• Menu
  • Menu
  • Business
  • Subscribe now
    Digital subscription Print subscription
  • Logout
Digital subscription
Print subscription
Trending
UAE holidays 2022 Golf in UAE Gratuity Calculator
  • Latest News
  • UAE
    • Crime
    • Education
    • Environment
    • Government
    • Health
      • Why Worry
    • Transport
    • Science
    • Weather
    • Ask the Law
    • Reader Complaint
    • UAE's Hope Probe
  • Living In UAE
    • Visa+Immigration
    • Housing
    • Phone+Internet
    • Banking
    • Transport
    • Health
    • Education
    • Relocate
    • Ask Us
    • Safety+Security
  • UAE Success Stories
  • Business
    • Banking
    • Aviation
    • Property
    • Energy
    • Analysis
    • Tourism
    • Markets
    • Retail
    • Corporate News
  • Best Buys
    • Electronics
    • Home and Kitchen
    • Offers
    • Consumables
    • Lifestyle
  • Your Money
    • Saving and Investment
    • Budget Living
    • Taxation
    • Expert Columns
    • Community Tips
    • Cryptocurrency
  • Food
    • Cooking and Cuisines
    • Guide to Cooking
    • Videos
  • Friday
    • Beauty
    • Wellbeing
    • Art & People
    • Home
  • Games
    • Daily Crossword
    • Sudoku
    • Word Search
    • Spell It
    • Play
  • Parenting
    • Pregnancy & Baby
    • Learning & Play
    • Child Health
    • For Mums & Dads
    • Ask Us
    • Games
  • Discounts
  • Play Games
  • Magical Dubai
    • Dubai Life
    • Live the Luxury
    • Culture and History
    • Adventure
    • Staying Connected
  • World
    • Gulf
      • Bahrain
      • Kuwait
      • Oman
      • Qatar
      • Saudi
      • Yemen
      • Games
    • Mena
    • Europe
    • Africa
    • Americas
    • Asia
      • India
      • Pakistan
      • Philippines
    • Oceania
    • Offbeat
    • Coronavirus
    • Infographics
    • Special Reports
    • Corrections
  • Special Reports
  • Photos
    • News
    • Entertainment
    • Readers' Photos
    • Lifestyle
    • Business
    • Sports
  • Opinion
    • Op-Eds
    • Letters
    • From the Editors
  • Sport
    • UAE Sport
    • Horse Racing
      • Dubai World Cup
    • Cricket
      • IPL
        • Chennai
        • Delhi
        • Punjab
        • Kolkata
        • Mumbai
        • Rajasthan
        • Bangalore
        • Hyderabad
        • Gujarat
        • Lucknow
        • Live Scores
        • Point Table
        • Top Scorers
      • ICC
    • Motorsport
    • Football
    • Tennis
    • Rugby
    • Golf in UAE
      • UAE
      • World
      • Photos & Videos
      • Course Reviews
      • Learn to Play
      • Gear
  • Entertainment
    • Hollywood
    • Bollywood
    • Pakistani Cinema
    • South Indian
    • Arab Celebs
    • Music
    • TV
    • Books
    • Theatre
    • Arts+Culture
  • Expo 2020
    • News
    • Photos
    • Pavilions
    • Visit the Expo
    • Experience the UAE
    • Entertainment
    • Videos
  • Going Out
  • Auto
    • News
    • Test Drives
    • Car Culture
    • Auto Care
  • Lifestyle
    • Health+Fitness
    • Community
    • Fashion
  • GN Reach
  • Jobs
  • Tech
    • Electronics
    • Gaming
    • Media
  • Videos
    • How-To
    • Best Of Bollywood
    • News
    • Entertainment
    • Business
    • Sport
    • Community
    • Technology
  • Travel
  • GN Focus
    • Special Features
  • Mind Your Migraine
  • 50 MENA Leaders
  • The Kurator
    • Share
    • Dare
    • Flair
  • Bayat Chapters
  • Gold-Forex
  • Gratuity Calculator
  • Notifications
  • Gold/Forex
  • Prayer Times
  • Cinema Listing
  • Newsletters
  • About Gulf News
  • Contact us
  • Work with us
  • Terms and Conditions
  • Privacy Policy
  • Gulf News store
  • Advertise with us
  • Reach by GN
  • GN Focus
  • Gulf News epaper
  • Sitemap
  • Have your say
  • © Al Nisr Publishing LLC 2022. All rights reserved.
    Move over Elon Musk: Meet the top Chinese electric vehicle tech barons

