The Birth of Shanghai's First Conglomerate

March 11th.

Chen Pingsheng then took Tang Jing and most of the group's senior executives to visit the Tengde Times Battery Factory in Shenzhen.

He bought the factory for six billion yuan when he first started preparing to get into new energy.

Over the past five years, the company has invested more than 60 billion yuan in research and development, making it no exaggeration to say that it is the largest lithium iron phosphate battery manufacturer in the country.

Currently, it has applied for more than a thousand patents, all of which are related to the battery sector.

Tengfei New Energy's core business has always been solid-state batteries. Only after solid-state batteries are developed will Tengfei New Energy truly have the capability to enter the global market.

Instead of being limited to the domestic market.

Despite some people's enthusiastic praise, the overseas market does not yet recognize this type of pure electric vehicle from China.

Only people in China really enjoy riding electric cars.

If you want to go global, you can't compete with those century-old car companies without your own core technologies.

For electric vehicles to truly outperform gasoline vehicles, they must use solid-state batteries.

Otherwise, no matter how much you boast, it will be meaningless.

The reason is simple: refueling costs are not high abroad, while electricity costs are not low.

If you compare these two options, very few people will actually choose the tram.

As for the so-called intelligent driving features, gasoline-powered cars can also have them immediately.

Ultimately, it's because electric vehicles are only heavily supported domestically; there aren't any century-old car companies abroad that are actually involved in electric vehicles.

They even had electric cars a hundred years ago; they were just phased out later.

Chen Pingsheng has always been focused on the overseas market. He has invested hundreds of billions of yuan, not just to dominate the domestic market.

If a company cannot compete globally, it cannot be considered a top-tier automaker.

Based on this concept, Tengfei New Energy is quite grounded.

They did not become arrogant or complacent because they were second only to Tesla.

Along the way, the technical manager here introduced a lot.

The main reason is the research and development process of solid-state batteries over the past five years.

The top engineers involved in this core project include physicists, mathematicians, chemists, and others.

Those are countless.

In five years, the cost was reduced from over three million to around one million.

According to Chen Pingsheng's estimate, only by reducing the cost of this battery to below 300,000 yuan will it have a certain market potential.

In other words, it means that it can be used in high-end cars equipped with solid-state batteries.

The battery costs 300,000, so the selling price should be at least 600,000.

This is still far from enough to recoup the research and development costs.

Cars priced over 600,000 yuan actually have very limited sales.

In foreign countries, the Mercedes-Benz E300 is priced at $50,000.

A car that costs as much as 600,000 to produce has to compete with the Mercedes-Benz S-Class.

Without real strength to transcend the patriotic consumption of ordinary people, it would undoubtedly be very difficult to compete with S-class products.

Chen Pingsheng had no doubt that the product would sell well domestically, given the numerous preferential policies it enjoyed.

The cost abroad is definitely a bit different.

Whether it's brand power or other factors, this cost doesn't give it the potential to compete with the Mercedes-Benz S-Class in the same class.

We can only rely on time to see results.

After visiting the battery project here, he took his team to Guangzhou to visit several projects supported by the Dream Foundation.

Overall, it's quite good.

Time flies, and it's already mid-March again.

The outbreak in Wuhan hasn't ended yet, and it's starting again in other places one after another.

Many of Tengying Group's offline stores are opening and closing frequently, and if any location is affected, there will be no consumers.

People are getting sick more often now that life is better, and everyone avoids this stuff like the plague.

Every day, places are closing and opening everywhere. If things continue like this, it would be considered quite good if the entire group's traditional businesses could maintain a normal break-even point this year.

Chen Pingsheng has already prepared 20 billion there, so there's nothing to worry about.

He also urged the acceleration of the development of the health sector, aiming to create a new batch of health-related projects before the overall decline in consumption levels in traditional industries.

This is to offset future risks.

In mid-March, an unpleasant incident occurred at Lao Peng's house.

My cousin Peng Yu got cheated on. His internet celebrity wife couldn't stand being alone, and in just a short time since they got married, she's already cheated on him at least three times.

This is quite normal when you think about it. Female internet celebrities usually don't sell products or sing during their live streams.

He mainly relies on calling them "brothers" to get tips.

If the top spenders on the leaderboard don't maintain their spending offline, few of them will continue to do so.

The offline contact methods are self-explanatory.

Isn't it just a meeting at the hotel?

When Peng Yu first arrived, he performed quite well, but he didn't even attend his wedding because he married a female internet celebrity.

His internet celebrity wife was probably somewhat disappointed.

After getting married, he started doing live streams. He would sit there and call out "brother" a few times, and he could earn tens of thousands of yuan in one night.

To be honest, this way of making money really combines ancient begging with a social element.

The two divorced peacefully, but the woman left with nothing, which caused quite a stir in the family.

Regardless of whose family they belong to, it is strictly forbidden to marry an internet celebrity.

Anyone who sits there doing nothing but chatting to get tips from men is truly living up to the phrase "getting something for nothing."

The fact that these female livestreamers can easily earn hundreds of thousands of yuan every year is a tragedy of our times.

This also reflects a problem: many men really have a hard time finding women.

This is why people seek this virtual sense of existence online, also known as virtual emotional value.

According to Tencent Media's statistics, more than six million women entered the live streaming industry in the first quarter of 2020.

What kind of number is this?
The number of women joining the live streaming industry in a year will reach approximately 30 million.

Only a very small minority have talent; the majority do not.

No matter what you look like in real life, with a level 10 beauty filter on, you'll look like a beauty.

These figures also reflect the employment situation in our time.

Most people have focused their attention on short videos.

This year, the only listed company in the Tencent Film & Television industry that is still experiencing explosive growth is Tencent Media.

I don't know whether to be happy or sad.

Tengyou Media achieved a net profit of 1.6 billion yuan in just two and a half months.

The net profit for the whole year is expected to reach around eight billion.

This figure is so outrageous that even the secretary, Zhang Wanyi, often complains that Tengyou Media has more money than it can spend.

It can generate a net profit of 25 million per day.

Half of the revenue comes from product sales, another part from advertising, and the last part comes from union income.

This refers to the percentage of tips received by the streamer.

In this incredibly crazy era of short videos, the key is that this number is still growing.

Every day, there are at least 50,000 to 60,000 people who want to apply to Tengyou Media to become a live streamer.

One in ten people dreams of becoming an internet celebrity.

If 2018 was the best era for internet celebrities to gain traffic, then 2020 was the era of explosive growth for short videos.

From entrepreneurs and celebrities to street vendors selling kebabs, everyone wants to become an internet celebrity.

Even Chen Pingsheng said in a meeting that the era of youthful madness has arrived.

(End of this chapter)