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BYD was founded on 10 February 1995 as Shenzhen BYD Battery Company Limited, with a focus on rechargeable nickel–cadmium (NiCd) batteries. [28] While working as a vice supervisor at the Beijing Nonferrous Research Institute, BYD's founder, Wang Chuanfu, noticed an opportunity presented by the shift in Japanese companies from NiCd to high-value nickel–metal hydride (NiMH) and lithium-ion ...