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

2024/04/02
General News
-
Malaysia
Japan
Indonesia
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
Mercedes-AMG GT SUV World Premiere – First Native Pure EV High-Performance SUV
Mercedes-AMG unveiled the AMG GT SUV at its 140th anniversary celebration in Stuttgart – the brand's first native pure EV high-performance SUV since becoming independent, built on the exclusive AMG.EA platform. Positioned as a mid-to-large pure EV high-performance SUV, it directly targets the Porsche Cayenne Turbo Electric, with global deliveries starting in early 2027. Three variants are offered: GT 63, GT 55 and GT 53. The GT 63 and GT 55 use three axial-flux motors (1 front, 2 rear) producing a combined 860kW (1,169HP) with ~2,000Nm torque, achieving 0-100km/h in ~2.5s and 0-200km/h in 6.8s at 270km/h top speed. Battery options are 106kWh and 128kWh with 800V architecture delivering up to 700km WLTP range, and 710kW charging adds 450km in just 10 minutes.
BMW iX7 Spied at Nürburgring – Still CLAR-Based, Dual Motor 578HP
The camouflaged BMW iX7 has been spotted at the Nürburgring conducting dynamic performance and durability testing, with its debut expected in 2027. Despite not adopting the Neue Klasse pure EV platform, the iX7 remains CLAR-based and won't feature the closed-off front face seen on the new iX3 and iX5. It carries over the split-headlight design of the X7 while gaining new-generation body surfacing and electric hidden door handles. The iX7 will nonetheless get the latest cockpit and powertrain, expected to share motor configurations with the iX5 for 578HP in dual-motor form, with a higher-positioned M-branded performance variant possible. A larger battery exceeding 110kWh is also anticipated for improved long-distance range.
Jetta M6 to Officially Launch on Oct 22, Starting from 80,800 Yuan with Urban NOA
Jetta's new all-electric mid-size sedan M6 is set to launch on Oct 22 with limited pre-sale range 80,800-99,800 yuan. Built on Jiesi EV architecture with 0.208 drag coefficient, it delivers maximum 555km CLTC range, equipped with Horizon Robotics Journey 6M chip to support urban NOA, making it a rare 100,000-yuan EV with high-level ADAS.
4
2026 Chery Global Innovation Conference Opens, Yaoguang 2035 Strategy Unveils 12 Core Tech Achievements
On Oct 20, 2026 Chery Global Innovation Conference was held in Wuhu, officially launching Yaoguang 2035 strategy, featuring physics-AI oriented CheryMind vertical LLM, self-developed Ziwei series automotive chips, factory-installed L4 Robotaxi, 1500A Xulong ultra-fast charging and other core technologies, driving the enterprise to fully transform from a traditional carmaker to an AI-driven global intelligent tech company.
5
Li Auto Officially Unveils Lianshan Electric Technology System with Full-stack R&D of Battery, E-drive and Supercharging Network
On October 20, Li Auto held its Power Day event and officially launched the full-stack self-developed Lianshan Electric Technology System, covering Lianshan battery, Lianshan e-drive, self-built supercharging network and cloud quality warning platform. It realizes 5C ultra-fast charging (10 minutes charging for 500km range) and rolls out exclusive battery warranty plan to comprehensively enhance EV users' travel experience.
6
2027 Tank 500 to Launch on October 23, Equipped with Coffee Pilot 4.0 ADAS System, Up to RMB 12,000 Pre-order Exclusive Benefits Available
The 2027 Tank 500 is set to launch on October 23, with pre-orders now open. Buyers can enjoy a RMB 3,000 deposit discount for RMB 9,000 off the final payment, plus exclusive optional benefits worth up to RMB 12,000. The new model adds the exclusive Danxia Red exterior color, is equipped with the Coffee Pilot 4.0 ADAS system, and offers three powertrain options: Hi4-T, Hi4-Z and 3.0T fuel version, further enhancing its hardcore off-road attributes.
Copyright © RUNTO TECH LIMITED. All rights reserved.