Wang Chuanfu, suddenly stopped working!

After Su Hua said goodbye to Kuaishou, another big guy stopped working.

This big guy turned out to be, Wang Chuanfu.

Investor.com learned that just now the Tianyan Check APP update an explosive dynamic shows that Shenzhen BYD Lithium Battery Co., Ltd., a wholly-owned subsidiary of BYD, has undergone industrial and commercial changes, the legal representative and chairman have changed, and Wang Chuanfu has become He Long.

Shenzhen BYD Lithium Battery Co., Ltd. is one of the earlier companies established by Wang Chuanfu and is the "foundation" of BYD. At that time, BYD started by relying on batteries, and then entered the car manufacturing market. The legal representative and chairman of the company has always been Wang Chuanfu. Now, the company's chairman has suddenly changed, and the outside world can't help but reverie, Wang Chuanfu, who has achieved fame, wants to retire bravely?

One

"Wang Chuanfu, don't do it."

Today, the news came too suddenly.

Last week, Wang Chuanfu and BYD were still furious.

On the evening of October 17, BYD issued an announcement that it is expected that the net profit attributable to shareholders of listed companies in the third quarter of 2023 will be 9.546 billion yuan to 11.546 billion yuan, an increase of 67% to 101.99% over 5.716 billion yuan in the same period last year. In the first three quarters of this year, BYD expects a net profit of 20.5 billion yuan to 22.5 billion yuan, a year-on-year increase of 120.16% to 141.64%.

It is worth mentioning that if their net profit in the third quarter exceeds 10 billion yuan, BYD will usher in its first net profit "double 10 billion", that is, the net profit scale in 2022 exceeds 10 billion yuan and the quarterly net profit exceeds 10 billion yuan. Some media analysis said that if BYD is really successful, then the company's earning power will reach, and the daily real money will be 100 million.

China's most profitable car company was born immediately.

Another big reason for the announcement is that in addition to the sales of new energy vehicles continuing to hit new highs and ranking first in the world, BYD's mobile phone business has exploded. "Android customer demand picks up" helps BYD's performance heat up.

Wang Chuanfu once said, "We manufacture a lot of mobile phones, and most of Huawei's mobile phones are made by us." ”

Speaking of BYD's mobile phone business, many people are confused, knowing that BYD sells cars and does not see them selling mobile phones. If it were not for Wang Chuanfu's own disclosure, no one could believe that BYD not only pulled the car industry chain, but also was a guest of the mobile phone industry chain.

BYD's current mobile phone business involves customers including Huawei, Apple, Samsung, Xiaomi, vivo and so on. That is to say, no matter who has good sales of Huawei and Apple, as long as their mobile phones are sold on sale, BYD is the beneficiary.

New energy vehicles are cars, but also large-scale technology products. It has similarities with the software and hardware in the mobile phone, from the point of view of the manufacturing process, the difficulty of making a mobile phone and building a car will not differ too much, BYD's car can overlook the world, and the mobile phone is naturally not a problem.

Therefore, this announcement put Wang Chuanfu and BYD on the top of the hot search. "I bought a mobile phone and contributed to BYD's performance."

Although the mobile phone business is a new growth point for BYD's performance, the main play is still selling cars. In the past, BYD was in China, but now, overseas is BYD's main battlefield, just like Tesla sold cars to China, BYD has been recognized globally.

Data shows that from July to September 2023, BYD sold 18,200 new energy vehicles overseas, 25,000 units, and 28,000 units, respectively. In 2022, BYD will capture markets in Europe, the United States, and the Asia-Pacific region, exporting 56,000 units, up 307.2% y/y.

The global influence of BYD's new energy vehicles is unprecedented, and Chinese car companies have overcome difficulties.

Two

After achieving such brilliant results and glory, Wang Chuanfu "stopped working".

This 360-degree contrast caught the outside world by surprise.

No one knows what happened to Wang Chuanfu and BYD a week after being on the hot search. But these days, "big guy retirement" is the focus. Su Hua, the co-founder of Kuaishou who mixes with the "technology circle", is preparing to retire from the company's management.

