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Cao Yuhua & family
Rank #3123
CNautomotiveauto parts

Cao Yuhua & family

Net Worth
$1B
% (24h)
Cao Yuhua, the 71-year-old chairman of Wuxi Best Precision Machinery, is a self-made billionaire in the auto parts industry. Before establishing the company in 1997, he gained experience at a machinery factory. Cao Yuhua's career has been marked by his leadership in the auto parts sector. The company's products are widely used in new energy vehicles, industrial machinery and humanoid robotics. Wuxi Best Precision Machinery generates over one-third of its revenue from international markets. Cao Yuhua's daughter, Cao Yi, serves as the vice chairman of the company.

The Full Dossier

Early Life

Born in Shanghai in 1954, Cao Yuhua's early life is not extensively detailed in readily available public sources. However, his later career indicates a strong interest in engineering and a dedication to the manufacturing sector.

Rise to Success

Cao Yuhua's career took root in the auto parts industry. Before founding Wuxi Best Precision Machinery in 1997, he worked in a machinery factory in Wuxi. This experience provided the foundation for his entrepreneurial venture. Under his leadership, Wuxi Best Precision Machinery has become a key player in the auto parts industry, with products used in new energy vehicles, industrial machinery, and humanoid robotics.

Key Business Strategies

One of Cao Yuhua's key business strategies has been to expand internationally. The company has successfully tapped into markets across Asia, Europe, and the Americas, with over a third of its revenue originating from overseas sales.

Philanthropy

There is no readily available information regarding Cao Yuhua's specific philanthropic activities. Further research may be needed to find information on this topic.

Career Timeline

1997

Founded Wuxi Best Precision Machinery

Established auto parts manufacturing company, which grew to be a significant player in the industry.

Wealth Trajectory