Five-Yuan Canteen for Everyone Including CEO

"or many years, including Wang Chuanfu himself, all senior managers and employees have been lining up in the big canteen to eat meals costing five yuan each. Wang Chuanfu never sits in first class; all company executives and staff travel in economy class on business trips just as usual."

"In 2009, when a senior executive from BYD attended the Paris Motor Show and saw Ford employees still staying in the luxurious George V Hotel, he was very "shocked." To save costs, BYD executives even rented a house in the suburbs when attending the Detroit Auto Show. And as early as 2008, all of BYD's businesses were already profitable."

"In 2008, Wang Chuanfu's salary was 2.65 million US dollars. But he and his wife and young children have always lived in a BYD dormitory, a two-bedroom apartment in Kuiyong Town, Longgang District, Shenzhen, which is no different from other engineers in the company. Wang Chuanfu clearly stated: “I am not interested in wealth.” After BYD went public, he simply distributed his 15% shareholding to more than twenty managers and engineers in the company. However, the outwardly calm and serene Wang Chuanfu is inherently "combative." After becoming the well-known "Battery King," Wang Chuanfu once said: "Having no competitors is so boring.""