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Li Shufu's Hurun list is downgraded. Is it better to sell batteries than to make petrol cars?

Publish Date: 2020.10.26

9 people in the automotive industry ranked in the top 100


    Recently, the Hurun Research Institute released the 2020 Hurun Rich List. The number of entrepreneurs on the list this year reached 2,398, a record high. The total wealth has also increased by 54% over last year, reaching 27.5 trillion yuan. In the Hurun Report's top 100 list, there are 9 entrepreneurs related to the automobile industry, which is 1 more than in 2019. This time the list also confirms from the side that "making a car is worse than selling batteries."


    Among the auto-related industry entrepreneurs shortlisted in the TOP100 of the 2020 Hurun Report, Zeng Yuqun and Huang Shilin, who are engaged in the lithium battery industry, rose the fastest, rising 33 and 94 respectively. The two companies belong to the Ningde era; in addition, they belong to the new energy industry. He Xiaopeng, a car company, and Wang Chuanfu, who owns a rechargeable battery business, have risen by double digits in their rankings, and they belong to Xiaopeng Motors and BYD respectively.


宁德时代,电池,李书福,李书福,曾毓群,胡润富豪榜

宁德时代,电池,李书福,李书福,曾毓群,胡润富豪榜

    The opposite is the traditional automobile manufacturing industry. The Li Shufu family, which ranked 15th in 2019, has dropped to 24th this year. It belongs to Geely Automobile Group. In addition, Wei Jianjun and Han Xuejuan also fell 10th to 96th this year, and their company is Great Wall.


    Compared with the TOP100 of the 2019 Hurun Report, there are 2 places that fell out of the top 100 this year, namely Wanxiang’s Lu Weiding family and Guanghui’s Sun Guangxin. Both have fallen on the 2019 Hurun Report. This year has not stopped the downward trend, falling to 100%. It is reported that Wanxiang’s main businesses are automobile manufacturing, real estate, and agriculture, while Guanghui’s main businesses are automobile sales, energy, and real estate.


    Hurun Report Chairman and Chief Research Officer Hu Run said: "Emerging industries have officially ushered in a big explosion this year. In the past few years, China has deepened supply-side structural reforms, promoted high-quality economic development, and continued to optimize the economic structure."


Engaged in new energy related rankings rise


    As a representative of the new energy on the Hurun Report, Zeng Yuqun of Ningde Times, an electric vehicle battery manufacturer, grew wealth by 1.7 times to 120 billion. Ningde Times has 8 people on the list this year, and Ningde Times has become the industry's biggest "dark horse". Regarding Zeng Yuqun, Meituan CEO Wang Xing once wrote on his personal account: "Zeng Yuqun in the Ningde era is an entrepreneur who will be the same as Ren Zhengfei in the future."


宁德时代,电池,李书福,李书福,曾毓群,胡润富豪榜


Zeng Yuqun


    "If we are not number one in the world, we have no value for existence." This is a saying often said by Zeng Yuqun. After nine years of ups and downs in the Ningde era, the pace of progress is getting faster and faster. In 2017, CATL surpassed BYD and took the top spot in the global new energy power battery. In 2018, CATL was listed on the ChiNext of the Shenzhen Stock Exchange.


    At present, in addition to SAIC, GAC, Dongfeng, and SAIC GM that have established joint ventures with CATL, BAIC New Energy, Geely, etc. have also established strategic partnerships with CATL. In addition, new car-building forces such as Weilai, Weimar, and Byton have also thrown olive branches. According to rough statistics from the media, there are currently as many as 27 domestic and foreign auto companies in joint ventures with CATL.


    In Hurun's view, this is due to the rapid development of my country's new energy vehicles and related industries, because the wealth of Xiaopeng Motors He Xiaopeng in the same industry has increased by 80% to 45 billion yuan, and ideal automobile Li Xiang's wealth is on the list for the first time with 24 billion yuan. , And Weilai’s Li Bin wealth has also increased nearly three times.


宁德时代,电池,李书福,李书福,曾毓群,胡润富豪榜


Li Shufu


    The Li Shufu family, Wei Jianjun and Han Xuejuan, who belonged to the traditional automobile manufacturing industry, have shown varying degrees of decline in rankings. Some analysts pointed out that this is related to the decline in the net profit of its affiliated companies. From the semi-annual reports of Geely and Great Wall, it can be seen that the net profit of the two companies in the first half of the year fell by 52% and 24% respectively.

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