Chapter 726: Investing in Xingchen: Three Giants Support Domestic Luxury Brands
Su Yang came to the Xingchen brand's R&D center in person today and brought the Huadun system with him.
After the researchers finished testing the Huadun system, they couldn't help but give it a thumbs up.
In the era of smart cars, safety is the greatest luxury.
The hardware security of Xingchen's products is unquestionable, and now Qingyao Group has filled the final gap in software.
"Boss Su, this is the contract. We've given you 20% of the shares in the Xingchen brand for 2 billion."
Liu Fengyu took out an equity financing contract.
The Xingchen brand's initial capital was RMB 10 billion, of which BYT contributed RMB 5.5 billion, representing a 55% stake, and Huawei contributed RMB 4.5 billion, representing a 45% stake.
In addition to investing, both parties also contributed their most advanced technologies.
Now both parties gave up 10% of their shares, allowing Su Yang to invest 2 billion and hold 20% of the shares.
This share is not something that anyone can get by paying such a large sum of money. If you were to work in another field, even if you invested 20 billion, you might not be able to get this share.
"Mr. Su, our Xingchen brand will not seek financing from the market in the future, nor have we considered going public. If funds are needed in the future, the three parties will contribute according to our proportion. The Xingchen brand is our hard work and our dream. We hope that the Xingchen brand can become the pride of Chinese automotive brands and that it can benefit the Chinese people, rather than just be profited by those capitalists."
Liu Fengyu spoke seriously and explained in detail the settings of the Xingchen brand.
Xingchen is positioned as a luxury brand. Beyond its brand positioning, its corporate positioning differs from that of ordinary companies. Similar to Huawei, Xingchen's future earnings will be allocated a portion for R&D, a portion for reserve funds, and a significant portion for employee benefits.
"Mr. Liu, no problem, we share the same ideals."
Su Yang's words made everyone laugh.
BYD, Huawei, and Qingyao Group are now like-minded. Everyone knows about Qingyao Group's employee benefits, and Huawei is not bad either, with direct employee stock ownership and no listing.
Now BYT has established the Xingchen brand and is also embarking on this path. Profits can't all be pocketed by oneself; one must learn to let employees enjoy the dividends. Only then can one be considered a truly conscientious enterprise.
"Come here, Mr. Su, let me introduce you. This is the first mass-produced car of our Xingchen brand, and the name has been decided. It's called Xingchen Yaoguang. The word Yaoguang comes from the Yaoguang in the Big Dipper."
At the research center, the Xingchen brand's first car, Yaoguang, was placed there. It was a production model, with some minor adjustments compared to the car he had previously given her.
"This car has undergone the most rigorous testing. Its safety is unquestionable. We and the Huawei team are responsible for intelligent driving, and we can currently achieve Level 4 autonomous driving. Furthermore, we recently made a breakthrough in battery technology. Currently, our car can be equipped with a battery pack with a capacity of up to 200 degrees. The maximum practical range is 1,200 kilometers..."
Liu Fengyu began to introduce the mass-produced model to Su Yang. After the introduction, even Su Yang exclaimed, "It's so powerful. It can achieve L4 level autonomous driving, which is actually fully autonomous driving."
However, national regulations stipulate that this is still an intelligent assistance system.
BYD has always been criticized for its smart features, but with the addition of Huawei, the company has made up for the last shortcoming.
The most surprising thing is the breakthrough in battery technology. Previously, the maximum battery capacity was only 150 degrees, and the actual range was 800 kilometers. Now with more than 200 battery packs, the range has been directly increased to 1,200 kilometers.
At the same time, using the most advanced thermal management technology, even in the severe winter in Northeast China, the car's endurance is at least 30% reduced.
In the Northeast winter, cruising at 120 kilometers on the highway can still reach a 60% discount. Even if the discount is a bit steep, the range is still sufficient. 1200 kilometers, with a 60% discount, you can still travel 720 kilometers.
Running 720 kilometers on the highway, even at 120 kilometers per hour, takes six hours. Who would drive for six hours without taking a break? During the break, the car can be charged at a service area. This car uses 800-volt charging technology.
The maximum charging power can reach 300 kilowatts per hour, which means 300 kWh can be charged in one hour. Even with a discount, it can be fully charged in more than an hour. With such a range, there is no range anxiety at all.
Powerful, powerful product.
If we compare all the electric cars on the market, we can say without hesitation that none of them can compete, including Tesla.
At the same time, everything in this car is made in China, including the onboard chips. Even if the United States shamelessly imposes sanctions, it will not affect this car.
Huawei has been suppressed now. Just a while ago, the black hand of the United States appeared.
In the mobile phone and chip fields, Huawei was suppressed and left.
Now, the Xingchen brand is also an important expansion channel for Huawei. After all, Huawei holds a 35% stake in it.
The car also uses a lot of Huawei products, such as the onboard chip, the car audio, the large screen, and the intelligent driving system.
After the Xingchen product is launched, these products can also be supplied to other brands. For Huawei, this is another business that can help Huawei survive longer, until the rise of domestic brands and the moment of a desperate counterattack.
"Mr. Liu, we need to improve our marketing. We can do this..."
Su Yang repeated his plan. When Mr. Liu heard what Su Yang said, his eyes widened.
"Boss Su, isn't this a bit too dark?"
Liu Fengyu looked at Su Yang and swallowed.
"What do you mean by shady? The US government has even come down on this. That's shameless. Their companies use so many shady tactics. Look at those chaebols, their hands are all stained with blood."
There was murderous intent in Su Yang's eyes.
Those European and American companies are all two-faced. When they are better than your competitors, they talk to you about normal competition and intellectual property rights.
Once they can no longer compete, the bandit face emerges, with all kinds of black hands, not only companies but also their governments taking action.
So in business competition, sometimes there is not only normal competition, but also a life-and-death struggle.
The same is true for Chinese companies competing with foreign companies. Su Yang did not think that this method was so shady. Compared with their methods, Su Yang's methods were already very merciful.
Besides, Su Yang even found someone to take the blame. The Russians in the north were currently on very bad terms with the West, so it was perfect for them to take the blame.
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