BYD's Wang Chuanfu Sets Goal to Become World's Largest Automaker by 2030

On June 9, 2025, BYD Company Limited held its 2025 Annual General Meeting of Shareholders. Chairman and President Wang Chuanfu stated at the meeting that the company's current share price does not fully reflect its intrinsic value, despite broad market consensus on its growth potential. He expressed gratitude to shareholders for their support and emphasized that BYD will drive sustained, rapid growth through technological innovation and strategic planning to enhance shareholder returns. Wang also outlined a long-term goal: BYD aims to achieve significant growth by 2030 and become the world’s largest automaker within five years thereafter. The company plans to continue seizing market opportunities and strengthening its technological and strategic positioning to secure a leading role in the global new energy vehicle market.