Chapter 1049 I'm optimistic about you
It only took 1 billion Chinese dollars in cash and a bankrupt automobile production line in exchange for 20% of BYAT's equity.
Now with the rapid sales of BYAT F3, BYAT's market value has climbed from less than 7 billion Hong Kong dollars last year to nearly 40 billion now. Xu Liang's investment has increased nearly six times and he has made a lot of money.
Wang Chuanfu showed a trace of pride on his face.
Xu Liang saw this in his eyes and said nothing about avoiding arrogance and impetuosity and continuing to polish the product conscientiously.
Looking at the factories under construction in the distance.
“When will it be completed?”
“It is expected to be completed in May 2008. By then, BYAT’s annual car production will increase from the current 60,000 to 120,000. "Although 120,000 vehicles is a lot, BYAT's total sales will probably exceed this number in two years, but your plan is a bit conservative." br>"What you are saying is that in addition to here, we are also preparing to expand the automobile factory in Chang'an and build an additional automobile factory in Yidu with an annual output of 100,000 vehicles.
It aims to increase BYAT's annual car production to 300,000 vehicles by the end of 2008 or the beginning of 2009. "
Glanced at him.
"I thank you on behalf of the people in my hometown. "
"You are too kind. The main reason why BYAT chose Yidu is that Torch Group invested there and formed an auto parts processing zone. BYAT built a factory there, which can reduce production costs. . "
"Old Wang, you are still so upright. ”
If he hadn't said the above sentence, Xu Liang would definitely miss his favor.
“You own 20% of the shares in BYAT and are one of the company’s largest shareholders. I believe that if one day BYD encounters difficulties in its development, you will definitely not stand idly by.”
Looking at Wang Chuanfu's calm expression, Xu Liang burst into laughter.
“You have really considered everything.”
“I am telling the truth.”
Xu Liang patted his shoulder.
“Remember what you said today, and also remember how you did things today.”
Wang Chuanfu nodded.
He has always been consistent in his conduct and conduct.
The two of them walked forward along the hardened road in the factory area, one behind the other.
The secretary, bodyguard, and senior management of BYD followed two or three meters behind them.
“I heard that you are planning to take BYAT Electronics to the market?”
“Yes.”
“Can Hanhua do BYAT Electronics? Listed underwriter?"
"Yes."
Although Hanhua has only entered the securities industry for two years.
But there is the reputation and customer base that Xu Liang has accumulated for Hanhua over the years, and the foundation that Delong has laid over the years.
Hanhua Securities has developed smoothly at home and abroad.
It is now one of the most well-known securities companies in East Asia and Southeast Asia.
The pension funds, insurance funds, family offices and sovereign funds it cooperates with are all over the world.
There are more than 100,000 high-net-worth customers.
It is easy to list BYAT Electronics with a valuation of no more than 5 billion Hong Kong dollars.
"Mr. Xu, after lunch, can you give a brief speech to all our BYD employees?"
"Is this your request?"
“Yes.”
"Okay, I agree."
"Thank you, Mr. Xu."
Xu Liang smiled, "What do you think of Torch Group?"
"Very good ."
"Only two words?"
Wang Chuanfu: "My understanding of Torch is only superficial. So I can only give some superficial views.
The Torch of XCMG was acquired, spanning heavy-duty vehicles, construction machinery, auto parts, and gardens The total annual revenue of the three sectors of machinery and power tools exceeded 50 billion Chinese dollars, making it one of the largest industrial groups in China.
It is indeed very good."
Xu Liang looked at him. At first glance, "You are an honest person."
"You have given me a reward."
"What do you think if BYD and Torch merge?"
Wang Chuanfu stopped suddenly, his calm face showing disbelief.
“Are you...serious?”
“Ask and hear your thoughts.”
“The scale of the Torch is too huge for Biati. ”
"I believe in your ability. If the two groups merge, you will still dominate."
"What about Peng Zhiyu?"
"Torch will retain the auto parts business, garden machinery business and electric motor business. The tool business is listed on the A-share market, and he is still the CEO of Torch Group.”
Wang Chuanfu was silent for a while.
“Torch is developing very well and has just acquired XCMG Group. I don’t understand why you want to split it up?”
After Xu Liang took a few steps forward, he suddenly stopped.
“I heard that BYAT has been developing hybrid vehicles since 2003, and is also developing pure electric vehicles? Can you tell me why?”
Xu Liang asked instead .
Wang Chuanfu glanced at him in surprise.
“BYAT itself started out as a battery manufacturer, so it is natural to consider the downstream industries of batteries, and automobiles are one of them.”
Xu Liang: "Mobile phones and computers are also one of them, but you have no choice."
"There are very mature manufacturers in the mobile phone and computer industries. BYAT has a weak foundation, and it is not necessarily possible to spend a lot of energy." If it can surpass others, let alone surpass it.
In contrast, electric vehicles are an immature blue ocean with great potential.
If BYAT can have a chance in it. With all the achievements we make, we can become a flagship company in this field.”
Xu Liang turned around and looked at this man with long-term vision, outstanding talent, and perseverance. "Have you ever considered that if electric cars are not mature for ten to twenty years, all your previous investment will be wasted."
