3M vs BYD: Founders, CEOs and History
3M was founded in 1902 by J. Danley Budd, John Dwan, Henry S. Bryan and is led by William M. "Bill" Brown. BYD was founded in 1995 by Wang Chuanfu, Lu Xiangyang and is led by Wang Chuanfu.
Company facts
Founders
3M
J. Danley Budd
Budd was the doctor among 3M's five founders. The others were attorney John Dwan, meat market owner Hermon W. Cable, and railroad men Henry S. Bryan and William A. McGonagle.
John Dwan
John Dwan was one of the five original founders of 3M, contributing his legal expertise and local Minnesota business connections to the venture's organization in 1902.
Henry S. Bryan
Bryan was one of the two railroad men in the founding group, alongside William A. McGonagle, and joined physician J. Danley Budd, attorney John Dwan and meat market owner Hermon W.
Hermon W. Cable
Cable was the merchant of the founding group, which also included physician J. Danley Budd, attorney John Dwan and railroad men Henry S. Bryan and William A. McGonagle.
William A. McGonagle
McGonagle and Henry S. Bryan were the railroad men of the founding group; the others were physician J. Danley Budd, attorney John Dwan and meat market owner Hermon W. Cable.
BYD
Wang Chuanfu
Wang Chuanfu founded BYD in Shenzhen in 1995 with his cousin Lu Xiangyang to make rechargeable batteries for mobile phones.
Lu Xiangyang
Lu Xiangyang put up the early capital when Wang Chuanfu started BYD in 1995 and has sat on BYD's board ever since, now as a non-executive director. His stake in BYD made him one of China's richest people.
CEOs and their tenures
3M
- William McKnight1914–1966
General Manager, President, and Chairman
William Lester McKnight is more responsible than any founder for creating the organizational philosophy and cultural infrastructure that made 3M's sustained innovation record possible across the twentieth century.
Source - Lew Lehr1980–1986
Chief Executive Officer
Lew Lehr led 3M during one of its most commercially successful periods, overseeing the national launch of Post-it Notes in 1980 and managing the company's expansion into international markets during a period of strong global economic growth.
Source - James McNerney2001–2005
Chairman and Chief Executive Officer
W. James McNerney Jr. was the first CEO hired from outside 3M, arriving from General Electric in 2001. He introduced GE-style Six Sigma process discipline and cost controls across 3M before leaving in mid-2005 to become chairman and CEO of Boeing.
Source - George Buckley2005–2012
Chief Executive Officer
George Buckley, who joined 3M from Brunswick Corporation in 2005, is credited with reinvesting in 3M's research and development capabilities after a period under his predecessor James McNerney when cost-cutting had reduced R&D spending and raised questions abo…
Source - Inge G. Thulin2012–2018
Chairman, President and Chief Executive Officer
Swedish-born Inge G. Thulin, a 3M veteran who had built its international business and served as chief operating officer, became president and CEO on February 24, 2012, succeeding George Buckley.
Source - Michael F. Roman2018–2024
Chairman and Chief Executive Officer
Michael F. Roman, previously 3M's chief operating officer, succeeded Inge Thulin as CEO on July 1, 2018.
Source - William M. Brown2024–present
Chief Executive Officer
William M. "Bill" Brown became 3M's CEO on May 1, 2024, weeks after the April 1 spin-off of Solventum, succeeding Michael Roman.
Source
BYD
- Wang Chuanfu1995–present
Founder, Chairman and President (CEO)
Wang Chuanfu has run BYD since founding it in 1995. He moved the company from phone batteries into cars in 2003, launched the first mass-produced plug-in hybrid in 2008, introduced the Blade Battery in 2020 and ended combustion-only car production in 2022.
Source - Lu Xiangyang1995–present
Co-Founder and Non-Executive Director
Lu Xiangyang, Wang Chuanfu's cousin and a former banker, provided early capital for BYD in 1995 and has remained on the board, now as a non-executive director.
