Wang Chuanfu Attends 33rd China SAE Congress, Receives Rao Bin Award, Discloses BYD's Workforce Exceeds 1.02 Million

Recently, the 33rd China SAE Congress was held in Suzhou, where BYD Chairman Wang Chuanfu attended the event and received the Rao Bin Award of China Automotive Industry. Wang Chuanfu stated on-site that BYD once faced a crisis of near capital chain rupture during its past operational stages. He noted that the company did not halt its layout in the automotive sector during the period of financial risk, did not cut investment in technology R&D for the new energy direction, and continued to advance R&D work on core technologies such as batteries and electronic controls. According to data disclosed on-site, as of October 2026, BYD's R&D engineer workforce reached 120,000, covering technical sectors including batteries, electric motors, electronic controls, semiconductors, automotive software, and body development. During the same period, BYD's total employee count exceeded 1.02 million, including approximately 60,000 overseas employees and 960,000 employees in China. Wang Chuanfu reviewed on-site that BYD entered the automotive industry in 2003 by acquiring Qinchuan Automobile, and after the announcement, it encountered institutional sell-offs in the capital market and its stock price fell.