Huang Shilin was born in 1967. He is a prominent Chinese businessman and the vice chairman of Contemporary Amperex Technology (CATL). With a 12% stake in the company, Huang has become one of the world’s wealthiest individuals, amassing a net worth of $20.3 billion as of 2022. CATL is renowned as the largest supplier of electric vehicle (EV) batteries globally, catering to major automotive manufacturers such as Daimler, Toyota, BMW, and Volvo. Let’s delve deeper into Huang Shilin’s background, his role in CATL, and the company’s impressive growth.
Personal Stats
- Age: 56
- Source of Wealth: Batteries, Self Made
- Residence: Ningde, China
- Citizenship: China
- Education: Bachelor of Technology, Hefei University of Technology
Background And Education
Huang Shilin graduated from Hefei University of Technology, as stated in CATL’s prospectus for its initial public offering in 2018. After completing his education, he began his career as the research and development director at an energy company in southern China. From 2004 to 2009, Huang served in this role before eventually becoming the vice president of the company. In 2012, he joined CATL and has since held various positions, including general manager, director, and vice-chairman.
CATL: The Rise of the World’s Largest EV Battery Supplier
Contemporary Amperex Technology Co., commonly known as CATL, was founded in Ningde, China, in 2011. The company quickly gained prominence in the EV industry, primarily due to its cutting-edge battery technologies and innovative solutions. CATL’s revenue soared to an impressive 329 billion yuan ($48.9 billion) in 2022, solidifying its position as the largest supplier of EV batteries globally.
Notable Clients And Partnerships
CATL’s success can be attributed, in part, to its partnerships with renowned automotive manufacturers. Daimler, Toyota, BMW, and Volvo are among the notable clients that rely on CATL’s high-quality battery products. These partnerships have played a crucial role in driving the widespread adoption of electric vehicles and accelerating the transition towards sustainable transportation.
Huang Shilin’s Stake In CATL
Huang Shilin’s wealth primarily stems from his significant stake in CATL. As of 2018, he owned a 12% share of the company, which has undoubtedly contributed to his billionaire status. Huang’s ownership includes direct shares as well as holdings through asset management plans, as stated in CATL’s 2023 semi-annual report. The value of his cash investments is determined based on factors such as dividends, insider transactions, taxes, and market performance.
CATL’s Public Listing And Market Performance
CATL made its debut on the Shenzhen Stock Exchange on June 11, 2018, marking a significant milestone in the company’s journey. The public listing provided CATL with increased visibility, access to capital, and further opportunities for growth. Since then, CATL’s market performance has been closely monitored, with fluctuations in its stock price impacting Huang Shilin’s net worth. As of September 19, 2023, the stock had experienced a YTD change of -$1.06B (-6.9%), highlighting the dynamic nature of the market.
Huang Shilin’s Net Worth
Huang Shilin, the vice chairman of Contemporary Amperex Technology (CATL), one of China’s leading electric vehicle battery suppliers, has an estimated net worth of $14 billion as of September 2023, according to Forbes.
