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Thereby, we completely forego coal-based electricity and obtain our electrical energy from only renewable sources. In Kecskemét (Hungary), a second plant under construction will be CO 2 -neutral. According to its slogan— digital, flexible, green—it will set standards within the worldwide automobile production.
Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. He knew very little about making cars but proved to be a quick study.
Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo.
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