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17-616: Originally Shanghai Maple (SMA, Shanghai Maple Automobiles), the brand was established in 2000, producing Huapu (Maple) branded vehicles. It was founded by Li Shufu 's younger brother, Li Shutong. The vehicles are listed under the Langfeng (朗风) brand while being sold as Huapu (华普) products. Geely acquired a strategic holding in Shanghai Maple in 2002, and in 2008, Shanghai Maple was fully consolidated into Geely as their budget brand before phasing it out in 2010. The first Shanghai Maple vehicle

34-589: A commitment to build a Volvo factory in China, Li had a target of driving sales to 600,000 by 2015 in the domestic market. In 2013, Hurun Report ranked Li the 63rd richest person in mainland China , with a net worth of US$ 2.6 billion . Li announced in November 2018 that he had entered into an agreement with the China Aerospace Science and Industry Corp. to build a new line of supersonic bullet trains. The plan

51-449: A master's degree from Yanshan University . Li founded Geely in November 1986; it is now the second-largest private automobile manufacturer in China. On 28 March 2010, Geely signed a deal worth US$ 1.8 billion to buy Swedish automobile manufacturer Volvo Cars from American automobile manufacturer Ford Motor Company . It was the largest foreign purchase by a Chinese car manufacturer. Along with $ 900m of working capital from Geely and

68-520: A model name under the Livan brand. Kandi (50%) Kandi (22%) Lifan Technology (50%) Lifan Technology (50%) Li Shufu Eric Li Shufu ( simplified Chinese : 李书福 ; traditional Chinese : 李書福 ; pinyin : Lǐ Shūfú ; born 25 June 1963) is a Chinese billionaire entrepreneur. He is the founder and chairman of Geely . Li Shufu was born in Taizhou , Zhejiang . He has

85-666: A new joint venture between Lifan and Maple called Livan (Ruilan, 睿蓝). Geely announced the launch of the Maple Leaf 60S, Geely's first battery swap car under the Livan brand, produced in association with Lifan and based on the Geely Emgrand GL. In 2022, after the Lifan Group was acquired by Geely Holding Group , Geely reconsolidated and merged the Maple brand into the Livan brand, ending Maple's existence as an independent brand and making it

102-521: Is for the trains to run using newly developed technology. Li said, "Core technology can't be bought. The more you use others' technology, the more reliant you become. We have to innovate on our own. The journey will be tough but the prospects are promising." In 2018, according to the Financial Times , Li became Daimler 's largest shareholder, with a 9.7% stake in the German automaker. In March 2020, Li

119-468: Is married to Wang Li, ( 王丽 ) and the family resides in Hangzhou , Zhejiang. Hurun Report Rupert Hoogewerf (born 1970), also known by his Chinese name Hu Run ( Chinese : 胡 润 ; pinyin : Hú Rùn ), is a British businessman, currently the chairman and chief researcher of Hurun Inc , best known for the "Hurun Rich List", a ranking of the wealthiest individuals. Hoogewerf

136-992: The Chinese People's Political Consultative Conference (CPPCC). Li served as an independent non-party affiliated delegate to the 13th National People's Congress , as one of the 94 delegates from Zhejiang. Li has criticized the automotive industry joint venture system in China as producing large profits for foreign original equipment manufacturers (OEMs) and Tier 1 suppliers at the expense of innovation, quality, and technology advancement by Chinese automotive OEMs. According to Li, this has led to complacency by domestic automotive OEMs by relying on profits from foreign partners through joint ventures instead of driving their own organisations to hire talent and improve, knowing they would control half of joint ventures run with profitable overseas manufacturers that generate healthy sales. He has previously argued for state-owned automotive manufacturers to partner with privately run companies. Li

153-587: The Chinese mainland. The joint venture agreement was signed on 22 March 2013. As of 2020, the Maple brand was revived as a result of the partnership between Geely and Kandi Technologies. Geely holds 78 percent of Fengsheng Automotive Technology Group while the remaining 22 percent is owned by Zhejiang Kandi Vehicle or Kandi Technologies. The new brand was said to focus on research, development, and sales of electric vehicles and vehicle parts, vehicle leasing services, and relevant after-sales services. The revived Maple brand

170-665: The Hurun Highschools List, ranking the world's best independent high schools, the Hurun Philanthropy List, ranking the biggest philanthropists, the Hurun Art List, ranking the world's most successful artists alive today. His contribution to the promotion of transparent and responsible wealth creation has seen him gain a great deal of recognition. Hoogewerf in November 2018 was made a professor of Practice for Durham University Business School , in recognition of

187-589: The Hurun Rich List series, telling the stories of the economies of China, India and the world through the stories of their most successful entrepreneurs, Hurun other key series is the Hurun Start-up series, a ranking of the world's most successful startups and their founders. The Hurun Start-up series begins with the Hurun Under30s, Under35s and Under40s awards recognizing the most successful founders under

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204-459: The Shanghai Maple marque, replacing it with the Englon budget brand. In February 2013, Shanghai Maple and Kandi Technologies announced that they had agreed to establish a 50:50 joint venture, Zhejiang Kandi Electric Vehicles Investment, with an initial registered capital of 1 billion yuan (US$ 160 million), focused on the research and development, production, marketing, and sale of electric vehicles in

221-482: The ages of 30, 35 and 40. Next up are Hurun Cheetahs, most likely to go unicorn with five years and Hurun Gazelles, most likely to go unicorn within three years. The culmination of the start-up series is the Hurun Global Unicorn Index, start-ups from the 2000s, not yet listed and worth US$ 1 billion. Hoogewerf launched Hurun India in 2012, with Anas Rahman Junaid as CEO. Other lists include

238-645: Was born in 1970 in Luxembourg , son of Francis and Angela Hoogewerf. He graduated from Durham University ( St Cuthbert's Society ) in 1993. Before that, he was at Eton College and St Ronan's School . After university, Hoogewerf, as a qualified chartered accountant, worked for seven years at Arthur Andersen in London and Shanghai. Hoogewerf launched the Hurun Report in 1999 in London, promoting entrepreneurship through its lists and research. Best-known today for

255-469: Was in talks to merge Volvo with Geely in a move to create a global automaker. Both Volvo and Geely were owned by Li's investment fund Zhejiang Geely Holding Group, but operated as separate entities. In September 2022, Shufu's group acquired a 7.6% stake in Aston Martin . In May 2023 Geely increased its stake to 17%, becoming the third-largest shareholder. Li is a member of the 14th National Committee of

272-512: Was produced in the summer of 2003, based on the 1990s-era Citroën ZX . The Maple Marindo , a revised version still on Citroën basis, was displayed at the 2005 Frankfurt Motor Show . The export of Shanghai Maple vehicles to Egypt began in 2007, where they were marketed as the C51 (saloon) and C52 (saloon with Audi style grille). A sportier R80 hatchback and R81 saloon were exported to markets including Russia and Chile. In 2010, Geely partially phased out

289-609: Was to make a series of affordable electric cars based on existing Geely petrol cars. The first Maple product was the Maple 30X , based on the Geely Vision X3. An SUV and two hatchbacks were planned for launch in 2021; the manufacturer also announced it was working on several electric vehicles. In March 2021, Kandi Technologies exited its stake in Maple, transferring its 22 percent equity interest in Fengsheng to Geely. In 2022, Geely launched

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