Top 10 families on new energy rich list in China
- By Xu Lin
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E-mail China.org.cn, August 2, 2011
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Lu Guanqiu & family 魯冠球家族
Company: Wanxiang Qianchao Co. Ltd. and other companies 萬向錢潮股份有限公司等
Shares: 41.2% in Wanxiang Qianchao Co. Ltd.
Wealth: 7.9 billion yuan (US$1.23 billion)
Founded in 1969, Wanxiang Qianchao Co. Ltd. is a professional company running automotive parts owned by Wanxiang Group. It is the largest independent supplier of automotive part systems in China With the advantage of independent development, and advanced testing and manufacturing facilities. It has in total a technology center, five main companies and over 30 professional auto parts systems suppliers. The company was listed on the Shenzhen Stock Exchange at the end of 1993.
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