Reaching the age of thirty, my income randomly doubled-Chapter 603 - 396: Extraordinarily Lively

Chapter 603: Chapter 396: Extraordinarily Lively

At the end of 2017.

Mr. Pidai officially announced his entry into the new energy vehicle industry.

And declared his car-making philosophy, buy, buy, buy, merge, merge, merge, loop, loop, loop, big, big, big, great, great, great.

These five sentences basically can be understood as Mr. Pidai’s path to car-making.

When the country needed a rise in football, Mr. Pidai played with gold-driven football.

Inspiring.

...

From then on, in the business world, he went out of control, getting bank loans until his hands went soft.

Various land resources were also innumerable.

And with real estate soon to hit its turning point, the country was heavily supporting the new energy industry, prepared to replace real estate with the new automobile industry.

He strode forward with exaggerated steps, walking in confidently.

Meeting Chen Pingsheng also had its purpose, after all, the biggest spender in the new energy market right now is Tengfei New Energy.

As the saying goes, outsiders watch the fun, insiders watch the doorway.

According to the data, about 570,000 new energy passenger cars were sold in 2017.

This figure increased by 69% compared to 2016.

While fuel vehicles sold 24.7 million units in 2017, meaning new energy vehicles accounted for no more than 5% of the overall car sales.

With such a market share, dozens of new energy car companies sprang up in just a few years.

Among them, countless new energy car companies cheated national subsidies through falsifying sales data.

This means that less than 5% of the share still contained a lot of water.

With such data, Tengying Group genuinely invested nearly a hundred billion.

Many couldn’t figure out how he could realistically recoup his investment through selling cars.

Even Old Xu, who was always good at capital operations, couldn’t figure out what Chen Pingsheng was really planning behind the scenes.

So he wanted to invite him over under the guise of football to talk.

He himself was very clear, whether it’s football or now new energy, the purpose was to continue the existing narrative.

It was convenient for him to acquire land at a low price and obtain bank loans.

To actually earn back that nearly hundred billion invested through selling cars would take ages.

Relying on that 5% market share?

Don’t be delusional.

After Xu Pidai entered the new energy vehicle industry, what an imposing momentum it was.

He blatantly flaunted his wealth in others’ faces.

And also let everyone know through major media and the internet that he was a super big spender.

Xu Pidai confidently claimed that he would make his new energy vehicles the largest in the world within five years.

What does that mean?

Musk became the world’s number one in new energy vehicles because Old Xu hadn’t stepped in.

Now he has arrived, and that number one spot must be his.

Listen to this slogan, which boss wouldn’t be stirred by it?

Mr. Pidai even declared he would allocate three hundred billion to car-making, suddenly it was all about Mr. Pidai making cars everywhere.

An unstoppable force.

Even Tengfei New Energy, which had already invested hundreds of billions in the new energy industry, seemed insignificant against his extreme contrast.

What’s called full of vigor and conviction, this is it.

Even the capital circles joined in his frenzy.

Chen Pingsheng turned on his phone and saw him, looked at a computer and it was still him.

Mr. Pidai’s intensity and influence in promotion were truly unparalleled.

The new energy vehicle circle was getting hotter, and it wasn’t just him, a major figure, who was speeding up.

Baoneng Group entered the car-making game in 2017, establishing Baoneng Auto the same year.

And acquired 51% equity of Qoros Auto, a subsidiary of Chery, for 6.63 billion yuan, later increasing the stake in Qoros Auto to 63%.

Speaking of the name Baoneng, perhaps not many people know, but the brutal capital that fought the first commercial battle in Huaxia and pushed Old Wang back.

You should have some impression.

Yes, that person, he also entered the new energy vehicle arena.

The wealthy and bold Yao Zhenhua even loudly announced a “Five-Year Plan”.

This content is taken from fгeewebnovёl.com.

Baoneng Auto invested over 50 billion yuan in Qoros Auto, and announced their ambition to build Baoneng Auto into a powerful group within 10 to 15 years.

Initially, this move itself was spectacular until Mr. Pidai announced his investment of 300 billion yuan.

Immediately, it overshadowed everything else.

Mr. Pidai single-handedly overshadowed the entire new energy automotive industry.

Even these distinguished titans were overshadowed, let alone those newcomers transitioning from the internet to automobile manufacturing.

It only proves that some have even deeper pockets.

Mr. Pidai roared, “Who else is there?”

Those who were previously making waves have now gone silent and steered clear of his path.

Indeed, he is formidable.

As the leading tycoon in the real estate industry, such stature is expected.

Not only is his presence felt online, but the football industry is also promoting Mr. Pidai’s move into automobile manufacturing.

This circle is truly getting more lively.

Chen Pingsheng, however, paid no attention to them and focused on his work, promoting globally through the Leicester City route.

Once the World Cup starts, Tengfei New Energy will capitalize on its players, Mbappe and Dingding, for advertising.

If these two could smoothly progress into the quarter-finals or even the semi-finals.

And if one thinks further ahead, winning the World Cup or the Ballon d’Or.

Whatever Xu Pidai can shout about with his domestic teams will seem minor in front of the strong World Cup teams.

Promotions are just a branding strategy, but the essence lies in the automobiles themselves.

Undoubtedly, capital is one of the essential requirements for manufacturing cars but it is not the only one.

Technological development, talent reserves, brand building, and market marketing are all indispensable components of car manufacturing.

Within two years, Tengfei has completed its full industrial technological layout in the fields of batteries, motors, and electronic control.

They also acquired a century-old traditional car company from Russia for tens of billions to perfect basic patent technologies for vehicle manufacturing.

This includes critical foundational technologies such as chassis tuning and vehicle architectures.

Additionally, they invested 15 billion in AI smart driving assistance, establishing a research team of nearly 10,000 people.

They have also completed the construction of Tengfei’s integrated super factory with an investment of 12 billion.

Along with an annual fund of 5 billion yuan for establishing a global supply chain research and development center.

To put it simply, among all the newly established new energy vehicle companies, none can compare with Tengfei.

Tengfei’s goal is not Xu Pidai, regardless of how much he boasts, Tengfei aims to surpass only Tesla.

And it can only be Tesla.

Within two years, Tengfei has completed the full industrial layout in the new energy field.

It also possesses the most industry technology experts; he merely keeps it under wraps.

Only when the first Tengfei New Energy vehicle completes its testing and officially launches will he then channel his efforts into domestic promotions.

For now, the focus is on establishing Tengfei as a globally known brand.

Whether it can sell abroad isn’t important yet; being globally known will help overcome many preconceptions about domestic cars.

Starting from the top-down is the core strategy for Tengfei vehicles.

Mr. Pidai is creating quite a stir now, but his future seems uncertain if he cannot produce quality cars.

He’s left himself no way out.

As for Jia, who was equally vocal before, supposedly returning home next week.

It’s been a year, and there’s still no sign of his return.

Meanwhile, his buzzwords continue to be crafted abroad.

He is also the first entrepreneur to describe car manufacturing as harder than walking on the moon.

Producing an average of one vehicle per year, as per insider information.

And this production involves buying an existing model from someone else and modifying it.

Mr. Pidai is in the limelight now, but he fears the aftermath!

Chen Pingsheng is not particularly worried about him, but his main concern is that many of his employees have bought presale properties from Mr. Pidai.

They haven’t even seen the properties yet, but the loan repayments have begun.

If Mr. Pidai fails in car manufacturing, his robbing Peter to pay Paul strategy might not hold up.

How this will end is unpredictable.