Chapter 266 Battery Technology

Baiyun headquarters is better than Shanghai.

It is six stories higher, and there is a huge rooftop swimming pool on the roof.

There is also a large helipad.

His $32 million Sikorsky S-92 helicopter is parked there.

This is the world's most luxurious helicopter known, capable of carrying 19 passengers.

For this purpose, he specially hired a dedicated pilot from the group.

Even Yang Mi would be shocked by this luxurious life.

The top floor is his own private space. Without his invitation, outsiders definitely cannot come up.

Just for this rooftop swimming pool and helicopter, the annual maintenance and usage fees would be at least tens of millions.

You can see how wasteful it is.

His personal office at Baiyun headquarters is extremely large and even has a dedicated lounge.

The office environment can be said to be quite luxurious.

Gao Hu brought Xiao Chunchun to see him. Seeing Yang Mi was also there, he asked for an autograph for Xiao Chunchun first.

Yang Mi sat on the Huanghuali sofa with her legs crossed.

After swimming for a while, I felt a little hungry.

He wanted to urge Chen Pingsheng to eat, but he was too lazy to pay attention to her.

"Old Chen, you didn't come here just to see me, your brother, did you?"

"I'm not that free."

Chen Pingsheng asked him to sit down. People in Guangdong like to drink tea and chat, and he himself has this habit.

"Besides setting up a short drama production center here, the most important thing for me to do this time is to check on the development of the Dream Fulfillment Fund. I'm also waiting for an important guest."

"Who made you come all the way here and keep waiting like this?"

"A battery manufacturer was recently caught defrauding government subsidies for new energy vehicles, and his company is now facing bankruptcy and restructuring."

New energy vehicle insurance fraud has become common in the past two years. The specific operation is to build a new energy vehicle and then sell it to oneself.

Then get the government’s vehicle subsidy funds.

Then just dismantle the car or digest it on the spot.

Just by transferring money from one hand to the other, you can make a net profit.

Gao Hu was surprised. "Even though there's already a problem, you still want to cooperate with him, Lao Chen, are you sure?"

"Although they have had operational problems, their battery technology and production capacity remain."

Chen Pingsheng said, "Don't worry, I have a plan for everything I do. I won't do anything blindly. The key is battery production, which is the lifeline of new energy. I must master it."

The three major parts of a fuel vehicle are chassis, engine, and gearbox.

The reason why China needs to vigorously support new energy is mainly because these three areas have been ahead of foreign countries for an era.

Various patented technologies cannot be avoided at all.

Talking about surpassing is just wishful thinking.

New energy is different. Electric vehicles have three major components: batteries, motors, and controllers.

New energy is clearly more inclined towards electronic products.

A brand new track, returning to the same starting point again, only in this way can we talk about surpassing.

This is also the main reason why China vigorously develops new energy.

It can be said that it is a completely new industrial revolution.

If Chen Pingsheng can't even master battery technology, then isn't his work in new energy just an assembly plant?

Assemble all the parts together and then hang a take-off sign.

He didn't think there would be much future in doing this.

Therefore, even if the risks increase infinitely, he must take control of the battery lifeline himself.

Gao Hu had no choice but to wait here.

The company that Chen Pingsheng was going to receive was called AUTOMA, the largest lithium iron phosphate electronics factory in China.

The founder is also the former technical director of BYD.

The factory is also well run, right opposite BYD.

If you want to know whether AUTO's battery technology is good or not, it is definitely good.

The key is that its production capacity has expanded too fast, and the new energy market environment in recent years has not been able to keep up.

The market simply doesn't need so many battery manufacturers.

The penetration rate of new energy vehicles is less than 3% of that of fuel vehicles.

In the past two years, AUTOMA has been frantically expanding its production capacity, mainly because of government subsidies.

Although the production capacity has increased, it was discovered that the batteries produced by the company could not be consumed at all.

The government has introduced a series of new regulations on subsidies this year. If you want to get subsidies again, you must meet a number of conditions.

Now it was difficult for him to survive.

Chen Pingsheng invited him to dinner and took him to a farm house in the center of a lake island in his top-of-the-line helicopter.

The four-bladed rotor was spinning in the air with a "buzzing" sound.

There were countless people below looking up, wondering which big boss was getting off work.

It's exaggerated that they even took a helicopter.

The farmhouse on the small island in the middle of the lake is quite private.

Surrounded by huge reservoirs, this island in the middle of the lake can only be reached by boat or helicopter.

From the outside, you can't see any specific facilities on the island in the middle of the lake.

It was completely blocked by the dense woods around it.

Chen Pingsheng parked the helicopter on an open grassland.

Anyone who can eat in a place like this is either rich or the food is expensive.

They are all game or pure seafood.

There is nothing you can’t eat here, only things you can’t imagine.

Of course, the price is also super high.

Any dish of giant salamander starts at 8,000 yuan.

A meal costs at least tens of thousands of yuan.

Chen Pingsheng didn't care at all, he only cared about whether the taste was authentic.

He would definitely not talk about investing in or acquiring the battery factory first. After all, it was not him who was short of money, but the battery factory.

If there is no one or two billion yuan to provide capital injection to this battery factory, it will go bankrupt in at most half a year.

The reason why Chen Pingsheng chose AUTOMA among so many battery factories was mainly because the marketing department spent three whole months researching it.

