I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 212 Yang Chen Wants to Acquire Zotye

The five major banks used a total of 1250 billion euros to buy major large-cap stocks in all European stock markets, as well as stock index futures on exchanges such as London and Barry. The overall profit was about 85%, or 1062.5 billion euros.

As is customary, Yang Chen will receive half, which is 531.25 billion euros, or 4133 billion dragon coins according to the real-time exchange rate.

Sihai Investment has its own capital of 85 billion euros, and the EU lends Sihai Investment 500 billion euros. This means that Sihai Investment has invested a total of 585 billion euros to buy European stocks and stock index futures, with a total profit of about 82%, or 479.7 billion euros, which is equivalent to 3732 billion Chinese Yuan according to the exchange rate.

However, Yang Chen has no immediate plans to repay the 500 billion euros owed to the EU. He can still rack up rewards when they come to collect the debt.

As agreed, all the money lost by BlackRock and other companies in this operation should be given to Yang Chen, which means that the EU now has to give Yang Chen an additional 750 billion euros.

The five major banks transferred the converted dividends to Yang Chen's personal account, and then Yang Chen announced a 4000 billion yuan interest-free loan to Sihai Real Estate.

Yang Chen's purpose in doing this was to convert the debts that Sihai Real Estate owed to banks and suppliers into debts owed to him. When the time was right, he would announce that he would give up a portion of the debt, which would instantly reduce the group's debt ratio to below 50%, thereby fulfilling his betting agreement with the Jiangcheng Municipal Government and allowing him to fully own the 67% equity of Sihai Group.

He then injected more capital into Sihai Group, increasing his shareholding to over 90%, and used the injected capital to repay the remaining debts owed to him by Sihai Group.

The funds eventually returned to his account, but the equity he controlled increased.

perfect!

Monday's routine meeting.

After listening to the reports from the presidents of each branch office, Yang Chen issued a new notice to them: the salaries of all employees would be increased by another 10%.

"Huh? Chairman Yang, we can't raise wages any further. The cleaning ladies are already earning over 6000 yuan a month. If you raise it by another 10%, their wages will be over 7000 yuan. That's a bit outrageous," said Zhang Jingsong, president of Sihai Real Estate.

Sihai Property President Li Hong followed up, saying, "That's right, Chairman Yang, our current salaries are already the highest in the country. If calculated by purchasing power, we'd rank first in the world. We don't need to raise their salaries anymore; we should save the money to pay off our debts."

Yang Chen smiled and said, "I have a plan for the debt issue. Debts that I haven't approved can't be repaid. We've made too much money and can't spend it all, so why not raise employee salaries? Just do as I say, I know what I'm doing. When things reach a certain point, I'll naturally stop raising salaries. Graduation season is coming soon, so remember to recruit more college graduates and train them. Talent reserves are very important for the company's long-term development."

The presidents of each subsidiary nodded in response.

Soon, news spread that Sihai Group had once again raised salaries by 10% across the board. These kinds of things can never be kept secret. With hundreds of thousands of employees in the group, there are always people who like to show off in front of their friends and family. There's nothing that can be done about it.

Unsurprisingly, Yang Chen and Sihai Group are trending on social media again.

"Boss Yang, I'm begging you, please don't raise my salary. If you have so much money you can't spend it all, go ahead and keep a celebrity as a mistress, buy luxury cars, buy airplanes, squander it however you want, just don't raise my salary. My junior high school classmate works as a screwdriver at Sihai Intelligent, and his monthly salary is higher than mine, a master's degree holder. I'm so ashamed to face anyone."

"Why are you raising salaries again? What kind of boss are you? You raise employee salaries as soon as you make money. Can't you splurge a little for yourself? How about keeping a celebrity as a mistress? How about buying a luxury house? How about getting some antiques and paintings? If all else fails, why don't you learn from those rich people and buy property abroad? Can't you stop being so honest? You're so honest and kind to your employees, it really bothers me because you're not my boss."

"Good companies make money, and respectable companies win people's hearts. We're asking Mr. Yang to build a factory here and give us a chance to work for you."

……

After Yang Chen's actions, those business owners who like to frequently appear online are no longer willing to show their faces so often, because every time they do, they will be asked by reporters and onlookers what they think of Yang Chen always giving his employees raises. How should they answer that question?

