Forbes China Names BYD Chairman as Best CEO

Forbes China has selected Wang Chuanfu, chairman of BYD, as the best CEO.

China Shanghai Securities News reported on the 12th that Forbes China chose the top 50 CEOs, resulting in this outcome. Under the leadership of Chairman Wang Chuanfu, BYD's revenue significantly increased last year, with net profit exceeding 10 billion yuan.

[Image source=AP Yonhap News]

In particular, BYD's new energy vehicle sales in the second quarter (April to June) this year surpassed 700,000 units, doubling last year's figure. It also greatly exceeded Tesla's sales volume (466,000 units). BYD stopped producing internal combustion engine vehicles in April last year and now produces only pure electric and hybrid vehicles.

Following Chairman Wang, Zheng Jiuyun of Ningde Times ranked second, and Chen Lei and Zhao Jiazheng of Pinduoduo ranked third. Since the spread of COVID-19, the list of 50 has changed rapidly. Over the past three years, the only companies consistently appearing are BYD, Ningde Times, and Innovance Technology.

Forbes China annually selects the top 50 CEOs by referencing basic financial indicators such as market capitalization of listed companies, stock price trends, net profit and growth rate, and return on equity (ROE). To exclude companies and CEOs who prioritize short-term financial indicators over long-term development, Forbes China bases its selection on three years of operational performance.

This content was produced with the assistance of AI translation services.