instantly stunned by the scene in front of him, and the 100,000 employees on the assembly line performed their duties, "How is this possible"!

Seriously, this then recognized "Buffett successor" is really a bit rare and strange, he should go to Longhua Science and Technology Park to see again, at that time, the Foxconn factory employees who had not yet been surprised by the "nine consecutive jumps" were as high as 300,000, and the population of the entire Longhua District was about 400,000 people.

However, Sokol is also worth the trip.

He has experienced this life and may not be able to forget one thing, in order to show that his battery is 100% environmentally friendly, Wang Chuanfu drank the electrolyte in front of him!

Yes, you read that right, Wang Chuanfu, he drank, it tasted average, and after drinking it all, he handed it to Sokol to toast everyone's friendship.

Looking for Sokol's inner OS and shadow area at that time?

Like many domestic experts, Sokol, who did 4 days of due diligence in Shenzhen, is not very optimistic about the development prospects of BYD's electric vehicles, after all, at that time, the three major auto giants in the United States - General Motors, Chrysler and Ford were on the verge of bankruptcy, how big a wave could BYD set off?

No wonder Wang Jianlin once sighed, "No wonder some people call experts "brick family". When Wanda acquired AMC of the United States, a professor "wrote more than 3,000 words" arguing that Wanda was bound to fail as a global cinema line, and Wang Shoufu couldn't help but criticize the professor.

The real investment is not invested in the right project, but in the right people.

Although Sokol is not cold to BYD, "BYD's cars are far from catching up with Toyota, which is undeniable." "But when I returned home, I immediately reported to Buffett, and what I observed was very consistent with Munger's analysis," This guy's amazing. You want to meet him.” (This guy is so attractive, you must be eager to meet).

In this way, under the lobbying of two "smart people", Buffett broke his practice of not investing in high-tech and decided to invest in BYD.

However, Buffett never expected to become the second "Son Zhengyi".

Son initially decided to invest $40 million in Jack Ma, but after several haggling, Mr. Ma eventually took $20 million in investment.

At the beginning, Buffett held out five fingers and said to Wang Chuanfu, "$500 million, 20% of the shares." "This is his biggest investment in China outside of PetroChina."

However, Wang Chuanfu seems to be possessed by the richest man in The Horse, "Think too much, give you up to 10% of the shares." ”

Buffett's investment career for so many years has always been his rejection of others, who dares to reject him, Bill Gates has eaten his closed door soup.

For this reason, he once complained to Wang Chuanfu: "Chinese is very great, and now there are Chinese companies that refuse to let me take shares." But he has since admitted that he bet on BYD because Wang Chuanfu is his favorite Chinese CEO, "a combination of Edison and Bill Gates."

Looking at the world, there are only four CEOs who can enter Buffett's legal eyes, in addition to Wang Chuanfu, the other three are Apple CEO Cook, Amazon CEO Bezos, and CEO Precision Parts CEO Donigen.

In less than three months, Buffett spent $230 million to eat 225 million shares of BYD at a price of $1.03 per share (about HK$8), accounting for 10% of the shares, becoming BYD's second largest shareholder.

The cooperation between these two legends can be described as seamless, in fact, from the harmonic sound of BYD, you can see how successful this cooperation is.

In the past, BYD has been criticized for its quality and problems, and BYD has been pranked by netizens in various ways, such as don't move, don't want, dad use, bless dad, bi crooked, forced, B-raised, etc.

Wang Chuanfu not only gave BYD a new significance - "Build Your Dreams", but also won the throne of the richest man in the 2009 Forbes Chinese mainland Rich List and Hurun Rich List in one fell swoop under the blessing of the golden sign of the stock god.

Fame and fortune!

As for Buffett, it is relatively simple and rude, BYD is Bring Your Dollars, (give me your dollars), but for netizens, the story is not important, the important thing is still that meme.

In 2008, Buffett bought BYD near HK$8, and BYD rose to 80 yuan in one breath, and people said: Buffett is worthy of being a stock god;

In 2012, BYD fell to 9 Hong Kong dollars, Buffett continued to hold the position, people said: Buffett is "cheap and old".

In 2017, BYD rose back to 80 yuan again, Buffett continued to hold the position, people said: Buffett is indeed a stock god.

