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
Spy Shots Reveal Redesigned Mercedes-Benz C-Class for China, New Grille and Plug-in Hybrid Powertrain
Spy shots have emerged showing a redesigned Mercedes-Benz C-Class testing in China. The new model features a larger shield-shaped grille with three-pointed star motifs and horizontal chrome trim, aligning with Mercedes' latest design language. The headlights and taillights also incorporate the signature three-pointed star elements. The test mule is a plug-in hybrid variant, with the current C 350 e L priced at 408,800 yuan as a reference. Official launch timing remains undisclosed.
XPeng MONA L03 Makes Southeast Asian Debut at GIIAS 2026 in Indonesia
The XPeng MONA L03 makes its Southeast Asian debut at GIIAS 2026. This compact intelligent SUV features a 180kW RWD motor with up to 445km WLTP range, and will later launch in right-hand-drive markets including Australia to expand XPeng's global footprint.
MG SELECT Officially Launched, JSW MG Motor India Opens Premium Luxury Channel Layout
JSW MG Motor India has launched MG SELECT, its exclusive premium luxury channel brand, to deliver curated high-end mobility experiences. Featuring the MG Cyberster EV sportscar and flagship MG M9, it inherits the brand's over 100-year motorsport heritage for new-age luxury market positioning.
4
New-Generation AMG GT Black Series Spy Photos Exposed, Adhering to Pure ICE Track-Oriented Positioning
The new-generation AMG GT Black Series prototype has been tested on the Nürburgring Nordschleife and public roads. As the production version of the AMG GT Track Sport concept, it adopts a new 4.0L flat-plane crank V8 twin-turbo powertrain, positioned as the brand's top pure ICE performance flagship.
5
Official Production-Spec Images of Fangchengbao S Released, Launch Scheduled for Q3
Fangchengbao has officially released the production-spec images of its S sedan. With optimized front and rear bumpers aligned with MIIT filings, this mid-large pure electric coupe is equipped with the 2nd-generation Blade Battery, offering a maximum CLTC range of 900km, and will launch in Q3 2026.
6
Official Teaser of Fangchengbao Ti 9 Released, Full-Size Hardcore SUV to Debut in H2
Fangchengbao has officially released the side teaser of its new Ti 9 SUV. Adopting the family boxy design, this full-size SUV offers 5/6/7-seat layouts with fold-flat third-row seats, and is scheduled to be officially launched in the second half of 2026.
Copyright © RUNTO TECH LIMITED. All rights reserved.