The Birth of Shanghai's First Conglomerate

Song Yanxi went home.

She really had a glamorous day today; she'll probably be on most of Shanghai's headlines tomorrow.

After all, it's the largest private library in China, built with a donation of 800 million yuan. It would be a lie to say it's not in the spotlight.

Chen Pingsheng remained calm and even told her not to get so agitated.

Try to avoid appearing in public or in newspapers and media.

Song Yanxi understood, "Honey, tomorrow is the opening ceremony of your super factory. It'll be hard to keep it low-key, won't it?"

"There's no need to keep a low profile about that."

Chen Pingsheng lay in the courtyard drinking tea. “Didn’t you see how many people in Shanghai made it onto the Forbes list and then immediately paid to get off? There’s no need for our family to keep a low profile when it comes to investing in new energy. The government’s support for that stuff is still very risky. Today, Lao Yan even told me that we’re going to set up a motor and electronic control R&D system.”

In new energy vehicles, the electric motor and electronic control system mainly serve as a replacement for the functions of the traditional engine (transmission).

Its performance directly determines the main performance indicators of electric vehicles, such as hill climbing, acceleration, and top speed.

It can be said that the technology and manufacturing level of the motor and electronic control system will directly affect the performance and cost of the whole vehicle.

Several senior executives sat together for a meeting, including Lao Yan, who was formerly from the Sany Heavy Industry Research Institute.

Xu Dong, the former president of Huawei's consumer business unit, and others all agreed that he should establish his own motor and electronic control R&D team as soon as possible.

This matter should be done as soon as possible.

Song Yanxi asked him doubtfully, "It'll cost a lot of money again, won't it?"

"not bad!"

Chen Pingsheng said, "We only invest three to five billion yuan in R&D every year. No one can guarantee what we will actually achieve. If we want to do our own R&D and have leading technology, we have to take risks."

Song Yanxi simply facepalmed; she couldn't even use a computer to clearly calculate the accounts anymore.

The company spent over 5 billion yuan acquiring a battery factory and also needs to invest 5 billion yuan annually in dedicated battery research and development.

Developing motors and electronic controls requires an annual investment of three to five billion yuan.

There is also a crucial intelligent driving system.

Her husband seems determined to dominate all three major components of the new energy vehicle market.

These are the three most critical technologies for producing new energy vehicles. It can be said that whoever leads in these three aspects will be able to truly dominate the new energy market in the future.

Chen Pingsheng reiterated his stance: either don't do it at all, or do it to the best of your ability.

"Honey, won't you feel pressured?"

"Pressure is a motivator."

Chen Pingsheng reminded her, "The Shuiyun Pavilion event in Beijing is still scheduled for the end of each year, but I think it would be best to schedule it for the end of July in Shanghai."

For him, the Shuiyun Grand Gathering was an annual money-making event that he held regularly.

Previously, there were only branches in Beijing, but now there are dozens in Shanghai.

It can be done once a year.

If you're lucky, you can make over a billion from both sides combined, and if you add random increases...

It must be at least two or three billion a year.

If he plans properly, he can still afford to support the money-burning new energy industry.

Once you successfully raise it, the income will be unimaginable.

Song Yanxi thought about it and agreed. It would definitely be best to stagger the time with Beijing by a few months.

The Water Cloud Pavilion in Shanghai hasn't been open for very long, but its two flagship stores have already accumulated a lot of high-quality customers. If they hold a promotion in July...

They should be able to bring in seven or eight hundred million.

Making money, making money, Song Yanxi was single-mindedly focused on making money.

She hadn't really thought about how to spend the money after she got it.

Anyway, I can't spend all of it now.

Later that night, the old lady came to see him again. Peng Qing was the person he was supposed to call "Auntie".

They came to apologize, carrying gifts, and were with Hu Shengtian, asking if he wanted to see him.

Chen Pingsheng raised his hand and refused. After being fired by Yang Xiaolan, he has become very well-behaved.

They try every day to find ways to please the old lady.

She still wants to see him? No way!

