"That's right, because we have talents like me!" Lu Feng boasted rather arrogantly. "Don't think that's enough? Then add a billion more talents like me, and that'll definitely be enough!"
Everyone laughed. Liu Cheng looked outside with longing, hoping that what President Lu said was true.
Upon arriving at the hotel and entering the room, Mr. Zhang closed the door before speaking: "The company attaches great importance to your order. The chairman has called me several times and will probably personally receive you. Silicon wafer exports are doing very well right now, but finished products are not selling. If they want to sell them, it will be a good start. The price is negotiable, but there is one thing to note: there will be an identity verification process. It is not allowed to sell to companies or individuals sanctioned by Europe and the United States."
"There's no problem with our identities. We're all registered in Thailand, and we're native Thais. We have all the records," Lu Feng said nonchalantly.
"That's good. I've prepared a dinner at this hotel. You can rest for a bit and then come downstairs. Also, try not to go out at night if you can avoid it. The security here isn't very good, and there might be gang members around, so it's best to be careful," Mr. Zhang instructed.
"Okay, thank you. I'll try not to go out."
After settling everything in, Lu Feng and his group rested briefly and arrived at the restaurant at 7 p.m. The dinner was quite sumptuous. At the dinner table, Lu Feng talked about some things concerning Minister Niu. As long as things were arranged here, he could return to the mainland immediately. The subsidiary company had already been registered, and the funds were ready to be available at any time.
He then introduced Liucheng to him, and General Manager Zhang gave a brief overview of the situation here. Their current quote is about three hundred US dollars for each mobile phone circuit board (complete 2G signal circuit and chip), which is the general international price.
Lu Feng did not agree with this price. Including the cost of shipping to Thailand and then transferring it back to the factory in the south, the cost was close to four hundred US dollars, which is more than three thousand yuan. Adding Jiafeng's various costs, Liu Cheng roughly estimated that the ex-factory price of the phone was around six thousand yuan.
This doesn't even include the cooperation with the province to build various signal towers and base stations. When factored into the price of a mobile phone, the cost is approaching 10,000 yuan. Keep in mind that Motorola and Nokia phones have recently dropped in price, and they're only around 7,000 or 8,000 yuan.
"Seven or eight thousand now?" Lu Feng looked at Liu Cheng in disbelief.
“A few days before I left, I bought one, which cost 7,500 yuan.” Zhu Lidong took out his Motorola phone from his pocket.
"I bought my Nokia a few months ago for almost ten thousand yuan." Lu Feng was speechless, but he could also see that Motorola really wanted to kill Jia Feng in the mobile phone business.
"Regarding the price, we can discuss it further. I estimate that around two hundred US dollars shouldn't be a problem," Mr. Zhang pondered. "The main thing is that after selling one copy, they need to pay several tens of US dollars in patent fees to Japan!"
"The price must be driven down to around $150 so that our products can be competitive. Otherwise, if we buy them at a high price and produce them, we'll be completely outmatched and have no other option but to be beaten down." Lu Feng's tone was resolute.
There were still some things he hadn't said. If they engaged in a price war in the mobile phone business and suffered massive losses, he would face a very passive outcome on the board of directors, which was not what Lu Feng wanted, especially at this critical juncture. He had to secure his position on the board and shut the Schroder Group up!
As long as one can bring profits and high returns to the company, or even just a piece of the pie that is about to be in one's mouth, then one will occupy a dominant position on the board of directors. No matter how unhappy Schroders is, the other directors will support one.
"One hundred and fifty, we might need to have a serious talk about that." Mr. Zhang knew that their cost was just around one hundred and fifty US dollars, and it wouldn't be easy to get them to sell at a loss.
After a satisfying meal, including clam omelets, everyone returned to their rooms. As agreed, they would first meet with their reception team the next day. After a brief exchange, they would go to the factory to see the products. Once the products were satisfactory, they would discuss prices and sign contracts.
Before resting that night, Lu Feng called Zhu Lidong and Liu Cheng to his room and said to them, "President Liu, tomorrow focus on the products. Tell me if there's anything you need. The most important thing is to find fault with them and prepare for lowering prices later. President Zhu, pay close attention to calculating our market costs. Just be careful with your words and don't let anyone hear you. Act according to the situation!"
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