Who Owns BYD?

Who owns BYD? BYD is not solely owned by one individual or entity but rather by a diverse group of prominent individuals and institutional investors.

BYD, a global leader in electric vehicles and renewable energy, has Xiang Yang Lu as its top Class A shareholder, with an impressive ownership stake of 18.37%. Holding 213,984,857 equities, Xiang Yang Lu’s investment has cemented his position as the leading shareholder of BYD. Following closely behind is Chuan Fu Wang, the founder and current CEO of BYD, who owns 11.02% of BYD’s Class A shares, with 128,405,963 equities to his name.

Moving on to the Class H shareholders of BYD, Berkshire Hathaway, Inc., led by investor Warren Buffett, stands out with its ownership of 54,200,142 equities, accounting for 4.936% of BYD’s valuation. Following Berkshire Hathaway, Inc., BlackRock Fund Advisors holds a significant stake of 2.198%, holding 24,134,000 equities.

These shareholders play a crucial role in shaping BYD’s success and contributing to its standing as a leader in electric vehicles and renewable energy.

Top BYD Class A Shareholders

Xiang Yang Lu

With an impressive ownership stake of 18.37%, Xiang Yang Lu holds 213,984,857 equities, making him BYD’s top-class A shareholder. Xiang Yang Lu is a highly influential figure in business and finance, with a storied history and expertise in the automotive industry.

Lu’s journey in the business world began in 1995 when he joined forces with his cousin Wang Chuanfu to establish BYD, which initially focused on manufacturing batteries. Under their visionary leadership, BYD has experienced an incredible transformation, evolving into the largest EV maker by sales, surpassing even Tesla. Lu’s innovative mindset, strategic vision, and relentless pursuit of excellence have played a pivotal role in BYD’s exponential growth and success.

In addition to his influential role as the vice chairman of BYD, Lu also holds the position of chairman and president within his investment firm, Youngy Investment Holding Group. Through this venture, Lu has showcased his acumen for strategic investments and diversification, identifying and seizing opportunities in promising sectors and companies.

Xiang Yang Lu’s entrepreneurial spirit and exceptional leadership skills have elevated BYD to new heights and earned him a prominent place among China’s most respected business figures.

Chuan Fu Wang

Coming in second place, Chuan Fu Wang, the founder and current CEO of BYD, holds an impressive 128,405,963 equities, accounting for 11.02% of BYD’s valuation.

Wang Chuanfu’s journey is one of inspiration and determination. Born in a small farm village in one of China’s poorest provinces, he faced adversity from a young age. Tragically orphaned as a teenager, he was left under the care of his elder brother and sister. However, despite the challenges, Wang’s resilience and extraordinary intellect gradually began to shine through. 

His passion for education led him to excel academically, eventually gaining college admission. It was during this time that Wang’s fascination with battery technology began to shape his destiny. His commitment to exploring the possibilities of rechargeable batteries led him to co-found BYD in the mid-1990s. Little did he know, this humble beginning would lay the foundation for what would become the world’s largest EV company by sales.

Under Wang’s visionary leadership, BYD achieved a monumental feat in 2022, passing Elon Musk’s Tesla and commanding a remarkable 21% share of the global EV market. His tireless efforts to promote innovation and sustainable transportation solutions further solidify BYD’s position as an industry leader.

Zuo Quan Xia

Holding an impressive 20,658,902 equities, Xia owns approximately 1.774% of BYD’s valuation. Not only does he have a substantial number of shares, but the value of his shares stands at an astounding 712 million ¥, further solidifying his position as a significant stakeholder. However, his role in BYD extends far beyond just being a shareholder.

Xia is a non-executive director of BYD. Xia plays a crucial role in the company’s strategic decision-making process with his expertise and industry knowledge. His experience and insights have proven invaluable in steering BYD towards its current success.

Before joining BYD, Xia worked in the Hubei branch of The People’s Insurance Company. This experience gave him a solid foundation in the insurance industry and allowed him to bring a unique perspective. In 1997, he transitioned to BYD, recognizing the company’s potential for growth and innovation in the electric vehicle market.

Xia’s educational background is equally impressive. In 2007, he graduated from the prestigious Guanghua School of Management of Peking University with an EMBA. He also studied computer science as an undergraduate, which has allowed him to contribute to BYD’s technical and digital advancements.