If they support Yang Chen's actions, why don't they raise their own employees' wages?

If they do not support Yang Chen's actions, they will undoubtedly be condemned by the entire internet.

Naturally, Yang Chen was not well-liked among domestic business executives.

Fortunately, Yang Chen's main task now is to conquer overseas markets, so he doesn't need to mingle in domestic business circles.

In the afternoon, the EU transferred 250 billion euros to Yang Chen's personal account, and shortly afterward, EU President Tusk called Yang Chen.

Tusk said, "Mr. Yang, have you received the money? The 500 billion we lent to Sihai Investment doesn't need to be repaid to us. You can handle the repayment yourself. In addition to the 250 billion we just transferred to you, the 750 billion euros in losses from BlackRock and other companies are all yours. We have fulfilled our agreement. This cooperation was very pleasant, and I hope we will have the opportunity to cooperate again in the future."

Yang Chen smiled and said, "Mr. Tusk isn't joking with me, is he? We need to keep things separate. The 750 billion euros lost on Wall Street is supposed to be paid to me personally according to the agreement. The 500 billion euros you lent to Sihai Investment will be repaid by Sihai Investment. You also need to give me another 500 billion euros personally. We need to keep the company and personal matters separate."

Tusk quickly explained, "I know it's important to distinguish between companies and individuals. What I mean is that we're transferring the 500 billion euros of debt from Sihai Investment to you, plus the 250 billion euros we just transferred, so that's 750 billion euros to you, isn't it?"

"No, no, no, give me what you promised. The debt Sihai Investment owes you will be repaid later. Don't confuse the two. Let me remind you, if I can help you fleece Wall Street, I can help Wall Street fleece you in return. Don't mess around," Yang Chen warned, then hung up the phone.

As the president of the European Union, who would dare to speak to Tusk like that?

Tusk was furious, but the consequences were not serious at all, because he dared not disobey Yang Chen's wishes. He believed that Yang Chen would really dare to turn around and cooperate with Wall Street to reap revenge from the EU.

Three hours later, the EU transferred another 500 billion euros to Yang Chen's personal account.

Yang Chen immediately transferred all the money in his Euro account to the five major banks, which then converted it into Dragon Coins at the real-time exchange rate and transferred it to his domestic account. Another 5835 billion Dragon Coins were deposited into his account.

Not long after, Tusk called Yang Chen.

“Mr. Yang, the 500 billion euros have been transferred, and we have now fully fulfilled our promise. Can Sihai Investment repay the 500 billion euros it owes us now?” Tusk said.

Yang Chen said with a smile, "Look why you didn't say so sooner. The funds from Sihai Investment have all been transferred to the five major banks, and there's no money in the Euro account now. Just wait a little longer, and we'll return it to you when we have another opportunity to trade in the European stock market."

Tusk really wanted to crawl over and challenge Yang Chen to a duel, but he quickly said, "Mr. Yang, isn't this inappropriate? I've already given you the money that's owed to you in such a hurry, you can't just not pay back your debt."

Yang Chen quickly said, "What are you saying? You said you'd lend money to Sihai Investment, but you didn't agree on when it would be repaid. I didn't say I wouldn't pay you back; I'm just waiting for another opportunity to operate in Europe."

Tusk was speechless. At the time, in order to win over Yang Chen and help them retaliate against Wall Street, they were only thinking about lending 500 billion euros to Sihai Investment as soon as possible, but they did not agree on a repayment time.

Tusk said, "So when will you take over operations in Europe again?"

Yang Chen replied, "That's hard to say. I'll only know when to act when the opportunity arises. Okay, that's all for now, I'm going home."

Yang Chen hung up the phone immediately, and then the system issued a notification.

"The host refuses to repay the debt to the EU. The system rewards the host with a [fully autonomous new energy vehicle sedan]. The reward takes effect immediately."

New energy vehicles are definitely the future trend, and this reward is very practical.

The main reason why many people do not accept new energy vehicles is simply range anxiety, followed by inconvenient charging and high costs for battery replacement.

Most people will accept new energy vehicles as long as these problems can be solved.

Yang Chen quickly took out a USB drive from his pocket, inserted it into the computer, and carefully browsed the detailed technical information.

