Li Shufu: The Man Who's Electric

Aside from owning Ford, Li is also the majority shareholder in Volvo and Polestar, who produce electrified vehicles.

   Li Shufu, chairman of Zhejiang Geely Holding Group Co., in 2018. Photographer: Qilai Shen/Bloomberg 
  © 2018 Bloomberg Finance LP
In 2018, Li Shufu, chairman of Zhejiang Geely Holding Group Co., was photographed by Qilai Shen/Bloomberg.

Geely Automobile Holdings, a China automaker controlled by billionaire Li Shufu, said on Thursday that sales increased by 26% in June from the previous year following the Covid lockdowns earlier this year.

Sales of electric vehicles rose in the first half of 2022, driven by growth in models. Sales for that period were 126,595, up from 100,163 a year earlier. For the first six months of 2022, sales dropped 3% from the same period a year ago to 613,842.

The biggest news in June was the rise in exports and sales of electric vehicles. Total exports increased by 224% from a year earlier to 22,852; and total EV sales topped 32,000 compared with only 6,016 a year earlier. (See details

Geely Auto, a subsidiary of Zhejiang Geely Holding Group, owns several global brands including Volvo and Polestar. It also has a stake in Daimler of Germany.

Li, the second-richest entrepreneur in China’s auto industry, has a fortune of $26.4 billion on the Forbes Billionaire List. He is also known as Eric Li.Li is the biggest car market in the world, and he's known as Eric Li.The business magnate

The Chinese car and battery maker that is the world's biggest electric vehicle producer, and which is backed by Warren Buffett's Berkshire Hathaway, said on Sunday that sales of new energy vehicles in June rose to 134,036 from 41,036 a year earlier.

BYD's sales of electric vehicles (EVs) soared in June, thanks to the backing of Warren Buffett.

LightTech, which is based in the United States, announced that it has reached an agreement to purchase China's newest billionaire, Luster.

Soho China's CFO is being investigated for insider trading following the release of his financial records.

R. Flannery, the author of