Source - Stella Li1996–present
Executive Vice President; CEO of BYD Americas and Europe
Stella Li joined BYD in September 1996 as a marketing manager for exports, opened its first overseas office in Hong Kong in 1997 and set up its European headquarters in 1999.
Source
Timeline: 3M and BYD side by side
19023M
Company Founded in Two Harbors, Minnesota
Five Minnesota businessmen incorporate the Minnesota Mining and Manufacturing Company with the intention of mining corundum abrasive mineral from a deposit on the Lake Superior shore.
19103M
Relocation to Saint Paul and First Laboratory
3M relocates its operations to Saint Paul, Minnesota, establishing the geographic base that it would maintain for the remainder of the twentieth century.
19213M
Wetordry Waterproof Sandpaper Introduced
Researcher Francis Okie develops Wetordry waterproof sandpaper, the first 3M product to achieve significant commercial success by offering genuine technical differentiation from competing products.
19253M
Masking Tape Invented by Richard Drew
Richard Drew, a 3M laboratory researcher who observed automotive painters struggling with imprecise color boundary masking, develops a pressure-sensitive masking tape that allows clean paint line definition without surface damage upon removal.
19303M
Scotch Transparent Tape Commercialized
Richard Drew extends his adhesive tape work to create a transparent, pressure-sensitive tape initially called Scotch tape.
19623M
Headquarters Moves to 3M Center in Maplewood
After 52 years in St. Paul, 3M outgrew its campus and moved its headquarters to 3M Center in Maplewood, Minnesota, where it remains.
19763M
3M Added to the Dow Jones Industrial Average
3M is added to the Dow Jones Industrial Average, reflecting its status as one of the defining companies of American industrial manufacturing.
19803M
Post-it Note Launched Nationally
After a limited test market launch in 1977 and a national rollout beginning in 1980, Post-it Notes become one of the most successful new product launches in 3M history.
1995BYD
BYD founded in Shenzhen
Wang Chuanfu and his cousin Lu Xiangyang start BYD in Shenzhen with about 20 employees, making rechargeable batteries for mobile phones.
19963M
Imation Spin-off
3M spun off its data storage and imaging businesses as Imation Corporation, shedding about 20% of its sales in product lines such as removable storage media and photographic film.
2000BYD
Becomes a leading NiCd battery maker
BYD becomes one of the world's largest makers of nickel-cadmium batteries, supplying major electronics brands.
20023M
Legal Name Changed to 3M Company
On April 8, 2002, 3M's centennial year, Minnesota Mining and Manufacturing Company changed its legal name to 3M Company, adopting the abbreviation it had long used as its brand.
2002BYD
Hong Kong listing
BYD lists its H shares on the Hong Kong Stock Exchange under stock code 1211.
2003BYD
Buys Qinchuan and enters the car business
BYD acquires a controlling stake in Xi'an Qinchuan Automobile for about $37.4 million (CN¥269 million), gaining a car production licence and factory.
2008BYD
Berkshire Hathaway takes about 10%
Berkshire Hathaway's MidAmerican Energy invests $232 million for about 10% of BYD, giving the company international credibility.
2008BYD
Launches the F3DM plug-in hybrid
BYD launches the F3DM, the world's first mass-produced plug-in hybrid car, two years before the Chevrolet Volt.
2010BYD
Denza joint venture with Daimler
BYD and Daimler set up Denza as a 50:50 joint venture to build premium electric cars in China.
2011BYD
Launches the e6 and lists in Shenzhen
BYD launches the e6 electric crossover, first used as a taxi in Shenzhen, and lists A shares on the Shenzhen Stock Exchange (002594).
20203M
Record N95 Respirator Production During COVID-19
3M expands N95 respirator production capacity at the onset of the COVID-19 pandemic, ultimately producing more than 2.5 billion respirators between January 2020 and year-end 2021.
