On December 30, BYD held a grand launch ceremony for its RMB 3 billion education and charity fund at its Shenzhen headquarters. Wang Chuanfu, Chairman and CEO of BYD Co., Ltd., joined forces with representatives from 35 universities and 28 science and technology museums across the nation to initiate this donation, aiming to foster scientific and educational advancement in China.

Donation of RMB 3 Billion to the Education and Charity Fund to Support China's Science and Education Strategy

At the ceremony, Wang Chuanfu emphasized that without the national strategy of rejuvenating the country through science and education, there would be no BYD or China's burgeoning new energy vehicle industry today. Grateful for this strategy and the universities' role in nurturing exceptional talent, BYD is allocating RMB 3 billion to focus on education and charity. This funding will support university scholarships and the promotion of new energy technology, thereby invigorating China's science and education endeavors.

BYD will collaborate with over a hundred universities nationwide to establish scholarships, rewarding excellence and fostering progress, contributing to the cultivation of more outstanding talents in the country. The first batch of 35 university scholarship collaborations has been officially launched.

Furthermore, BYD will donate exhibits showcasing new energy vehicle technology to major science and technology museums, museums, and select schools nationwide. This initiative aims to promote the popularization and education of new energy vehicle technology, nurturing the next generation of engineers. The initial batch of collaborations includes 28 science and technology museums working alongside BYD.

Li Jiancheng, President of Central South University (Wang Chuanfu's alma mater) and an academician of the Chinese Academy of Engineering, spoke at the event. He hailed BYD's RMB 3 billion donation to establish an education and charity fund as a tangible act of contributing to China's rise through science and technology. This act underscores the company's social responsibility and profoundly embodies Wang Chuanfu's patriotism, infusing warmth into the development of China's higher education and rallying the power of love.

Qiao Xiaopeng, Director of the Beijing Automobile Museum, remarked that BYD's donation of dissected new energy vehicles as educational exhibits to domestic museums and science centers will undoubtedly pique young people's interest in automotive technology and industrial manufacturing, fostering more outstanding engineers.

Talent: BYD's Most Valuable Asset

BYD dares to hire, reuse, and cultivate fresh graduates. Since 1997, BYD has consistently recruited fresh university graduates for 28 years without interruption. In the past two to three years, BYD has hired over 50,000 fresh graduates, with nearly 70% being masters and Ph.D. students this year and close to 80% being R&D professionals. Through a comprehensive talent development system, BYD has achieved a seamless transition from education to the workplace. Currently, over half of BYD's senior executives and technical backbone are graduates of this program.

In 2017, BYD established a postdoctoral innovation practice base to foster postdoctoral talent, marking a new chapter in its "educational relay." Over the past seven years, BYD has gradually developed a postdoctoral training model with "three stations and four bases" in Shenzhen, Chongqing, and Xi'an. Collaborating with 15 top-tier universities and 35 first-rate disciplines nationwide, BYD has invited over 1,000 elite mentors, including 3 academicians and more than a dozen Chang Jiang Scholars. To date, BYD has nurtured nearly 1,600 postdoctoral researchers, with approximately 1,400 currently active—the largest number in the country, all of whom have remained with the company post-completion. This robust talent pool is pivotal for BYD's ascent in new energy technology.

BYD also demonstrates care and concern for its talent in daily life, offering R&D apartments to young employees, constructing "Yadi Villages," affordable housing communities for married employees, and funding the establishment of a nine-year "Yadi School" managed by Shenzhen Middle School for employees' children. Recognized as one of Shenzhen's top junior high schools, it once achieved the remarkable feat of producing three top students within five years. BYD values and nurtures talent, addressing their concerns with utmost dedication.

Donating to Education and Supporting the Development of China's Automotive Industry

China, a populous nation, leveraged its demographic dividend post-reform and opening-up to become the world's factory. Now, decades after China's educational advancements, the country has transformed from a populous nation into a talent powerhouse. With this talent dividend, China is transitioning from a manufacturing power to an intelligent manufacturing giant. In the automotive sector, through generations of engineers' advancements in new energy and technological innovation, China has mastered the core technology and industrial chain of new energy, achieving a leap from being an automotive power to an automotive superpower.

BYD's RMB 3 billion donation to the education and charity fund supports the development of China's science and education endeavors, cultivates more outstanding talent for the automotive industry, promotes innovation in fields like new energy vehicles, builds momentum for the nation's development of new productive forces in the automotive sector, and lays a solid foundation for China's rise as an automotive powerhouse.