LI XIANG

Known as China’s Elon Musk, Li Xiang is shaking up the car industry with his electric car start-up, Chehejia, which he founded in 2015. THE BIZ Li gathered US$120 million in the first round of funding, and construction of the factory is to begin this year, with an initial production goal of 200,000 vehicles a year. WHY SO HOT? The revolutionary cars won’t rely on charging points; they’ll have detachable batteries you can take home to recharge and they’ll be available for both rent and purchase.