Where is the wealth code of the automotive industry?
A few days ago, the "2022 Hurun Global Rich List" released by the Hurun Research Institute may give the answer.
This is the eleventh consecutive year that the Hurun Research Institute has released the "Global Rich List", and the deadline for calculating the wealth of entrepreneurs on the list is January 14, 2022. About 25 of the TOP 1,000 billionaires are from the automotive industry. The changing wealth of these entrepreneurs often gives us a glimpse of the changing course of the times.
Source: Hurun Report Official, Gaz Auto
Automobile + technology is the outlet of the industry, and traditional automobile manufacturing is in decline
Musk and Tesla are an outlier for the entire auto industry.
Before the advent of Tesla, no vehicle manufacturer could have a market value of more than one trillion yuan, and no car entrepreneur could sit at the top of the rich list. Tesla's current annual sales are only one-tenth of that of traditional car companies such as Toyota Volkswagen.
Tesla's high market capitalization is spawned by the stock market, because Tesla is not just a traditional car manufacturer, it is essentially a technology company. The market capitalization of technology companies is far more imaginative than that of a manufacturing company. It is foreseeable that with the acceleration of the transformation of automotive intelligent electrification, more and more automotive electronics and automotive intelligence companies will enter the vision of The Hurun Rich List.
This is also why in recent years, traditional companies such as Volkswagen, Toyota, BMW, and Mercedes-Benz have all expressed their intention to transform or rename technology companies. You see BMW's market value has begun to rise steadily since it began to transform into a technology company in the first two years. Its majority shareholder, Ms. Suzanne, also climbed in her personal wealth ranking year by year.
The industrial chain is more and more voiced, and look at how hot the power battery and lithium resources are
In the list of auto billionaire T0P25, there are 12 companies from the industrial chain such as parts manufacturing, batteries, lithium mines, etc., occupying half of the country. Especially the power battery enterprises represented by the Ningde era and Ewell Lithium Energy.
On the 2020 Hurun Rich List, China's richest car man is still Li Shufu. But from 2021 onwards, Zeng Yuqun of the Ningde era surpassed Li Shufu to become the richest man in China's automotive industry. Among the 12 rich people in the automotive industry chain, even 4 are from the Ningde era, and the wealth-making ability of the Ningde era is super strong.
The research and development and manufacturing of the three core parts of traditional automobiles are controlled by the car companies themselves. In the era of new energy, vehicle manufacturing enterprises have transformed into technology companies, and the core software and hardware of new energy vehicles, such as power batteries, operating systems, automatic driving solutions, etc., are in the hands of industrial chain enterprises, which undoubtedly makes the industrial chain giants have more say.
Even upstream raw material companies, such as Mr. Jiang Weiping of Tianqi Lithium Industry, who controls lithium resources, can also rank among the TOP25. The influx of new car-making forces may also drive downstream foundry enterprises to become new industrial chain giants in the future.
After the story is told, the mythical aura of the new forces of car building fades
Weilai, which was once the vanguard of new car-making forces, did not rise in stock prices in 2021. Li Bin's net worth shrank the most, and the ranking slipped by 342 places. He Xiaopeng's ranking dropped slightly by one place, and only Li Xiang's ranking increased significantly.
After the story of the new forces was almost told, they eventually returned to the automotive industry. At this time, the gap between the new forces and traditional car companies in terms of scale and the gap between Tesla and Tesla in terms of scientific and technological attributes has emerged.
Next, the new forces will go down the old road of traditional car competition, and the scale can be developed before the story can continue to be told.
The future of global auto wealth depends on China
Take the TOP25 of the car rich, of which there are 14 Chinese rich people (including families), more than half. And these 14 rich people hold 40% of the wealth of the TOP25 car rich people. If you don't count the wealth of Tesla, the richest man in China, the proportion of wealth is even higher, reaching more than 70%.
Although the mainland automobile industry started late, after so many years of development, especially in the field of new energy electrification, "curve overtaking", coupled with the large scale of the Chinese market, from vehicle manufacturing to the industrial chain has been the layout of Chinese enterprises.
Geely, Great Wall and BYD, as the traditional car companies that took the lead in transformation, have seen the future development potential from the wealth list; the three new forces are still working hard; and the upstream Chinese enterprises in the future new energy industry chain are also laying out. In the future, more Chinese companies and entrepreneurs may enter the Hurun rich list. (Text/UVIS Auto Old Cannon)
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