Chapter 109 Two leaders in two sectors
With a valuation of one billion US dollars, even if Li Bing is sold, NIO is not worth that much money.
In fact, he invested only 20 million US dollars, and then adopted the AB equity structure model.
To put it simply, investors provided money for Li Bing to start a business, but one share of his shares could be used as five shares to ensure control.
The US$100 million financing means that apart from his own 20%, he will sell the remaining 80% of the shares.
There is a funding gap of US$20 million. If Lu Liang eats up all of it, he will own 20% of NIO shares.
But whether it can be cashed out is still unknown, because the pit is too big and far away, and there is a high probability that it will be in vain.
Otherwise, like Goose Factory, JD.com, and Hillhouse, they have the ability to take up shares, but they only invested ten or twenty million on a trial basis.
And it was Li Bing’s face that made them invest ten to twenty million US dollars.
After all, the founder of Bitauto has successful experience.
If it's a newcomer who knows nothing and knows nothing, they probably won't even bother to take a look.
Lu Liang pondered for a long time: "I will pay 10 million US dollars, and you can figure out the rest yourself."
He was almost out of money. He originally had 310 million left, so he bought it. There was only 300 million yuan left in the house, and 16 shares were later subscribed for a total of 32 million US dollars, equivalent to 203 million soft sister coins.
The available funds are less than 100 million.
If you invest 10 million US dollars now, you will only have more than 30 million soft girl coins left in your pocket. I am afraid you will have to save some money in the future.
There are still more than 80 million in private placement, but he plans to keep that money in the financial market and does not plan to make venture capital.
After all, if he wants to vote, he must vote for himself.
The pitfall of new energy vehicles is too big. He doesn’t even plan to officially enter the market unless he prepares more than ten to two billion US dollars.
Li Bing was overjoyed and shook Lu Liang's hand: "Thank you, Mr. Lu. Thank you very much."
He had low expectations for Lu Liang. After all, they had only met once before. .
Just with the idea of giving it a try, the upper limit of expectations for him is only 5 million.
Unexpectedly, it doubled directly.
"Mr. Li, don't be in a hurry to thank me. I want to know what conditions they have put forward at Jingdong Goose Factory?"
Lu Liang smiled, someone said that venture capital money, no It's so easy to take, but it should never be taken unless absolutely necessary.
Even if you want to take it, you must ensure that the company has enough funds in its account to support its operations and guarantee its bargaining power, so as not to be manipulated by venture capital.
The new policy on new energy was about to be announced, and Li Bing probably couldn't wait any longer, so she found him whom she had only met once.
Lu Liang has bargaining power. He wants to know what conditions those institutions have put forward, and he also wants the same rights.
"A board of directors will be formed after the B round. If you follow the next round of investment, you will have a director seat and participate in the company's decision-making."
Li Bing told the truth, as well as the agreements he signed with major venture capital institutions Gambling agreement.
Within eight months after the completion of Series A financing, the first concept car must be launched.
If not, all funds will be returned with interest.
Lu Liang understood: "Mr. Li, I wish us a happy cooperation."
"Happy cooperation."
Li Bing smiled, this kind of thing, he founded Bitauto has already experienced this.
Capital pursues profit, they are like an iron whip with a hook, and the gambling agreement is like a red line.
If the bet is completed within the regulations, the whip will naturally not fall. Otherwise, the flesh and blood will be rolled up every time the whip is struck.
Monday, September 6th.
Li Bing came to Tianxing Capital, signed the subscription contract, and waited for the press conference at ten o'clock.
He couldn't help but be curious: "Mr. Lu, do you have so much free time? Once the New Deal is announced, there will be riots in the new energy sector." As far as he knows, Lu Liang still manages 100 million private equity, otherwise he Nor will Lu Liang be found to seek investment.
"Mr. Li, I have long said that I have always been optimistic about the development of the new energy industry." Lu Liang smiled lightly.
