Li is the co-vice chairman of Contemporary Amperex Technology Co., the world's largest supplier of electric vehicle batteries. The Ningde, China-based company was founded in 2011 and reported revenue of 130 billion yuan ($20.2 billion) in 2021. CATL started trading publicly on the Shenzhen stock exchange in June 2018.
Li Ping's net worth of $7.33B can buy ...
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The majority of Li's fortune is derived from his 5% stake in Contemporary Amperex Technology Co., a battery products manufacturer. CATL is the largest supplier of electric vehicle batteries in the world, according to its website.
He owns the shares directly and through holding company Ruitai Hongyu, according to a May 10, 2022 company filing. About 14% of the shares are pledged, according to the filing, and removed from the net worth calculation.
The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.
Elaine Huang, a spokeswoman for the company, declined to comment on the billionaire's net worth.
Born in 1968, Li has a degree of Fudan University and a MBA from China Europe International Business School, according to CATL's prospectus.
He worked in electrical engineering companies before joining CATL. He began serving as co-vice chairman of the company in December 2015, according to the battery maker's 2019 annual report.
CATL started trading publicly on the Shenzhen stock exchange in June 2018. It has produced at least four billionaires.