Since it is a technology rewarded by the system, it should naturally be different from the technologies that are already available on the market.

For example, in battery technology, the system rewards the legendary solid-state battery, which uses lithium-rich manganese-based materials for the positive electrode, lithium metal for the negative electrode, and electrolytes including lithium lanthanum zirconium titanium oxide, lithium lanthanum zirconium oxide, lithium aluminum titanium phosphate, lithium zirconium silicon phosphorus oxide, with a little lithium salt additive, and finally encapsulated with an aluminum-plastic film.

Ignoring scale and considering only technology and material costs, a solid-state battery would cost three times more than a lithium-ion battery of the same specifications. While the price of solid-state batteries could be significantly reduced if production scaled up and raw material costs lowered, they would still always be more expensive than lithium-ion batteries, regardless of cost reduction.

However, the higher price is justified. Current lithium-ion batteries typically offer a range of 300-800 kilometers, while solid-state batteries of the same specifications can easily exceed 2000 kilometers, eliminating range anxiety.

One reason why many people are reluctant to buy new energy vehicles is safety. Current batteries may catch fire or explode if they are hit, but solid-state batteries use solid electrolytes that can inhibit the growth of lithium dendrites, making them less likely to burn or explode, with no electrolyte leakage and no side reactions at high temperatures, resulting in extremely high safety.

Many families lack the means to install charging stations, and charging outside is expensive. If car manufacturers also provide battery swapping services and set up sufficient swapping stations in major cities, users will have no worries.

While organizing the technical data, Yang Chen was also thinking about business models.

It was already past closing time, but Yang Chen was still busy organizing documents.

Chen Xi walked in, nestled into Yang Chen's arms, and asked, "Are you still busy? It's time to get off work."

Yang Chen said with a smile, "I'm not finished yet. Why don't you guys go home first? Don't wait for me to eat, just leave me some."

Chen Xi immediately shook her head and said, "No, I want to go home with you. You go ahead and do your work, I won't bother you anymore, I'm going back to my office to scroll through Douyin."

Just as Chen Xi got up, four female bodyguards responsible for protecting Yang Chen walked in.

Zhuoyue said, "Mr. Yang, you are safe here now. Can we return to our unit?"

Yang Chen immediately said, "Huh? You're leaving? No way. It's perfectly reasonable for someone of my status to have four bodyguards."

Zhuoyue smiled and said, "Mr. Yang, if you need bodyguards, you can hire professional bodyguards. We also have the task of protecting high-ranking officials and foreign guests."

Yang Chen said, "I value your ability to protect high-ranking officials and foreign guests. I wouldn't trust anyone else. Here's what we'll do: I'll give Zhang Fengnian a call and tell him that the four of you will be working for me from now on. I'll double your current salaries."

Yang Chen picked up the phone and called Zhang Fengnian, the team leader in charge of reporting.

"Hey, Captain Zhang, I'm very satisfied with the performance of Zhuo Yue and the other three, and I really admire them. After spending so many days with them, I can't live without them anymore. So I'm asking you for a favor. I hope the four of them can leave your bodyguard team and work for me from now on. Is that alright?" Yang Chen said bluntly.

Zhang Fengnian immediately smiled and said, "I wouldn't dare refuse Chairman Yang's request. However, their status is special, and I can't make the decision on my own. How about this, I'll report to my superiors and ask for their approval. If they agree to release them, I'll sign off on their release immediately. Is that alright with you?"

Yang Chen smiled and said, "Okay, no problem. Then you should ask for instructions as soon as possible. I'll wait for your news."

I'm not bragging, but given Yang Chen's current status and demonstrated abilities, let alone four bodyguards, even if he asked for forty, we would absolutely do our best to satisfy him.

Zhang Fengnian quickly called Yang Chen back.

"Haha... Chairman Yang, the leadership has agreed to let the four of them work for you, and I'll sign their severance notices right now. However, the leadership also said that the four of them can only work for you; if you don't need them anymore in the future, you'll have to bring them back," Zhang Fengnian said.

Yang Chen laughed and said, "Captain Zhang, look, aren't you insulting me? These four can't work with me anymore, so I'm going to kick them out? Am I that heartless? As long as they agree to work with me, I'll support them for life."

