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
Leapmotor B10 High-Power Variant Submitted for Homologation with 180/185 kW Single Motor
The high-power variant of the Leapmotor B10 has appeared in MIIT homologation filings, retaining the existing exterior design. The new variant continues with a single-motor layout offering two power outputs of 180 kW and 185 kW, representing a significant increase over the current 132 kW and 160 kW versions. It maintains the LFP battery configuration with a top speed of 180 km/h. This addition further expands the B10 product lineup and strengthens its competitiveness in the compact pure electric SUV segment.
Lamborghini Fenomeno Roadster Unveiled as Permanent Open-Top Hypercar Limited to 15 Units Globally
Lamborghini has unveiled the Fenomeno Roadster to commemorate its 63rd anniversary, limited to just 15 units globally—half the production of the August 2025 coupe variant, whose 30 units sold out immediately. The model continues the brand's ultra-limited collector series alongside icons like the Reventon and Veneno. Unlike conventional convertibles, the Fenomeno Roadster adopts a "permanent open-top" architecture without retractable hardtop, removable panels, or targa configuration. Designers optimized the body through shortened side windows, a small carbon fiber rear spoiler on the windscreen edge, and dual aerodynamic humps behind the headrests serving both airflow management and rollover protection. Lamborghini confirms identical downforce, stability, and thermal performance to the coupe through upper surface optimization and new aero packages, with convertible weight penalty limited to only a few kilograms.
Mercedes-AMG GLC43 4Matic Coupé Nightfall Edition Launched in Malaysia at RM518,888
The locally assembled Mercedes-AMG GLC43 4Matic Coupé Nightfall Edition has been launched in Malaysia, priced at RM518,888 on-the-road without insurance. Building upon the standard model introduced in November 2024, the Nightfall Edition adds the AMG Night Package Exterior II with dark chrome radiator trim slats, rear tristar and model badging, plus a silver chrome AMG fuel filler cap. The cabin features the AMG Real Performance Sound system with Balanced and Powerful modes. Power comes from a 2.0-liter turbocharged inline-four producing 421 PS and 500 Nm, supplemented by a 48-volt mild-hybrid belt-driven starter generator adding 14 PS. The powertrain is paired with the AMG Speedshift MCT 9G nine-speed automatic transmission and 4MATIC all-wheel drive, enabling 0-100 km/h in 4.5 seconds and an electronically limited top speed of 250 km/h.
4
Denza B8 Plug-in Hybrid Off-Roader Set for Malaysian Launch on May 21; DMO Powertrain Delivers 578 PS
Denza Malaysia has confirmed the B8 plug-in hybrid off-road SUV will launch on May 21, with public display from May 22-24 at Bangsar Shopping Centre. Based on the Fangchengbao Bao 8, the ladder-frame B8 utilizes the Dual-Mode Off-road (DMO) powertrain combining a 2.0-liter turbocharged petrol engine with dual electric motors producing a combined 578 PS and 760 Nm, achieving 0-100 km/h in 4.8 seconds. The 36.8 kWh Blade LFP battery delivers 100 km WLTP electric range, while a 91-liter fuel tank extends total range to 905 km. DC fast charging supports up to 120 kW. Off-road credentials include front and rear locking differentials and DiSus-P hydraulic suspension offering 140 mm of ride height adjustment, increasing maximum wading depth to 890 mm with approach and departure angles of 34 and 35 degrees respectively.
5
MG 4X Blind Orders Open with Market Guide Price from 99,800 Yuan, Official Launch at End of May
The MG 4X has officially opened blind orders on May 11 with a market guide price starting from 99,800 yuan, scheduled for official launch at the end of May. Launch benefits include up to 12,599 yuan in blind order privileges and a complimentary OPPO Watch X3 valued at 2,599 yuan. The exterior adopts family design language with a closed grille, star-ring full-width light bar, and rounded slender headlight clusters, complemented by distinctive lower air intakes for enhanced sportiness. Measuring 4500/1849/1621(1627)mm with a 2735mm wheelbase, the side profile features multi-spoke wheels and conventional mechanical door handles, while the rear employs full-width taillights with ducktail spoiler and roof-mounted rear wing for added visual depth.
6
BYD Seal 6 Adds Sage Green as Permanent Color Option in Malaysia; Pricing Unchanged
BYD Malaysia has introduced "Sage Green" as a permanent exterior color option for the Seal 6 battery electric C-segment sedan, with pricing unchanged at RM100,000 for the Dynamic variant and RM115,800 for the Premium. The model measures 4,720×1,860×1,495mm with a 2,820mm wheelbase, featuring a 56.64kWh battery delivering 410km WLTP range and 100kW DC fast charging capability. The Dynamic variant produces 129PS via a front-mounted motor, while the Premium offers 218PS. Standard equipment includes a 12.8-inch rotating touchscreen, full-speed ACC, AEB, and a 360-degree surround-view camera system.
Copyright © RUNTO TECH LIMITED. All rights reserved.