In recent years, the "big guy retreat" is like a wind. Pinduoduo Huang Zheng took the lead in kicking off the wind, followed by Zhang Yiming retreating, Ma Yun, who returned to China to rebuild Alibaba this year, retired, and Su Hua, who witnessed the glory and disgrace of Kuaishou's half life, retired.

Su Hua's retirement evoked the nostalgia of media people for the retired boss. However, it is not surprising that the above-mentioned big guys have retreated, Internet traffic has peaked, and another way is needed, Wang Xing, who has not retired, fell in love with artificial intelligence and 5G, Ma Huateng delved into large models, and Liu Qiangdong enjoyed life.

Even if it is a big guy, the innovation power is also limited, lose motivation, and retirement is a destination. But Wang Chuanfu is different from them, he stepped down as the legal representative and chairman of Shenzhen BYD Lithium Battery Co., Ltd., a wholly-owned subsidiary of BYD, which is intriguing.

For the reason for Wang Chuanfu's resignation, some media called BYD "without replying." It means that this may be an "emergency". With BYD's practice, they will be disclosed to the outside world as soon as possible. Could it be that Wang Chuanfu acted rashly this time?

Wang Chuanfu, who has achieved fame, wants to retreat bravely?

This is not the first time Wang Chuanfu has stepped down. According to incomplete media statistics, in recent years, Wang Chuanfu learned from Liu Qiangdong and stepped down as the legal representative and chairman of 40 BYD subsidiaries. Liu Qiangdong was like this that year, and then retired.

From this, the outside layer speculates that "Wang Chuanfu may be considering retirement." But this speculation was quickly diluted by Wang Chuanfu's remarks that jumped out of Top Gun. This time seems different, Shenzhen BYD Lithium Battery Co., Ltd. is not an ordinary subsidiary.

The battery created Wang Chuanfu and BYD. As early as 1987, Wang Chuanfu entered the Beijing Nonferrous Metals Research Institute for further study, and he forged a deep relationship with battery research. In 1995, after realizing the huge demand for batteries in the era of mobile phones, Wang Chuanfu founded BYD to specialize in the development and production of mobile phone batteries. With Motorola, Ericsson and other large customers, with a certain amount of capital, Wang Chuanfu specially established Shenzhen BYD Lithium Battery Co., Ltd., the predecessor of Shenzhen BYD Lithium Battery Co., Ltd. in 1998, "Ribi Battery". Because BYD insists on independent research and development, the process, raw materials, and quality are strictly controlled by Wang Chuanfu, which makes BYD famous by relying on batteries.

In 2009, BYD rushed out of China to the world for the first time and became the world's second largest battery supplier.

Wang Chuanfu has changed from an unknown entrepreneur and technician to a well-known "battery king" in the industry.

Three

Until the rise of BYD's new energy vehicles, "battery king" is also a big label for Wang Chuanfu.

BYD runs through the global ecological chain, and batteries occupy an important position. It is undeniable that the core of BYD is the battery, and it is the battery and a full set of advanced processes that reduce the cost of car manufacturing, making BYD sell well around the world with affordable price, high performance and safety.

Shenzhen BYD Lithium Battery Co., Ltd. has extraordinary significance and role in Wang Chuanfu's heart, but it represents the past.

His resignation as legal representative and chairman is more like "breaking away" and putting down the label of "battery king".

Previously, the mobile phone business mentioned in BYD's announcement hinted to a certain extent that Wang Chuanfu's future ambitions.

Just as no one will regard Huawei as a mobile phone manufacturer, they sell mobile phones and cars, consumer electronics and 5G communications, and the core is to help China get out of the technological surrounding. Is BYD's positioning adjusting, not limited to car companies?

In fact, BYD's second curve is verifying the above speculation from the side. Since 2020, BYD has entered the VC/PE industry as an industrial capital. The Tianyancha APP shows that BYD has quietly laid out more than 80 investment and financing events.

This year, BYD has made frequent investment moves, and not long ago, it also voted for a "hottest post-90s", a well-known up master Zhihuijun, known as Huawei's "genius boy" and with 2.5 million fans on Station B. He started his business in the humanoid robot track, established Zhiyuan Xinchuang, and obtained a large number of top VC/PE blessings, Zhiyuan Xinchuang has released the first generation of general-purpose humanoid bipedal robot "Expedition A1".

