The Birth of Shanghai's First Conglomerate

He wanted to attract a few top talents to work with him on new energy projects.

The most important thing is to make them feel that you are reliable in handling this matter.

Or rather, you need to have a high chance of success; only then will stock options be meaningful.

After all, these assets cannot be cashed out within five years, including the luxury mansions that Chen Pingsheng gave away.

It will be officially transferred to their own names five years later.

Yan Minghui and his two companions traveled to visit Chen Pingsheng's Tengying Group in Chen Pingsheng's top-of-the-line Phantom.

Neither Sany Heavy Industry nor Huawei can compare to the current Tencent Games.

Both companies have already achieved absolute leadership in their respective fields.

It has made indelible contributions to the industry, something that Tencent Video simply does not possess today.

All I can say is that he's still improving.

Tengying Group is also a super-large group with multiple industries, which is due to the fact that such groups span many industries.

In a sense, the risk is much higher than that of companies that are rooted in and grow in a single industry.

The main reason is that it can't focus.

However, Tencent is doing very well, both in terms of its financial situation and its business operations.

Both are very good.

In particular, regarding the financial situation, all three of them must ensure that Chen Pingsheng can invest a huge sum of 20 billion yuan over the next five years.

This is crucial, as it is a core factor in the success or failure of new energy vehicles.

Only by being able to come up with a substantial investment of 20 billion yuan can they guarantee that they have the core qualifications to go all the way in this field.

Not to mention that he personally owns five listed companies, Chen Pingsheng holds 100% equity in Tengchao Commercial Management in Hong Kong alone.

He now owns assets exceeding 230 billion.

Furthermore, Tencent Entertainment's stock price has once again reached around 30 billion, and Chen Pingsheng personally owns 60% of its shares.

With these two items combined, he has a net worth of 40 billion.

It's the kind of money that can be accessed at any time.

Even if someone has a net worth of hundreds of billions, it would be impossible for them to come up with more than 10 billion as easily as he does.

There's an interesting situation in China where most people verify their personal wealth through stocks on the stock market.

Stocks represent a company's market capitalization, but there's a crucial factor in market capitalization that hasn't been considered.

That's a business loan.

Especially in the real estate industry, which of the top ten companies in China doesn't have hundreds of billions of yuan in loans?

Some have reached trillions.

The true value of a company should be its assets minus all liabilities.

Only then can one use stocks to estimate their personal wealth.

It is clear that Chen Pingsheng's company has no operating debts, which means that he has no operating risks whatsoever.

It would be absolutely easy for them to come up with 20 billion over the next five years.

Even more, that's fine too.

With this money, he can truly be considered a top contender in the new energy sector.

All three agreed to join, but it will take some time; it certainly won't be that quick.

After all, leaving a job takes time.

People naturally want to climb higher, and once the conditions he set are met...

In the future, who won't have a net worth of a billion?

Don't be fooled by the seemingly low number; when it comes to working people, how many people can earn that much money in their lifetime?
With another powerful player joining the new energy vehicle sector, Chen Pingsheng began to meet with local leaders in Shanghai after confirming that they would all be joining the company.

They are officially preparing to invest 120 billion yuan in Shanghai to build a new energy super factory.

Undoubtedly, this is a huge investment.

Especially when funds flow into the new energy sector, which is a key area of ​​national support, it is warmly welcomed by the local community in Shanghai.

They even set up a special negotiation team. Chen Pingsheng also set one up, to let the local authorities know that he was genuinely serious about doing this.

145 billion yuan was directly injected into Tengfei New Energy Vehicles.

Setting up a company is a very simple matter. If you invest 10 billion, you don't even need to worry about obtaining a production license for new energy vehicles.

Shanghai will easily step in and help you get it.

The new energy sector is rife with both genuine and fraudulent projects, with two hundred teams emerging each year to compete in this world-class hot project.

Just like playing football, many people use the guise of playing football to curry favor with local officials in order to obtain land or other resources.

No one can tell.

However, Chen Pingsheng applied for a targeted investment of the 145 billion yuan.

In other words, this money can only flow into car manufacturing.

With a one-time initial investment of 145 billion yuan, all from its own funds, it is undoubtedly a major player in the new energy sector.

Regardless of the circumstances, Shanghai is determined to keep this project local.

Negotiations mainly revolve around a few key aspects.

One is land resources. He wants to invest 120 billion yuan to build a super factory, so land resources are definitely indispensable.

This type of land is usually given away by the local government or used free of charge for a certain number of years.

After all, this is such a large project. Just think about how much tax revenue and jobs it will bring in the future, and you'll know how significant it is.

There are also a few other points regarding the number of years of tax exemption.

In the early stages of new energy vehicle manufacturing, taxes are definitely waived, and local governments will also provide a certain amount of bank loans.

This is to ensure that your project can proceed smoothly.

The 120 billion yuan is just the cost of building the super factory. There are still a series of other things to come, such as purchasing and developing components, and developing new energy intelligent driving systems.

Which one doesn't require massive amounts of capital?

Especially in the automotive industry, which is a heavy industry, the technological threshold is not very high, but if you don't have it...

Those will inevitably be eliminated in the future.

It can be said that after Chen Pingsheng invested 12 billion yuan to build the super factory, he will need to invest at least 5 billion yuan to ensure the next year's success.

The project is still able to operate normally.

In addition, he plans to spend at least 10 billion yuan over the next three years to research how to build a good car.

All of these factors combined mean that he will actually have to come up with more than 30 billion yuan in funds over the next three years.

Only then is it truly possible to succeed in this matter.

Anyway, Tong Zhelan was completely bewildered by his actions. Who would just start by investing over 10 billion yuan to build a factory?

Can you guarantee that the cars you manufacture will sell well?

The car is out, but what if it can't be sold?

Then the factory would be completely useless.

Moreover, given the enormous risks involved in the new energy vehicle industry, he didn't even approach me for investment to share the risks.

Either he's genuinely bursting with confidence, or he just wants to do things his own way.

After all, if you take money from the capital market, probably no investor would agree to let him build his own factory from the beginning.

The risks involved are extremely high.

It's even at a level that's completely unimaginable.

There's no such thing as an outsider who walks in and immediately says they want to build a super factory. There isn't one at all.

It takes at least a month from negotiation to implementation for a super factory.

This also gave him enough time to build a production team for the super factory.

It can only be said that the task is arduous and the road ahead is long.

He still has so much to do.

(End of this chapter)