Chapter 693 An An Wants to Catch Up

His eldest daughter is preparing for the college entrance examination every day, so as a father, he has to prepare gifts for her.

Of course, we also need to cheer them up and encourage them.

Tengying Group, top floor.

The young secretary Tang Jing's previous ambitions are all gone.

She didn't think about becoming the president of a branch company. It would be very good for her to stay here and be a female steward in the palace.

The main reason is that she has been following Chen Pingsheng for many years, and of course she will learn how to trade stocks from him.

When Nvidia's market value reaches 3 trillion US dollars, she can actually rest easy for the rest of her life.

When Nvidia was at its lowest point and Chen Pingsheng invested 120 billion to increase his holdings, she also bought 20 million.

Now it is definitely worth 200 million yuan. This is the hidden benefit of being a secretary to a big boss.

Chen Pingsheng asked her, "Tang Jing, was it also very difficult for you to pass the exam in your senior year of high school?"

"No, I think it's very easy!"

Tang Jing blinked her big eyes and spoke her mind, then she felt something was wrong.

"Boss, my senior year in high school was so difficult. I couldn't sleep or eat well every day..."

"Come on, you're not cut out for lying."

Chen Pingsheng searched on the computer for what parents should do before the college entrance examination, then turned around and asked her:

"My daughter An An has been working really hard lately. As a father, I don't know how to encourage her. I was planning to ask you, but you didn't understand at all."

Do you think I don't understand? It's obvious that I'm just naturally intelligent and have easily overcome all obstacles along the way. Tang Jing doesn't dare to say that now. Doesn't that mean he thinks his job as chief secretary is going too smoothly?

"Boss, An An has never been very talented in studying since she was young. It's really amazing that she can achieve such good results now. The people around me are all very talented in studying. They all seemed to have an easy time during the college entrance examination."

"Talent is something that is really hard to describe in a few words."

Chen Pingsheng shook his head and said, "Look at my second daughter. She is the least hardworking student in the family. She can't finish her homework unless she rushes to do it at the last minute. Yet, her academic performance is the best.

"Her sister is different. She's better than anyone at mantis boxing, playing the erhu, and drawing talismans. But she's not very good at studying."

Tang Jing was also well aware of the importance of academic talent. "Yes, anyone who can get into a 211 university, except for those who work extremely hard, generally has some kind of learning talent. These people tend to learn very quickly and achieve twice the result with half the effort."

After realizing that he had asked the wrong person, Chen Pingsheng was not discouraged. He asked some top students in the secretariat.

After discovering that they were all extremely talented, he felt that studying was not something that could be accomplished entirely through one's own efforts.

For example, when he was studying, his memory was not very good.

It takes a long time to fully remember any knowledge point, and it will be completely forgotten before long.

This is a typical example of someone who has no talent for studying.

If you don't love this thing and don't have talent, you can basically declare yourself a failure.

It’s really hard to put it into words.

It turns out that these academic geniuses recruited by the group did not achieve their success simply by hard work.

Anyone who can get a job in his top-level CEO office must be a genius who has truly changed his destiny through studying.

Only after you start working will you know whether your future life will be good or not. Annual salary is one part of it, but investment and financial management are more important.

No matter how much money you have, it can be easily squandered if you don’t know how to manage your finances.

If you know how to manage your finances, no matter how low your annual salary is, you can live a better and better life by relying on steady progress and persistence.

His way of managing money here is basically learning how to trade stocks from him.

After a few years, you can more or less increase your own assets by seven or eight times.

Someone like Tang Jing, who has been a secretary for so many years, doesn't earn as much as he earns by investing with him.

He also found a lot of posts online from parents of high school seniors, some of whom accompanied their children to take exams during their senior year, and some of whom hired a psychologist for regular counseling.

Some parents are even more crazy and spend all their family savings to hire tutors to help their children complete the college entrance examination.

Tengying Group has not recruited new members from ordinary universities for at least three years. Almost all the talents recruited are professionals in fields related to mobile phones, AI, new energy vehicles, and solid-state batteries.

Or recruit through global channels.

This also reflects that the current job market has become increasingly difficult.

The stability of people working in state-owned enterprises is extremely high.

No one would come out of here easily unless they were impulsive.

In the market environment for private enterprises in recent years, large enterprises rarely explore new markets.

Naturally, there is no need to recruit a large number of people.

