Early Life
Wang Yanqing's early life was marked by a strong work ethic. He grew up in a farming family in Wuxi, China. According to an interview with Shanghai Securities News, he reflected on his early years and stated that when he got married, he couldn't afford a proper wedding ring. He attended Changzhou Radio Engineenrig School.
Rise to Success
Wang Yanqing founded Wuxi Lead Capacitor Equipment Factory in 1999, which later became Wuxi Lead in 2002. The company began manufacturing winding equipment for capacitors. The turning point for Wuxi Lead came in 2012, when the company shifted to producing equipment for lithium-ion batteries. LEAD has grown into a diversified leader in the new energy equipment sector, covering lithium batteries, photovoltaics, hydrogen energy, and intelligent logistics. In 2015, Wuxi Lead launched an IPO on the Shenzhen Stock Exchange. The company has expanded globally, and now has 19 subsidiaries and sells its products in over 20 countries. The Shenzhen-listed company filed for a Hong Kong IPO in August 2025.
Key Business Strategies
Wang Yanqing has focused on technological innovation. He has established an independent innovation system and holds 43 patents for inventions. LEAD provides comprehensive value chain solutions spanning cell manufacturing, module and pack assembly, charge–discharge testing, and full containerized storage system integration. The company emphasizes the importance of innovation and high-quality development. Wang stresses the rejection of “ineffective internal competition,” believing that true competitiveness comes from within.
Philanthropy
Information regarding specific philanthropy amounts is unavailable in the search results, however, Wang Yanqing and LEAD Group prioritize sustainability. LEAD has committed to the “2030 carbon peak, 2035 carbon neutrality” goals.