Zuo Zongshen & family have a net worth of $1 billion. Zuo Zongshen is the founder and chairman of Zongshen Industrial Group which manufactures motorcycles. The group employs 20,000 people working for them with headquarters at Chongqing city.
The billionaire started the company then known as Zongshen Industrial in 1982 as a motorcycle repair shop and he was called Master Zuo.
Zongshen Industrial Group operates businesses of manufacturing motorcycles, generators, quadbikes and engines. The group claim to produce 1 million motorcycles every year. They produce Zongshen 250 GS and Zongshen 200 GS.
Zuo Zongshen grew up in poverty and founded his company in 1992. The company products are exported to many countries especially in the UK, Colombia, Argentina, Russia, Spain, Italy, Portugal, Belarus and Brazil.
The group is made up of 52 companies some of which are wholly or partially owned. The company entered into partnerships with Piaggio and Harley Davidson.
The Group owns Zongshen PEM in Canada which sells electric scooters, motorcycles and e-bikes in the North American market.
The Group produces 17 models of motorcycles.
Racing
Zongshen participates in motorcycle racing especially China Zongshen Racing. It also competes in Chine Superbike championship.
Zongshen also produces small engines which are used on garden machines, generators and motorcycles.
Subsidiaries
Chongqing Zongshen Automobile Company – Research and Development, production, sales of fuel motorcycles, electric motorcycles and spare parts.
Chongqing Loncin Motor Company
The company produces and sales 1.4 million motorcycles annually.
Zonsen Piaggio Foshan Motorcycle Company – produces high-tech motorcycles
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