In March 2020, BYD's stock price fell to 33 Hong Kong dollars, Buffett continued to move, people said: Buffett's brain is bad, if he doubles tenfold, he will run away.

In October 2021, BYD's stock price rose to HK$324.6 in one go, doubling 40 times, and people said: Buffett is really a stock god.

......

Time has been passing, capital never sleeps, and many times, the story of Buffett and BYD is just a talking point after eating melon masses!

Buffett God is good, old or old, and you have no melon, the key is whether you make money?

This is a postscript.

02

After the peak, the best situation will fall, and the joy of bliss will not last long.

BYD from an obscure small workshop to a world-renowned multinational company, Wang Chuanfu from self-made to the top of the "Hurun Rich List", seemingly unlimited scenery, but in fact the crisis is hidden.

In the spotlight, Wang Chuanfu's golden sentences came out:

"In 2015, BYD will be the first in China and the first in the world in 2025."

"Who in the company knows better than I do, and 98 percent of my decisions are correct."

"Nature didn't give us oil, but gave us the desert, and the sun's daylight hours in the desert can reach three or four thousand hours a year. In the future, if 1% of China's desert area is paved with solar panels, China's electricity is enough, and all thermal power can be turned off. ”

These words have become the handle for experts to ridicule Wang Chuanfu's whimsy, and netizens also feel that Wang Chuanfu is a bit floating, believing that the crisis is already knocking on BYD's door.

In 2009, the reason why Wang Chuanfu became the richest man was that in addition to the blessing of the stock god, it was also inseparable from the country in the context of the global financial crisis

The most important policy of the economic stimulus policy of the automotive industry introduced by the state is the "Adjustment and Revitalization Plan for the Automobile Industry" issued by the General Office of the State Council in March 2009.

Thanks to policy stimulus, BYD's auto sales jumped from 170,900 units in 2008 to 448,400 units, surpassing Chery and Geely in one fell swoop and becoming a dark horse in the industry.

Based on BYD's sales miracle in 2009 and optimistic estimates of market growth prospects, Wang Chuanfu raised the production capacity in 2010 to 760,000 vehicles per year, compared with only 250,000 vehicles the previous year, while the sales target was directly triple jumped - 600,000 vehicles, 800,000 vehicles, and 1 million vehicles.

"When I found the automobile industry, the cake with the greatest potential in the Chinese market, I rushed up too slowly, and I wanted to pounce on it," Wang Chuanfu once said.

There are millions of vehicles at every turn, and BYD's highest annual sales in these years are only about 500,000 vehicles, such a fierce small target, Li Shufu is also under pressure.

In 2010, China's auto market was full of good news, and the production and sales of automobiles exceeded 18 million vehicles, not only ranking first in the world, but also setting a new record high in the world.

However, even if the Chinese auto market is booming, Buffett with Munger and Bill Gates as Wang Chuanfu station, BYD still did not complete the initial small goal, bydir car sales of 520,000 vehicles that year.

It is worth noting that at the end of this year, a series of policies introduced by the state to revitalize the automotive industry in response to the global financial crisis withdrew.

In 2011, Wang Chuanfu was unfavorable, BYD was not going well, sales fell rapidly, dealers withdrew from the network, sales managers left, the tide of curve layoffs, profits shrank dramatically, CCTV exposure of "air bag gate" and other negative events continued, BYD word of mouth fell together with the stock price.

Suddenly, the voices such as "BYD's Great Defeat" and "BYD Lessons" were very loud, and the real estate bosses led by Boss Xu recently had a deep feeling.

In "A Generation of Grandmasters", Uncle Zhao Benshan was right: how big an ass is long, how big pants to wear.

This time, after falling on a big heel, Wang Chuanfu finally admitted in public for the first time that BYD had made three major mistakes, "in the past, too much pursuit of the number of dealers, ignoring quality", "publicity mistakes", and insufficient attention to product quality.

The third mistake, in particular, is almost unforgivable, with BYD's claim rate (the rate at which new cars claim over spare parts quality issues in three months) was once as high as 40%-50%, while The average product of Chinese joint ventures was only 10%, and Japanese cars were as low as 5%.

Acknowledging the three major mistakes, Wang Chuanfu immediately threw out BYD's three dreams: electricity, electricity, and electricity. That is, solar power generation, the second dream is to build energy storage power stations, the third dream is electric vehicles.

