From knock-off old-man's electric vehicles to industrial giant

Chapter 193 The Shocking Luzhou Investment Group!
Jiang Xing is a veteran of Luzhou Industrial Investment Group.

Starting in 14, he began to formulate the grand plan for the fund.

He successively initiated the establishment of Guoyao Venture Capital Fund, and prepared for the establishment of Luzhou State-owned Oriental Venture Capital Fund and New Energy Vehicle Fund. He also served as the holding entity and manager of the city's high-tech seed fund and angel investment fund.

This series of actions established the parent fund system framework for Luzhou Industrial Investment Group and successfully created a fund group worth hundreds of billions of yuan.

By 17, his MVP record was verifiable.

Of course.

The rapid development was due to both risks and opportunities, and was inseparable from the policy and environmental foundation laid by the previous leadership.

After all, the essence of the Luzhou venture capital model is not VC at all, but large-scale all-in betting!
If we win, we'll be the next industrial cluster, and the city will take off!

Lost.

That's nothing. Tens or hundreds of billions of dollars have gone down the drain, and the whole group has to go to a conference to read their self-criticisms.

Getting to where we are today, seemingly by going all in on venture capital, has actually been a precarious journey.

And this time.

The name of Xingchen Motors appears on the detailed research data.

Developing a smart electric vehicle industry cluster locally is an essential option.

Not to mention this old man's car company, whose locally hatched chicken actually ran away to settle in Shandong. Their journey can only be described as a painful experience.

Fortunately.

Given Xingchen Motors' size, there's still a chance to secure a second production base.

The local elderly people's entertainment factory has also received a lot of subsidies from the government, so there is a close relationship between the two parties.

……

Xu Yi was considering his plans for the next extended-range SUV.

Its positioning and price are actually aimed at the best-selling SUV on the market, namely the Toyota Highlander.

Last year, the cumulative sales reached the 300,000 range, achieving annual sales of over 100,000 units.

This is already the best-selling mid-to-large luxury SUV in the 300,000 yuan price range.

The Li Auto One was designed with this goal in mind back then.

Despite a less-than-ideal start, they still managed to achieve annual sales of 30,000 units.

Xu Yi's minimum expectation is 50,000 units for the whole year.

If the market performance is better, and the sales volume reaches 80,000 or 100,000 units in the first year, that would be the best outcome.

Their timeline and accumulated R&D technology are far superior to those of the Ideal One from back then.

If there are no bottlenecks in production capacity, but we cannot achieve outstanding sales volume.

Wouldn't that mean all the research and development would have been for nothing?

If all goes well, this car will be named "Starry Sky L7", with L8 and L9 to follow, encompassing the high-end segment of the extended-range vehicle market, targeting prices from 30 to over 50.

This series of models alone could potentially consume 300,000 to 400,000 units of annual production capacity.

Both battery production capacity and the second 4.0 production base need to keep up with the pace.

In addition to developing high-end Starry Sky mecha sports cars, Xu Yi also had a rough idea in mind for developing a pure electric vehicle priced at 100,000 yuan for the lower-tier market.

All of this rapid development is inseparable from the strong support of the local government.

5 month 15 day.

That afternoon, Xu Yi led his men back to Xingchen Automobile Factory to plan the expansion of the new factory.

They also met with the visiting leaders and the Luzhou Industrial Investment Group team.

Xu Yi shook hands with Mayor Zhang Zhanyun, Chairman Jiang Xing of Luzhou Industrial Investment Group, and a group of other leaders.

"Mr. Xu..."

After shaking hands, their gazes lingered with a palpable intensity. Zhang Zhanyun's burning desire lay in the city's goal of industrial development; if they could bring in Xingchen Motors, the expectation of achieving an annual production of 500,000 new energy vehicles by 2020 could very well be realized ahead of schedule.

What Xu Yi was most excited about was not knowing what conditions Luzhou was prepared to offer.

He had a clear expectation: the Luzhou logistics hub was a top choice for a second production base, both in terms of its geographical location and the completeness of its industrial chain.

Neither of them spoke.

"Xingchen's ability to make micro electric vehicles famous overseas has truly exceeded our expectations and shattered many people's perceptions of low-end manufacturing." Zhang Zhanyun paused for a moment, deciding to start with the elderly people's car.

"Regarding the expansion of low-speed electric vehicle production, the city has adjusted the new industrial land use plan and departmental tax exemption support standards to ensure more standardized development of the industry."

He said with a smile, scanning the production lines inside the factory.

Under pressure from the central government, many localities have suspended subsidies for non-compliant tricycles and unlicensed four-wheeled vehicles, and even many of the original "local permits" have been canceled.

Of course, companies like Xingchen Automotive, which have local parts supply exceeding 100 million yuan, can still receive corresponding tax incentives and supply chain subsidies.

After all, it is one of the "pillars of people's livelihood" of local industries.

Moreover, Xingchen is now selling heavily overseas, which generates foreign exchange for the country.

They deserve preferential treatment.

"You flatter me, leader. We were just lucky to discover this overseas channel, which is how we were able to make it happen," Xu Yi said modestly, a rare occurrence for him.

Zhang Zhanyun said meaningfully, "Selling one car might be lucky, but if every car can be a bestseller, that's no longer just luck..."

"Mr. Xu, I heard that your 4.0 factory has already reached a production capacity of nearly 20,000 units per month. I wonder what your plans are for your next new energy vehicle, what its positioning is, and what the expected production capacity will be after its release?" Jiang Xing took the opportunity to steer the conversation by asking questions.

Many factories designed according to the 4.0 standard are considered extremely successful if they can deliver tens of thousands to hundreds of thousands of units per year.

After all, production capacity is production capacity, and the market is the market.

If consumers don't buy, then we can only produce at the minimum capacity.

They were really envious of the performance of the Star Mini and Star S7, but unfortunately they were both based in Shandong.

They are currently very curious about Starry Sky's next car.

"Our next model is still in the R&D phase, and we expect it to be positioned in the luxury segment above 300,000 yuan. If we were to add a target... let's aim for annual sales of 50,000 units!"

Xu Yi remained conservative in his statement.

Even if his target is 80,000, saying the actual figure of 50,000 is still more credible.

After all, this goal is still too ambitious for domestic brands at present.

Only when it is actually realized will it seem less unreal.

The voice just fell.

The leaders present seemed to breathe more heavily.

Take less? !
Over 300,000? 50,000 units sold annually?

Other emerging electric vehicle companies are unlikely to make such a statement.

Especially those companies with no outstanding team or technology, that immediately try to compete in the 300,000 to 500,000 yuan market segment.

Most people would consider investing in a particular place to be a boast.

But coming from Xu Yi, this statement is probably at least 50% credible!
During the period of Xingchen's rise, its battery production capacity and related technology chain alone have surpassed those of their local company, Guoxuan High-Tech.

It has become one of the top-tier battery manufacturers in China.

This is not only a new energy vehicle company, but also a top-notch battery company.

What a great company...

If it actually succeeds.

As I thought about it, I couldn't help but slap my thigh in frustration!
……

(End of this chapter)