Core Viewpoint - The article discusses the disparity in executive compensation across different types of automotive companies in China, highlighting the contrast between new energy vehicle manufacturers and traditional automakers, as well as state-owned enterprises. Group 1: Executive Compensation Trends - In 2024, the average household savings in China reached approximately 10.7 million yuan per person, marking a significant milestone in personal savings [1] - High-profile executive salaries have sparked public debate, with examples such as Li Xiang's reported salary of 639 million yuan, which was later clarified to be primarily stock option expenses [3][4] - The compensation structure in the automotive industry often features a "low base salary + high equity incentives" model, particularly among new energy vehicle companies [4][5] Group 2: New Energy Vehicle Companies - Li Xiang's actual salary at Li Auto was reported as 2.66 million yuan, while the accounting for stock options amounted to 639 million yuan, contingent on achieving specific sales and stock price targets [4][5] - Zhu Jiangming, CEO of Leap Motor, stated his salary was only 80,000 yuan, contradicting reports of 8.12 million yuan, emphasizing the reliance on equity incentives [5][6] - Xiaopeng Motors' CEO He Xiaopeng received a salary of 1.68 million yuan, with significant stock options tied to performance metrics [6] Group 3: Traditional Automakers - Traditional private automakers like Geely and BYD often have founders with low salaries but substantial equity holdings, while professional managers receive higher salaries linked to performance [7][8] - Geely's founder Li Shufu earned only 376,000 yuan, while the CEO and other executives had significantly higher salaries [7] - BYD's Wang Chuanfu earned 7.66 million yuan, ranking lower than other executives, with income primarily from stock appreciation and dividends [8] Group 4: State-Owned Enterprises - State-owned enterprises typically have lower executive salaries, with most in the range of 1 to 3 million yuan, reflecting strict government regulations [9][10] - The "salary cap" policy limits executive pay in state-owned enterprises, with recent reforms further tightening compensation structures [10] - For example, the chairman of China FAW Group earned 930,200 yuan, significantly lower than private sector counterparts [9][10]
李想年薪6.39亿元冲上热搜,中国车企高管薪酬差异大
Xin Lang Cai Jing·2025-05-14 02:11