Of course, regarding dreams, whether it is ordinary people or Wang Chuanfu, the voices heard are more ridicule and sarcasm than cheering and cheering. Previously, some insiders commented, "BYD makes mobile phone batteries, and building electric vehicles is foolish." ”

The once invincible BYD finally stepped off the altar, people rushed to tell each other that "he also has today", and Wang Chuanfu chose to continue to quietly move forward for his dream until the world was amazing.

Wang Chuanfu admits that he also wants to change, he said that he is not a person who is good at communication, according to his interests, he prefers to work with engineers in the laboratory to do technology.

After BYD encountered these things, he also began to understand the importance of improvement, and now he is slowly accustomed to communicating with the media, and will communicate more from behind the scenes to the front desk to communicate with all walks of life.

Wang Chuanfu's willingness to meet with the media and admit his mistakes in public is a big change.

You know, admitting mistakes is one of the most difficult things in the world, awesome leaders often don't make mistakes, and the only thing a woman will admit is to marry the wrong person!

Historically, many cattle people would rather die than admit their mistakes, such as Xiang Yu, who had no face to face Jiangdong's father and elders and killed himself in Wujiang, and the emperor who was hoodwinked by the traitors in "Langyabang", who was unwilling to retry the old case of the Red Flame of that year.

If a person is not a sage, who can be blameless? If you can change it, you can do it well.

03

2011 was an important turning point for China's economy, with economic growth bidding farewell to double-digit growth in the past and economic development entering a new normal.

"Jiang you jun", "garlic you fierce", "sugar Taizong"... Along with the "roller coaster" market of agricultural products, the CPI was once "rising", which laid a haze for the "price mood" of the people at that time.

Ten years later, "the absolute double focus" and "oil soared"... Along with the "roller coaster" market of bulk commodities, PPI has reached a new high, bringing the bitter fruit of "pulling the gate and curtailing electricity" to the current production enterprises.

Ten years of ups and downs, Wang Chuanfu is still the "technology maniac", BYD is no longer a company that will only vigorously advocate the new energy strategy.

What many people don't know is that BYD's current influential materials, technologies, products, etc. basically began to be laid out around 2011, such as PMH (metal and plastic integrated molding technology), photovoltaics, IGBT, cloud rail, etc.

Before 2011, mobile phones and even almost all 3C products used plastic back cases, and after that, BYD pioneered PMH technology to promote the global mobile phone to the metal age.

Of course, BYD's exploration and layout of new materials is far more than this, as well as a series of mobile phone structural parts such as low dielectric constant PMH plastics, 3D glass, ceramics, metal frames, metal shells and so on.

In this way, BYD has become an indispensable partner for Apple, Samsung, Huawei and other first-line manufacturers at home and abroad. In 2018, BYD Electronics shipped about 200 million metal structural parts, accounting for about 1/3 of the total shipments of Android metal mobile phones in the world.

Wang Chuanfu said a long time ago that the core product of BYD Semiconductor in the future will be IGBT (insulated gate bipolar transistor).

IGBT modules play a vital role in electric vehicles and are one of the core technical components of equipment such as electric vehicles and charging piles.

As we all know, the battery reserves of new energy vehicles are DIRECT CURRENT, and the motor uses alternating current, and the IGBT chip becomes a bridge for the conversion of the current nature of the two, while also undertaking the high and low conversion function of voltage, IGBT module accounts for nearly 10% of the cost of electric vehicles, accounting for about 20% of the cost of charging piles.

IGBT is a basic product related to the national economic development, such an important IGBT, for a long time China has to face the embarrassing situation of relying on imports, the market is mainly dominated by Infineon, Mitsubishi, Fuji Electric led by the international giants almost monopolized more than 90% of the domestic IGBT market.

It was at this difficult moment that by-one independently developed 1.0-generation IGBT chips came out, successfully breaking the monopoly of international manufacturers and achieving a breakthrough in China's IGBT chip technology for automobile use;

The 4.0-generation IGBT chip has set a new benchmark for domestic high-end vehicle IGBTs, surpassing the products of mainstream companies such as Infineon in many key indicators such as current output, comprehensive loss and temperature cycle life, in addition, BYD is increasing the research on the third-generation semiconductor material SiC, which is expected to achieve full autonomy and controllability.