This has made it increasingly difficult for college students to find jobs, and the current solution is to divert education.

Let more people learn a skill.

Chef, hairdresser and auto mechanic are the three treasures of poor families.

It's a helpless and hopeless choice. If I had good connections at home, I wouldn't learn these things.

When Chen Pingsheng returned home, he also consulted with Song Yanxi to see if the couple should arrange for someone to accompany them to take the exam.

Although it seems that there is no need for this in their family, they still have to go through the necessary procedures. The most important thing is that other children have it, and he hopes that An An will have it too.

Song Yanxi has been worried about Chen Lu being too honest recently, so she doesn't have much time to accompany An An for the college entrance examination.

Chen Pingsheng simply went there himself. After all, the group was not short of money at all, and he had already allocated all the R&D funds.

Many companies want to conduct their own research and development, but ultimately become hesitant in the face of large amounts of research and development funding, which makes it particularly easy for them to give up halfway.

This is also a phenomenon that would never exist in Tengying Group. There is no way around it, its funds are indeed a little too strong.

Tengfei New Energy is already able to generate profits, as is Tengde Times. Its mobile phone business has earned over 160 billion yuan, and it has also set aside 50 billion yuan for subsequent research and development funds.

The only one that suffered losses was Tengfei AI.

There is no competition in this industry, and there are only a few companies in the world that can do it well.

Tengfei AI is advancing its research and development with an annual R&D budget of 40 billion yuan and over 100,000 top mathematicians, physicists, and R&D engineers.

AI projects of all sizes will continue to be developed.

But if we really want to take Tengfei AI public, it will be unlikely to happen without four or five years.

Currently, the market value of Tengde Times exceeds 350 billion yuan, and Tengfei New Energy has reached 480 billion yuan.

He personally owns 20% and 21% of the shares in these two stocks respectively.

On September 8, he secretly cashed out 0.5% of his Nvidia shares.

A total of 16 billion US dollars were received.

Through Tengying Capital in Hong Kong, all the money was used to purchase Tengde Times and Tengfei New Energy's secondary market stocks.

He alone took out 110 billion to buy stocks in the market, which naturally caused the share prices of Tengfei Automobile and Tengde Times to rise rapidly.

Rather than believing that Nvidia's market value can reach 6 trillion US dollars in the future, he believes that his own Tengde Era, including Tengfei New Energy, can reach a market value of one trillion.

All these maneuvers are just to multiply assets faster.

This time, each party will take back 12% of the shares, which can be cashed out at any time.

In mid-September, Tengfei Auto released its flagship model, the Longteng S700 pure electric model.

The price ranges from 320,000 to 500,000.

It is equipped with Tengxin's epoch-making product, the Tengxin sixth-generation solid-state battery.

The cost of a set of this type of battery is between 120,000 and 200,000 yuan.

The cruising range is an astonishing 3,000 kilometers, which can fully meet any long-distance needs.

And the most important thing is that after charging for 10 minutes, the driving range can reach 800 kilometers.

In addition, it is equipped with Tengfei’s latest AI intelligent assisted driving to fully realize the driver’s driving freedom.

After eight years of development, five years of statistics, and two years of testing, it was found that Tengfei's AI intelligent driving technology is already much safer than driving by oneself.

The accident rate is also much lower.

Even so, Tengfei AI and Tengfei New Energy Vehicles do not dare to publicize their zero accidents.

If something like this happens, it will be a disaster. Life is above everything else. If they dare to promote it like this, even if only one car has an accident, it will be the full responsibility of the car company.

Whether it is the intelligent driving technology, the Tengxin sixth-generation solid-state battery, or the chassis adjustment technology of the current Longteng S700, it is no exaggeration to say that it is definitely the best choice for models below one million.

There isn't even one of them.

This flagship product was developed with a research and development fund of 300 billion yuan, took eight years, and was jointly developed by over 150,000 top engineers.

It is also the pinnacle work of Tencent Film Group in 2024. There was not much publicity before the press conference.

There is no need for much publicity after the press conference.

Tengfei New Energy Vehicle has truly developed its own flagship model that can gain a foothold in the global market.

Chen Pingsheng had been looking forward to this day for eight years, and it was also a masterpiece that amassed the efforts of the entire group.

God knows how difficult it was for him to independently develop solid-state batteries for six years in order to support Tende Times.