This confirmed that it was the best acquisition target.

What he lacks most now is battery technology, which Ultracode just happens to have.

The key is that its production capacity is sufficient and it has more than 8,000 employees.

For such a large company, it can only be said that it is running too fast.

Before new energy has fully taken off, it has already expanded its production capacity too much.

This made huge losses inevitable, and he always believed that AUTO should focus on battery research.

Abandon the idea of ​​working in new energy.

Isn't it better to perfect batteries and become an upstream supplier of this industry than to manufacture cars yourself?

"Mr. Chen, Mr. Tong from Jinlan Capital has told me about you several times. There's no need to hide anything this time. My factory manager, Mr. Tong, knows that we're indeed facing difficulties. If you're willing to cooperate, now would definitely be the best time."

Tong Zelan also contributed to the two people's appointment to meet today.

It's just that she's out of the country again, so she can't come over.

Chen Pingsheng closed the menu. Talking to people of their level usually didn't require much skill.

Just be sincere.

After all, anyone who can achieve this level is a top-notch expert.

Sincerity is the ultimate skill in negotiation.

"Tong Zelan has indeed told me about the situation of your factory several times. It can be said that in order to revive your battery factory, you need to spend at least 5 billion."

"and…"

Chen Pingsheng paused and said, "If we want to cooperate, I hope you can abandon the idea of ​​producing new energy vehicles yourself and focus on battery research and development. It's no exaggeration to say that in the future new energy industry, battery life is still the most critical, and battery life is the lifeblood of battery factories."

It may be difficult for you to understand new energy vehicles.

Electric cars are easy to understand. It seems that you can save money by not refueling, but the battery will basically be scrapped after riding for one or two years.

Replacing the battery will cost at least several hundred yuan.

The key factor hindering the development of new energy is still the issue of battery life.

It’s like an ordinary person buying new energy vehicles to save money.

As a result, after driving it for a few years, the battery was completely scrapped.

If you want to drive it again, you have to replace all of it, and the price of replacing the battery is almost enough to buy a new car.

This is not fuel-efficient at all, it's clearly a trap.

If this problem is not solved, new energy vehicles will not be able to develop at all.

This is also the main reason why Chen Pingsheng insisted on controlling the largest lithium iron phosphate battery factory in China.

If we want to develop new energy technology companies, we must master core technologies.

Only in this way can we be invincible in the future.

Of course, the risks are also infinitely high.

To acquire such a super battery manufacturer, 30 to 50 billion is basically enough.

But you want to fully activate it.

At least 10 billion yuan needs to be invested in battery research and development.

All these added up, he had to invest more than 30 billion yuan to start this industry.

I can’t imagine it.

"Mr. Chen, you've touched my heart."

Zhang Zhiyao lamented, "In the early years, I led the factory's technicians in developing battery technology, and we made rapid progress. In recent years, to keep up with the times, we've frantically expanded production capacity, resulting in the current situation where we can't even consume it."

"The idea of ​​producing new energy vehicles myself was mainly because the batteries couldn't be sold. If possible, I would really like to return to my original intention and work hard on battery technology research and development."

"Unfortunately, nearly 10,000 people in the factory rely on me for their livelihood. If I can't get paid, bankruptcy is just a matter of time."

All we can say is that he is a good technical director, but definitely not a good operations director.

People who are good at technology are often not good at marketing.

Both are powerful, take Lei Jun as an example.

There are very few people like this.

This exactly fits Chen Pingsheng's idea.

"Tong Zelan estimated the value of the factory you received was 5.2 billion."

Speaking of this, there is no need for Chen Pingsheng to hide the fact that he is one of the largest lithium iron phosphate battery manufacturers in China.

Even if he doesn't accept it, there are plenty of people who are willing to accept it.

The key is to see who offers higher conditions.

This kind of factory will either go bankrupt or continue to operate.

There are only two outcomes.

"I'm willing to pay 5.5 billion for a full acquisition. I'll also invest another 15 billion in battery research and development within three years. Mr. Zhang, you only need to focus on researching patented battery technologies, and I'll take care of the market."

"In addition, you can personally get 12% of the original shares."

These conditions stunned Yang Mi and Gao Hu, who were concentrating on eating.

Has Old Chen become so generous?

We have just invested more than 10 billion yuan in building a new energy super factory in Shanghai.

Now it is going to spend 5.5 billion to acquire the largest lithium iron phosphate battery factory in China.

It will need another 15 billion in funding within three years.

Are you really going to put everything on the line in the new energy track?

Yang Mi kicked Chen Pingsheng.

Brother, don't be impulsive.

Everyone knows you are rich, but no matter how rich you are, you can't do this.

This is just the investment in the battery factory, what about the motors and control systems?

How much investment is needed to do these two areas well?

It can only be said that new energy has really become a super money-eating beast within the group.

You can't see where its edges are at all.

Zhang Zhiyao didn't have the contract with him, otherwise he would have signed it immediately.

In addition to cashing out 5.5 billion, you can also get 12% of the original shares.

The key is to ensure 15 billion yuan of investment in battery technology research and development over the next three years.

This is quite exaggerated.

Among the current new energy vehicle companies in China, only BYD has invested so much in battery factories.

The others are far behind.

(End of this chapter)