Li Bing suddenly realized that Lu Liang was not complimenting him at that time, but was really optimistic about this industry.
In this way, he must have made preparations long ago in order to sit firmly on the Diaoyutai.
Time passed by, Lu Liang brewed the Dancong sent by Lao Meng. He was led astray by Lao Meng. Since he fell in love with drinking tea, he rarely drinks coffee or Red Bull.
However, he did not resist this change,
Now that you have money, it’s time to take good care of your health.
At ten o'clock in the morning, the State Council held a press conference to announce the "Measures for the Parallel Management of Average Fuel Consumption of Passenger Car Enterprises and New Energy Vehicle Points", which will be officially implemented on January 1 of the following year and will be implemented on December 30 of the following year. The first settlement will be made on the day.
Unlike the United States, my country adopts a dual-point policy, fuel consumption points and new energy vehicle points.
To put it simply, the government assigns certain carbon dioxide emission points to each automobile manufacturer, whether imported, joint venture, or domestic, while increasing new energy vehicle points and allowing transactions.
Assuming that Wuling sold 100,000 fuel vehicles last year, it will only have a quota of 80,000 units this year.
Once it exceeds, you must purchase new energy points to offset them, or produce new energy vehicles yourself to generate points.
If the settlement date is a negative number, the company will be subject to corresponding penalties in the coming year, such as suspending the declaration and production of high fuel consumption products, etc.
“It’s really cruel, this knife cuts directly on the aorta.” Li Bing clicked his tongue in surprise, and also felt gloating about his misfortune.
He still remembers the original intention of founding Bitauto.com, which was that he couldn't get used to the arrogance of 4S stores, relying on poor information and inflated prices.
Later, Bitauto.com was established, integrating automobile manufacturers and distributors at all levels, making the prices of automobiles in various places more transparent.
Later, when Bitauto was launched, he also thought about transforming into a complete vehicle manufacturer, but traditional car companies were too arrogant.
They are like the smelly and hard stones in the pit, occupying the resources provided by the government, but they do not want to develop new technologies, nor do they want others to develop them.
The production license is like a natural barrier, keeping out all outsiders, who serve as both referees and players.
Until five years ago, the state promoted the development of the new energy industry, whether for environmental protection or energy security.
At that time, Li Bing saw hope. He kept waiting and waiting, and finally waited until this day came.
The dual-point policy is the country's determination to proactively cut off one arm of fuel vehicles in order to develop new energy sources.
As soon as the press conference ended, Li Bing's cell phone started ringing non-stop, and friends called him to ask for his opinion.
"Mr. Lu, if nothing happens, I'll leave first." Li Bing said and left in a hurry.
"Mr. Li, walk slowly."
Lu Liang did not see him off and came to the trading room next door.
All the traders looked at Lu Liang as if they were gods descending from heaven, with worship written all over their faces.
Lu Liang looked up with a smile on his lips.
The display screen on the wall was all red, and the entire new energy sector surged by 6.25%. The index rose by 92 points. The current new energy index is 1564 points.
Of the 54 constituent stocks, 31 have reached daily limit, and the remaining 23 stocks have a minimum increase of 2.32%.
Of the 11 stocks held by Lu Liang heavily, 9 of them have reached their daily limit. Only Ganfeng Lithium and Duofluo have only increased by 7.85% and 6.53%.
"BYD is about to take off." Lu Liang couldn't help but lament that the new energy policy will have the greatest impact on BYD.
Because he is the global leader in lithium batteries, he also produces and sells new energy vehicles, and he is a double leader in two sectors.
The points will be officially implemented next year, and BYD’s new energy points will definitely be the best.
If the country does not set a price limit for carbon credits, BYD will even have the bargaining power in the carbon credits market.
This is no longer pie-in-the-sky, but a gold mine suddenly sprouted at my doorstep. It is not surprising that the current market value of 162.1 billion will increase three to five to seven times in the future.
Thanks to 198215dai and clown mask xhh for the reward
(End of this chapter)