Portrait of China's Warren Buffett, the electric car billionaire who beat Tesla

Lu Xiangyang was born in 1962 into an extremely ordinary farming family in Anhui, Guangzhou, China. However, his adventurous spirit, hard work and talent helped him reach the pinnacle of business.

Currently, Lu Xiangyang is the Chairman of Rongjie Investment Holding Group - China's leading electric vehicle manufacturer, and co-founder of Build Your Dreams (BYD) - a company that produces batteries and electric cars.

With extraordinary talent and intelligence, no matter what position or job he holds, Lu Xiangyang has achieved remarkable results.

Lu Xiangyang worked at the Anhui Branch of the People's Bank of China, becoming the youngest department head and promoted to branch manager of the bank before the age of 30.

Lu Xiangyang is a successful businessman, admired by the Chinese people.

However, not satisfied with the reality, he resigned from the bank, went to Guangdong and started his business adventure. At that time, this was a very risky decision. However, Lu Xiangyang decided to seize the opportunity thanks to his insight into the market and strong entrepreneurial spirit.

In Guangdong, Lu Xiangyang is engaged in trading, financial investment and other related activities.

In 1995, he founded Rongjie Investment Holding Group and co-founded Build Your Dreams (BYD) with Wang Chuanfu.

BYD's success was a major breakthrough in Lu Xiangyang's business career. In 2002, BYD was successfully listed, setting a record for the highest issuance price at that time, and its market value increased by 70% in just two months.

In June 2011, BYD was listed on the Shenzhen Stock Exchange and now BYD's market value has exceeded 700 billion yuan (over 97 billion USD).

In the list of “Top 500 Chinese Enterprises in 2023”, BYD ranked first with revenue of 424 billion yuan. Rongjie Investment Holding Group became a large group integrating industrial activities, technology development and financial investment. At one point, Rongjie Investment Holding Group even surpassed Tesla in electric vehicle sales.

Lu Xiangyang is the embodiment of success, dubbed the “Warren Buffett of China”.

So far, the market value of companies invested by Rongjie has exceeded 900 billion yuan, the asset scale exceeds 300 billion yuan, and the revenue exceeds 350 billion yuan.

Lu Xiangyang's achievements have been recognized by the business community, earning him the title of "China's Warren Buffett." He is listed on the "Hurun Global Rich List" with a fortune of 140 billion yuan, ranking 14th in China and first in Guangzhou.

Lu Xiangyang's investment vision and leadership ability provide a solid guarantee for BYD's development. His successful experience shows that entrepreneurs need to have keen investment vision and decisive decision-making ability, as well as innovative thinking and team spirit.

At the same time, he also embodies the spirit of innovation and daring of Chinese entrepreneurs since the reform and opening up period. His story is not only the history of one person's success but also a microcosm of an era.

(According to Forbes)

A lowly employee became one of China's richest self-made billionaires . With constant efforts, an employee from an ordinary background led the company to reach the world , broke the European and American monopoly, and became one of China's richest self-made billionaires.

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