Wang's richest road: Technology + new Energy + automobiles

This reporter Xu Jie annual Hurun Rich List to be released again. On the eve of the National Day, Hurun first announced the 2009 mainland wealth list winners and runners-up, while the remaining rich will be announced in late October.　　Hurun told the media that the top 10 winners were different from the past, making the media and the public anxious to see the new faces. The most surprising thing about new energy becoming a millionaire is that the winner of the list is BYD's founder, 43-Year-old Wang. He is ranked 2009 by the 35 billion-dollar Hurun list in the mainland, although the gap with 43 billion yuan last year, Huang Guangyu, but also more than the runner-up Zhang Yin family more than 2 billion yuan advantage.　　All this does not include the valuation of its non-tradable shares. But in 2007, Mr Wang was the 78th in the list, with a wealth of only 8.5 billion, and in 2008 it fell to 100 and ranked 103th in the 6 billion-dollar fortune.　　Mr Wang's appearance has left the media with hot eyes again on the new richest man. For Mr Wang's ability to become the richest man in the 2009, Hurun sees three factors: the rapid growth of China's auto industry; The second is that Mr. Buffett has invested in BYD; third, the Chinese economy has recovered very quickly from last year to the present.　　As for the new features of the 2009 mainland Rich list, Hurun said: "I think the new energy will become the future of the rich race, and Mr Wang as the richest man I did not think."　　BYD, the public relations responsible people laugh that they do not know the matter. Wang's dream is to become a new energy car leader, his industry is just in tune with the "Technology", "Environmental protection", "innovation", "new energy" global trend. "In the context of the downturn in the global auto industry, the new richest man in China in the 2009 was in the auto industry, which was unexpected and expected," said Hurun. Mr Wang has adapted to the trends of technology, new energy, innovation and environmental protection, leading to a new world auto industry. "From the director to the mainland's new richest man Warren Buffett," February 15, 1966, Wang was born in Anhui Wuwei County an ordinary peasant family, under the care of parents spent a carefree childhood. In July 1987, Wang, 21, graduated from the Department of Metallurgical Physics and chemistry at the University of South China.　　During graduate school, he worked harder and put all his energy into battery research. After only 5 years, Mr Wang, 26, was appointed the youngest director of the country at the time, with the responsibility of 301-room deputy director of the Institute. What made him more unexpected was an opportunity that prompted him to shift from an expert to an entrepreneur.　　1993, the Institute in Shenzhen set up Beagle Battery Co., Ltd., and Wang's research field is closely related, Mr Wang became the company's general manager. As an expert in research, Mr Wang, who has a keen eye, believes that technology is not a problem, as long as it can scale, it will be able to make big business.So he made a bold decision--out of Beagle Battery Co., Ltd.　　February 1995, Wang Wang to do investment management cousin Lu Xiangyang there borrowed 2.5 million yuan of money, registered to set up BYD Technology Co., Ltd., led more than 20 people in Shenzhen Liantang old shop started a career. July 31, 2002, BYD company listed on the Hong Kong board. BYD's shares fell 3 days, falling from HK $18 to HK $269 million, after the announcement of a 77% per cent takeover of Xi ' an Qinchuan car by BYD, which had no experience in automobile production in January 2003.　　But the well-meaning and widespread skepticism of the fund managers did not allow Mr Wang to change his decision. It is reported that BYD is China's largest mobile phone battery manufacturers, the world market share of 15%, in nickel-cadmium batteries, Ni-MH batteries and lithium batteries in the field of the world's first, second and third place respectively. But now the auto business has overtaken the handset business to become BYD's first big business. According to BYD released 2009.5 Annual report, the first half of this year, the company income of 16.132 billion yuan, an increase of 30%, achieve net profit of 1.178 billion yuan, an increase of 98%.　　Among them, BYD's business turnover rose 133% from a year earlier, to 8.877 billion yuan, the share of BYD's share revenue from the end of last year's 32% soared to 55%, successfully surpassed the mobile phone business. And BYD's new energy vehicles will be "Warren Buffett" to attract him. In 2008, Mr. Buffett subscribed to 10% of BYD's shares at HK $1.8 billion. At the 2009 Buffett shareholder meeting, Buffett called Mr Wang a "real star".　　Buffett has said more than once that he has a fancy for the future of BYD's new energy vehicles, especially electric cars. And with Mr. Buffett's favor, BYD's shares soared, rising from around HK $8 to the September 28 closing price of HK $61.85. The bright upward curve let Warren Buffett make a bowl full of while, also inadvertently let Wang boarded the richest man throne. Mr. Hurun said BYD's stake in the company could soar 5 times times within a year, a close link to Buffett's stake.