BillionaireNet
family
Zhang Xinghai & family
Rank #1283
CHINAManufacturingMachinery

Zhang Xinghai & family

Net Worth
$3.149B
-1.4% (24h)
Zhang Xinghai, the founder of Seres Group, is a prominent figure in China's manufacturing sector. He started his career in the auto parts business in 2007, later expanding into passenger and commercial vehicles. His entrepreneurial journey led to the establishment of Seres Group, which went public in 2016, propelling Zhang into the ranks of billionaires. Zhang Xinghai, currently 62 years old, has a current net worth of $3.3 billion, primarily sourced from his ventures in the machinery industry. His career has been marked by key achievements, including the strategic partnership with Huawei, which boosted Seres's success in the new energy vehicle market. His leadership continues to influence China's automotive landscape.

The Full Dossier

Early Life and Education

Born in August 1963, Zhang Xinghai holds Chinese citizenship and a master's degree. Information regarding his early life and education details are not readily available.

Rise to Success

Zhang Xinghai entered the motor vehicle industry in 2001. He founded an auto parts business in 2007, which later evolved into Seres Group. The company went public on the Shanghai Stock Exchange in June 2016, which significantly increased Zhang's wealth. Zhang's son, Zhang Zhengping, succeeded him as chairman in 2020.

Key Business Strategies

A key strategy for Zhang was investing in the new energy vehicle field as early as 2016. This foresight led to a strategic partnership with Huawei, which significantly boosted Seres's performance. The partnership has resulted in successful vehicle models and has led to Seres becoming one of the most profitable new energy vehicle manufacturers globally.

Philanthropy

Details on Zhang Xinghai's specific philanthropic efforts are not readily available based on the search results.

Career Timeline

2020

Chairman Transition

Zhang Zhengping succeeded Zhang Xinghai as Chairman.

2016

Seres Group IPO

Sokon went public at the Shanghai Stock Exchange, increasing Zhang Xinghai's wealth.

2007

Founded Auto Parts Business

Founded the auto parts business that would become Seres Group.

Philanthropic Impact

Information Not AvailableUndisclosed

Information Not Available

Information on specific philanthropic initiatives is not available.

Wealth Trajectory