The Birth of Shanghai's First Conglomerate

November arrived in the blink of an eye.

The Hengda Loan incident has caused widespread panic throughout the real estate industry.

After Chen Pingsheng finished dealing with the unfinished buildings of her relatives, Tang Jing actually reported to her that many employees had also bought Hengda's off-plan properties.

Now they are facing the same result of not being able to receive their houses.

Tang Jing wasn't asking him what to do; he was just bringing up the matter.

To be honest, he had warned the group's employees as early as 18 or even earlier not to invest in houses anymore, and even less to try to speculate on houses.

However, many people with genuine housing needs still ended up buying unfinished buildings.

He didn't even know how to evaluate it.

Chen Pingsheng couldn't manage or control this matter, mainly because he had too many employees.

By the end of the year, it is expected to exceed one million.

Moreover, just this month, the deputy mayor of Shanghai who went to Jinshan asked him if he had any plans to list Tengfei New Energy on the stock market.

If available, Shanghai can provide a quota to support Tengfei New Energy's listing.

To date, Tengfei is also the best-selling new energy vehicle in China.

They also have a strong reputation and the highest investment.

If it goes public, I believe many people will be looking forward to it.

The only pity is that the highest valuation given by the capital market is between 1500 billion and 1800 billion.

It looks good, but in fact it's not as good as the principal he's invested over the years.

If he goes public at this valuation, he won't even be able to recoup his principal, let alone anything else.

The primary purpose of going public is to raise funds and cash out.

Clearly, Tengfei New Energy does not have this need.

Moreover, it will not seek an IPO with a valuation of less than 200 billion.

Leaving aside Tengfei New Energy, he actually wants to take Tengde Times public first.

He has invested no less than 80 billion yuan in this battery factory, and has made great progress in the research and development of solid-state batteries.

They have already managed to reduce the production cost of solid-state batteries to around 600,000.

In another three years, perhaps we can reduce it to 300,000.

Once the cost threshold of 300,000 yuan is met, it can be used in pure electric vehicles priced at 800,000 yuan.

Battery costs have always been a major expense in new energy vehicles, and it is hoped that the production cost can be reduced to 300,000 yuan.

Then he will truly have a core foothold in the new energy vehicle market at the 800,000-yuan level.

Tenda Technology could also leapfrog into becoming one of the world's top battery manufacturers.

This step seems easy, but it actually involved an investment of over 80 billion yuan and took six years to complete.

Most people would have given up long ago.

Without truly core technologies, neither Tengfei New Energy nor Tengde Times can surpass a market capitalization of 200 billion yuan.

Not to mention the AI ​​companies he's invested in.

AI intelligence itself also includes a series of core technologies such as chips and intelligent driving.

He also invested a lot of money in this area and spent four or five years on it.

We don’t know what the future holds, but one thing is certain.

Batteries, automobiles, AI, and other technologies will be spun off and listed separately, and will not be merged into one company.

Tang Jing also had another important report: the Tengying Jinshan Super Villa District had been completed.

Spanning over 200 acres, the complex comprises 228 villas.

These villas are not sold to ordinary employees, but to the group's senior management.

As the group's senior executives earn high incomes, their requirements for accommodations are naturally also high. Chen Pingsheng had planned this as early as last year, but it was only completed this year.

From land purchase and planning to construction, he spent a total of 5.6 billion yuan.

This type of villa area is also known as Tengying High-end Talent Housing.

We just need to finalize the list of names before we can start selling.

Tang Jing said, "Boss, this is the purchase list drafted by the group's human resources department. If you think it's okay, then we can proceed."

He definitely acquired land at a lower price than most real estate developers, and his construction costs weren't too high either.

Each villa is priced at only 30 million, and buyers can also obtain interest-free loans from the group.

This will greatly reduce their purchase costs. Ever since the news of the villa complex's construction began circulating within the group, countless people have signed up.

Now that it's built, all that's left is to wait for the quota to be determined before you can participate in a lottery to buy a house.

Of course, while you can get an interest-free loan for the house, you still need to pay half of the down payment.

As a senior executive of Tengying Group, he could easily come up with 15 million.

Taking 30 million at once is quite a strain.

Chen Pingsheng glanced at the list and, after confirming that nothing was missing, said, "You decide what to do. They can't choose the houses themselves; they have to draw lots."

Thirty million is enough to buy a villa in Jinshan, but his villas are particularly large and all have a uniform style of decoration.

In addition, all the home appliances are fully equipped, ensuring you can move in immediately with just your suitcase.

Moreover, the cost of decorating each villa is no less than five million.

It's incredibly luxurious; you simply can't buy a villa of this caliber in Jinshan for the same price.

He paid for all the construction and land purchases himself, and he can quickly recoup billions of yuan after the sales begin.

It’s not bad.

Tang Jing blinked while holding the folder, then said, "Boss, can I buy a set too?"

"Your family already owns two houses, and you're your parents' only daughter. Do you really need to buy another house?"

"Of course."

Tang Jing pouted and said, "I've never lived in a villa before, so of course I want to buy one for myself now that I have the chance. I've also been to see those places, and I really like them."

"Sure, just add your name. Whether you get a good number or not depends entirely on luck."

"Hehe... Thank you, big boss."

Tang Jing immediately ran out happily. Ten million was not a big problem for her. If her salary wasn't enough, she could sell one of her houses.

A villa of over 1,000 square meters, isn't it more comfortable to live in than a small apartment in the city?
Her salary is definitely not low, at least two million a year, plus some small investments.

With an annual income of no less than three or four million, if I want to come up with a down payment of fifteen million in one go, I'll have to borrow some money from my parents.

The group's high-rise villa area has been unveiled, which is a major event for the entire group.

Many people are eagerly waiting to participate in the lottery to buy a house.

As for the second and third phases of the Tengying small-apartment high-end community, there's still no sign of them.

The main reason is that housing prices are currently declining. Even Chen Pingsheng believes that he will only be able to enjoy the lowest prices if he acquires land in two more years.

He can offer lower benefits to his employees if he can acquire land at a lower price.

In fact, he still makes some profit from building and selling houses, though it's very low.

The second and third phases of the plan will officially begin once Xiao Ya comes to Jinshan.

Consider it a graduation gift from him, her uncle.

After all, this is a project worth tens of billions of yuan; it's not just a simple number, but a remarkable achievement.

(End of this chapter)