"Haha... Okay! Everything will be as Chairman Yang wishes. I'll sign the severance notice now, and then I'll send it to them along with their personal belongings," Zhang Fengnian said with a smile.

"Okay, that's settled then. Bye," Yang Chen said, and then hung up the phone.

Yang Chen smiled and said to Zhuo Yue and the other three, "It's all settled. From now on, the four of you will be with me. Zhang Feng will send you your severance notices and personal belongings together at the annual meeting."

Zhuoyue and the others looked at each other, then smiled and nodded to indicate their acceptance.

The technology is now available, and we can restart the new energy vehicle business.

Early in the morning, Yang Chen instructed Chen Xi to register a new company called Xingchen Automobile Co., Ltd., which would be wholly owned by Yang Chen with an investment of 200 billion yuan. After the company was established, it would acquire Sihai Automobile for 1 yuan, and Sihai Automobile's debt would be transferred to Xingchen Automobile. Sihai Group would divest its new energy vehicle business and also get rid of more than 100 billion yuan of debt.

Others try to pay as little registered capital as possible when registering a company, so that they can pay less money in the event of bankruptcy liquidation.

But Yang Chen is different from them. Yang Chen wants to tell everyone a principle: even if the company goes out of business in the future, he will use the 2000 billion yuan registered capital to compensate all suppliers, employees and consumers. Everyone can fully trust Xingchen Auto's strength.

Sihai New Energy Vehicles is just an empty shell; it has no production line and no R&D personnel. Starting from scratch would be too slow; it would take at least three years before it can be mass-produced and launched on the market.

For Yang Chen, who is not short of money, wasting time waiting is unacceptable, so he plans to acquire a car company with production capacity and get started right away.

After some deliberation, Yang Chen finally chose Zotye Auto.

Zotye is barely hanging on by a thread; it has no place in the automotive market anymore. Rather than letting it continue to eke out a living, it would be better to hand it over to Yang Chen to run.

Yang Chen posted a Weibo post and tagged Zotye Auto.

"I'm planning to manufacture cars. To save time, I'd like to directly acquire a car company that has both production capacity and some R&D capabilities. I've set my sights on Zotye and hope that Zotye's shareholders will discuss whether to sell to me and give me an answer as soon as possible."

Since Yang Chen acquired Weibo and Red Book and invested in Douyin, he has gradually come to realize the importance of traffic in today's self-media era.

Entrepreneurs like Luo Jun of Da Mi and Zhou Zong of 360 are deliberately building their personal brands. Yang Chen is also fully capable of building his own personal brand now. He should make good use of his good reputation among the public, which can save hundreds of millions of yuan in advertising costs.

If Luo Jun says that DaMi is going to make cars, will DaMi Cars need to do any special advertising?
No need at all!

This is the effect of traffic.

Therefore, Yang Chen needs to start promoting Xingchen Motors now, and using Weibo for work is essential.

As it turned out, Yang Chen's choice was correct, and soon tens of thousands of netizens left comments on his Weibo post.

"Mr. Yang is finally going to build cars! Congratulations! I hope he can build a car that everyone will love."

"Mr. Yang, are you going to make new energy vehicles? It feels like new energy vehicles are already flooding the market, and the market is almost completely divided up. If you enter at this time, and your product doesn't have extremely strong competitiveness, I'm afraid it will be difficult to break through. People like you, but your car has to be powerful enough, otherwise not many people will spend hundreds of thousands to buy it."

"It's good to be rich. If you want to build cars, you can just buy an existing company and save a lot of preparation time with money."

"Damn! Zotye is finally making a comeback, it turns out, it actually caught the eye of Mr. Yang. Mr. Yang, I just have one question, can Zotye actually produce a proper Zotye?"

……

Netizens were really supportive, or rather, Yang Chen's popularity was still high. Soon, the topic "Boss Yang is going to build cars" topped the trending search lists on various platforms. The advertising effect from just this one Weibo post was worth 100 million yuan.

Zotye issued an announcement at 4 PM, stating that an extraordinary general meeting of shareholders will be held at 3 PM the day after tomorrow to discuss matters related to the sale of the company to Yang Chen.

At that moment, a call came from Pakistan to Yang Chen...

(End of this chapter)