The launch of Changxin Technology, a leading domestic DRAM company, has sparked a buzz in the automotive industry. Li Qian, secretary of the board of directors of BYD, recently posted in his personal circle of friends that six years ago, BYD participated in the first round of financing for Changxin Technology with a pre-investment valuation of 19.8 billion dollars. At the time, Changxin had accumulated huge losses, high capital expenses, poor technology, patent barriers, equipment restrictions... questions from the outside world never stopped. Until Changxin completed its listing, all questions turned into emotion and amazement. Li Qian said, “Frankly speaking, when we invested, we didn't have that much imagination that Changxin achieved such impressive results at such a fast speed — it grew to become the number one Dram manufacturer in China and the fourth in the world in 6 years. The rapid rise of technology in China is a gift of the times and a reward for patient capital value investment.” According to public information, BYD's investment in Changxin Technology is indirectly involved through private equity channels; it is not a direct shareholding of shares by BYD entities. The reporter checked Changxin Technology's equity information and found that BYD Chairman Wang Chuanfu holds 0.014% of Changxin Technology's shares as a natural person.

The launch of Changxin Technology, a leading domestic DRAM company, has sparked a buzz in the automotive industry. Li Qian, secretary of the board of directors of BYD, recently posted in his personal circle of friends that six years ago, BYD participated in the first round of financing for Changxin Technology with a pre-investment valuation of 19.8 billion dollars. At the time, Changxin had accumulated huge losses, high capital expenses, poor technology, patent barriers, equipment restrictions... questions from the outside world never stopped. Until Changxin completed its listing, all questions turned into emotion and amazement. Li Qian said, “Frankly speaking, when we invested, we didn't have that much imagination that Changxin achieved such impressive results at such a fast speed — it grew to become the number one Dram manufacturer in China and the fourth in the world in 6 years. The rapid rise of technology in China is a gift of the times and a reward for patient capital value investment.” According to public information, BYD's investment in Changxin Technology is indirectly involved through private equity channels; it is not a direct shareholding of shares by BYD entities. The reporter checked Changxin Technology's equity information and found that BYD Chairman Wang Chuanfu holds 0.014% of Changxin Technology's shares as a natural person.