Battery tycoon charges ahead in wealth rankings

Dr Zeng Yuqun's net worth has jumped to $67 billionas shares of Contemporary Amperex Technology surged this year.
Dr Zeng Yuqun's net worth has jumped to $67 billionas shares of Contemporary Amperex Technology surged this year.PHOTO: REUTERS

(BLOOMBERG) - Looks like selling car batteries is a better business than e-commerce and fintech combined.

After all, Dr Zeng Yuqun, founder of the world's biggest electric-vehicle battery maker, has overtaken Mr Jack Ma in the wealth rankings, a symbolic moment in the rise of China's green billionaires.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.