Chapter 370 The American Economy Collapsed



At this moment, many people online are urging Tiangong Technology Company to start producing the new car as soon as possible.

People who want to buy a car are getting impatient.

"Such a big company, and it doesn't even have a car? What kind of company is that? It's unbelievable!"

"Isn't Tiangong Technology a leading domestic automaker? Is this all there is to it?"

"I've already prepared the money, and you're telling me there are no cars available?"

"Holy crap, if I order now, I'll have to wait months to pick up the car? Fine, I'll wait, it's because I like it!"

As the saying goes, "The deeper the love, the harsher the criticism." Although many people criticize Tiangong Technology, it's all understandable.

Tiangong Technology's original production lines for manufacturing cars under the brands Hongqi, Zhonghua, and Zhanma have been upgraded, and the production capacity of new energy electric vehicles will soon see a surge.

Based on production capacity calculations, the annual production capacity is expected to reach five million vehicles this year.

By next year, the new super factory will be completed, and its production capacity may reach more than eight million units.

In conclusion, it will definitely meet the needs of consumers.

In addition, major domestic automakers will launch new energy electric vehicles one after another, and China is expected to achieve its goal of producing more than 10 million new energy electric vehicles in 2008.

Currently, new energy electric vehicles are so popular that major domestic automakers are very efficient in order to make money, and have used most of their company resources to develop new energy electric vehicles.

Moreover, the domestic electric vehicle charging infrastructure has been built so well by Wujiang Group that anyone can see the promising future of new energy electric vehicles.

At this time, the government also introduced a number of subsidy policies for new energy electric vehicles.

Everything is ready; now it's just a matter of launching their own electric vehicles.

Of course, traditional gasoline-powered car companies, especially foreign automakers, will not sit idly by and wait for their demise.

They quickly launched a price war, attempting to sell more cars by lowering prices, thereby suppressing the influence of new energy electric vehicles.

Starting in April, almost all gasoline-powered vehicles in China saw price reductions.

In addition, even fuel prices have been severely impacted and have begun to fall. This is the first time in ten years that oil prices have decreased, whereas previously they had only risen and never fallen.

However, this also demonstrates just how significant the influence of new energy electric vehicles is.

This is just the beginning!

If, after some time, the number of new energy electric vehicles increases, car owners will no longer choose to refuel at gas stations, and oil prices will drop even further.

In the international crude oil market, China has become more at ease, and will have greater say in the quantity and price of imported crude oil.

Previously, oil companies could manipulate China, but now they are begging China to buy more oil.

They are afraid that China's new energy revolution is progressing too quickly and that they will stop buying oil from their company in the future.

China is the world's largest importer of oil. If China were to stop importing oil, what a huge blow it would be to oil production companies.

These oil production companies have already begun to suppress China's new energy revolution, which is just beginning to emerge.

However, it was all for naught.

China's new energy revolution is in full swing and will not be halted by any external factors.

On the contrary, the pace of development will only be faster.

Previously, Wujiang Solar was almost the only company in China that made photovoltaics.

More and more people are now seeing the potential of the photovoltaic industry and are entering this field.

This will inevitably lead to an overabundance of photovoltaic power, excessive electricity, and lower electricity prices.

Of course, as long as China's development speed is too fast and its electricity consumption increases, electricity prices can still be maintained at a relatively stable level, and those photovoltaic companies can also make money.

However, competition within the photovoltaic industry will be extremely fierce, inevitably eliminating those companies with low technology.

However, that was a long time later.

...

Since Wujiang launched its "shared charging station" program, it has been well received by the public, who have enthusiastically participated.

The capital sector has also sprung into action, eager to get a piece of the pie.

Deploying charging stations on a large scale across the country is quite expensive, and it may result in losses for the first year or two.

Furthermore, Wujiang does not intend to monopolize the market and also wants to leverage capital to promote the development of "shared charging stations".

Therefore, the "shared charging pile" project received investment from eighteen investment companies, including State Power Investment Corporation, China Energy Investment Corporation, Shenzhen Capital Group, Chongqing State-owned Assets Supervision and Administration Commission, Goldman Sachs, Sequoia Capital, Dachen Venture Capital, Yingke Capital, and Hillhouse Capital, with the first round of financing exceeding RMB 50 billion.

The main reason why everyone is willing to invest in the "shared charging pile" project is that Tiangong Technology Company has granted free licenses to other domestic car companies for its new energy electric vehicle technology patents, which has made the "shared charging pile" project instantly seem to have unlimited potential.

With 50 billion RMB, the "shared charging station" project can ramp up production capacity and then seek cooperation with many hospitals, shopping malls, residential communities, and even local city governments to deploy "shared charging stations" in every corner.

...

China has already entered a period of rapid development in the new energy revolution, with tremendous changes happening almost every day, a truly remarkable transformation.

However, things remain the same abroad.

It may have been impacted and affected in some ways, but it still cannot change the situation.

Although Musk still exists in this world, people's circumstances are different, so he will not exert the same influence as he did in his previous life.

This chapter is not finished yet. Please click on the next page to continue reading the exciting content!

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