BYD's President Wang Chuanfu picks up outside Nei Nei: BYD's internal adjustment of external seekers

A week before BYD announced its 2017 performance, Wang Chuanfu, the chairman of BYD, visited Baoding in Hebei and met with Wei Jianjun, the chairman of Great Wall Motors. Although both companies remained silent on the details of their meeting, it sparked speculation about potential collaboration in the new energy vehicle sector. At that time, BYD was carrying a significant number of negative average fuel consumption points—around 243,500—while holding one of the largest new energy point balances in the country, close to 300,000. This made the visit all the more intriguing. BYD's 2017 financial report revealed a total revenue of approximately 102.6 billion yuan, with a net profit of around 4.066 billion yuan. Despite being the global leader in new energy car sales for three consecutive years, with over 110,000 units sold annually, the company’s profitability had declined from the previous year, raising questions about its long-term sustainability. Since 2014, when China began heavily supporting new energy vehicles, BYD leveraged its technological edge in this field to grow rapidly. From 2014 to 2016, its net profit surged from 433 million to 5.052 billion yuan, reflecting a compound annual growth rate of 243%. However, by 2016, the benefits of vertical integration were starting to wane, and Wang Chuanfu recognized the need for change as government subsidies dwindled and new competitors entered the market. In response, BYD initiated a series of reforms, including splitting internal divisions, introducing external suppliers, and opening up platforms for global developers. These moves marked a departure from its traditional vertically integrated model. Wang Chuanfu emphasized that 2018 would be a pivotal year for BYD, with a renewed focus on new energy vehicles and cloud solutions. While maintaining its competitive edge in the new energy sector, the company also aimed to regain lost ground in the traditional automotive market. Despite these efforts, BYD faced challenges, especially as the subsidy landscape shifted. The 2017 financial report showed that government subsidies accounted for 23.58% of its operating profit, highlighting the industry's reliance on policy support. Analysts noted that while BYD ranked second in market value among auto companies, its net profit placed it seventh, underscoring the pressure to improve efficiency and diversify its revenue streams. Looking ahead, BYD aimed to expand into new markets and product lines. In early 2018, the company launched several new models equipped with advanced battery technology, aiming to qualify for higher subsidies. Additionally, BYD planned to spin off its power battery business, which could eventually go public. The company also sought to open up its platform to external developers, encouraging innovation in automotive software and digital control systems. This move was seen as a strategic effort to counter emerging competitors like NIO and XPeng. Beyond the automotive sector, BYD was expanding into rail transit and cloud services, aiming to build a diversified portfolio. With the "Thirteenth Five-Year Plan" expected to boost urban rail development, BYD positioned itself to capitalize on this trend. As BYD continued to evolve, Wang Chuanfu remained focused on transformation, recognizing that adaptability was key to long-term success. Whether through technological innovation, strategic partnerships, or new market opportunities, the company aimed to maintain its leadership in the ever-changing automotive landscape.

Remote Controlled Sockets

REMOTE CONTROL SOCKET
Important Safeguards
When using any electrical appliance, in order to reduce the risk of fire, electric shock and/or injury to persons, basic safety precautions should always be follow8d. including:
• The appliance is for household and indoor use only.
• Before plugging in. check that the voitage on the rating label is the same as the mains supply.
• To protect against electric shock, do not immerse any part of the product in water or other liquid.
• This socket is intended for use by competent adults only and children should be supervised at all times.
• Do not use the socket for other than its intended use.
• This socket can be used by children aged from 8 years arxl above and persons with reduced physical, sensory or mental capabilities or lack of experience and knowledge if they have been given supervision or instruction concerning use of the appliance in a safe way and understand the hazards involved. Children shall not p<ay with the appliance Cleaning and user maintenance shall M be made by children without supervision.
• Children of less than 3 years should be kept away unless continuously supervised.
Children from 3 years and less than 8 years shall only switch on/off the appliance provided that it has been placed or installed in its intended normal operating position and they have been supervision or instruction concerning use of the appliance in a safe way and understand the hazards involved. Children aged from 3 years and less than 8 years shall not plug in. regulate and clean the appliance or perform user maintenance.
• Don't use this socket in the immediate surroundings of a bath, a shower or a swimming pool.
• In case of malfunction, do not try to repair the socket yourself, it may result in a fire hazard or electric shock
Do Not Exceed Maximum a680W
Place the LR44 batteries provided into the compartment in the back of the Remote Control, please insert as sho*/m in the back of the compartment to ensure the polarity is correct.

Programming Instructions
• Plug the Remoce Socket$($)lnto the wall socket(s) and switch on the mams supply, the red LED will flash every second.
• If the LED is not flashing press & hold the manual ON/OFF button for 5 seconds until it Hashes

•Press any ON switch on the Remote Control for approximately 2 seconds and the Remote Socket(s) learn the code. The LED will stop flashing top confirm the codehas been accepted.
• Any number of Remote Sockets can be programmed to one Remote Control ON button to create multiple switching.
• To programme o<her Remote Sockets on different Remote Control ON buttons repeat the prevous steps
• If the mains supply is turned off the Remote Sockets v/ill lose their code and it wil be necessary to re-pcogramme.
Operation:
• Plug your appliance(s) into the Remote Socket(s)
• Press the programmed ON or OFF button on the Remote Control to control the Remote Socket.
♦ The Remote Sockets can also be operated manually using its ON/OFF Button Trouble shooting
If a Remote Socket does not react to the Remote Control please check the followng:
♦ Low battery in tbo Remote Control
• Distance too large between the remote control and the recerver (ensure the range distance is no more than 20 clear Metres) and free from obstacle that may reduce the distance.
• If programming has not been successful, tum the power off and back on then follow the programming steps above.
How to decode
• Press the manual ONX)FF button for 5 seconds until the red LED flashes once per
second to confirm de-coding is successful
♦ Press the ALL OFF switch on the Remote Control for more than 3 seconds, the LED
flashes once per second to confirm (decoding successful.
Voltage: 240V-/50HZ
Max power rating: 3680W max.
Remote frequency:
Remote range:
Battery Type:
433.92MHz
230 Metres
Button Cell 2x1.5V LR44 =
Please check with your local waste management service authority regarding regulations for the safe disposal of the batteries. The batteries should never be placed G municipal waste.
Use a battery d^posal facility if available
M
For eioctncal products sold within the European Community. At the end of the electrical products useful life, it should not be disposed of wth household waste. Please recycle faaMies exist. Check with your Local Authonty or retailer for recycling advice.
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