According to Omdia statistics, in terms of IGBT module sales in 2019, BYD Semiconductor ranks second among IGBT module manufacturers in China's new energy passenger car motor drive controllers, with a market share of 19%, second only to Infineon, ranking first among domestic manufacturers, and in 2020, it still maintains the leading position of global manufacturers and first domestic manufacturers in this field.

The recently launched IGBT6.0 chip adopts a new generation of self-developed high-density trench grid technology, which will achieve major breakthroughs in reliability and product performance compared with similar products, and reach the international leading ranks.

At present, BYD is the only car company in China with a complete industrial chain of IGBT, including IGBT chip design, wafer manufacturing, module packaging and other parts, as well as simulation testing and vehicle testing.

When it comes to photovoltaics, it is necessary to mention the "trilogy" of progressive strategy proposed by Wang Chuanfu in 2008 - the strategic layout of "from energy acquisition, storage to application, getting rid of dependence on fossil energy", which is called BYD's "three green dreams".

Also in 2008, BYD invested 500 million yuan in solar cell projects in Shaanxi broke ground, the domestic energy storage industry pioneer was born, who could have imagined that BYD's global lithium battery energy storage capacity can exceed 750MW, energy storage products are exported to more than 20 countries, more than 90 cities, footprints across six continents around the world.

Although the forward-looking industry of BYD's photovoltaic layout has been confirmed by the national macro policy and has stood at the "outlet" of rapid development, the timing of BYD's layout is not very good.

First of all, it caught up with the financial crisis haze that shrouded the world, and the photovoltaic subsidy policy of Western countries declined, and then European and American countries successively set off a "double reverse" investigation of China's photovoltaics, which became the last straw that overwhelmed China's photovoltaic industry.

From 2005 to 2008, "silicon is king" was the consensus in the industry at that time, the price of polysilicon soared from $40 / kg all the way to $500 / kg, Wang Chuanfu saw unlimited business opportunities, but also witnessed the glory of early photovoltaic entrepreneurs.

By the first half of 2012, the price of polysilicon had dropped to $24 per kilogram, and BYD entered the game, perfectly missing the first round of expansion and explosion of China's photovoltaic industry.

Suddenly, the radical expansion of Chinese photovoltaic companies fell into the hell of serious overcapacity overnight, companies have gone bankrupt, only during the financial crisis, there are more than 300 domestic photovoltaic module companies closed.

At that time, someone described the situation like this: "It was like a firework, banging, going up to the sky, and all that fell was ash!" ”

Although BYD has just entered the photovoltaic field and its development is more radical, Wang Chuanfu's goal is to turn the desert no man's land into a solar power station. "Let all the thermal power, hydropower, and nuclear power go to hell!" But the good guy persevered through a difficult time and became a rising star.

At present, BYD has mastered the whole industry chain technology such as silicon ingots, silicon wafers, cells, and components. "Investment is to burn money, some people say it is bold, in my opinion, we use technology to make the strategy look farther and deeper." Wang Chuanfu said.

According to the "2020 Module and Inverter Financing Value Report" released by Bloomberg New Energy Finance, BYD's financing value in the field of photovoltaic modules ranks eighth in the world, becoming one of the "world's most financing value module brands in 2020".

"What is one of the biggest drawbacks of the sun? There is no sun at night, it is discontinuous energy, at this time it is necessary to use energy storage. Wang Chuanfu pointed out that half of the use of solar energy requires energy storage systems to achieve a balance between supply and demand.

This is BYD's chance, after all, his best play is the battery.

Through photovoltaic power generation to lithium battery energy storage to drive new energy vehicles, which can not only create BYD's new energy empire wall, but also solve the problem of "pseudo-environmental protection" of China's new energy electric vehicles.

Perfect!

However, some people will still feel that this is a dream, a, a scam of money, just like Buffett will be ridiculed as old at every turn.

In particular, it is worth mentioning that in 2011, Wang Chuanfu felt that China's traffic congestion was sharply serious, and on the one hand, he took the lead in proposing a "city bus electrification" solution in the world.

