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Last Thursday, BYD became popular due to a speech by its boss Wang Chuanfu,

BYD Chairman Wang Chuanfu shouted to Lei Jun, saying, "5 billion is nothing to Lei Zong, and 100 billion is not a big deal. The key is to waste three years of your time. How much is this three years worth?" This statement was interpreted by some media as urging Lei Jun not to make cars, so as not to waste time.

On the evening of the 13th, Wang Chuanfu urgently denied the rumors and revealed a big positive news that he is in talks with Xiaomi about a car manufacturing project!

Wang Chuanfu refutes rumors: did not advise Lei Jun not to make cars

Negotiating car manufacturing cooperation with Xiaomi

Recently, BYD Chairman Wang Chuanfu stated at the 2021 China Automotive Chongqing Forum that persuading Lei Jun not to make cars is a misunderstanding and that he is currently in talks with Xiaomi to cooperate in the automotive field.

Wang Chuanfu pointed out that the issue has been misunderstood by the media, and it is wrong to say that BYD advised Xiaomi's CEO Lei not to make cars. In fact, Xiaomi and BYD have a good cooperative relationship because BYD has manufactured a large number of Xiaomi phones for Xiaomi, and there is a very strategic partnership between BYD and Xiaomi.

In the future automotive business, BYD will also support Xiaomi's development in the automotive field. Not only will BYD support Xiaomi, but BYD is also willing to cooperate with Xiaomi in the automotive field and is currently negotiating some projects.

Wang Chuanfu also explained the example at that time again. In the field of automotive iteration, strategic direction is very important. A good strategic direction avoids detours. If a bad strategic direction causes you to lose 3 or 4 years of time, then you may not have a chance in fierce competition.

Therefore, precise strategic direction is an important characteristic of success.

When it comes to battery issues, he said that blade batteries are a critical period for BYD, and the transformation requires key technologies to solve market pain points. BYD proposed blade batteries in March last year, allowing China Electric toExnes<>Exness cannot log inHow to withdraw EXNESSAfter 60 seconds of spread, the direction of the pool changed and the installed capacity rapidly increased. Just in May, China's monthly production of lithium iron phosphate batteries exceeded that of ternary lithium batteries for the first time in nearly three years, with a total production of 63.6% in May. BYD relied solely on blade batteries to reverse the structure and pull back the industry's oscillation.

What did Wang Chuanfu say last week?

On the afternoon of June 10th, # Wang Chuanfu claimed that Huawei phones were made by BYD # went viral on Weibo.

On the evening of June 9th, at the 2021 Yabuli China Entrepreneur Forum, BYD Chairman Wang Chuanfu gave a presentation.

Wang Chuanfu said that new energy vehicles are the trend, and everyone thinks that the market is very large and the growth rate is very fast, so everyone rushed in to enter. However, new energy vehicles are a new thing with many routes. If the route deviates, it may result in losses of money and time.

Wang Chuanfu emphasized the importance of precise strategy for enterprises, stating that for many big names who come in, 5 billion is not considered money, but time cost is important. For example, for example, Mr. Lei (Lei Jun), who spent 100 billion (making cars), the key is to waste three years of your time. How much is this three years worth? Money cannot buy it

Wang Chuanfu denied whether the above remarks were implying that Xiaomi Chairman Lei Jun would spend a lot of time on car manufacturing. If a company's strategic direction is wrong, losing 5 billion may not be much, but if you lose three years, that's important

Wang Chuanfu emphasized the importance of expanding the new energy vehicle market: "Whether it's new forces in car manufacturing, platforms, or mobile phones, they should come in and make electric vehicles. The market penetration rate of electric vehicles in China is only 12%, but we actually need them to come in and take advantage of the traffic and hands of mobile phones to make 90% of the cake that belongs to fuel vehiclesHow to withdraw EXNESSg> Futuo ExneExness cannot log inExness Spread 60ss Fans of the car and some platform merchants use its traffic and ecosystem to persuade people not to buy gasoline cars, but to buy electric cars instead. Isn't this cake getting bigger? After growing up, it depends on whose skills are good to cut how much

Wang Chuanfu believes that it is a good thing that so many players have entered the new energy vehicle industry, which will gradually replace fuel vehicles. However, the competition in the market will become extremely fierce.

The last time Xiaomi discussed its car manufacturing trends was during the first quarter financial report exchange at the end of May. President Wang Xiang stated that it may take three years to make a good car and does not believe that chip shortages will continue for another three years. He is not considering this issue at the moment. Car manufacturing is still in its early stages.

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

Who are you using? Huawei's, we make it. 90% of Huawei's metal frames are made by us, and OEM is the entire processing and assembly that we do, "said Wang Chuanfu.

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