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Global Business: Power Play

Power Play

25/01/2011

BBC World Service - Global Business, Power Play

In the second of Peter Day's reports from China, he meets Wang Chuanfu of BYD Autos

Peter Day makes a return visit to BYD in Shenzhen - in the Pearl River Delta - to meet its founder, Wang Chuanfu the man with big ambitions to be the number one car manufacturer in the world by 2020.

This week on Global Business, Peter Day meets Wang Chuanfu, the founder of BYD. 

BYD stands for Build Your Dreams, certainly true in the case of the unassuming Mr Wang, who founded his company only 15 years ago to make batteries for mobile phones and is now producing electric and hybrid cars. 

Wang Chuanfu has big ambitions, to be the number one car producer in China by 2015 and to be number one in the world by 2020. 

It was perhaps this ambition and his achievements so far in such a short space of time that encouraged the investor, Warren Buffett of Berkshire Hathaway to invest over $200 million in the company.

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