BillionaireNet
Zuoquan
X
Rank #966
CHINAAutomotiveAutomobiles, batteries

Xia Zuoquan

Net Worth
$4.178B
-1.39% (24h)
Xia Zuoquan, a prominent figure in the automotive and technology sectors, is a Chinese billionaire known for his significant contributions to the industry. His primary source of wealth stems from his investments in Automobiles, batteries, and the founding of Zhengxuan Capital. Xia is a non-executive director of BYD, one of the world's largest EV makers. His career includes founding Zhengxuan Capital in 2003, which manages over $1.4 billion in assets, and previous work in the People's Insurance Company. Xia's estimated net worth is $4.2 billion.

The Full Dossier

Early Life

Xia Zuoquan was born in 1963. He studied computer science as an undergraduate and graduated from Guanghua School of Management of Peking University with an EMBA in 2007.

Rise to Success

Xia Zuoquan's career began at the Hubei branch of the People's Insurance Company before transitioning to the technology and investment sectors. He co-founded BYD in 1996, a company that has become a global leader in electric vehicles and batteries. In 2003, Xia founded Zhengxuan Capital, an investment firm managing over $1.4 billion in assets, with BYD as one of its investments.

Key Business Strategies

Xia Zuoquan's business strategy has focused on the burgeoning electric vehicle and battery markets. His investment firm, Zhengxuan Capital, has invested in more than 30 companies in sectors like gene sequencing, robotics, smart hardware, chip design, and supply chain finance. He is also a non-executive director of BYD, the world's largest EV maker.

Philanthropy

In 2021, Xia Zuoquan donated 10 million RMB to the BYD Charity Foundation for its daily operations.

Career Timeline

2021

Donated to BYD Charity Foundation

Donated 10 million RMB to the BYD Charity Foundation for its daily operations.

2003

Founded Zhengxuan Capital

Founded investment firm Zhengxuan Capital, managing over $1.4 billion in assets.

1996

Co-founded BYD

Co-founded BYD, which makes cars as well as batteries for electric vehicles.

1997

Joined a group

Joined a group, after working in the Hubei branch of the People's Insurance Company.

Philanthropic Impact

Education$1.4M

BYD Charity Foundation

Donated 10 million RMB to the BYD Charity Foundation for its daily operations in 2021.

Wealth Trajectory