Tech startup: I really do make mobile phones!

Chapter 92 Yuancheng New Energy

"Mr. Xu! I will invest another 1000 million yuan to convert the existing liquid lithium production line into a gaseous lithium production line and add a new medium-sized laser etching production line."

A small production line can produce 3 pieces, and a medium-sized production line can produce 5 pieces.

If you add these together, a battery factory that produces 8 batteries a day is already considered a medium-sized factory.

When Chen Mo uttered these plans, it was like a spark falling into a gasoline drum, suddenly reminding Xu Mingyuan of the passion he had when he first started his business.

He was unwilling to return to North America in disgrace after losing only a small amount of money, ashamed to face his wife and children.

"President Chen! I choose the second option, retaining 15% of the company's shares. Actually," Xu Mingyuan gripped his pen tightly, "President Lian just offered an even lower price!"

Lin Junfeng slammed the plain ring in his hand onto the table. He had made a mistake; he had asked for too much.

Is that old bastard from BTD really not here to help Xu Mingyuan raise prices?
"Attorney Lin! The equity agreement."

Chen Mo smiled nonchalantly; spending a little more money and saving time was a bonus.

Moreover, Chen Mo had prepared a full 1500 million yuan in cash for Lin Junfeng, and he only spent 800 million yuan to gain absolute control, which can be considered a successful completion of the mission.

In many things in life, getting things done is more important than achieving perfection.

Besides, Lin Junfeng's 15% depreciation rate is nonsense. Yuantu New Energy's contract manufacturing for half a year couldn't possibly be operating at full capacity!
Moreover, it would be good to tie Xu Mingyuan down with a portion of the shares, so that he would stay.

Later, Chen Mo will invest another 1000 million yuan to upgrade and add new production lines, and Xu Mingyuan, a minority shareholder with 15% of the shares, will also have to contribute 170 million yuan in proportion.

It's highly likely he won't be able to come up with the money, and his 15% stake in Yuancheng will be diluted again.

The reason why he was willing to let the other party retain the shares was mainly because Chen Mo had no one to oversee Yuancheng, so it was better to make do with the original General Manager Xu from the factory.

When Xu Mingyuan pushed the signed agreement over, his knuckles were a little white.

"President Chen! I hope you will take good care of me in the future!" Xu Mingyuan seemed to breathe a sigh of relief.

Although my own entrepreneurial venture wasn't very successful, at least I managed to ride on someone else's coattails.

"President Xu! There's no need to be so formal in private. Professor Jiang and my mentor are equals. In fact, I should call you Senior Brother Xu!"

Xu Mingyuan gave a bitter smile and softened his voice: "President Chen, you flatter me!" He was well aware of the current situation; the other party was the boss and could be polite, but he couldn't be.

No! I'm not trying to flatter you.

Chen Mo smiled and waved his hand to interrupt him, casually writing on the long-distance data, turning the long-distance data into a long orange color.

"I'll leave the word 'far' out, because I'll need you, Senior Brother Xu, to steer this company from now on!"

Xu Mingyuan looked up, his eyes slightly warm: "Thank you."

"Don't call me President Chen!" Chen Mo slammed his hand on the table with a laugh. "Call me Junior Brother!"

He grasped Xu Mingyuan's hand: "Yuancheng is our own factory, so please skip the formalities, Senior Brother Xu!"

Xu Mingyuan gripped his hand tightly and straightened his back.

"President Chen! Leave the production line upgrade to me. Let's start tomorrow!"

"That was efficient!" Chen Mo pulled out his phone. "Senior Brother Xu! Don't worry about the money. The funds will arrive today, so just go for it!"

It's quite dramatic. Orange Technology, with a registered capital of 100 million yuan, actually acquired a controlling stake in Yuantu New Energy, which was valued at 800 million yuan, for 1200 million yuan in cash, and even changed one of its names.

But does this Mr. Xu, or Senior Brother Xu, truly consider me one of his own?
never mind!

Chen Mo didn't have time to think too much; his main business was making mobile phones, so it was more important to get the battery sorted out as soon as possible.

The later-era tech cult—Orange Group, one of the seven famous oranges, officially launched Yuancheng New Energy.

First Sect Leader - Xu Mingyuan
MIT Materials Science PhD

Formerly a senior researcher at Bell Labs (North America)
He returned to China and founded Yuantu New Energy, serving as its CTO. After six months of operation, the company faced financial difficulties.
Following the strategic acquisition by Orange Technology, he became the first general manager of Yuancheng New Energy.

