Becoming Rich with Daily Scavenging APP-Chapter 474: Car Carrier Ship

Wu Changxun’s words were a blatant hint to Chen Yiyang.

If you want to reduce trouble, you have to pay protection fees.

Personal relationships are useless in these super large enterprises.

Subordinates also have performance requirements and need to put food on the table. It’s impossible for Wu Changxun to say a word and expect people below to disregard their achievements to handle things for him.

Only by feeding the advertising department will they be willing to help.

"Alright." Chen Yiyang really didn’t want to drag things out any longer.

"Have your advertising department coordinate with my team, and I’ll place an order. It’s just that my Yiyang Automobile needs some promotion recently to offset the scandals of the past period."

"Sure, no problem." Wu Changxun agreed with a smile. Chen Yiyang was indeed a major client.

As soon as he places the order, it’s equivalent to Wu Changxun helping out the advertising department significantly, which is beneficial for future partnerships with the advertising department.

However, after saying this, Chen Yiyang remembered something.

He said to Wu Changxun, "I remember Tengxu is a major shareholder of Yiyang Automobile, right? How come this time when others attacked Yiyang Automobile in public opinion, Tengxu had no reaction?"

"Our influence in the automotive industry is rather limited." Wu Changxun was also helpless, "We are currently only focused on smart driving layouts, not involved in car manufacturing.

But I can initiate cooperation between Tengxu’s smart driving team and your team."

This statement from Wu Changxun was indeed truthful.

Tengxu had previously invested heavily in Future Automobile.

When Chen Yiyang first started in the automobile industry, Future Automobile performed quite well and was considered one of the top new forces in the industry.

However, after two years, the situation changed dramatically.

Now, Future Automobile is reported to be losing money every year, and is on the verge of bankruptcy.

Tengxu was also frightened by this scenario.

They don’t even dare to help Yiyang Automobile with promotion now, fearing that if Future Automobile goes bankrupt, its people will throw the blame at major shareholder Tengxu for not helping Future but instead aiding other automotive companies.

Currently, Future may have 25 billion in cash remaining, but accounts payable total over 35 billion, leaving a gap of more than 10 billion.

Last year, the general payment cycle for car companies was about 120 days.

But Future had already postponed the payment cycle to every six months.

By this year, several leading car companies established a 60-day payment term, forcing Future to follow suit.

Making it even worse.

Although Future only verbally committed to a 60-day payment cycle, it actually gave commercial paper in 60 days with a promise to cash them within nine months.

Given Future’s financial condition, it’s expected that many suppliers will choose to halt or delay supplies.

With internal and external difficulties, Future’s downfall has already become a matter of time.

This is why Chen Yiyang thinks the domestic new energy field has entered the final showdown stage.

Because the impact of the 60-day payment cycle has begun to show.

Whoever has more cash and can pay off bills faster will get suppliers to deliver faster and better products to them.

Those remaining companies, when faced with financial difficulties, suppliers will demand prompt payment under the guise of the 60-day payment cycle.

Even Chen Yiyang, whose cash flow is considered healthy, can’t withstand this, let alone those other car companies completely reliant on investor funds.

I just don’t know who will be the first to fall.

After resolving the troubles for Yingkumi.

Chen Yiyang continued to browse potential investment directions.

The secretary opened the door at this time saying Liu Xiaoyue had something to discuss with Chen Yiyang.

Chen Yiyang instructed the secretary to let her in.

"Are there new public opinion attacks?" Chen Yiyang looked up and inquired.

He was most worried about Yiyang Automobile being continuously attacked by public opinion.

"That’s not the case." Liu Xiaoyue shook her head.

"Such public opinion attacks often require a long time to initiate the second wave after the first wave ends.

Otherwise, continuously attacking a car company can easily trigger a backlash among netizens, thinking it is a targeted malicious attack on a company."

Liu Xiaoyue explained to Chen Yiyang, "That’s why these public opinion wars are the most dangerous, because once you resolve the first wave, you never know when the next attack will start."

"Then why have you come to me?" inquired Chen Yiyang.

"It’s about the automobile transportation issue." Liu Xiaoyue replied.

"Currently, our Baize Lingguang has three main factories. One in the domestic market, specifically for the domestic market. Another in Thailand, serving the Southeast Asia market, and one in Brazil, serving the South America market."

"Right." Chen Yiyang nodded.

"But we have one more market, which is Japan. Over in Japan, we don’t have a factory, so to transport cars to Japan, we’ll need specialized ships to assist with transportation."

"Has there been a problem with this?"

"Not yet, but after learning about related policies these past few days, I’ve discovered a potential risk."

"Please go ahead."

"Because new energy battery-powered vehicles have batteries installed inside, transportation companies often regard them as highly dangerous goods, so they are generally reluctant to transport them, or the transportation costs are very high.

Initially, our sales in Japan were not much, so we paid high transportation fees to find ships to help us transport.

But the previous shipping company now refuses to take our orders anymore. Additionally, insurance companies hope to increase our policy premiums."

"I understand what you’re getting at," said Chen Yiyang, "You mean we have no profits in the Japanese market now, right?"

"Yes." Liu Xiaoyue nodded and continued, "Moreover, for the Japanese market, since we can transport vehicles from the domestic market, it’s actually manageable.

We have plans to produce higher-end models domestically with Yiyang Automobile in the future.

These high-end models can only be produced domestically, as the technology capacity in other countries’ factories is insufficient.

At that time, we’ll have to transport vehicles produced in-house to South America and Southeast Asia. We’ll need stable shipping support."

Chen Yiyang had never thought there were issues with such details.

He thought for a moment and asked, "How are other companies handling it? I remember Biya Mansion, Gili, and Changcheng all have markets overseas."

"Those with money, like Biya Mansion, directly opt to buy ships and form shipping fleets.

Those with no money but have connections, like Changcheng, seek domestic fleets for assistance."

Chen Yiyang genuinely didn’t know anyone in the marine shipping industry.

However, he valued Yiyang Automobile highly, believing its potential in Southeast Asia and South America markets is significant.

Given this, it’s better to just buy a ship and organize a fleet himself.

"Over in Japan, our sales have actually slowed. Finding a fleet isn’t urgent, just transport several thousand once along the way and sell them slowly.

As for the future, we might as well buy a ship ourselves; I’ll look into how much buying a ship would cost."