Global Automotive Industry Boosts Billionaires' Wealth, Chinese Tycoons Stand Out

2024/04/02
General News
-
Indonesia
Malaysia
According to research by MarketsandMarkets, China accounts for approximately 60% of global electric vehicle sales, significantly contributing to the wealth of many billionaires, particularly in China. By 2024, the used electric vehicle market is expected to gain momentum, with sales anticipated to rise by about 100% compared to 2022 and 40% compared to 2023. Additionally, global sales of passenger and commercial vehicles are projected to reach 95 million units in 2024, increasing by over 3.1% from 2023. Several billionaires, including Elon Musk with a net worth of $195.3 billion, have amassed part of their fortunes through involvement in and ownership of automotive companies. Other notable figures include Robin Zeng, Stefan Quandt, and Susanne Klatten, who have also amassed significant wealth in the automotive industry.
Click original text link for more information
GAIKINDO
Hot News
212 T01 60th Anniversary Edition Interior Revealed with Two-Tone Design and Exclusive Embroidery
The 212 T01 60th Anniversary Edition interior features a two-tone design with exclusive embroidery. Exterior adds commemorative graphics and soft-top. Dimensions are 4705/1895/1936mm with a 2860mm wheelbase, 40° approach and 36° departure angles. The 185kW 2.0T engine pairs with an 8AT, part-time 4WD, optional diff locks and OFFROAD mode, blending rugged capability with modern tech.
Perodua Weighs RM500 Million Takeover of Tan Chong’s Serendah Plant for EV Expansion
Perodua is exploring a RM500 million acquisition of TCMA’s Serendah plant, sources tell The Edge. The 40k-unit-capacity site, only 3 km from Perodua’s headquarters, already leases 30k units annually for QV-E EV paint and assembly, generating RM80 million for cash-strapped Tan Chong whose overall utilization hovers at 13%. The deal would lift Perodua beyond its current 320k maximum output and secure dedicated EV capacity, while Tan Chong monetizes excess assets.
BYD Yuan MAX Spy Shots: Longer Wheelbase, Semi-Hidden Handles, Aiming at Song Pro
New spy shots reveal a heavily camouflaged BYD SUV bearing Yuan badges on wheels and steering wheel, hinting at a “Yuan MAX” slot. The model keeps Dragon Face cues, adopts semi-flush door handles and a stretched C-pillar, pushing length toward 4.7 m and wheelbase beyond 2 720 mm—positioning it between Yuan PLUS and Song Pro in BYD’s expanding SUV line-up.
4
Xpeng G7 EREV Debuts: 1.5T Range Extender, 5C Ultra-Fast Charge, 1 704 km Total Range
The Xpeng G7 EREV breaks cover with a 1.5T range extender and 5C ultra-fast-charge 800 V architecture, delivering 430 km electric plus 1 704 km combined range. Design tweaks include an unbroken light bar, active aero grille and new Star-Dusk Purple paint, cutting drag while positioning the SUV for anxiety-free long-distance EV travel.
5
Fang Cheng Bao "Magnesium 9" Spy Shots: 2026 Slip-back Electric Coupe with LiDAR
Fang Cheng Bao's first sedan, codenamed "Magnesium 9", is set for a 2026 launch. The coupe-style EV features a closed grille, oval headlights, slip-back roof and hidden handles, plus a roof-mounted LiDAR for advanced ADAS. Dual powertrains—pure electric and DMO PHEV—are expected, with an estimated price range of RMB 200-300k, positioning it against rivals like the Xiaomi SU7 and Zeekr 001 .
6
Land Rover 2026 Plan: Range Rover EV Leads Six-Model Electric & Refresh Offensive
JLR’s 2026 roadmap confirms six debuts, headlined by the first-ever Range Rover EV. Built on MLA-Flex, the 117 kWh pack drives dual motors for 550 PS and 531 km WLTP range via 800 V architecture. Facelifted Range Rover and Sport gain a 12-inch standalone climate touchscreen, while an electric Velar joins the line-up, accelerating Land Rover’s full electrification push.
Copyright © RUNTO TECH LIMITED. All rights reserved.