The installed capacity skyrocketed by 320% in the first quarter! In the era of Ningde, Zeng Yuqun once became the richest man in Hong Kong.

After the financial report handed over a beautiful report card, Ningde era once again expanded the global market share of batteries in the first quarter. At the same time, the outside world has paid unprecedented attention to the current value of its founder and chairman, Zeng Yuqun.

According to the latest data released by South Korean industry research firm SNE Research, the global battery energy consumption of electric vehicles increased by 127% in the first quarter of 2021 compared with the same period last year, with the sharp increase in the first quarter of Ningde era as the main driving force.

The data show that the installed capacity of batteries in Ningde era grew 320.8 per cent to 15.1 per cent year on year in that quarter, while the market share of its biggest competitors LG Chemical and Panasonic fell to 20.5 per cent and 16.7 per cent respectively, while the market share of GWh, expanded again to 31.5 per cent from 25 per cent in 2020, while Panasonic's market share fell nearly 10 percentage points in a year.

Ningde Times first quarter financial report shows that the net profit of returning home is 1.954 billion yuan, an increase of 163.38% compared with the same period last year. According to the financial report of 2020, the net profit of returning home increased by 22.43%, and operating income increased by 9.9%. During the reporting period, lithium-ion battery sales increased by 14.36%, of which the sales of power battery systems increased by 10.43% over the same period last year.

According to the global power battery usage of SNE Research in 2020, Ningde era has a market share of 25%, ranking first in the industry for three consecutive years. It is also worth mentioning that Ningde times shares soared 230% last year, with the latest market capitalization reaching 904.2 billion yuan.

Zeng Yuqun was once the richest man in Hong Kong in the era of Ningde, at the right time for the global offensive.

At the same time, as the current global power battery leader, carbon-neutral tuyere, the outside world is paying more and more attention to the Ningde era. Recently, the personal assets of founder and chairman Zeng Yuqun and senior executives have become the focus of some media discussions.

Zeng Yuqun, who is 52 years old, is currently ranked 52nd, worth $28.4 billion, more than triple the $9.7 billion in March last year, according to statistics on the Forbes Global Rich list as of the 4th. It is reported that Zeng Yuqun owns nearly 25 per cent of Ningde era through the Ruiting era and is worth about $34.26 billion by market capitalization.

It should be pointed out that according to the data as of the 3rd, Zeng Yuqun once rose to 42nd, worth US $34.5 billion, and as a Hong Kong resident in China, his personal wealth not only exceeded Li Shaoji's US $32.1 billion, but also surpassed Li Ka-shing's US $34.4 billion, making him the richest man in Hong Kong at one time.

In addition, the Ningde era now has more billionaires than American tech giants such as Google and Facebook. Based on their respective Ningde Times shares, nine executives and early investors have a wealth of more than $1 billion, totaling nearly $72 billion.

According to statistics, in addition to chairman Zeng Yuqun, co-vice chairmen Huang Shilin and Li Ping have net worth of US $14.7 billion and US $6.6 billion respectively. Pei Zhenhua, an early investor, has a net worth of $8.5 billion.

The other five are: Zhao Fenggang ((US $2.4 billion), Wu Kai (US $2.3 billion), Wu Yingming ((US $1.9 billion), Chen Qiongxiang ((US $1.8 billion) and Chen Yuantai ((US $1.3 billion). With the exception of Chen Qiongxiang, who was an early investor, the other four held senior positions in the Ningde era.

As China begins to open up its market, encourage more competition and eliminate some subsidies, the Ningde era is increasingly looking for growth, Forbes reported. The company became a supplier to Tesla's Shanghai Super Factory in early 2020 and plans to open its first overseas factory in Germany later this year.

Alla Kolesnikova, head of data and analysis at Adamas Intelligence, said: "while Ningde's dominance in China has often received a lot of attention, little is known about the fact that Ningde had almost no business in Europe as of January 2020, but by the end of 2020 it had become the fourth largest battery supplier in the region."

She also said the Ningde era would begin to become a global brand in 2021 through a growing number of supply agreements with foreign carmakers and rising global sales of Chinese-made electric vehicles with Ningde batteries.