Wang Chuanfu once said with confidence, "(In 2011) we proposed the new energy of urban public transportation, and few people believed it. Before 2014, the new energy of urban public transport was widely promoted, and it became a national strategy in 2016. ”

At present, BYD has delivered more than 55,000 pure electric buses to the global market, ranking first in the world in cumulative sales, with footprints covering six continents, and participating in the formulation of new energy vehicle standards in many countries and regions.

On the other hand, Wang Chuanfu also secretly started the research and development of cloud rail yunba, and did not make this plan public until 5 years later, hoping to solve the pollution of the city with electric vehicles and solve the congestion of the city with cloud rail.

The so-called cloud rail, is a single-column light rail built in the air, with BYD design of the "Yunba" used together, the carrying effect is equivalent to the light rail or subway, but the area is small, the cost is low, very popular with small and medium-sized cities,

In October of the same year, the first 'cloud rail' was quickly built within Shenzhen Pingshan BYD Company, and BYD's first "cloud rail" project was officially opened to traffic in Shenzhen Pingshan New District, with a speed of up to 80 kilometers and a total mileage of 4.4 kilometers.

Wang Chuanfu believes that BYD's future is to build a "city on the track", and he also made a bold statement that he will "rebuild a BYD" in the field of rail transit.

However, due to policy restrictions, the multi-site cloud rail project has been stopped, and the only cloud rail that is currently open to traffic is located in Yinchuan Flower Expo Park, which belongs to the tourist route and has half a year to close the park every year.

At the same time, BYD overseas is actively expanding the rail transit market, and at present, two Brazilian cities - Salvador and São Paulo have signed contracts with BYD to build cloud rail.

BYD adheres to independent research and development, mastering the core technologies of the whole industry chain such as rails, motors, electronic controls, body, chassis, bogies, rail beams, and turnouts, and has also realized unmanned driving.

BYD is responsible for control and positioning, and Huawei is responsible for the 4.5G orbital communication private network.

Cloud rail, from the core of software and hardware to unmanned driving, and then to the communication private network, does not rely on any foreigners, China has 100% completely independent intellectual property rights!

In 2011, who would have thought that Wang Chuanfu and his BYD, who were on the cusp of the storm, had done so much silently, confirming an old saying, "Look for heroes to use martial land, good flowers are everywhere fragrant." ”

04

In 2013, the first Tesla came to Chinese mainland, and the owner affectionately called it "Tete".

It is said that the MoldE S he bought was transferred directly from Hong Kong, plus various expenses, costing a total of more than 2.5 million yuan.

Because it cannot be licensed, the car cannot be on the road, it can only be used for exhibitions, and the monthly exhibition income alone is as high as 600,000 yuan, which shows how popular Tesla was at that time.

No one expected that after 8 years, the "God Car" Tesla would force the owner of the "God" car to the roof of the car, so it was better to dance?

At that time, Wang Chuanfu was not cold to this so-called "Jobs + Iron Man + Du Minjun (Professor Du)" consortium - Musk, and later he said with a little disdain, "As long as household consumption starts, BYD can build Tesla in minutes." ”

That year, the state released the 2013-2015 new energy vehicle subsidy policy, which for BYD, with the policy of dongfeng and the new energy market heating up, finally survived the cold winter and entered another period of rapid development.

On May 19, 2021, BYD's 1 millionth new energy vehicle officially rolled off the production line, becoming the first brand in China to enter the "Millions Club" of new energy vehicles.

In addition, BYD has also achieved the first place in China's new energy vehicle sales for 8 consecutive years (2013-2020) and the world's first place for 4 consecutive years (2015-2018).

It is no exaggeration to say that Wang Chuanfu looked down on Musk at the beginning or was a bit emboldened, after all, at that time Musk was almost bankrupt several times, until the birth of the Shanghai Super Factory, Tesla's tail can not be solved, the global new energy vehicle market, BYD this is the second place.

For Tesla, Wang Chuanfu once commented, "Tesla is a respectable enterprise in itself, because it has an innovative spirit, but if it is a simple assembly, to win by design, it will soon be surpassed." ”

In September 2016, a picture of Wang Chuanfu wearing a white shirt and crouching on the side of the road eating a box lunch flowed out, which was hotly commented on by netizens, and later some people compared him with Ren Zhengfei, who was queuing up at the airport to take a taxi.