The office break area.

The assistant was reporting the latest news from the information department to General Manager Lian. "Chengzi has a pilot production line for gaseous lithium batteries in Ningbo. Chen Mo went to discuss increasing production the day before yesterday, but they couldn't reach an agreement, and the two sides had a falling out."

Lian Zong chuckled as he rubbed his cufflinks, a glint of shrewdness flashing in his eyes.

You see, this is exactly the bargaining chip he's been waiting for.

"Chengzi's intention in acquiring Yuantu is quite clear." President Lian tapped the data on the tablet with his fingertip: "This President Chen wants to build his own gaseous lithium battery production line to get rid of his dependence on Ningde!"

Before he could finish speaking, President Lian noticed that the conference room door had been pushed open.

Chen Mo was in front, and Xu Mingyuan was half a step behind. The latter raised his hand to call out to the core team.

"Listen up, everyone! Starting today, Yuantu will be officially merged into Orange Technology and renamed 'Yuancheng New Energy'!"

With Xu Mingyuan taking the lead, everyone burst into applause.

Amid the applause, someone secretly wiped away sweat; just last week they were still secretly preparing their resumes, looking for better opportunities while still employed.

As Chen Mo exchanged pleasantries with the employees of Yuancheng, General Manager Lian greeted him with a polite smile.

"President Chen's decisiveness is astounding! Congratulations to Orange Technology for adding another powerful member to the family!" He gestured to the side of the conference room: "May I have this room to myself?"

Chen Mo and Lin Junfeng exchanged a glance: "Attorney Lin, please come along too!"

The four filed in, and the moment the meeting door closed, the assistant quickly pushed the letter of intent for licensing the nitride patent in front of President Lian.

Twenty minutes later, the BTD van slowly drove out of the factory area.

The assistant saw Chen Mo standing at the door in the rearview mirror, his inexpensive polo shirt billowing in the wind, revealing the tool belt around his waist.

"Do they really think they got a good deal?" the assistant muttered under his breath.

President Lian turned his cufflinks, his gaze falling on the engineer dispatch clause in the contract.

“50 engineers, plus two production lines, this deal,” he suddenly laughed out loud: “What this Mr. Chen wants is for our engineers to help him get the production lines up and running as soon as possible, while what we get is the future of solid-state batteries.”

Mr. Lian felt that Mr. Chen had put the cart before the horse. With exclusive technology like gaseous lithium batteries, why wasn't he focusing on developing the battery field instead of getting into making mobile phones?

Chen Mo: If I don't work on mobile phones, how can I further develop gaseous lithium battery technology?

The screen of the laptop embedded in the car lights up, and a CAD design drawing of a medium-sized PACK gaseous lithium battery production line is loading, with a red annotation of 860 million yuan for a single line that is particularly eye-catching.

Two such medium-sized PACK gaseous lithium battery production lines will be built by BTD for Yuancheng New Energy.

It involves exchanging two PACK production lines, valued at approximately 1800 million, for a two-year exclusive license to the patent for the nitride solid-state battery technology.

Despite its seemingly exorbitant price, BTD secured a two-year head start in the solid-state battery race.

Meanwhile, Lin Junfeng's Audi A6 has already entered the School of Materials Science and Engineering at Shenzhen University.

After completing the acquisition of Yuantu, Sister Gong had already returned to Huabei Qiang's small workshop.

Chen Mo leaned back in the passenger seat, the phone rubbing against his palm, creating a slightly slippery feel.

The piano lacquer finish on Orange 1 engineering plastics isn't all good; in summer, when your hands are sweaty, it's easy to slip and fall.

The 50 engineers supported by BTD include lithium battery equipment debugging experts and production line architects, all of whom are capable of tackling tough challenges.

With so many engineers, you could build not only a PACK gaseous lithium battery production line, but also other production lines by hand.

These same engineers, using leftover materials from the production line, managed to handcraft a mask production line for BTD, achieving self-sufficiency.

Chen Mo tapped on the car window with his fingers, his gaze sweeping over the younger students on campus.
As long as the laser etching machine from BTD arrives overnight, the old production line circuits can be disconnected, the new modules can be installed, and the parameters can be calibrated.
These steps raced through Chen Mo's mind, eventually settling on a 24-hour countdown.

My plan only requires purchasing 40% of the new equipment, and the transformation of that small production line of Yuancheng can be completed before sunset tomorrow.

"The day after tomorrow morning, Far Orange will be able to produce its first gaseous lithium battery."

(End of this chapter)