Reaching the age of thirty, my income randomly doubled

The negotiations between Chen Pingsheng and Zhang Zhiyao were nearing their end.

The good news was that he would soon own one of the largest lithium iron phosphate battery factories in the country.

The bad news was that he was about to invest 5.5 billion for a full acquisition of this super factory, which was suffering from huge losses.

Within three years, he would also have to allocate 15 billion for targeted battery research and development investment.

Without this dedicated R&D fund, Zhang Zhiyao might not necessarily have sold it to him.

Domestic electronic business operations often fall into two models.

One model is an integrated, ecological enterprise that combines production, education, and research.

Though ’production, education, and research’ sounds simple, the investment required is enormous.

Take battery R&D investment for example; you pour 15 billion into it, which only means you can gather more true experts in the field of batteries, focusing these people to study and break through the existing technical bottlenecks every day.

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If it succeeds, of course, the benefits are huge.

But if it does not, think of the international giant Samsung.

Samsung’s mobile screen technology is world-class leading. They spent almost 20 billion US dollars on it, incurring losses for over a decade before they succeeded.

This was the result of Samsung’s investment in R&D that began in the 1990s.

Similarly, Samsung also worked on chips in the 1990s, continuously investing nearly 10 billion US dollars.

After countless efforts, they ended in failure.

Plainly put, engaging in R&D is like competing for lifeblood; once an international major in a certain area breaks through with patent technology first.

All your research in this field could potentially be in vain.

You must then start anew to work around its technical patents.

Otherwise, you’re infringing on their rights.

That’s the essence of combining production, education, and research—a business model with boundless investment.

The risk is extremely high, and the success rate is especially low.

It can even be described as unimaginably low.

The other model is much simpler, just assembly.

The technology belongs to someone else. I pay a high price to use someone else’s technical patents, and that’s that.

Then assemble these products together, and gain your meager profits by cutting down marketing and sales costs.

The advantage of this approach is that you don’t need to invest in R&D yourself, which lowers the risk and also reduces investment.

Over ninety-nine percent of well-known domestic electronic giants follow this model.

It has its advantages, but not a few downsides as well.

The moment foreign companies chokehold you, these types of factories immediately halt production.

They fundamentally cannot produce their own core products.

Chen Pingsheng also didn’t know whether his investment would succeed, but he was set on the fact that since he had started this endeavor,

he could only go all out.

To quickly assemble the 5.5 billion needed for a full acquisition, he instructed Zhang Wanyi in Magic City to immediately sell off the 2 billion worth of Bobo Milk Tea and Fei Yangyang shares they had bought back at a low price.

Luckily, these two stocks had been bought using thousands of accounts; now that they were selling due to the favorable market conditions,

it wouldn’t attract too much attention.

There were still many details to negotiate, which couldn’t be settled in less than half a month.

This also gave Chen Pingsheng time to raise funds.

On June 2.

A huge piece of news burst onto the domestic new energy market: the newly established Tengfei New Energy Automobile planned to acquire the country’s largest lithium iron phosphate electronic factory with a full funding of 5.5 billion.

In addition, they would invest 15 billion to focus on battery R&D over the next three years.

Instantly, it caused a sensation.

Countless people in the new energy vehicle market began to pay attention to this newly established energy automobile company.

It was inevitable since the new energy vehicles hardly sold many units each year.

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Everyone who entered this industry, at least half of them didn’t come with the intention of building good cars.

It was purely like playing soccer.

This also led to very few people willing to directly invest tens of billions in laying out their super factories in the early stage.

Not to mention investing another twenty billion in the core battery factories of new energy.

One could only say that this newly established energy automobile brand was just too wealthy and powerful.

It dared to enter the industry and immediately invested nearly thirty billion.

The specific details of the cooperation hadn’t been fully settled, so naturally, there wasn’t a press conference yet.

However, under the stimulation of this news, Tengfei’s super factory in Magic City sped up all approval procedures.

There was no helping it, this seemed like a super enterprise that truly wanted to excel in new energy.

Such enterprises were not only needed by Magic City but were also coveted by various other places.

They would even directly offer a series of conditions.

Tengfei’s phase one investment in the super factory was as high as twelve billion, with the main goal of building a world-class integrated super factory for the entire production of new energy automobiles.

Magic City offered an industrial land area of 550,000 square meters.

Building such a super factory required many supporting industries around it.

After a period of negotiations, it was finally decided to locate the super factory in Lingang.

Once the location was set, the specific terms also needed to be negotiated.

For such a huge piece of industrial land, Tengfei aimed to use it for free, but it had to meet a series of conditions.

For example, creating a certain amount of tax revenue, satisfying a certain number of employment opportunities, and so on.

In the midst of various major news accelerating the excitement, the former dean of Sany Heavy Industry Research Institute, Yan Donghui.

Officially joined Tengfei New Energy on June 5th.

He took the position of co-founder and CEO of the automobile division.

While the former president of Huawei’s consumer business division, Xu Dong, became Tengfei Automobile’s Chief Technology Officer.

In addition, the former president of BMW Greater China, Zhang Qiming, assumed the role of President of Production and Sales.

In the early stages, he was mainly responsible for the construction of the super factory.

After all, there was no sales business without cars being manufactured.

The construction of the super factory was far from something Chen Pingsheng could handle alone.

If one wanted to make a world-class product, then it was necessary to hire world-class talent.

That was a simple truth for Chen Pingsheng.

At least in his view, these three were far superior to him in their fields of expertise.

If he were to work for others, he couldn’t dream of holding such high positions in those big companies in his lifetime.

Whether he could even get in was a major question.

His educational qualifications would be the stumbling block.

Most bosses only like to hire people who are less capable than themselves.

Because they feel they are easier to manage.

Chen Pingsheng was different; he preferred to hire those who were more capable than himself, the more capable the better.

When the trio came over, he also offered the highest sincerity.

Three 500-square-meter units in Tomson Riviera were directly given to them.

Additionally, each was provided with a Maybach 680 worth about four million in on-the-road price.

If one were to exaggerate a bit, he could also casually introduce those little stars in the entertainment circle.

It was all about mutual consent.

Such special resources could settle most men.

New energy automobiles were not just about major investment; once the three of them were in place, a series of work would also begin.

Meanwhile, Chen Pingsheng was still raising the fifty-five billion needed to acquire the battery factory. n/ô/vel/b//jn dot c//om

Many banks were willing to lend him money, but he refused.

In a word, the interest was too high.

With that interest, wouldn’t it be better to recruit a few more top experts in the Lithium Iron Phosphate battery field?

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