New Delhi: Zeng Yuqun, founder of the largest electric vehicle battery maker, has surpassed Jack MA in a rating of wealth, a symbolic moment in the rise of Chinese green billionaire.
Zeng’s net wealth has surged to $ 49.5 billion, according to Bloomberg Billionaires Index, as stock amperex Technology Co.
Ltd this year.
It exceeded the Alibaba Holding Group Ltd Co-Founder MA Wealth of $ 48.1 billion and made Zeng one of the five richest people in Asia for the first time.
This is the latest sign of how a new generation of tycoons in China take care of great wealth in clean energy boom.
Investors have pushed stocks such as Catl, the main supplier for Tesla Inc., because the country led the market for electric vehicle sales and pursued ambitious policies to achieve carbon neutrality in 2060.
“billionaire ranked dominated by real estate.
Tycoons and subsequent technology entrepreneurs, and Now we see more from the new energy sector, “said Hao Gao, Director of the Global Family Business Research Center for the University of Tsinghua University.
“As an industrial leader for electric vehicle batteries, CATL will benefit the most of the purpose of carbon emissions.” A Catl spokesman refused to comment on Zeng’s net worth.
Zeng, 53, who came from the village on the hillside in Fujian province in Southeast China, built a Catl into the battery of Juggernaut in less than a decade, creating a global producer of cells that could be refilled for plug-in vehicles.
Battery sales of global electric vehicles more than doubled in the first five months of this year from the previous year, with CATL records for 31.2% of the market, the largest part, according to SNE research reports.
Retail sales of new energy vehicles in China rose 9.8% by 2020 to 1.11 million units, according to the Chinese passenger car association.
Bloombergnef estimates the growth of the company’s global sales continues, profitable from the scale of the economy, a competitive upstream supply chain and an established client base.
Catl Stock has surged more than 20 times since the company go public in Shenzhen in 2018.
It rises 59% this year alone because EVS demand increases, countries work to reduce emissions and carbon costs.
Trade Catl at more than 100 estimates of income, compared to about 13 times for Panasonic Corp..
China Tesla suppliers go beyond financial giants in size: graph In addition to Tesla, Catl calculates the BMW AG and Volkswagen AG and Volkswagen.
In an interview last year, Zeng said he and Tesla Chief Executive Officer Elon Musk text about technology, the main interest of Covid-19 and Musk: Cheaper batteries and cars.
Zeng, who won a doctorate in the physics of thick material from the Chinese Academy of Science in Beijing, not the only billionaire who benefited from the surge in Catl shares.
Huang Shilin, the vice chairman of the company, worth more than $ 21 billion, while Li Ping, who is also a deputy chairman, has a wealth of $ 8.5 billion.
When the star Zeng rose, the Supreme Court had diminished.
The Fintech Value of ARM Fintech Ant Group Co.
has dropped since the former English teacher pushed back against Beijing, encouraging Chinese authorities to cancel the company’s plans for great initial public offering.
MA, 56, has all but down from public views, and has lost $ 2.5 billion in this year’s wealth.