……

The next day.

Shanghai reporter Meng Yuyu arrived at the super factory early in the morning.

After a month of negotiations, Tengfei finally secured a thousand acres of industrial land in Shanghai to build its own Tengfei New Energy Super Factory.

This is also the largest new energy super factory in China to date.

News from all sides has been extremely eye-catching. It can be said that Tengfei has become the strongest newcomer in the field of new energy in a short period of time.

Whether it's the management team it has assembled or the real money it has poured in, it is far ahead of the competition in this field.

Far exceeding those internet entrepreneurs.

The groundbreaking ceremony for the super factory on the last day of June was a huge event.

Countless important figures attended, but what excited Meng Yuyu the most was the sheer number of them present.

The big boss behind Tengfei, who is also the big boss of Tengying Group, can no longer hide behind the scenes and remotely direct operations.

Today will be his first media interview.

This alone made her incredibly excited.

She had prepared for several nights and even prepared a series of sharp questions for the upcoming interview.

As long as she can ensure that the big boss of Tengying Group can attend today, she can guarantee that today's interview will be exciting.

In the morning, many things were still done according to established procedures.

When important figures travel all the way from the capital, they are bound to give a speech.

The main focus is still on encouragement.

After he finished speaking, it was Chen Pingsheng's turn to speak.

His secretary, Zhang Wanyi, had even prepared a speech for him in advance.

As any normal person knows, speeches on important occasions usually require a prepared speech or outline.

After all, once you have a unique identity, what you say carries significant influence.

Especially in public places.

Chen Pingsheng gave a brief speech and then quickly ended the presentation, which was followed by the time for the reporters' interview.

Meng Yuyu thought to herself, "The big boss of Tengying Group is as low-key as ever."

Investing 120 billion yuan to build the largest integrated new energy super factory in China didn't even get him to say much.

He genuinely doesn't want to be in the public eye too much.

This is so different from the big bosses she knows.

Meng Yuyu arrived early, which gave her a good position.

She was the first to raise her hand and ask, "Mr. Chen, we heard that you have always worked in traditional fields. We acknowledge that you have made great achievements in traditional industries, but what do you think are your advantages in crossing over into the new energy field?"

What makes you so confident that you can successfully build a car?

This female reporter asked quite a few sharp questions.

Chen Pingsheng was puzzled. Hadn't they said they had already informed the reporters?

Why ask such a question right off the bat?

Chen Pingsheng thought for a moment and said, "First of all, I have to admit that I am indeed an outsider in this industry, or even a novice."

"But if you ask me what my advantage is in entering the new energy field, it is obvious that I have some money in my pocket, which is also the source of my confidence to enter this field."

"As for your second question, what guarantees that I can successfully build a car?"

"To be honest, no one can confidently tell others that they will succeed before they even begin something."

"If that's the case, then this person is probably a fraudster."

Chen Pingsheng said, "You probably want to ask more about my core philosophy in car manufacturing."

"Regarding this matter, I had a three-day meeting with several senior executives. I asked them what the core technology of new energy vehicle manufacturing is?"

"They say it's the battery, the motor, the electronic control system, and intelligent driving."

"In the battery field, I acquired the largest battery factory in China and invested 150 billion yuan in research and development."

"For motor and electronic control systems, I plan to allocate 3 to 5 billion yuan annually to recruit top domestic experts in related fields for research and development."

"In fact, the key to achieving global leadership in the new energy field is technological research and development. If we cannot lead in technology, it will be meaningless to rely solely on assembly."

"My philosophy on building cars is very simple: use the most money, invest the most in research and development, hire the best talent, and then work together to build an easy-to-drive, durable, and affordable car for the general public."

It's very simple and unpretentious.

There wasn't a single flowery word in it.

Meng Yuyu felt that the big boss had indeed answered her question very sincerely.

There was no attempt to downplay the seriousness of the matter.

As he himself said, no one can guarantee their success in building a car from the very beginning.

Chen Pingsheng couldn't either; he was just doing his best.

(End of this chapter)