    Photos

    Login / Sign Up
    Logout
    Wednesday, August 10, 2022
    Gold / Forex

    Photos Business

    • News
    • Entertainment
    • Readers' Photos
    • Lifestyle
    • Business
    • Sports
    All Sections

    Move over Elon Musk: Meet the top Chinese electric vehicle tech barons

    China's blockbuster EV sales and market share dwarf the US numbers


    Published:  July 14, 2022 20:19 Jay Hilotin, Senior Assistant Editor

    1 of 7
    EV elite
    ELITE OF THE EV SPHERE: Out of the seven top EV tech executive, five are Chinese. (Clockwise from top left) William Li of Nio Inc., Elon Musk of Tesla, Wang Chuanfu of BYD, Henrik Fisker of Fisker, Robin Zeng of CATL, and He Xiaopeng of XPeng Inc. But this list is not complete. Image Credit: File / Gulf News
    2 of 7
    Tesla Inc. founder Elon Musk
    IT’S NOT JUST ELON MUSK, 51 | Company: Tesla | Net worth: $225 billion | There are key personalities that belong to “elite" of the global electric vehicle (EV) circle. They are Elon Musk of Tesla, Wang Chuanfu of BYD, William Li of Nio Inc., Henrik Fisker of Fisker, Robin Zeng of CATL, and He Xiaopeng of XPeng Inc. Of the seven on our list, five are Chinese: William Li, Wang Chuanfu, Robin Zeng, He Xiaopeng and Lei Jun of Xiaomi EV. Though Tesla is today the world's largest EV company in sales — and also the largest automaker by market value — the most advanced Chinese EV makers are hard at work in the EV space, unleashing compelling products that could rival Tesla in tech and desirability. Here they are: Image Credit: Reuters
    3 of 7
    Dr Robin Zeng, CATL (Contemporary Amperex Technology Co., Ltd), the technology leader in lithium-ion batteries.
    ZENG YUQUN, a.k.a. Robin Zeng, 54 | Company: CATL | Net worth: $46 billion | The motor propels an electric vehicle (EV). The battery pack forms its heart and soul. The Chinese dominate this space. Right on top is Zeng, the chairman of Contemporary Amperex Technology Co. (CATL), the world’s undisputed leader in EV batteries. Based in Ningde, China, CATL reported revenue of 50.3 billion yuan ($7.3 billion) in 2020 and $20.206 billion in 2021, a 159% increase. Even Tesla buys batteries in huge quantities from CATL, which leads in innovation. Recently, tt unveiled its new “Qilin” battery pack with a claimed range of over 1,000km (620 miles), charges faster, is said to be safer and more durable than existing batteries. Its energy density of 255 watt-hour per kg is 13% higher than Tesla’s new 4680 battery. CATL also makes parts for major clients including Bosch, Jaguar Land Rover. Image Credit: File
    4 of 7
    WANG CHUANFU, 56 | Company: BYD
    WANG CHUANFU, 56 | Company: BYD | Net worth: $24.7 billion | The brand stands for “Build Your Dreams”. Its chairman, Wang Chuanfu, a chemist, is considered an EV industry giant in his own right. China is the world's largest auto market. BYD sold so many EVs it's one of the top three automakers in China. Backed by Warren Buffett's Berkshire Hathaway (since 2010), BYD builds its own battery packs and has become a major electric car brand in China — and some of its models compete with Tesla in popularity. Image Credit: BYD | Twitter
    5 of 7
    William Li NIO CEO Chinese EV
    LI BIN, a.k.a. WILLIAM LI, Age: 47 | Company: NIO | Net worth $3.2 billion | The company, known as the “Tesla of China”, has pioneered and scaling up battery swap station. Li is dubbed as the “Elon Musk of China”. Fortune recently named NIO as the “Most Innovative Company”. NIO co-founder and CEO Li established the EV maker in Shanghai and started taking orders for its first electric SUV in December 2017. After raising $2.1 billion in funding, it went public in September 2018 on the New York Stock Exchange. It first car was the EP9 electric hypercar, presented the same day the brand was launched. NIO revealed the ES8, a seven-seater electric SUV in December 2017, and began deliveries of the ES8 in June 2018. NIO launched the ES6, a five-seater electric SUV, in December 2018, and began deliveries in June 2019. In 2021, NIO more than doubled its electric car sales. In March this year, NIO reported 9,985 electric car sales, which is 38% more than a year ago, after nearly doubling its ES8 (5-seat SUV) sales in 2021, and 39% for its (7- or 6-seat SUV). Image Credit: Twitter
    6 of 7
    He Xiaopeng Xpeng Motors
    HE XIAOPENG, 44 | Company: XPeng | Net worth: $5.1 billion | He co-founded several companies including XPeng Motors, an intelligent electric vehicle manufacturer, and UCWeb, the Chinese mobile Internet service provider (in 2004). Alibaba bought UCWeb in 2014 for $4.3 billion, making He a billionaire. From 2014, Xiaopeng served as senior executive of Alibaba Mobile Business Division, then quit his job in 2017 to start Xpeng Motors. XPeng currently manufactures G3 intelligent electric SUVs in China. The company's P7 intelligent electric sports coupe model came to market in the spring of 2020. XPeng bets that driving assistance features and other tech will be the key to winning new customers. It rivalry with Tesla and top-tier home-court rivals could reshape how we drive. Image Credit: Twitter
    7 of 7
    Chinese EV Xiaomi EV Lei Jun
    LEI JUN, 52 | Company: Xiaomi EV | Net worth: $10.7 billion | In September 2021, Xiaomi CEO Lei Jun took charge of the tech giant's new EV unit, leading a team of 300. The move is significant for Xiaomi, the world's second-largest smartphone maker (after Samsung). Based in Beijing, the company has invested an initial 10 billion yuan ($1.55 billion) into its new unit, known as Xiaomi EV, and has earmarked $10 billion over the next 10 years. In August 2021, Xiaomi announced its acquisition of self-driving technology developer DeepMotion for about $77 million. The company seeks to advance Level 4 autonomous vehicles, able to operate without driver controls under normal conditions. Image Credit: Reuters