In 2003, Xia founded the investment firm Zhengxuan Capital. With over $1.4 billion in managed assets, the firm has established a strong presence in the investment landscape. Notably, BYD is one of the firm’s investments.

As a prominent shareholder, Xia’s ownership stake in BYD is critical to the company’s performance. His deep understanding of the automotive industry and financial markets allows him to navigate the ever-changing business environment effectively.

Nian Qiang Wang

Despite having a smaller ownership stake compared to other insiders on this class A shareholder list, Nian Qiang Wang still wields significant influence over BYD as he holds 18,299,700 equities, representing 1.571% of the company’s valuation. Wang’s prominence in the business world extends beyond his ownership stake in BYD, as he serves as the Chairman of Byd Precision Manufacture, showcasing his expertise and leadership qualities.

Notably, Wang is an integral part of BYD’s corporate governance structure, being a vital member of the board of the BYD Charity Foundation. This role demonstrates his commitment to social responsibility and proactive involvement in driving positive change within the company and the broader community.

In addition, Wang’s impressive professional background highlights his deep understanding of the automotive industry, particularly in the field of battery technology. As the Chief Engineer at BYD Battery Co. Ltd., he plays a crucial role in driving innovation and advancing BYD’s position as a leading player in the electric vehicle market. His extensive experience and expertise undoubtedly contribute to BYD’s success in developing cutting-edge battery technologies.

Wang also serves as the Vice President and General Manager for Division I of BYD Co., Ltd., in addition to his responsibilities at BYD Battery Co. Ltd. This multifaceted role further reflects his broad scope of responsibilities within the company, showcasing his versatility as a strategic leader.

Wang’s impressive educational background adds another layer to his qualifications. He obtained an MBA from China Europe International Business School, a renowned institution known for nurturing business leaders with a global perspective. He also holds a graduate degree from Central South University, solidifying his technical competence in engineering.

With his significant ownership stake in BYD and his influential positions within the company, Nian Qiang Wang plays a crucial role in shaping BYD’s strategic direction and driving its growth in the highly competitive electric vehicle market. His battery technology expertise and leadership acumen make him a critical figure in BYD’s quest for sustainable and innovative transportation solutions.

China Investment Corp. (Investment Management)

As a significant institutional shareholder, China Investment Corp. (Investment Management) holds a notable stake in BYD, totaling 11,976,633 equities. This represents approximately 1.028% of BYD’s overall valuation. The shares held by China Investment Corp. (Investment Management) are valued at around 412 million ¥. 

Established in 2007, China Investment Corp. (Investment Management) is a globally recognized sovereign wealth fund based in China. Its primary objective is to maximize returns on investments made outside of China, diversify China’s foreign exchange reserves, and enhance the value of national wealth. As one of the largest institutional shareholders of BYD, China Investment Corp. (Investment Management) plays a crucial role in contributing to the company’s growth and development.

As a sovereign wealth fund, China Investment Corp. (Investment Management) operates to secure profitable and strategic investments on behalf of the Chinese government. It manages a vast portfolio across various sectors, including technology, energy, finance, and more. The fund seeks to generate financial returns through strategic acquisitions and promote national interest and economic stability.

Long-term, value-oriented investments often characterize China Investment Corp. (Investment Management)’s investment strategy. They carefully analyze potential investment opportunities, considering company financials, growth prospects, competitive advantages, and market conditions. By taking a comprehensive approach and conducting thorough due diligence, they aim to identify companies with strong potential for sustained growth and profitability.

In recent years, China Investment Corp. (Investment Management) has demonstrated a keen interest in the electric vehicle industry, investing in companies related to this sector. This aligns with the Chinese government’s push for clean and sustainable energy solutions. By investing in BYD, they effectively support the development and expansion of electric vehicle technologies, which are crucial for reducing carbon emissions and combating climate change.

Top BYD Class H Shareholders

Berkshire Hathaway, Inc.

As one of the top institutional shareholders of BYD, Berkshire Hathaway, Inc., holds a significant stake in the company. With 54,200,142 equities, this represents approximately 4.936% of BYD’s valuation, solidifying Berkshire Hathaway, Inc.’s position as a critical player in BYD’s ownership.

