Automobile Magazine Profiles BYD's Wang Chuanfu
At 28, he founded the world's largest supplier of cell-phone batteries. His company also supplies low-cost batteries for One Laptop Per Child. In 2003, BYD chairman Wang Chuanfu, then 36, bought a car company, gave it the BYD name, set up an R&D team of 3000 engineers, and on December 15, 2008, put the world's first plug-in electric car on the market.
See EV World's BYD's American Gambit for photo slideshow of BYD vehicles at 2009 Detroit auto show.
"Many people have asked me why I bought a car company. I have two reasons. First, the market is huge in China. Second, we have the world's battery technology. We believe the age of gasoline will pass and power will come from new energy sources."
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