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China's automobile industry is huge in scale and long in industrial chain. Many well-known automobile and parts manufacturing enterprises have been born. As successful automobile entrepreneurs, their wealth has also risen. Recently, Forbes China released the latest list of China's automobile rich, with Zeng Yuqun, Li Shufu and Wei Jianjun ranking in the top three.

Forbes China said the macro economy is recovering, IPOs are booming, expectations for electric car sales are rising, and the wealth of these car entrepreneurs rises as car companies 'share prices rise.

At present, China's richest car is Zeng Yuqun, chairman of Ningde Times, with a wealth of US $15.8 billion (about RMB 107.788 billion yuan). Ningde Times New Energy Technology Co., Ltd.(CATL), founded in 2011, is a lithium-ion battery R & D and manufacturing company focusing on the R & D, production and sales of power battery systems and energy storage systems for new energy vehicles. The company is headquartered in Ningde City, Fujian Province, China. In June 2018, Ningde Times was listed on Shenzhen Stock Exchange. The new energy vehicles of many automobile enterprises in China, including NIO, Xiaopeng, Beiqi, GAC, Geely, etc., are equipped with power batteries provided by Ningde Times.

Li Shufu, the actual controller of Geely Automobile, ranked second on the list of richest cars, with a wealth of $15 billion. Geely entered the automobile industry in 1997 and achieved a total sales volume of 1,361,600 vehicles in 2019. At present, Geely Holding Group owns many brands such as Geely Automobile, LinkedIn Automobile, Volvo Automobile, Polestar, Proton Automobile, Lotus Automobile, London Electric Vehicle, Long-distance New Energy Commercial Vehicle, Taili Flying Vehicle, Cao Cao Special Vehicle, Homer, Saxo Bank and Mingtai. Geely Holding Group is also the largest shareholder of Volvo Group and the largest shareholder of Daimler AG.

Wei Jianjun, the actual controller of Great Wall Motor, ranked third with 8 billion US dollars (about 54.576 billion yuan). Great Wall Motor is an automobile manufacturing enterprise focusing on SUV and pickup truck. It has been listed in Hong Kong and Mainland China in 2003 and 2011 respectively. It owns four brands: Haval, WEY, Euler and Great Wall pickup truck.

BYD founder Wang Chuanfu ranked fourth with $7.5 billion. BYD's main business includes automobile manufacturing, new energy commercial vehicles, power batteries, etc.

Huang Shilin ($7.2 billion, about RMB 49.12 billion), president of Ningde Times, ranked fifth; Huang Yi ($5 billion, about RMB 34.1 billion), chairman of Zhongsheng Holdings, an auto dealer group; Lv Xiangyang ($4.6 billion, about RMB 31.38 billion), vice chairman of BYD shares, etc.

He Xiaopeng, chairman of Xiaopeng Automobile, ranked 11th with a wealth of $3.75 billion; Li Xiang, CEO of Ideal Automobile, ranked 14th with $2.9 billion; and Li Bin, chairman of NIO Automobile, ranked 15th with $2.8 billion.

Cao Dewang, the auto glass king and well-known philanthropist in the industry, ranked 15th with US $2.8 billion.

It should be noted that Forbes China said that the statistical period of "range stock price change" on the list is the closing stock price increase from the beginning of this year to September 11. The list uses holdings and financial information from individuals and families, stock exchanges, analysts and Chinese regulators. This list includes both personal and family wealth, including wealth shared by business founders and close relatives. Wealth from listed companies is calculated based on share prices and exchange rates as of Sept. 11. Unlisted companies are valued on the basis of similar listed companies.

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