BYD's Li Yunfei: The RMB 50 Million Investment in CXMT Is a Corporate Move; Chairman Wang Chuanfu Has No Personal External Investments
2 day ago / Read about 0 minute
Author:小编   

In response to rumors swirling around BYD's involvement in the initial financing round for CXMT, Li Yunfei, the General Manager of BYD Group's Brand and Public Relations Department, stepped forward to provide clarity. He stated that the investment was finalized in December 2020, with BYD Co., Ltd. injecting RMB 50 million. Li Yunfei underscored that BYD's Chairman, Wang Chuanfu, solely holds shares associated with BYD and has not engaged in any personal external investments in other companies.

Li Yunfei further highlighted that all of BYD's external investments are systematically carried out under the company's banner, with no instance of company executives participating in external investment projects in their individual capacities. He also pointed out that in recent years, BYD's equity investments have consistently been market-driven initiatives undertaken at the corporate level, adhering to strategic business objectives and market dynamics.