By 202 1,1,1 1, his total market value in Contemporary Amperex Technology Co., Ltd. reached 1.53 trillion yuan, and Zeng Yuquan's personal assets reached 320 billion yuan, ranking third in China's rich list, surpassing China.
We have witnessed the rapid rise of many Internet giants such as Tencent and Ali, and the Internet is the logic of the strong. Moreover, most domestic Internet companies only face the domestic market and only need to compete with domestic companies.
But the manufacturing industry is very different, not only there is no "platform" bonus; Moreover, the face will be the killing of global capital and technology.
The same investment of10 billion may dominate a small and medium-sized field in the internet circle, but it may not be able to "listen" to the manufacturing industry.
Ren Zheng Fei spent 30 years building Huawei into the overlord in the field of information and communication technology. It took Zeng Yuqun only ten years to build the industrial empire of contemporary Amperex Technology Co, Limited in the field of new energy, which is simply a manufacturing myth.
So, what led contemporary Ampere Technology Co., Ltd. to open its own era?
1999, Zeng yuqun founded a company ALT, which is called new energy technology in Chinese. At the beginning of the establishment of ATL, it was very difficult, lacking funds and fierce competition in the industry. In such a dilemma, small companies can only rely on technological breakthroughs if they want to break through.
Zeng Yuqun saw the future of battery technology from Sony battery at that time. He thought lithium polymer was small and light, so he made his first big bet. He flew to Bell Laboratories with all his 7 million net worth and got a patent license from li-polymer. However, after we returned to China, she found that this kind of battery was particularly easy to bulge, and it didn't take long for it to be scrapped. He doesn't want to fly back to America, but people don't know him at all. I saw more than 7 million points hitting the water. He must be unwilling. What should we do? So he plunged into the laboratory and prepared dozens of electrolyte formulas in two weeks, which really solved the problem of lithium battery bulging that even Belle Lab could not overcome. At this point, ATL became famous in one fell swoop. Apple even came to ask for Zeng Yumin's battery. With Apple's endorsement, ATL has also become a leader in the industry, and it is cramped when taking orders.
However, their counterparts in China have strong imitation ability. Soon they copied the same battery and gave a lower price, which was definitely not a good thing for Zeng Yuqun. At this time, ATL's major shareholder suddenly withdrew from the company, which led to the break of ATL's capital chain and ATL's unprecedented crisis. In desperation, Zeng Yumin can only sell his company to Japan TDK Group for $654.38 billion, although the crisis has been lifted.
A few years later, it finally ushered in a new turning point:
China's new energy automobile industry officially kicked off, the Olympic Games was held, the state subsidized, and the new energy automobile officially entered the world stage. Both hybrid energy vehicles and pure electric vehicles use a lot of batteries. It can be said that the battery is the main core of new energy vehicles!
Zeng Yuqun saw this huge business opportunity and decided to set up a new company again. The name of the new company is named after his hometown Ningde, and the era of Ningde begins from this moment. The new company focuses on the research, development, production and sales of power battery systems and energy storage systems for new energy vehicles. They didn't wait long. Four years later, the new energy vehicle market was completely blown out.
Standing on the tuyere, pigs can fly, not to mention Zeng Yumin, the former king of mobile phone battery industry, and Contemporary Amp Technology Co., Ltd., which snapped up customers such as BMW, Mercedes-Benz, BAIC, Great Wall, Geely and Hyundai, became the largest battery supplier in the world on 20 17. Later, even cutting-edge automobile brands such as Tesla and Weilai Automobile could only buy batteries from Ningde.
Surrounded by many manufacturers, the market share of contemporary Ampere Technology Co., Ltd. in China has increased from 26% in 20 18 to 46% in 2020, occupying almost half of the country, far ahead of BYD, and becoming an industry unicorn!