Investment is a "sharp weapon" to stimulate industrial potential and open up territory. Huawei's ability to achieve industrial coverage depends on investment. On the Tianyancha app, Huawei's Hubble Investment has completed more than 300 outbound investments, and each business is closely connected from point to surface.

In fact, Wang Chuanfu's entry into VC/PE is related to a big move in his 2020, spinning off BYD Semiconductor and listing independently.

That year, Wang Chuanfu felt the energy of VC/PE, and BYD Semiconductor introduced top VC/PE and industrial capital such as CICC Capital, Sequoia China, Xiaomi Group, Himalaya Capital, Lenovo Venture Capital, Shenzhen Venture Capital, and Country Garden Venture Capital.

Selling mobile phones, computers, houses... Investment institutions from all over the world rushed to join BYD Semiconductor, which is the benefit of capital siphon. Any industrial development, breakthrough, survival, only burying their heads in hard work, it takes a lot of time and trial and error costs, the value of capital is to amplify the industry while pulling in resources, participants, jointly overcome a bottleneck or collective force.

The siphon benefits released by BYD Semiconductor have opened Wang Chuanfu's thinking, making BYD close to the industry, embracing capital, and leveraging business diversification with investment. The outbreak of BYD's mobile phone business, why not the industrial penetration and boundary extension brought by investment?

When you think that BYD only sells cars, it also makes mobile phones, breaks through the shackles of time with investment, and the business rises rapidly.

Four

Wang Chuanfu, who put down the label of "battery king", has a high probability of focusing on investment in the future.

The iconic action of "big guy retirement" is also an investment.

Liu Qiangdong, who retired after suffering a sad incident for the first time, pulled his wife Zhang Zetian to set up a private equity fund. Zhang Yiming, Beijing's richest man who left everything behind Douyin, went to Hong Kong to set up a personal fund. Jack Ma owns Yunfeng Fund, whose former employees Daniel Zhang went to invest after stepping down as CEO, and the "eighteen arhats" Cai Chongxin, whom he poached from across the ocean, is famous in the United States for his investments.

"Big guy retirement" to get involved in investment seems to have become the only way to start another life. In the words of an entrepreneur turned VC/PE investor, "Sometimes when you look at things from a different angle, all the problems are solved, and it feels like the world has become bigger." ”

What BYD needs to do now is to gain a foothold in the world. Only to become bigger in China, not Wang Chuanfu's pattern.

The New York Times, a well-known American newspaper, once commented that China's new energy vehicles went overseas, "China's cars are sweeping the world China Is Flooding the World With Cars. Japanese media lamented, "China's automobile exports surpass Japan, ranking first in the world." ”

Why did the foreign media sigh? In the end, it is unbelievable that Chinese companies are developing too fast. The conditions for promoting the development of enterprises are, first, a good environment and ecology, and second, the vision and pattern of the founder. According to data from the China Association of Automobile Manufacturers, China's automobile exports reached 3.388 million units in the first three quarters of this year, directly surpassing last year's 3.111 million units, a year-on-year increase of 60%.

Among them, the export of new energy vehicles reached 825,000 units, with a growth rate of an astonishing 110%. In the list of new energy vehicle exports, BYD dominates. Wang Chuanfu used BYD to go to sea, changing the impression of foreigners of China's car building.

Forward-looking entrepreneurs will not be immersed in the hotbed of periodic joy, but will be prepared for danger in peace. Ren Zhengfei insisted on thinking of danger in times of peace, the industry was expanding and expanding, and the technology was becoming more and more sophisticated, and when Europe and the United States studied 5G, Huawei launched a 5.5G strategy.

Wang Chuanfu is also accustomed to thinking of danger in peacetime, otherwise in the era of fuel vehicles, he will not bear the humiliation to bear the weight to make batteries. As mentioned earlier, BYD invested in Zhiyuan New Venture, and "Expedition A1" is a humanoid robot with a chance to compete with Musk in China.

Wang Chuanfu thought far away? The investment has cemented BYD's barriers. Looking at it again, Wang Chuanfu "stopped working" and stepped down as the legal representative and chairman of Shenzhen BYD Lithium Battery Co., Ltd., which is a good thing. Let him have more energy to stand high and see the world.