Chapter 37 Establishment of the New Energy Association



"Mr. Ye, you're not joking, are you?"

Wang Chongfu asked in a trembling voice, "BYD is not only the largest new energy vehicle company in China, but also the second largest power battery manufacturer. If Ye Chen can authorize it, he will undoubtedly benefit the most."

"Of course it's true, everyone. There's no need to doubt it. We can sign the cooperation agreement after the meeting," Ye Chen said.

Wang Chongfu took a breath to calm his shocked emotions and couldn't help but ask, "President Ye, why are you doing this? You don't know how much profit there is in exclusive production, do you?"

Ye Chen looked around and said with a smile, "I believe many of you here are surprised by my decision. The reason I made this decision is twofold: first, because of the company's production capacity. Mousse Technology will definitely continue to launch new products and will not use all its production capacity to produce metal hydrogen batteries; secondly..."

As Ye Chen spoke, he changed the subject, a slight smile playing on his lips, and said, "All the companies here are from China; there isn't a single foreign company among them."

The people present looked at each other, wondering what Ye Chen meant by suddenly saying that.

Meanwhile, the CEOs of several companies involved in international competition, such as Huawi, BYD, and Dajiang, had a glint in their eyes and vaguely guessed Ye Chen's thoughts.

"Actually, yesterday, the fruit company, Tesla, and several other international giants contacted me, but I did not invite them to today's meeting."

At this point, Ye Chen glanced around and noticed that many people looked thoughtful.

"As many of you have probably guessed, I'm going to form a business alliance to unite against external forces and seize overseas markets."

"Your companies must have suffered a lot at the hands of foreign companies. They use their technological monopoly to set the rules, leaving us with a bottleneck and only able to do low-profit OEM manufacturing!"

"Everyone in China is working hard and competing fiercely, but they can only earn a meager income, while the lion's share goes to them. Is that fair?"

"That's not fair!"

"This is completely unreasonable!"

Half of the people in the meeting room looked grief-stricken and indignant; they had clearly all suffered similar fates.

"No, that makes perfect sense!"

Ye Chen looked at everyone solemnly and spoke loudly.

The conference room fell silent immediately, and those who had spoken earlier looked at Ye Chen with puzzled expressions.

We should all understand one thing: if you fall behind, you will be vulnerable to attack!

"Others have mastered advanced technology, seized the high ground, and set the rules. If you want to join them, you can only be manipulated by them!"

Why should others give you fairness?

Ye Chen asked a question in return.

The meeting room fell silent.

This was a very pointed question, and one that they couldn't answer.

"Going back to the previous topic, why did I authorize other companies to produce metallic hydrogen batteries? I think everyone already knows the answer."

"That's right, I want to strengthen China's new energy industry, form a business alliance, and establish China's rules that foreign companies must abide by!" Ye Chen said proudly at the end.

Thunderous applause erupted in the conference room. Several CEOs of the group company looked at Ye Chen, a young man two cycles younger than them, with excited expressions in their eyes!

This is something they've always wanted to do but haven't been able to!

After a long pause, the applause stopped, and Ye Chen began to explain his specific ideas.

"I propose to establish a new energy association to formulate rules for metallic hydrogen batteries and subsequent energy products. I will only license metallic hydrogen batteries to companies that participate in the association for production."

"The association establishes a presidium, whose members are elected by the members. The presidium is responsible for all matters of the association."

"Everyone, please discuss with the company's shareholders now, and we will vote later on whether to approve the establishment of the New Energy Association?"

After Ye Chen finished speaking, a voice rang out from below: "I agree with everything. Only someone with a brain like a donkey would object!"

Several company executives who were still hesitant looked embarrassed upon hearing this.

Their company has business dealings with some major foreign battery manufacturers. To put it bluntly, they act as agents for these manufacturers' products in China and have made a lot of money.

If the association is established according to Ye Chen's idea, their advantages will immediately disappear.

However, such people are only a minority, and most people in the meeting room raised their hands in agreement with the idea of ​​establishing an association.

The Energy Union was approved with the approval of the majority; the next step is to elect members of the board of directors.

Everyone already had a choice in mind and unanimously elected Ye Chen as the first chairman of the association.

However, Ye Chen firmly refused the chairmanship, citing his status as a junior, but in the end, he was given the title of nominal chairman.

Finally, Wang Chongfu was elected as the association's chairman, while the other four vice-chairmen were all industry leaders.

The first thing the association did after its establishment was to formulate admission standards for its members.

Any company registered in China, operating normally and paying taxes, with Chinese capital holding a controlling stake, can join the association after review.

The next step is to establish standards for the sale and technology licensing of metallic hydrogen energy.

For members of the association, the price of one kilogram of metallic hydrogen batteries is NT$5,000, while for external customers, the price is uniformly set at NT$10,000, with fluctuations not exceeding 10%.

As for the technology licensing fee, Ye Chen only symbolically charged one yuan per kilogram.

Of course, there are still many details to be perfected, but Ye Chen does not need to be involved in these personally; they can be left to professionals.

After Mousse Technology released its metallic hydrogen battery, it caused a huge uproar not only in China but also worldwide.

Stocks of some overseas battery manufacturers have plummeted!

Especially the stock of Crazy Field Company. When it announced the development of solid-state batteries a few days ago, the stock price soared. But after Mousse Technology released its metal hydrogen battery, the stock price plummeted like a roller coaster.

Other companies, such as Songha and Sori, which are also based in Japan, as well as LG and Sunrise, which are based in South Korea, have all had their stocks affected to varying degrees.

However, the stocks of companies related to batteries, such as Fruit Company, Tesla Company, Tongyong Company, Big Clock Company, and Deere, all rose.

Investors believe that once these companies partner with Mousse Technology, their products will be more competitive.

As for Mousse Technology, it will not cooperate with these companies.

This idea was not even on the minds of these investors. What Chinese company could refuse to cooperate with these international giants?

Not only do these investors think this way, but the CEOs of these multinational corporations also think this way.

Although they also sent representatives immediately, they were all low-level employees, so naturally they were unable to meet Ye Chen!

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