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
Sony Honda Mobility Debuts Afeela Prototype 2026 Crossover at CES; US Launch Set for 2028
At CES 2026 Sony Honda Mobility unveiled the Afeela Prototype 2026, a low-key crossover that mirrors the Afeela 1 sedan’s front LCD visor, roof-mounted LiDAR, auto-power doors and aero wheels. SHM says a production version will reach the U.S. in 2028. The Afeela 1, meanwhile, is being trial-built at Honda’s East Liberty plant for California deliveries later this year, followed by Arizona and Japan in 2027.
Volkswagen to Add “Import Fee” on Cars Sold in the US
Volkswagen has announced plans to add an “import fee” to the price of imported cars sold in the US later this month, in response to the 25% tariffs imposed by the US government on imported cars and auto parts. This move is one of the first clear examples of how automakers are dealing with the tariffs imposed by President Trump. Volkswagen also plans to reduce sales incentives and has halted rail shipments of cars from its plants in Mexico to the US, although sea shipments will continue. The Volkswagen Atlas and ID.4, produced at its Chattanooga plant in Tennessee, are also expected to be affected by the tariffs due to their imported components.
Toyota Teases New US SUV Launch; Likely Fifth-Generation Highlander EV to Rival Kia EV9
Toyota has teased a new US-market SUV believed to be the fifth-generation Highlander, potentially transitioning to full electrification on the e-TNGA architecture. The teaser image reveals a boxy silhouette, pronounced fenders and full-width LED taillights echoing the 2021 bZ Large SUV concept. The three-row battery-electric vehicle is expected to compete against the Kia EV9 and Hyundai Ioniq 9, with the existing Grand Highlander continuing to serve internal combustion customers.
4
2026 Changan UNI-Z Launched at 115,900-124,900 Yuan with Comprehensive Tech Upgrades
The 2026 Changan UNI-Z has launched on March 26 with two variants—500ar PRO and 500ar MAX—priced at 115,900 and 124,900 yuan respectively. Exterior updates include enlarged front bumper air intakes while dimensions remain unchanged at 4,730 mm long with a 2,795 mm wheelbase. Interior revisions feature a new three-spoke steering wheel and column-mounted gear selector. The model introduces the Tianshu intelligent driving assist system with added functions including reverse tracking and lane change assist, alongside upgraded voice control with continuous recognition, CarPlay/HiCar connectivity, and driver's seat massage functionality.
5
Mercedes-AMG GT Black Series and GT3 Race Car Unveiled for 2027 Season
Mercedes-AMG unveiled the new AMG GT Black Series road car and GT3 race car, both derived from the Track Sport prototype and powered by a 4.0-litre twin-turbo V8 engine, set to compete from the 2027 season. The Black Series features yellow-green livery and Michelin Pilot Sport Cup 2 tyres, while the GT3 racer sports red stripes and a full roll cage. Both share aggressive aerodynamics including large grilles, single-nut wheels, fixed rear wings, and prominent diffusers.
6
Updated XPeng MONA M03 Revealed with New Roland Purple and Avocado Green Colors
XPeng Motors released official images of the new compact sedan MONA M03, a facelifted model that retains the closed front grille and T-shaped headlight design while adding two new body colors—Roland Purple and Avocado Green—to cater to personalized preferences. The current MONA M03 lineup includes four available variants, priced between 119,800 and 139,800 yuan, offering six paint options: Dark Night Black, Nebula White, Star Rain Green, Star Horizon Beige, Twilight Purple, and Micro Moon Gray.
Copyright © RUNTO TECH LIMITED. All rights reserved.