BYD Dream Story, in Wang Chuanfu's Words

(Shenzhen) -- Investment bankers who've met auto and battery magnate Wang Chuanfu say he's an adept storyteller. So after Wang agreed to an interview with Caixin, we were anxious to hear his description of a personal encounter with Warren Buffet, and how he managed to win the billionaire investor's support with the BYD story.

Wang relayed the experience recently when we sat down together at BYD's headquarters in Shenzhen, flashing a proud smile but quickly turning serious.

(Wang Chuanfu)

Buffett, he said, expressed deep interest in BYD's new-energy dreams. Wang, however, made it clear that the company would have to rely heavily on government support.