“I have considered it, but the facts are not as exaggerated as you think.
Huo Torch also has a lithium battery business and is even doing research and development of electric vehicles. You should be very clear that according to the current situation of the battery industry Development.
In the next five to six years, the driving range of electric vehicles will exceed 250 kilometers.
Although it is still not as good as gasoline vehicles.
But if we make hybrid models, there is still a certain market.
Moreover, the cost of using electric vehicles is much lower than that of gasoline vehicles. In this era of high oil prices, some people who only commute to and from get off work in urban areas will consider buying electric vehicles.
So our investment will not be in vain, but it may take some time to recover the cost. ”
Xu Liang nodded.
Turn around and continue walking forward.
Wang Chuanfu also followed as before.
“Lao Peng is a very good professional manager. If the company is left to him, he can manage it well.
But he is not a pioneering talent and lacks forward thinking and Strategic vision.
The next ten years will be the most critical period of change in the automotive industry.
What I need is someone like you who can grasp the pulse of the times and execute it consistently. .
He is not such a person. "Xu Liang said slowly.
"So, I want to hand over Torch's heavy-duty truck and engineering vehicle business to you. You use half of the profits from these businesses to expand the heavy-duty truck and engineering vehicle markets, and half to develop electric trucks and electric buses as future technology reserves.
At the same time, it also supports the research and development and production of BYAT electric vehicles.
The management rights of the company are still in your hands. I won’t interfere and I don’t have time. ”
Xu Liang turned his head and looked at the man in front of him who was wearing ordinary black-rimmed glasses and had a calm expression.
"What do you think of my proposal?"
Wang Chuanfu looked thoughtful.
Through more than a year of cooperation, Xu Liang has indeed done what he said. In addition to supervising the finances, he has never asked about BYD's management.
Both parties have established a certain foundation of trust.
As a business operator, of course, he is also willing to make his business bigger and bigger.
In particular, Torch Heavy Duty Truck, a subsidiary of Torch Group, is one of China's three veritable giants, standing side by side with Dongfeng and FAW.
In the first half of the year, a total of 4,592 heavy trucks, 13,673 semi-trailers, and 19,932 Class II chassis vehicles were sold, with a total sales volume of nearly 40,000.
Overtaking Dongfeng and FAW, occupying 35% of the national heavy truck market.
Counting medium and light trucks.
The total sales volume of Torch’s truck business in the first half of the year was nearly 100,000.
Although it is not as good as BYAT's F3, the retail price of a heavy-duty vehicle exceeds 300,000 Chinese yuan.
In the truck business alone, Torch’s annual revenue has exceeded 20 billion Chinese dollars.
In addition to complete trucks, Torch also owns two major gold enterprises, Fast Gear and Hande Axle.
The former accounts for 60% of China's heavy-duty transmissions, while the latter supplies 40% of the country's heavy-duty axles, especially the main axles of heavy-duty vehicles.
There are so many multiple card companies across the country now.
The four companies that can truly independently produce heavy-duty gearboxes and heavy-duty axles are Torch, Dongfeng, FAW and China National Heavy Duty Truck.
Others are basically assembled cars.
It can be said that the revenue of Torch Heavy Duty Truck alone is close to 30 billion Huaxia coins.
It is more than double that of Biati now.
If we add XCMG Machinery whose total revenue exceeded 7.6 billion Huaxia Yuan in the first half of 2006.
All integrated, BYD's total revenue will exceed 60 billion Chinese dollars, and it will become one of the world's top 500 companies within one or two years of development.
As a business leader, who wouldn’t want to lead such a top company that can dominate the world!
Of course, there are good things and bad things.
Accepting Torch's truck and construction machinery business, Xu will become the undisputed major shareholder of BYD, occupying about 80% of the shares.
The founder's equity will become single digits.
If Xu Liang goes back on his word, he will lose BYAD, the company he founded.
Benefits and risks exist.
"Mr. Xu, I want to think about it."
"Yes, after all, the company has other shareholders."
"I will do it as soon as possible."
< br>
Smiling and patting him on the shoulder, Xu Liang said: "Don't be too anxious. Think carefully to avoid regrets in the future."
"Yes."
After lunch at Biati , took photos with the workers and then left.
"What time is it?"
Li Jinling looked at her watch, "There are still twelve minutes until half past three."
"Go and have a look at Penguin."
"Mr. Xu, I just contacted Penguin. Mr. Ma went to South Korea for inspection and was not in Pengcheng."
"For inspection in South Korea?"
< br>“Now the domestic game market is getting bigger and bigger, and many South Korean games are introduced into the country every year. Penguin is a pan-entertainment company, and games are the backbone.
And Penguin’s QQ space is developing well in South Korea.”< br>
In fact, QQ's business is developing well not only in South Korea, but also in Japan and the entire Southeast Asian market.
Basically, Facebook is mainly in Europe and America, while QQ is mainly in Asia.
Everyone develops their own territory and works together to suppress other community Internet companies in a tacit understanding.
Coupled with the support of Hongmeng, we have basically achieved the first place in our respective regions.
“Go home.”
"Yes."
(End of this chapter)