Frankly speaking, Chu Yu is not interested in the automotive business, nor does he believe that China's automotive industry can catch up in the short term.
The core of a car is engine technology.
Foreign engine technology is already very mature, and they naturally won't share their patented technologies. If China wants to develop engines from scratch, let alone five or ten years, even twenty or thirty years would be an optimistic prospect.
Chu Yu remembered that in her previous life, until she transmigrated, decades later, China's automobile industry still couldn't compete with foreign countries. However, China did well in new energy vehicles, and its battery technology was overtaken by China.
Yu Xiangwen and Long Cheng wanted to start a car company, but Chu Yu thought they could focus on new energy vehicles.
Currently, there are not many companies in the world working on new energy.
If Chu Yu focuses on electric vehicles, it may become the first company to produce electric vehicles in the future.
The first is always special.
If they could further master battery technology and sell their car batteries overseas, the profits would be immeasurable.
Chu Yu's trip back to Beijing was to discuss investment in the automotive industry. They planned to establish a company overseas, ostensibly to build a factory in mainland China, but in reality, to expand their business there.
In this way, Chu Yu can obtain preferential policies from the government, acquire land and reduce taxes at the same time, and hopes to make his own contribution to employment in the mainland.
State-owned enterprises are about to lay off employees. As the wave of layoffs approaches, entrepreneurs should shoulder their responsibilities and create more jobs for these employees, so that laid-off workers can have food to eat, money to support their families, and a better future for their children.
A car company can create at least several thousand jobs.
It is possible that this could create tens of thousands of jobs in the future.
Needless to say, there's also the issue of taxes.
The tax relief policies offered by the mainland are exactly what Chuyu needs.
Chu Yu planned to have Mi Fei make connections and talk to the leaders, and then have Yu Xiangwen and Long Cheng come to the mainland to investigate. Since they were going to partner up to run a car factory, these two people would have to be involved. As for whether Long Cheng and Yu Xiangwen wanted Xin Yicheng to be among the major shareholders of the car company, that was up to them.
Mi Fei helped Chu Yu connect with leaders from the mainland, who asked her which city she wanted to build a car factory in.
Chu Yu pondered that for a large automobile company, the location of its headquarters is not the most important factor, since branch factories will be set up in different cities in the future anyway. Many well-known brands have factories and companies in more than a dozen cities in mainland China.
She wanted to investigate where would be more suitable for building the factory.
Chu Yu considered several places, including Beijing, Shanghai, and Shenzhen.
"Of course I hope you will keep your energy in Beijing. Your company is all in Beijing, which makes it easier to manage. But to be honest, Beijing is not a suitable place for a car company. It would be better to go to a city with developed freight transport, such as Shenzhen or Haikou."
Actually, Shenzhen is not bad either. Shenzhen is close to the port city, has good policies, many preferential policies, and is generous in allocating land.
If a factory is set up in Shenzhen, Yu Xiangwen and Long Cheng can come directly by boat to the mainland for inspections without having to transfer by plane, which would be much more convenient.
Shenzhen has many businesses, is far from Beijing, and has a relaxed policy environment.
Doing business in China inevitably involves being affected by policies. The environment in Shenzhen is indeed more relaxed than in Beijing, and Chu Yu has also listed Shenzhen as a key city to consider.
In addition, Hua Chu will be based in Shenzhen, and Chu Yu knows many important leaders in Shenzhen. Since everyone knows each other, it will be more convenient to get things done.
However, an investigation is still necessary.
More investigation is needed to encourage competition among these cities. Competition will lead to lowering of standards. What Chuyu wants is the future tax revenue from these cities, which will in turn bring more preferential treatment to Chuyu.
Mi Fei made connections for Chu Yu, arranging a meeting with the head of investment management in Beijing. The person was quite familiar with Mi Fei, and upon hearing that it was a foreign company setting up a car enterprise, he was very welcoming, his enthusiasm making Chu Yu feel ashamed.
There's a reason for that.
In recent years, China has attracted many enterprises, but most of these enterprises are in light industry, and there are really not many enterprises with high technological content.
Companies like Mandarin are not bad, they are good, but their skincare products are so good that they don't contribute to the country's technology or help the country's technology reach new heights.
The country hopes that there will be more capable enterprises in the mainland.
We also hope that Chu Yu will register the company directly in mainland China.
“Our country has introduced new policies to increase support for domestic technology companies and strive to support domestic brands, which is also the direction of the country’s future development. If you are willing to invest in a car company in Beijing, with an investment of several hundred million yuan, we can apply for greater preferential treatment than foreign companies.”
The staff explained the recent national policies to Chu Yu in detail.
Chu Yu listened attentively, but the specifics would have to wait until Long Cheng and Yu Xiangwen arrived in Beijing for everyone to discuss them together.
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Mao Xia has been having a tough time lately.
Last time, Mao Xia tried to trip up Chu Yu by trying to get her to work as a prostitute at Sister Hua's place, but it turned out that Chu Yu was having an affair with a big shot in Longcheng. Chu Yu had one of her hands crippled, and Mao Xia couldn't resist, so she was taken away immediately.
Chu Yu knew all too well how ruthless the thugs in Xinyi City were.
With one blow from the thug, all the bones in Mao Xia's hand were shattered. This was not an ordinary fracture; the bones in her entire hand were smashed into tiny fragments.
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