After completing his Master’s at the Beijing Non-Ferrous Research Institute, Wang Chuanfu planned to lead life, handling government research projects. He just wanted to be a good engineer, and aimed at making better batteries for electric products. But lack of capital at government research centers forced him to change his career direction. It would be right to say in this case that whatever happens, happens for good. Today, he is the owner of BYD Company, and is one of the most successful entrepreneurs in China.
In 1990, Wang completed his studies, and started his career in public sector. But soon, he realized that there was nothing much to do there, and quit in 1995. A number of government employees were turning towards entrepreneurship at that time in China. He set up a small company on the borders of Shenzhen, which was considered as a town for booming across Hong Kong border. Here, he started manufacturing batteries for electronic products, mobile phones etc. This company was named as BYD Co.