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
Volkswagen ID.ERA 8X Pre-Sales Start September 28 with 1,500km Range
The Volkswagen ID.ERA 8X has been revealed, with pre-sales starting September 28. Positioned as a mid-to-large size SUV with a large five-seat layout, officially dubbed a "German driving flagship SUV." Exterior features connected light strips and L-shaped daytime running lights with a six-core headlight design. Dimensions are 5,020/1,997/1,750mm with a 2,970mm wheelbase. Interior follows the ID.ERA 9X design with dual-spoke steering wheel, instrument magic screen, Smart surface door panel and 15.6-inch 2.5K dual screens. Chassis uses cloud chassis and VMC control system with dual-chamber air suspension and intelligent road-preview magic carpet system. Powertrain combines a 1.5L range extender (105kW) with a 220kW motor. The 51.1kWh battery delivers over 340km CLTC EV range and 1,400km total; the 65.2kWh version offers over 400km EV and 1,500km total range.
BYD Seagull Design Details Revealed, Significantly Larger with Lidar
BYD has revealed design details of the new-generation Seagull. Dimensions are 4,205/1,810/1,570mm with a 2,650mm wheelbase, 425mm longer, 95mm wider and 150mm longer in wheelbase than the current model. Exterior maintains the classic front face with new trident-position lights and lens headlights, redesigned bumper with genuine air ducts and roof-mounted lidar. Interior is completely renewed with a large central screen (no instrument cluster), physical buttons and wireless charging. Powertrain uses a permanent magnet synchronous motor (95kW, 40kW more than current model) reaching 150km/h, with LFP battery.
Hongqi G919 Pre-Sales Start at 359,800 Yuan, Quad-Motor Off-Road SUV with 4.5s 0-100km/h
Hongqi has opened pre-sales for the G919 with 3 variants priced at 359,800-439,800 yuan with 9 priority benefits. Positioned as a mid-to-large off-road SUV with body-on-frame construction, featuring a range-extended powertrain with quad motors. The exterior showcases Eastern aesthetics with mortise-and-tenon design elements and heritage LED headlights. Dimensions are 5,135/2,050/1,950mm with a 2,900mm wheelbase. Interior features a Snapdragon 8295P chip, dual 17.3-inch screens and Dynaudio 18-speaker 7.1.4 Dolby Atmos system. Off-road capabilities include three differential locks and all-scenario air suspension. Combined output reaches 620kW/1,320Nm with 0-100km/h in 4.5 seconds, 280km EV range and 1,350km total range. ADAS features Sinan 5.0 Max with a 384-line lidar and infrared night vision system.
4
GAC Trumpchi Yue 7 Launched at 161,800 Yuan with 261km EV Range
GAC Trumpchi has launched the Yue 7 with 4 variants priced at 169,800-215,800 yuan (equity price: 161,800-207,800 yuan). This PHEV SUV features a 1.5L turbo engine with motors producing 205kW single or 205kW+220kW dual, achieving 0-100km/h in 7.49s or 4.2s. CLTC electric range is 161-261km with total range up to 1,352km. Equipped with front/rear mechanical differential locks and energy center lock. The top trim includes a 192-line lidar supporting urban and highway NOA. Dimensions are 5,045(4,999)/2,004/1,933(1,916)mm with a 2,900mm wheelbase. Interior features a 1.1-meter panoramic screen, Snapdragon QCM8838 chip and ADiGO 7.0 system.
5
Fang Cheng Bao Titanium 9 Interior Revealed, Q4 Launch with 1,600km Range
The Fang Cheng Bao Titanium 9 interior has been revealed, positioned as a large plug-in hybrid SUV with 6-seat layout and boxy design, launching in Q4. Interior features a continuous screen, four-spoke steering wheel, island console with wireless charging and physical buttons. Second row offers independent seats with quick-access buttons, large foldable screens, tray tables and car fridge. Exterior has a connected circular light bar, silver skid plate and roof-mounted lidar. Dimensions are 5,270/1,999/1,850mm with a 3,130mm wheelbase. Powertrain combines 1.5T engine with front and rear motors (400kW total) and 66.48kWh battery, delivering 310km WLTP electric range and over 1,600km total range. Equipped with Cloud Na-P Ultra hydraulic suspension and rear-wheel steering.
6
Sunwoda Unveils Intelligent Flash Charging Battery System, 15C Fast Charge
Sunwoda unveiled its intelligent flash charging battery system solution at the 2026 New Energy Battery Industry Development Conference on September 17, featuring 15C flash charging. At room temperature, it charges 10-70% SOC in 5 minutes and 10-97% in 9 minutes, with 1 minute of charging providing 100km range. At -30°C, it achieves 20-97% SOC in 12 minutes. The system supports 700km+ range with 90%+ range retention at -20°C, energy density of 460Wh/L (190Wh/kg). The "Intelligent Cell, Energy Domain Controller, AI Cloud Control Platform" trinity can identify 20+ fault types with 99.77% accuracy and provide 2-10 day advance warnings. The "All-Powerful • Borderless" solar-storage-flash charging open ecosystem targets 10,000 flash charging stations by end of 2027.
Copyright © RUNTO TECH LIMITED. All rights reserved.