BYD (01211.HK) announced the establishment of the 'BYD Business Research Institute' in Shenzhen last Friday (22nd), aiming to build a 'visionary user' institute. The institute will be led by the chairman and CEO of the group, Wang Chuanfu, who will focus on learning from practice as the core concept, centering around BYD's unique experience in the manufacturing industry, and dedicated to creating a top business research and learning organization that influences the development of China's manufacturing industry, while building a circle of entrepreneur friends in China.

Wang Chuanfu stated that BYD has been established for 30 years. In the past, there have been many hardships and lessons from failures, as well as some successful experiences. He hopes to provide a platform for entrepreneur car owners to share business insights and growth experiences, promoting mutual development.