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LeaderPortfolio
Billionaire Profile
Xia Zuoquan
Global Rank
#962

Image: Public domain | via Wikimedia Commons

Xia Zuoquan

CEO, BYD Company
CN
Real-Time Net Worth
$4.2B
As of December 2025
Age
63
Source
Automobiles, batteries
Industry
automotive
Citizenship
CN

Biography

Xia Zuoquan is a prominent Chinese entrepreneur and investor, primarily known for his co-founding role at BYD Company, one of the world's leading electric vehicle (EV) manufacturers. Born in 1963, Xia's career began in the insurance sector before he joined BYD in 1997. His expertise spans automobiles and batteries, playing a crucial role in BYD's strategic planning and business development. He founded Zhengxuan Capital in 2003, an investment firm managing over $1.4 billion in assets, with BYD being one of its key investments. As of December 2024, Xia Zuoquan's net worth is estimated at $4.2 billion, reflecting his success in the automotive and battery industries. He is a non-executive director of BYD and has made significant contributions to the company's growth and innovation.

Wealth Over Time

In-Depth Profile

Early Life and Career

Xia Zuoquan was born in 1963 and began his career in the Hubei branch of the People's Insurance Company. In 1997, he joined BYD. He holds an EMBA from Guanghua School of Management of Peking University, completed in 2007, and also studied computer science as an undergraduate.

Rise to Success

Xia's career took a significant turn when he co-founded BYD in 1996. BYD, initially a battery manufacturer, has grown into a global leader in electric vehicles and renewable energy solutions. Xia's early investment in BYD proved highly successful. In 2003, he founded Zhengxuan Capital, an investment firm that now manages over $1.4 billion in assets, further solidifying his wealth and influence.

Key Business Strategies

A pivotal strategic move was Xia's early focus on electric vehicles and batteries, aligning with the growing global demand for sustainable energy solutions. His investment firm, Zhengxuan Capital, has also invested in various technology sectors, including gene sequencing, robotics, and AI, indicating a forward-thinking approach to investment.

Philanthropy

In 2021, Xia donated 10 million RMB to the BYD Charity Foundation for its daily operations, showcasing his commitment to philanthropy.

Career Milestones

1997

Joined BYD

Began his career at BYD, which would later become the world's largest electric vehicle maker.

2003

Founded Zhengxuan Capital

Established his own investment firm managing over $1.4 billion in assets.

2007

Graduated with EMBA

Completed EMBA from Guanghua School of Management, Peking University.

Philanthropy & Social Impact

Charitable Giving

Donation to BYD Charity Foundation

$1.4M

Donated 10 million RMB to the BYD Charity Foundation for its daily operations.