The Birth of Shanghai's First Conglomerate

Chang Fu still introduced some basic information to Chen Pingsheng.

Gao Hu came back this time because he wanted to do live-streaming e-commerce. According to Chang Fu's idea, he would invest in and jointly establish a live-streaming e-commerce company with Gao Hu.

They used the name of the founder and former president of Boiling Sheep to gain traffic.

If you want to use this title, you must obtain Chen Pingsheng's consent.

Otherwise, the traffic generated by Boiling Sheep wouldn't be something a former president like you could just borrow at will.

He didn't have any objections; these days, more and more entrepreneurs are getting involved in short video production.

Although it doesn't have a great reputation among business people, it's still quite good from a money-making perspective.

As for people like Zhang Wei who want to gain some traffic, it's even simpler.

This is nothing.

Since my old classmates have finally come to Shanghai for a reunion, Changfu has to make the arrangements.

He's living a carefree life now, with billions in his hands, and his life is incredibly comfortable.

At their age, they don't really like going to bars to make a ruckus anymore.

Getting a massage and a high-end foot bath would be nice.

Chang Fu even asked Gao Hu if he wanted to do something exciting, suggesting they order two things at once.

He used to like to have fun, but now that they're divorced, no one will care how much he has fun anymore.

Gao Hu shook his head. It wasn't that he wasn't interested, he just didn't feel like playing.

After the gathering ended, Chang Fu still made some arrangements for Zhang Wei, making his barbershops extremely popular in Shacheng.

The news quickly spread among classmates, and more and more people came to Shanghai to ask Chang Fu for help.

At first, he enjoyed it immensely, as they were all minor matters, but later he couldn't keep up.

His classmates would come to him for everything—borrowing money, helping their younger siblings find jobs, or wanting to advance their own careers.

Once you start something like this, it becomes troublesome if you help one person but not another.

Chang Fu was warned by his wife Yang Qian within just one week.

He was somewhat afraid of Yang Qian, but it wasn't so much fear as respect.

If Yang Qian hadn't kept an eye on him, his current situation wouldn't be much better than Gao Hu's.

This is why it's important to marry a virtuous wife; a good wife is so crucial.

Because so many people came to him for help, Chang Fu's phone was turned off by Yang Qian.

Let him focus on his traditional Chinese medicine therapy without worry.

Fortunately, Chen Pingsheng didn't put all his eggs in one basket with Chang Fu. After leaving Tengying Group, Chang Fu's carefree nature was fully exposed.

Furthermore, having achieved financial freedom, he no longer possesses the same passion for striving as he did in his youth.

As expected, it will be very difficult for him to get his traditional Chinese medicine clinic up and running.

This has nothing to do with his wife's family, but rather with Changfu's own carefree nature.

In this era of great change, which industry isn't fiercely competitive?

Even if an outsider brings in a lot of money, but doesn't put in much effort, they definitely won't succeed.

Chen Pingsheng was too lazy to remind him. Even if Chang Fu lost all of his 1 billion, he still had 9 billion left.

Will this affect his quality of life? Impossible.

Time flew by, and before we knew it, it was March 9th.

Chen An'an continued to do as she pleased in her junior high school, while Er Piya remained the same as before, always walking with a swagger and traveling in at least four cars.

As for Chen Lu, the mistress, he still followed his female classmate Su Xiaoxi around every day.

I love playing with her every day.

As for Chen Pingsheng himself, he has devoted most of his energy to the new energy industry, including the health industry.

Based on market forecasts, Tengfei New Energy plans to build another super factory this year.

The investment amount is between 8 billion and 12 billion yuan. This is to cope with the explosive growth of the new energy market.

From less than 3% market share in the early days, to around 15% now.

Perhaps in less than two years, the proportion could reach between 30% and 40%.

This percentage refers to the total percentage of domestic car sales.

While gasoline-powered vehicles still dominate the market, the new energy vehicle sector is indeed becoming increasingly popular.

The construction of the second phase of the super factory is also to cope with the potential explosive growth of the new energy vehicle market in the future.

In terms of current sales of new energy vehicles, Tesla remains the undisputed number one.

One of our Maodou Y-brand products has firmly secured the top spot on the sales charts.

This is the foundation they've built up over a decade. Only the future boss would dare to say that he has everything they have; no one else would dare to shamelessly introduce it to consumers like this.

Good is good; only by respecting your opponent can you hope to surpass them.

Aside from Tesla's Model Y, the newly released P9 from Tengfei is the best-selling model.

Tengfei will release a maximum of two new models each year: one is an iterative product, and the other is an innovative product.

The P9 is a family-oriented SUV, while the newly released U5 is a coupe that young people prefer.

In terms of design, it is somewhat similar to the Audi S7.

For any coupe to look good, it's impossible to avoid the design of these three cars.

One is the Porsche Panamera, another is the Audi S7, and the last one is the Mercedes-AMG GT50.

Of these three cars, the Panamera is undoubtedly the best-looking and has the most distinctive features.

Anyone who tries to imitate it will be immediately recognized.

There will definitely be imitators in the future, but it's just unknown which car company will be it.

Unfortunately, it's unlikely that the Panamera can surpass it in terms of design.

Imitation is much simpler.

In comparison, the Audi S7 is also good-looking, but its distinctive features are not as strong.

The reason for not developing too many models is to concentrate the company's R&D capabilities and focus on upgrading and developing these two flagship products.

Upgraded annually, it will surely become a classic in a few years.

Some car companies like to create concept cars to attract attention, but Chen Pingsheng believes that it's nothing more than sensationalism.

They can't even sell regular cars well, so why bother with concept cars? Isn't it just a way to scam money from the capital market?
Some even went further, failing to even figure out how to build a ground-based car, and then went on to build a flying car.

Do you still think this is the 1990s, where ordinary people are so easily fooled?

Chen Pingsheng is determined to focus on one area. If he can perfect the P series and U series in another three years, that would be truly remarkable.

There's no need to bother with all that nonsense.

Consumers don't choose cars based on your company's gimmicks; they genuinely want to buy a safe and reliable car.

Competition in the new energy market is becoming increasingly fierce. They have been developing solid-state batteries for nearly five years and have made some progress.

Although it still cannot overcome the drawback of excessively high costs, the cost has been reduced from more than three million to one million per unit.

It still cannot meet civilian standards.

Solid-state batteries are the same type of batteries used in mobile phones. The key to applying this technology to automobiles is to reduce costs.

In five years, he has invested over 70 billion yuan in research and development in this area.

It still falls far short of the standards for the use of new energy vehicles.

How long it will take to break through is completely unknown.

Maybe three years, maybe five years, who can say for sure?
All Chen Pingsheng could do was trust the top R&D engineers he hired every year, even though he spent so much money on them.

If it takes ten years to make this, then there's really no way to explain it.

(End of this chapter)