Volkswagen is not opposed to selling Bugatti to Rimac, which is unable to pay, because of the powertrain and professional battery knowledge developed by this company for the Rimac C_Two supercar, thus realizing the transition from traditional to electric supercars.
As the boss of a unicorn battery company that is among the top three in China and the top five in the world, Xia Yu may look down on Rimac, but the public is envious of their technology!
As early as 2018, Porsche, a sub-brand of Volkswagen, invested in Rimac with a stake of up to 15.5%.
By selling Bugatti, Porsche's stake will be increased to more than 50%, which is equivalent to acquiring Rimac in disguise, and its core electric supercar technology will no longer be kept secret from the public.
"It's a cash transaction. I won't sell my shares in Jierui Power. A joint venture is not out of the question. We can provide the technology, and you will be responsible for management and operations."
Xia Yu gave his own offer, it's the right price, we are a rich man with plenty of money.
He can also discuss exchanges of interests other than money, so that everyone can work together to make money!
In the past, Xia Yu had this idea. Jierui Power would continue to innovate, and it would be a pity to sell off the old series along with the technology and production lines. Establishing a joint venture with other companies would be the way to maximize profits.
This condition instantly struck Lao He's heart. After the exhaust valve, Volkswagen's sore spot in development is electrification.
Having your own battery factory, even if it is a joint venture, means you will never be strangled during reforms. This is more attractive than electric supercar technology.
How much money can be made from supercars? The core of Volkswagen's profitability is still the civilian car market. Even its Porsche, the Cayenne and McLaren are now the most popular models. Sports cars and racing cars are more of a means to maintain brand influence.
"Price is easy to talk about. Can you tell me more about the joint venture factory? 2.0 series battery cells..."
"That will have to wait until 3.0 is released. Jierui Power needs to maintain its lead in battery technology."
Xia Yu interrupted Lao He's unrealistic idea. The valuation of Jierui Power was all supported by the 2.0 series. He would not smash the treasure chest that made him a fortune for Bugatti.
Lao He did not feel disappointed when he heard him say that. The performance of the 1.0 series is strong enough to fully meet the needs of the low-end electric vehicle market.
Now, he has an idea of how to choose between the two markets, one high and one low, but he still has to discuss it with the board of directors before making a decision.
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