C hen Xuehua is a Chinese mining and metals magnate and the founder and chairman of Zhejiang Huayou Cobalt, one of the world's largest producers of cobalt. Cobalt is a critical metal used in the production of lithium-ion batteries, which power everything from smartphones to electric vehicles. His company has become an indispensable part of the global green energy supply chain.
Chen built his company into a dominant force by securing access to cobalt resources, primarily in the Democratic Republic of Congo (DRC), which holds the majority of the world's cobalt reserves. Huayou Cobalt is involved in the entire cobalt value chain, from mining and refining the raw material to producing the specialized cobalt chemicals needed by battery manufacturers. As the world has rapidly shifted towards electric mobility, the demand for cobalt has soared, making Chen's company strategically vital and turning him into a major commodities billionaire.
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Chen Xuehua is a Chinese businessman, the Chairman of Huayou Cobalt (SSE: 603799), a global leader in cobalt and nickel products crucial for the manufacturing of electric vehicle (EV) batteries. His wealth is rooted in the early and aggressive commitment to the new energy vehicle (NEV) supply chain and the processing of essential battery materials.
Chen's career is defined by his commitment to industrial precision and technological innovation in non-ferrous metals and specialized chemical processing. Recognizing the immense, long-term structural demand for high-quality cobalt and nickel in the global shift to electric mobility, he positioned Huayou Cobalt as a vertically integrated pioneer in the battery supply chain.
Chen Xuehua founded Huayou Cobalt in 2002. His strategic vision was audacious: control the cobalt supply chain from mining and refining to the production of high-end, specialized battery precursor materials (ternary materials). This vertical integration was crucial for securing the company's dominance in the rapidly growing EV battery market.
Under his leadership, Huayou Cobalt scaled rapidly, becoming a key global supplier to major battery manufacturers like CATL and international automakers. The company executed its successful IPO on the Shanghai Stock Exchange and made massive investments in processing facilities in Indonesia, which holds major nickel reserves. Chen's leadership has been recognized with two national science and technology awards for the development of new equipment and low-carbon treatment technology for lithium solid waste, cementing his multi-billion dollar fortune and his legacy as a technical pioneer in the clean energy material sector.
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Founds Huayou Cobalt (Founding).
Guides the company's aggressive vertical integration to dominate the cobalt supply chain (Strategic Growth).
Huayou executes its successful IPO on the Shanghai Stock Exchange (Financial Milestone).
Wins two national science and technology awards for green refining and lithium waste treatment (Innovation Milestone).
Continues as Chairman, leading the company's expansion into Indonesia (Executive Leadership).
Chen Xuehua's wealth is concentrated in his founding equity and continued executive leadership of the publicly listed materials giant, Huayou Cobalt (SSE: 603799).
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Chen Xuehua's social impact is massive and environmental, stemming from Huayou Cobalt's role in accelerating the global transition to electric mobility. His company supplies the foundational materials (cobalt, nickel) for the EV revolution. His commitment to green refining and low-carbon treatment technology for lithium solid waste is a significant structural contribution to environmental sustainability in the mining sector.
His personal philanthropy often supports scientific and technical education, reflecting his background as a pioneer in materials science.
Chen Xuehua maintains the professional, pragmatic style of a Chinese industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of serious authority and stability, befitting a multi-billion dollar executive commanding a massive materials manufacturing base dedicated to the EV industry.
Residing in Tongxiang, China, his luxury is the immense security and financial reward derived from his dominance in a crucial, high-tech industrial sector. His life is defined by his commitment to industrial scale, efficiency, and the continuous innovation of battery technology.
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“Technological Innovation is Top Priority. We have a positive outlook for ternary materials and the future of electric mobility.”
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+13.54% | +$1.05B
+0.09% | +$1.22M
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