Berkshire Hathaway, Inc., led by renowned investor Warren Buffett, is a multinational conglomerate holding company headquartered in Omaha, Nebraska. Founded in 1839, the company has a long and storied history of successful investments in various industries, making it one of the most respected and influential companies in the financial world.

Berkshire Hathaway, Inc., has established itself as a powerhouse in the investment landscape. Its diverse portfolio includes significant holdings in well-known companies across insurance, utilities, transportation, and manufacturing sectors. The company takes a long-term value investing approach, seeking out companies with solid fundamentals and sustainable competitive advantages.

The Berkshire Hathaway, Inc. investment philosophy aligns with Warren Buffet’s famous quote, “Our favorite holding period is forever.” By adopting this approach, the company aims to generate substantial returns over the long term by investing in businesses it believes will continue to prosper and grow.

Berkshire Hathaway, Inc. made its initial investment in BYD in September 2008. At that time, it purchased 225 million shares of BYD, representing approximately a 10% stake. This investment was significant for Berkshire Hathaway, Inc., marking its first foray into the electric vehicle industry.

As a significant shareholder of BYD, Berkshire Hathaway, Inc.’s stake in the company highlights its confidence in its business prospects. The investment reflects its belief in BYD’s innovative products and technologies, particularly in the electric vehicle (EV) market.

With a global push towards sustainable transportation solutions and increased interest in EV adoption, BYD has positioned itself as a leader in the EV industry. The company produces a wide range of electric vehicles, including cars, buses, and trucks, and also offers energy storage solutions and related services. BYD’s commitment to green technology and its efforts to create a sustainable future align closely with Berkshire Hathaway, Inc.’s investment philosophy.

BlackRock Fund Advisors

BlackRock Fund Advisors is another significant shareholder of BYD, owning an impressive 24,134,000 equities, representing approximately 2.198% of BYD’s valuation. As a global asset management company with over $10 trillion in assets under management, BlackRock is known for its expertise in mutual and exchange-traded funds (ETFs). The company’s investment philosophy involves seeking value-oriented investments with long-term growth potential.

BlackRock Advisors (UK) Ltd.

BlackRock Advisors (UK) Ltd. holds a notable stake in BYD, owning 11,489,085 equities. This represents approximately 1.046% of BYD’s valuation, valued at 341 million ¥. 

BlackRock, Inc., a subsidiary of BlackRock Advisors (UK) Ltd., is an investment management company specializing in asset management services. With expertise across various sectors, including technology, finance, and energy, BlackRock Advisors (UK) Ltd. strategically invests in companies that align with its investment criteria.

By holding a significant stake in BYD, BlackRock Advisors (UK) Ltd. demonstrates its confidence in the company’s ability to innovate within the electric vehicle and renewable energy sectors.

BlackRock Advisors LLC

While BlackRock Advisors LLC holds a smaller stake than its counterparts, its ownership of 4,213,728 equities still represents approximately 0.3838% of BYD’s valuation. 

As a subsidiary of BlackRock, Inc., BlackRock Advisors LLC operates as an investment management company specializing in advising institutional clients. With a focus on generating long-term returns for its clients, BlackRock Advisors LLC strategically selects companies across various industries with solid growth potential.

BlackRock Asset Management North Asia Ltd.

BlackRock Asset Management North Asia Ltd., holding 3,361,991 equities, is rounding out the list of major Class H shareholders. This represents approximately 0.3062% of BYD’s valuation. BlackRock Asset Management North Asia Ltd. operates as a subsidiary of BlackRock, Inc., specializing in investment management and advisory services. 

With a strong presence in the Asian market, this subsidiary strategically invests in companies that show potential for growth and innovation. By holding a stake in BYD, BlackRock Asset Management North Asia Ltd. demonstrates its confidence as a leader in the electric vehicle industry, particularly within the Asian market.

Conclusion

The ownership of BYD is held by a mix of individual and institutional investors who play a significant role in the company’s success. Xiang Yang Lu, as the top Class A shareholder, holds an impressive ownership stake in BYD, followed closely by the founder and CEO, Chuan Fu Wang.

Regarding institutional investors, Berkshire Hathaway, Inc., led by Warren Buffett, stands out with its significant stake in BYD. These shareholders’ investments cement their positions and contribute to BYD’s standing as a global leader in electric vehicles and renewable energy.