    Trending

    • Airline jobs: Massive hiring as flight bookings rebound

      Airline jobs: Massive hiring as flight bookings rebound


    • Photos: South Korean rain turns roads into rivers

      Photos: South Korean rain turns roads into rivers


    • Photos: Fascinating #DubaiDestinations from space

      Photos: Fascinating #DubaiDestinations from space


    • 6 times Samantha Ruth Prabhu was trolled

      6 times Samantha Ruth Prabhu was trolled


    • Return flights turn costly for UAE expats

      Return flights turn costly for UAE expats

    Latest In

    • HONOR 70 leads the world of vlogging

      4 minutes ago

    • Police kill knife-wielding man at Paris airport

      14 minutes ago

    • How SEHA telemedicine service helps overseas patients

      25 minutes ago

    • On the menu at a UK restaurant: Carbon footprint

      34 minutes ago

    • Zico, The Rose and more at K-music fest in Abu Dhabi

      59 minutes ago

    Go back to top
    Network links:
    • Friday
    • Watch Time
    • getthat
    • Jobs
    • Commercial Printing
    • About Gulf News
    • Contact us
    • Work with us
    • Terms and Conditions
    • Privacy Policy
    • Gulf News store
    • Advertise with us
    • Reach by GN
    • GN Focus
    • Gulf News epaper
    • Sitemap
    • Have your say
    Find us on Social
    © Al Nisr Publishing LLC 2022. All rights reserved.
    This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy.
    Share on Facebook
    Share on Twitter
    Share on Whatsapp
    Share on Mail
    Share on LinkedIn
    Close
    Gulf News

    Get Breaking News Alerts From Gulf News

    We’ll send you latest news updates through the day. You can manage them any time by clicking on the notification icon.

    Subscribe No Thanks
    Continue reading Gulf News
    Dear Reader, please register to read gulfnews.com

    Dear Reader,

    This section is about Living in UAE and essential information you cannot live without.

    Register to read and get full access to gulfnews.com

    Create your account
    or login if you already have one
    First name is required.
    Last name is required.
    Please enter a valid email address.
    Password should have minimum 7 characters with at least one letter and number
    Passwords do not match

    By clicking below to sign up, you're agreeing to our Terms of Use and Privacy Policy

    Login your account
    New to Gulf News? Sign up now
    Please enter your email address.
    Please enter your password.

    Forgot password

    or