Eric Li, also known as Li Shufu, is chairman of Geely Automobile Holdings, one of China's largest automakers and one of the few not controlled by the state.
Li has been expanding globally since 2010, when he acquired Swedish car brand Volvo.
Geely has also bought stakes in U.K. luxury sportscar makers Aston Martin and Lotus.
Li told Forbes Asia in 2014 he made his first cars from the sand as a boy. "We couldn't afford any toys. I couldn't imagine making a real car."
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“Argylle” was one of the biggest box office busts of the year, raking in less than $50 million on a reported $200 million budget, though more than 10 other major releases grossed even less.
Things appear to be getting better in the Chinese luxury electric vehicle market. Li Auto , which is the largest of the emerging EV players in China, delivered 47,774 vehicles for June 2024, an increase of 46.7% compared to last year.
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As technology infrastructure advances rapidly, AI will continue to evolve and brings much promise. Manufacturers should create an enterprise forum to maximize the value.
However, Li’s growth was considerably below rival Nio which shipped 20,544 vehicles for the month, up almost 234% from 6,155 vehicles in the same month last year.
Zeekr, an electric vehicle brand of Eric Li’s Geely Automobile Holdings, raised $441 million in an IPO, but the deal valued the company at only $5.5 billion.