Wang Chuanfu resigns from BYD and its 12 subsidiaries. Is there a power change in the company? You think too much!

On May 21, BYD Auto Co., Ltd.'s business information saw a number of changes. The National Enterprise Credit Information Publicity System showed that Wang Chuanfu had resigned as the company's legal representative and chairman, and He Zhiqi took over the above positions and also served as the company's general manager.

In addition, there have been significant changes in the company's senior management filings. Lü Xiangyang and others are no longer directors of the company, and new directors such as Lian Yubo have been added. Catering services have been added to the company. As of now, BYD has not responded to the above changes.

BYD Auto Co., Ltd. was founded in March 1997. The company's business scope includes construction machinery manufacturing, urban rail transit equipment manufacturing, auto parts manufacturing, etc., with a registered capital of RMB 1.351 billion.

Data shows that Wang Chuanfu has resigned from the positions of legal representative and chairman of several BYD subsidiaries since 2019. From March 26 this year to now, in just less than two months, Wang Chuanfu has resigned from the positions of chairman and legal representative of 12 BYD subsidiaries. However, he is still the legal representative of more than 50 companies.

According to speculation, BYD's personnel changes are likely due to the company's new considerations, such as hoping that Wang Chuanfu can focus more on the company's strategic direction and get away from management trivia. The position in the company is not the actual control, but the equity is.

Just like Alibaba, no one would think that Jack Ma, who has stepped down as chairman of Alibaba, has lost his voice in the company.

According to the data, the legal persons of BYD and several of its subsidiaries have changed, but the equity structure of each company has not changed.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.