2020BYD
Launches the Blade Battery
BYD introduces the Blade Battery, an LFP cell-to-pack design that passes the nail penetration test without fire.
2022BYD
Ends combustion-only car production
In March 2022 BYD stops making combustion-only passenger cars and focuses entirely on battery EVs and plug-in hybrids.
20233M
Landmark PFAS and Combat Arms Settlements Announced
3M announces separate landmark settlements addressing its two largest litigation liabilities: a $10.3 billion settlement with municipalities across the United States over PFAS water contamination, to be paid over thirteen years, and a $6.01 billion settlement…
2023BYD
Passes Tesla in quarterly BEV sales
BYD sells 3.02 million new energy vehicles in 2023, and its 526,409 battery EVs in the fourth quarter top Tesla's 484,507 for the first time in a quarter.
20243M
Solventum Healthcare Spinoff Completed
3M completes the spinoff of its healthcare business segment into a separately listed public company named Solventum Corporation in April 2024.
20243M
William Brown Appointed CEO
William M. Brown, former chair and CEO of L3Harris Technologies, becomes 3M's Chief Executive Officer on May 1, 2024, succeeding Mike Roman, who became executive chairman.
2024BYD
Takes full ownership of Denza
Mercedes-Benz sells its last 10% of Denza in July 2024, leaving BYD as the sole shareholder of its premium brand.
2025BYD
Berkshire Hathaway exits
Berkshire Hathaway confirms in September 2025 that it has sold its entire BYD stake, ending a 17-year investment.
2025BYD
Becomes the world's top battery EV seller
BYD sells 2.26 million battery EVs in 2025 against Tesla's 1.64 million, and 4.6 million new energy vehicles in total.
2026BYD
Unveils Blade Battery 2.0 and FLASH charging
On March 5, 2026 BYD unveils the second-generation Blade Battery, which charges from 10% to 70% in about five minutes, and plans 20,000 FLASH charging stations in China by the end of 2026.
2026BYD
Overseas revenue passes China
In the first half of 2026 BYD's overseas revenue of ~$25.2 billion (CN¥181.3 billion) exceeds revenue from China for the first time, even as group revenue falls 7.1% to ~$47.9 billion (CN¥344.8 billion).
Acquisitions
3M
- M*Modal (technology business)2019$1B
- Acelity (KCI)2019$6.7B
- Scott Safety2017$2B
- Capital Safety Group2015$2.5B
- Cogent Systems2010$943M
- Aearo Technologies2008$1.2B
BYD
- Denza (remaining stake from Mercedes-Benz)2024Undisclosed
- Jabil mobile electronics manufacturing business (China)2023$2B
- Xi'an Qinchuan Automobile2003$32M
Questions about 3M vs BYD
Who is the CEO of 3M Company and BYD Company Ltd?
3M Company is led by William M. "Bill" Brown and BYD Company Ltd is led by Wang Chuanfu. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was 3M Company founded vs BYD Company Ltd?
3M Company was founded in 1902 — 93 years before BYD Company Ltd, which was founded in 1995. 3M Company's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger BYD Company Ltd.
How many employees does 3M Company have compared to BYD Company Ltd?
3M Company employs approximately 60,500 people, while BYD Company Ltd employs approximately 911,900. BYD Company Ltd has the larger workforce at 911,900 employees, compared to 3M Company's 60,500. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are 3M Company and BYD Company Ltd headquartered?
3M Company is headquartered in United States and BYD Company Ltd is headquartered in China. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded 3M Company and BYD Company Ltd?
3M Company was founded by J. Danley Budd, John Dwan, Henry S. Bryan, Hermon W. Cable, William A. McGonagle. BYD Company Ltd was founded by Wang Chuanfu, Lu Xiangyang.
Which company has a longer operating history — 3M Company or BYD Company Ltd?
3M Company has been operating for approximately 124 years, making it the more established of the two companies. BYD Company Ltd has been in operation for around 31 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the 3M vs BYD overview