S hen Xiqiang is a Chinese entrepreneur who has built his fortune in the chemical manufacturing industry. He is the chairman of Ningbo Shanshan, a company that has become a world leader in the production of anode and cathode materials for lithium-ion batteries. He took control of the company and has been the main driver of its strategic direction and growth.

Ningbo Shanshan's success is directly linked to the global boom in electric vehicles and portable electronics. The company's advanced materials are critical components in the batteries that power these devices. Under Shen's leadership, the company has invested heavily in research and development to stay at the cutting edge of battery material technology. It has become a key supplier to major battery manufacturers around the world. Shen's ability to scale up production and maintain a technological lead in a highly competitive and fast-growing industry has been the foundation of his significant wealth, which is derived from his family's controlling stake in the publicly traded company.