These two are the leaders of The representatives of Chinese national brands, and have fought several core technology battles, many "from 0 to 1", creating a lot of "from scratch".

If China has a few more entrepreneurs like them, then the road to conquering the "card neck" technology in important areas, mastering more "hand-to-hand" technology, and strengthening the national strategic scientific and technological strength will be much faster.

History has no ifs, only ifs and generations of people work hard, there will be results.

At the celebration of BYD's 23rd anniversary, Wang Chuanfu put forward the goal of achieving an overall revenue of more than one trillion yuan by 2025, and released the vision of building BYD into a century-old store.

In 2017, BYD's turnover was about 102.6 billion yuan, which means that Wang Chuanfu needs to rebuild 9 "BYDs" to achieve his trillion small goal.

In three years, BYD's revenue has only increased by more than 50 billion yuan. As a result, many people are laughing at Wang Chuanfu for always being full of unrealistic romantic imaginations.

They can't see what IT means behind BYD's "drawings within 3 days, R&D and manufacturing of mask machine production equipment within 7 days, and formal production of masks within 10 days".

From scratch, the newly built mask assembly line has a daily production capacity of 5 million masks, equivalent to 1/4 of the previous national production capacity, ANDD has become the world's largest mask factory in a short period of time.

They do not see that the energy automotive industry has now steadily entered a new stage of high-quality market-oriented development.

In October this year, China's new energy vehicle market penetration rate continued to maintain a historical high of 16.4%, and the new energy passenger car market penetration rate was 18.2%. BYD's monthly sales exceeded 80,000 vehicles to sit firmly in the first place, dumping Tesla several streets, and the market value is only one step away from trillions.

They cannot see the country's long-term development plan for the new energy vehicle industry - the sales volume of new energy vehicles and new vehicles will reach about 20% of the total sales of new vehicles in 2025; by 2035, pure electric vehicles will become the mainstream of sales vehicles, and public sector vehicles will be fully electrified.

Of course, they can't see the deep logic of the country's vigorous development of new energy, otherwise, they would have made a lot of money on the "BYDs" instead of joking and joking.

05

Some people say that Wang Chuanfu is the representative of Chinese automakers, especially the BYD he built has become an indispensable force in the global new energy vehicle revolution, and has made indelible contributions to China's "carbon neutrality".

Some people also say that Wang Chuanfu is a representative figure in China's science and technology industry, and he is one of the 40 innovative and entrepreneurial figures and advanced model figures in the 40 years since the establishment of the Zhenzhen Special Economic Zone. ”

Wang Chuanfu once said of BYD's technology accumulation, "BYD has technology 'fish pond', there are various technologies in it, when the market needs it, we will fish out one, chips, electric vehicles, rail transit, etc. are the big fish in the 'fish pond'." And the "big fish" in these "fish ponds" all have the potential to become "unicorns".

Of course, there are also those who say he is ruthless. Wang Chuanfu advocates "technology is king", which leads to BYD's senior engineers having high status and good treatment, while grass-roots employees have become the neglected majority, which is increasingly out of place in the context of common prosperity.

Especially recently, the topic of "bydir employees suddenly dying in rental houses" has been hotly searched, sending Wang Chuanfu to the cusp of the storm, and ruthlessness, exploitation and cruelty have become the key words.

The demographic dividend is often the dividend of capital, never the gospel of laborers.

Everyone is trying to live hard, and everyone should be treated kindly.

996 is not a question of whether to say no, but this thing should not exist at all!

China's economy has gone through the barbaric era of barbaric growth, and it is long overdue to return to a new era of people-oriented.

Whether it is Ren Zhengfei or Wang Chuanfu, they can achieve today's achievements, and indeed they have their superiority, but it is still the same sentence, "There is no era of the richest horse, only teacher Ma in the era." ”

If there are no big rivers, where are the big fish and prawns?

If there is no rise of great powers, why will a hundred schools of thought compete for the prosperity of a hundred industries?

If there is no China's new energy industry policy, there is no Ningde era BYD.

Otherwise, even if the talent of the heavens and the earth is useless, it is a place where heroes are useless.

Therefore, the best way for the "Wang Chuanfus" to thank the times of gratitude is to thank the country, repay the society, treat employees kindly, and continue the core technology, break through the card neck problem, and let China no longer be subject to people.

End of full text.