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
Hongqi Signs MoU with Quill Group to Enter Malaysia Market Officially
Hongqi, a luxury brand of FAW Group, has signed an MoU with Quill Group, which has obtained the exclusive rights as the official importer and CKD distributor for Hongqi’s entry into Malaysia. Hongqi plans to launch officially in Malaysia in the middle of this year, with its L5 model for VVIPs only, and is advancing the global layout of new energy SUVs.
2027 Exeed ES Officially Launched: BEV+EREV Dual Powertrains, Prices from 169,900 Yuan
On July 20, the 2027 Exeed ES officially launched, offering one pure electric and two range-extender variants with prices from 169,900 to 199,900 yuan. Positioned as a track-level performance mid-to-large smart coupe, the new model is built on Exeed's upgraded all-domain new energy platform and comes standard with high-end Falcon intelligent driving assistance and Pánshí 2.0 all-domain safety system. The exterior adopts the "Phoenix Feather Butterfly Face" design language, retaining a sleek fastback coupe silhouette with standard sport rear bumper and optional Shadow Sport package (ISD Wind Whisper interactive headlights and wind-control electric spoiler), earning the German iF, American MUSE, and Italian A'Design awards. Body dimensions measure 4,945×1,978×1,480mm with a 3,000mm wheelbase; the 1.48m height delivers a 0.22Cd ultra-low drag coefficient. The signature connected Star Ring LED light band pairs with the ISD Wind Whisper interactive lamp cluster featuring 1,200 individual LED beads supporting customizable welcome, farewell, turn signal, and parking light patterns.
Geely Galaxy Battleship 700 to Debut July 24 as Mid-to-Large PHEV SUV with Tri-Motor AWD
Geely Galaxy will debut the Battleship 700 on July 24, a new mid-to-large SUV featuring a rugged, boxy design language. The exterior includes a narrow-slat grille with square-outside-round-inside headlamps, hood vents with sculpted lines, orange bumper accents, and a front tow hook. A roof-mounted lookout LiDAR signals advanced intelligent driving capabilities. Power comes from a plug-in hybrid system with either a 2.0L or 1.5L turbocharged engine paired with a tri-motor all-wheel-drive system, expanding Geely Galaxy's premium new energy SUV portfolio.
4
Denza Z9S Official Images Unveiled in Asia-Pacific as Compact Electric Sedan in Dawn Purple
Following the Z9GT's Asia-Pacific debut, Denza has unveiled the Z9S electric sedan. Measuring 5,090/1,980/1,490 mm with a 3,025 mm wheelbase—145 mm shorter and with a 100 mm reduced wheelbase versus the Z9GT—the model adopts a more compact positioning. The exterior features the Dawn Purple exclusive color, retaining the Z9GT's "fang" bumper design while introducing a new dual-layer headlamp configuration with main lamps repositioned to the bumper and dual-slat LED DRLs above. The fastback silhouette and near full-width taillights enhance sportiness. Notably, the Z9S switches to concave door handles to comply with upcoming Chinese regulations, with independently mounted side mirrors. A roof-mounted LiDAR and multiple cameras support advanced intelligent driving capabilities.
5
Denza Z9S Production Vehicle Debuts as Compact Electric Sports Sedan with Single and Tri-Motor Options
The Denza Z9S production vehicle has officially debuted as a more compact electric sports sedan compared to the Z9, featuring all-new exterior and interior design with enhanced power and range capabilities. The exterior adopts a roof-mounted LiDAR and a new split headlamp design with dual-slat LED upper lighting and vertically arranged headlamps integrated into the front bumper, complemented by a full-width fascia panel and dual-section front lip for heightened sportiness. Powertrain options include single-motor and tri-motor variants, further expanding Denza's portfolio in the premium electric sports sedan segment.
6
Geely Coolray Set for Indonesia Debut as Market-Specific Model with Mixed Old-New Design
Geely is set to launch its first ICE vehicle in Indonesia, the Coolray—a twin model of the Proton X50 featuring a unique market-specific configuration. The Indonesian variant adopts the pre-facelift X50 exterior while incorporating the post-facelift interior design, creating a mixed old-new aesthetic. Like the South African market version, both are assembled at Proton's Tanjung Malim plant in Perak, Malaysia, before export. Distinctive details include Geely's shield emblem and adjusted wheel specifications tailored to Indonesian market preferences.
Copyright © RUNTO TECH LIMITED. All rights reserved.