Yama Electric is currently the largest battery OEM in China and is also well-known internationally, holding a significant market share.
Companies like Bailing and Fengtian Group, which previously approached Fanyue Group to acquire patents or collaborate on development, have all had cooperative relationships with Yama Electric Group.
If his estimate is correct, Yama Electric's market value is close to one trillion.
Professor Cheng then understood the purpose of President Bai's elaborate "visit".
Before he could refuse, President Bai had already begun speaking earnestly:
"Professor Cheng, our group was overjoyed to hear of your return to China and hopes that you can join our team."
"As you know, our group has a much higher starting point for new energy projects than other companies, and we are sure to go further."
"If you could come, we would certainly welcome you with open arms."
Cheng Dong was even more excited than his father, Professor Cheng.
The price for poaching hasn't been quoted yet.
Faced with Bai Zong's attempt to get something for nothing, Cheng Dong was already incredibly excited and hoped that Professor Cheng would readily agree.
“Dad, I heard that Mr. Bai has the support to help me apply to that school. If you can agree to Mr. Bai’s request, Yama Electric Appliances can issue a letter of introduction for me and help me enroll.”
Upon hearing this, Professor Cheng practically rolled his eyes to the heavens.
Cheng Dong grew up with his mother, a housewife, so you can't expect her to know anything about science or technology.
But this child has such a narrow vision, such short-sightedness... Professor Cheng sighed. It is the father's fault if the son is not taught properly. He, as the father who has hardly ever been home since his son was a child, also bears responsibility.
And so.
Despite Cheng Dong's explicit and implicit suggestions, Professor Cheng did not respond to his remarks.
Instead, he spoke directly and politely to President Bai:
"That's right, my team and I just signed a contract with Fanyue Group."
"Although there is a penalty for breach of contract, due to previous precedents of returning to China, the amount of compensation required for breach of contract is much higher, and certain legal responsibilities must also be borne."
"So for a short period of time, neither I nor my team have changed jobs."
Those words were quite polite.
No matter how much President Bai tried to persuade him, Professor Cheng insisted on the "harsh" nature of the non-compete agreement, which Yama Group could not afford to take responsibility for.
After being turned away like this, Mr. Bai had no better solution.
Before leaving, he repeatedly winked at Cheng Dong, hoping that he could continue to persuade Professor Cheng to agree to go to Yama Electric Appliances after he left.
Professor Cheng saw it, and Cheng Dong saw it too.
After Mr. Bai left, Cheng Dong said to his father, Professor Cheng, with a sense of disappointment and frustration:
"Dad, what are you doing? Why are you pushing the money away?"
"This is the president of Yama Electric Appliances. He personally came to invite you with such sincerity. Why are you still so stubborn?"
In Cheng Dong's view, if people are fighting over it, then it must be a good thing!
Mr. Bai has agreed to pay the penalty for breach of contract; his father can't possibly disagree, otherwise he'd be foolish.
"Why are you doing this to yourself, insisting on hanging yourself on one tree?"
Professor Cheng strolled leisurely towards the allocated welfare housing, humming as he listened to these words:
"All you care about are these petty gains."
Cheng Dong was unhappy and wanted to argue with his father, but Professor Cheng had no interest in talking to him.
When the father and son were having a conflict.
Fanyue Group's real estate company has quietly invested 200 million yuan in Xu Qiaojun's Linlin Apartment project.
Xu Qiaojun mortgaged 30% of her shares to Fanyue Real Estate Company.
When Linlin Apartments went public again after financing, Fanyue Group established its own new energy company and invited colleagues from all walks of life to its headquarters in Nanshan City to participate in the groundbreaking ceremony.
The rise of new energy sources signifies the beginning of a new era and the end of the old one.
The first to be affected are multinational listed companies whose main business is gasoline-powered vehicles.
The stock market volatility truly reflects the public's pessimism about the future of this industry.
The first project developed by Fanyue New Energy is energy storage using innovative materials, namely chemical power sources.
Lu Fan handed over the groundbreaking ceremony directly to Zhang Qingyi and Professor Cheng.
Professor Cheng originally didn't want to participate, but due to his special status, he couldn't be absent from such an important day, even if he didn't want to.
Zhang Qingyi's main concern was security:
"The CEOs of Bailing and Fengtian will be attending, and some industry giants involved in energy transformation, such as the automotive and mobile phone industries, will also send representatives to our ceremony."
"This lineup is really too strong. If we only use our own security personnel and something unexpected happens, it will be quite a show."
Lu Fan then indicated to Zhang Qingyi that there was no need to worry:
"Don't worry, they are more experienced than you in security."
He entrusted Li Tian with the supervision and handling of security work both inside and outside the venue.
Moreover, there was official cooperation involved.
Even Wang Mingtang will personally be present to lend his support, taking precautions against any potential problems. After all, the new energy project will bring immeasurable hidden wealth and income to Nanshan City.
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