Veering Off Entrepreneurship Road

Indeed, BYD is so favored by the Shenzhen city government that company Chairman Wang Chuanfu was invited to speak last September at the 30th anniversary of the founding of the Shenzhen Special Economic Zone.

BYD has grown into a company worth more than 60 billion yuan with some 180,000 staffers nationwide. Yet in June, it listed on the Shenzhen Stock Exchange's small- and medium-sized enterprise board with a clear motive: Companies on the SME board generally have higher valuations and thus can raise more money than those listed on the main boards in Shanghai and Shenzhen.