Chapter 417: Stock price surges, aggressively entering the new energy vehicle market



"Ah? Director Lin, you don't plan to sell it. Do you want to continue to develop it? It's a bottomless pit!"

"Haha, in my hands, any enterprise can be revived, such as Changtai Group and Changtai Automobile.

In addition, I can tell you that if you give me one year, I will make Changtai Automobile larger than Changtai Group!"

When Lin Feng said this, everyone at the scene showed shocked expressions on their faces.

Obviously, no one dared to believe what Lin Feng said.

However, after seeing Lin Feng's methods, they vaguely felt that Lin Feng might really be able to create a new business miracle again.

"Okay, after the meeting, immediately issue an announcement to tell the outside world that Changtai Automobile will completely divest itself of Changtai Group's control."

"Okay, we'll arrange it right away!"

After the meeting, Lin Feng quickly called Shen Lei.

Shen Lei is now not only the executive vice president of Longteng Technology, but also serves as the general manager of Changtai Automobile and is in charge of daily work.

"Director Lin, what do you want me to do?"

"You issued an announcement in the name of Changtai Automobile, stating that Changtai Automobile will be renamed Longteng Automobile in the near future!"

"Okay, no problem!!!"

Shen Lei naturally knew the significance of Changtai Automobile's name change at this critical juncture.

The purpose is to make a complete cut with the previous Changtai Automobile.

Changtai Automobile has long been labeled a "scam car" during this period, so it is not appropriate to continue using this name.

In addition, after changing to Longteng Automobile, the outside world will definitely think that this is Lin Feng’s next big move.

Comparing it with Longteng Technology, everyone will definitely believe that Lin Feng really wants to vigorously develop new energy vehicles.

That afternoon, Changtai Group took the lead in issuing an official statement.

The statement said that due to business needs, Changtai Automobile will officially separate from the management of Changtai Group and will become a new company operated independently in the future.

As soon as the news came out, it caused a huge stir.

Immediately afterwards, Changtai Automobile also quickly issued an announcement.

In the announcement, Changtai Automobile stated that it would change its corporate name to Longteng Automobile Co., Ltd., and the chairman of the company will still be Lin Feng himself.

When two pieces of news came out in succession, the entire Internet was in an uproar.

On major social forums, netizens immediately started discussing the matter.

"No way? Lin Feng is really going to enter the new energy vehicle industry?"

"Longteng mobile phones allow us to use high-end mobile phones at the most affordable price. I hope Longteng cars can also let us enjoy the feeling of driving a luxury car at an affordable price!"

"I have to say that Lin Feng is really a business genius. Changtai Group has just come back to life, and he immediately transformed and entered the new energy vehicle market. This is a big plan!"

Immediately afterwards, without Lin Feng consulting Cheng Li at all, the Asia-Pacific branch of Gaoling Venture Capital, a firm controlled by Cheng Li, also issued a statement.

In the statement, Gaoling Venture Capital's Asia-Pacific branch will inject 50 billion yuan into Longteng Automobile (formerly Changtai Automobile) Co., Ltd. for strategic investment.

As soon as Lin Feng announced the name change, the multinational investment institution issued an announcement.

Obviously, in everyone's opinion, the cooperation between the two parties had been completed long ago.

In other words, Lin Feng had already started planning the new energy vehicle industry a long time ago.

This statement issued by the Tai Region branch of Gaoling Venture Capital Institution is of great significance. If the first two statements were not enough to convince everyone that Lin Feng wanted to develop new energy vehicles, then this statement will officially announce to the public that Lin Feng is serious this time!

"This Cheng Li is really good at riding on the popularity, but this is a win-win choice!"

Lin Feng, who was sitting in the office, snorted coldly after reading the news.

Some are happy while others are sad. When some are happy, naturally some are sad.

The next morning, the stock market was the first to report good news, with Changtai Automobile's share price hitting the daily limit as soon as it opened.

When Lin Feng joined Changtai Group, the share price of Changtai Automobile was only more than 3 yuan.

However, after today's wave of daily limit increases, Changtai Automobile's current share price has reached 8 yuan.

In other words, in just three months, Changtai Automobile's stock price almost tripled.

And from the current perspective, Changtai Automobile's stock price will continue to rise in the future.

But the rise of Changtai Automobile means that a large number of domestic cars will be impacted to a certain extent.

The impact on some new energy vehicles that have already been put into mass production and launched on the market is not that great.

However, it will be a devastating blow to those automobile companies that are still in the research and development stage and cannot formally mass-produce.

Among these companies, Weilong Automobile Co., Ltd. was the first to be affected!!

Originally, the valuation of Weilong Automobile given by major venture capital institutions had reached hundreds of billions, but after Lin Feng's efforts, the valuation of Weilong Automobile shrank by 20 billion in one day.

What’s even worse is that the current Weilong car has been unable to solve the core chip problem, which has made the outside world completely disappointed in it.

Under such circumstances, Dong Liancheng was almost on the verge of collapse.

"Damn it! Lin Feng actually tricked me. That guy doesn't want to cooperate with us at all!"

Dong Liancheng, who was sitting in the president's office, pounded the table angrily and cursed.

But immediately, an executive knocked on the door and walked in.

"What is it?"

"Boss Dong, something terrible has happened. We may need to solve the problem of capital shortage as soon as possible."

Dong Liancheng suddenly narrowed his eyes and asked back: "What do you mean? Don't we have many channels to raise funds?"

“That was the case before, but just this morning, I received calls from several venture capital firms and trust fund companies.

They all indirectly and euphemistically indicated that they might not cooperate with us anymore, and would not continue to lend money or invest in us!"

"What? Why didn't you report this matter immediately?"

Dong Liancheng shouted angrily when he heard it.

The executive almost cried: "Didn't I come here to report right after I received the call?"

He knew he would be criticized, but there was nothing he could do. If he didn't say anything now, his life would become even more difficult in the future.

After hearing this, Dong Liancheng was completely paralyzed in his boss chair in despair.

The reason why he was so tough before was not because he had a lot of cash, but because Weilong Automobile was favored by the outside world, so he had no shortage of investors.

But now, the Weilong car has fallen to the point where no one cares about it in just one night.


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