Lu Guanqiu

Date of Birth: 1945

Zodiac Sign: Unknown

Date of Death: October 25, 2017

Biography

Lu Guanqiu was a renowned Chinese businessman and the founder of Wanxiang Group, one of China’s largest automotive components manufacturers. Born in 1945 in Hangzhou, Zhejiang Province, China, Lu started his entrepreneurial journey from humble beginnings. He established Wanxiang in 1969, initially as a small agricultural machinery repair shop. Over the years, Lu transformed the company into a global conglomerate with interests spanning automotive parts, real estate, finance, and more. Under his visionary leadership, Wanxiang became known for its innovation and high-quality products, making significant inroads into international markets, including the United States. Lu’s business acumen and relentless drive earned him a reputation as one of China’s most influential entrepreneurs. He passed away on October 25, 2017, leaving behind a legacy of industrial prowess and philanthropy.

5 Interesting Facts about Lu Guanqiu

1. Lu Guanqiu started Wanxiang Group with just a few employees in a small workshop.

2. Wanxiang Group became the first Chinese company to supply automotive parts to General Motors in the United States.

3. Lu was a member of the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body.

4. Under his leadership, Wanxiang diversified into renewable energy, acquiring American electric car battery maker A123 Systems in 2013.

5. Lu was known for his philanthropic efforts, particularly in education and disaster relief.

5 Most Interesting Quotes from Lu Guanqiu

1. “Success is not a matter of luck; it is the result of hard work, perseverance, and learning from failure.”

2. “Innovation is the soul of an enterprise and the key to its long-term success.”

3. “A business must not only strive for profit but also take responsibility for society.”

4. “We must always be prepared to adapt and change, as the world around us is constantly evolving.”

5. “The foundation of a strong business is built on integrity, trust, and mutual respect.”

Highest Net Worth Achieved

At the peak of his career, Lu Guanqiu’s net worth was estimated to be around $6.3 billion.

Children

Lu Guanqiu had several children, including Lu Weiding, who succeeded him as the chairman of Wanxiang Group. Lu Weiding has been instrumental in continuing his father’s legacy and further expanding the company’s global footprint.