There was no reward at that time, and you couldn't even see any reward.

In addition, he spent countless funds to develop the overall technology of Tengfei AI, including new energy vehicles, to its current stage.

The Longteng S series models are his flagship models for expanding into the global market.

It is also a super existence that can truly compete with Tesla in terms of quality, including Tesla FSD overseas.

Don’t be fooled by the hype about new energy vehicles in China. If you put aside the patriotic sentiment and go overseas, you will find that they are not on the same level as Tesla.

Not to mention competing with Toyota and Volkswagen in the same price range.

Not on the same level either.

We can also rely on domestic policy protection and consumers' patriotism to obtain high-value orders.

What Chen Pingsheng has always wanted is to be able to compete with Tesla, Toyota, Volkswagen and others overseas without having to deal with these things.

He had waited eight years for this day.

The launch of Longteng S700 has truly ignited public opinion, which is not something that Tengying Group can control on its own.

But it is the real evaluation of the car reviewers.

There is a particularly serious phenomenon on the Internet. No matter how much Tesla is criticized, its offline sales have never lost.

Two models conquer the world.

As for domestic car models, anyone who dares to go online and criticize them will be subject to legal summons.

This is actually not conducive to the long-term development of the enterprise.

We can only use marketing including various positive news in the short term to make people choose.

It is difficult to say whether a company that cannot obtain user reviews correctly will be able to develop well in the future.

Chen Pingsheng himself allowed online comments to be allowed without any restrictions.

Of course, anyone who talks nonsense online without ever driving a car could easily be sued.

No business should allow this to happen.

The first model released in the Longteng series was the million-dollar model, which now belongs to the downward compatible market.

There is a very strange phenomenon in the automobile market: once the brand positioning is formed, it is very easy to move downwards.

If you want to break into the market, it will be extremely difficult.

Volkswagen is very powerful. It owns brands such as Porsche, Lamborghini, Bugatti, Bentley, and Audi.

With this strength, the million-dollar car it builds will definitely not be worse than the Mercedes-Benz S-Class.

But the fact is that the Volkswagen Phaeton was withdrawn from the market after only a few years.

A typical example of a brand that cannot keep up with the price.

Longteng S900 has accumulated a group of early high-end customers, and now it has released the mid-to-high-end pure electric model Longteng S700, which has immediately ignited the market.

The most important thing is that it is indeed the best choice under one million.

The Longteng S700, which cost over 200 billion yuan and was developed by concentrating the core advantages of three major groups, is bound to be a hit.

Market capitalization is actually the best reflection of the capital market, no matter how other companies promote themselves as surpassing Apple.

With a net profit of over 100 billion US dollars a year, it can have a market value of over 3 trillion US dollars.

Even though Samsung's sales volume is much higher than its peers, its market value is not even on the same level.

The same principle can also be applied to Tengfei New Energy Vehicles and Tesla.

It has to be said that he did sell Tesla stock a little too early, as its market value has now reached 1.3 trillion US dollars.

Tengfei New Energy only has 600 billion yuan, less than one-tenth of others.

The gap is unimaginable.

My small goal for the next five years is to achieve half of Tesla’s market value.

Although it sounds simple, it is a real 600 billion US dollars.

The largest domestic stock, Big Penguin, has a market value less than half of Tesla's.

Even if the technology giant Huawei goes public, Chen Pingsheng estimates that it will definitely trigger a frenzy among retail investors in the early stages.

Even if stock price expectations are greatly increased, the market value will only range from US$500 billion to US$700 billion.

This is even after greatly increasing expectations, after all, Huawei's net profit is only more than 80 billion yuan a year.

It is undoubtedly a well-deserved leading technology company in China, and it is also a top technology giant in the world.

But it is definitely still a long way from the peak.

Not to mention that going public is equivalent to the sum of Apple + Tesla + Nvidia.

Chen Pingsheng even suspected at one point that the online expert who said this was a typical black fan.

Otherwise, how could one be so stupid as to make such a judgment? Isn't this obviously attracting bad intentions?

Apple takes over 90% of the global mobile phone market's net profits every year. Is its world-leading market value any joke?

Tengfei New Energy will need at least another five years of development before it can have half the market value of Tesla.

This alone is an incredible achievement.

When running a business, one must be pragmatic. In this regard, Chen Pingsheng thinks he is not bad.

(End of this chapter)