Fast Technology News on June 25th, according to foreign media reports, in the fierce competition in the global electric vehicle industry, Wang Chuanfu, the founder of BYD, is gradually realizing the vision once envisioned by Elon Musk - producing affordable electric vehicles for the masses.

Nowadays, Wang Chuanfu is disrupting the Chinese electric vehicle market by launching cars priced below $10,000, bringing affordable transportation to the masses, which is exactly the goal set by Musk.

The report said that BYD is poised to surpass Tesla to become the world's largest electric vehicle manufacturer, and unlike Musk's diversified investment, Wang Chuanfu focuses more on technological innovation and cost control in electric vehicles.

BYD headquarters has a patent wall that showcases over 30,000 innovative achievements of Wang Chuanfu and his team, including the widely adopted low-cost lithium iron phosphate battery technology in the industry.

This technology has not only propelled the development of BYD, but also helped the company sell 3 million electric and hybrid vehicles in 2023, achieving revenue of $85 billion.

Wang Chuanfu's 20-year investment in electric vehicle technology has made him known as the "Chinese Musk," yet Wang Chuanfu demonstrates a profound insight and dedication to battery manufacturing and the electric vehicle industry.

He was once a scholar in the field of battery metal chemistry, started manufacturing mobile phone batteries in 1995, and gradually improved automotive battery technology, attracting investments from Warren Buffett.

Wang Chuanfu's management and execution capabilities are also commendable. He views vertical integration as the key to BYD's strategy, achieving cost reduction by controlling the supply chain and bringing competitive advantages to the company.