Early Life and Foundation
Zhang Xinghai was born in August 1963, in Chongqing, China. His entrepreneurial journey began in 1986 at the age of 23. He started a factory in Fenghuang Town, Chongqing, manufacturing springs for domestic appliances and car seats. Initially named Baxian Fenghuang Spring Factory, it was later renamed Chongqing Fenghuang Spring Factory.
Rise to Success
After about ten years, the factory grew significantly, leading Zhang Xinghai to diversify. In late December 1995, he renamed the company to Chongqing Yuan Shock Absorber Co., Ltd., focusing on shock absorbers for bicycles, motorcycles, and light cars, capitalizing on Chongqing's status as a major motorcycle production hub. By 2003, he formed the Chongqing Yuan Innovation Technology (Group). Eventually, the company moved into vehicle production in 2002, with the founding of XGJAO Motorbyke, producing motorcycles.
Key Business Strategies
In 2007, Zhang Xinghai founded Seres Group, initially as an auto parts business. Sokon went public on the Shanghai Stock Exchange in June 2016, significantly boosting Zhang's wealth. The company has since expanded into the production of intelligent electric vehicles, energy-saving engines, and compact MPVs. In 2019, Sokon Group became the 100% owner of DFSK through an equity swap with Dongfeng, solidifying its position in the market.
Philanthropy
No specific philanthropy amounts could be found.
