W ang Mingwang is a Chinese industrialist and the former chairman of the Huawo holding company, which controls the publicly traded auto parts manufacturer, Wuxi Best. He started his career as a factory worker and rose through the ranks of the state-owned industrial sector. In the 1990s, he took the lead in restructuring a struggling state-owned engine factory, which became the foundation of his business empire.

He has built Wuxi Best into a major domestic supplier of precision parts for the automotive, rail, and aerospace industries. The company specializes in producing components like turbocharger parts and engine blocks for major global and domestic manufacturers. He has since retired as chairman but remains a major shareholder in the company, which is now run by his son. His family's stake in the publicly traded company is the source of their billion-dollar fortune.