William Li

William Li or Li Bin (Chinese: 李斌; pinyin: Lǐ Bīn; born August 9, 1974) is a Chinese business executive and entrepreneur. The founder and CEO of the electric car manufacturer NIO. In November 2020 Forbes estimated Li's net worth to be US$8.1 billion.[2] Li has co-founded and invested in over 40 companies in the internet and automotive industries.

This article is about the Chinese businessman. For the oceanographer, see William Li (oceanographer).
William Li
Born (1974-08-09) August 9, 1974
Anhui, China
NationalityChinese
OccupationBusinessman
Known forFounder of NIO
Net worth$8.80 Billion (February 2021)[1]
TitleChairman & CEO of NIO

Early life and education

Li was born in 1974 in Anhui on a dairy farm, he worked and attended school. From age 7 he and his family saved money so Li could attend university. Li attended Peking University where he received his bachelor's degree in computer science, sociology and a minor in law.[3]

Career

Bitauto Holdings Ltd.

Bitauto Holdings Ltd. was founded by Li in 2000. It was Li's first major company where he served as CEO and chairman. He sold the company in 2013.[4]

NIO
See also: NIO (car company)

In November 2014 Li founded NIO a luxury electric car manufacturer looking to break into the enormous Chinese automotive industry. After the companies launch numerous other companies invested most notable of which included: Tencent, Temasek, Baidu, Lenovo and TPG.[5] By 2016 NIO saw nearly one billion in investments by its partners and later that year they saw the debut of a two-door coupé the NIO EP9.[6] The development took nearly 18 months.[7][8]

In a 2019 interview with 60 Minutes Li announced NIO produced 10,000 units in 2017 and 14,000 in 2018. Li also said the company were hoping to deliver 20,000 or more units in 2019.[9][10][11]

In 2018 the company went public opening at the New York Stock Exchange with Li ringing the bell.[12][13]

Awards and honors
  • GQ China Entrepreneur of the Year - 2017
  • China Automobile Dealers Association Person of the Year - 2017[14]
  • 2017 Top 10 Economic Personages of China[15]

See also

References
  1. Bloomberg (2 February 2021). "Bloomberg Billionaire Index: Bin Li". Bloomberg LP.
  2. "William Li". Forbes. Retrieved 2020-11-27.
  3. "Tesla's success sparks China's electric cars race - Business - Chinadaily.com.cn". www.chinadaily.com.cn. Retrieved 2019-02-25.
  4. "Continental and NIO Sign Strategic Cooperation Agreement in the Field of Electric Vehicles". Continental Malaysia - Homepage. Retrieved 2019-02-25.
  5. "William Li is the founder and chairman of NIO". 蔚来资本官网. Retrieved 2019-02-25.
  6. Collins, Jim (2018-09-15). "Stop Calling Nio the Chinese Tesla: It Has a MUCH Brighter Future". RealMoney. Retrieved 2019-02-25.
  7. Michaels, Harrison Jacobs, Matthew. "The Elon Musk of China explains why its 'Tesla killer' won't fall into the same trap as troubled electric car startup Faraday Future". Business Insider. Retrieved 2019-02-25.
  8. [email protected]. "Who Is Li Bin?". thepassage.cc. Retrieved 2019-02-25.
  9. Michaels, Harrison Jacobs, Matthew. "The Elon Musk of China explains why its 'Tesla killer' won't fall into the same trap as troubled electric car startup Faraday Future". Business Insider. Retrieved 2019-02-25.
  10. "In China, an electric car lifestyle". www.cbsnews.com. Retrieved 2019-02-25.
  11. Murphy, Mike. "Nio CEO touts its electric cars as 'ticket to a new lifestyle'". MarketWatch. Retrieved 2019-02-25.
  12. "China's drive to dominate the electric car industry". www.cbsnews.com. Retrieved 2019-02-25.
  13. Aycock, Jason (2019-02-22). "Nio gets boost as '60 Minutes' promos positive piece". Seeking Alpha. Retrieved 2019-02-25.
  14. "The Race to Produce China's Tesla". www.bloomberg.com. Retrieved 2019-02-25.
  15. "Day 2 Sends Nio's Shares Flying 76% - capitalwatch.com - via @CapitalWatchCom". www.capitalwatch.com. Retrieved 2019-02-25.
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