D eng Weiming is a Chinese billionaire and the chairman of CNGR Advanced Material, a leading global producer of a critical component for electric vehicle (EV) batteries. A former civil servant, Deng founded the company and has built it into a powerhouse in the green energy supply chain. His wealth has surged along with the explosive growth of the global EV market.

CNGR specializes in manufacturing ternary precursors, which are the highly engineered chemical compounds that form the basis of the cathodes in high-performance lithium-ion batteries. The company is a key supplier to major global battery manufacturers, including Samsung and LG Chem. Deng's success is a story of a self-made industrialist who identified a highly strategic, high-tech niche and became a world leader in it, making his company an indispensable part of the global transition to electric mobility.