Reborn since 1993

Chapter 870 Building momentum
After the acquisition of Kunpeng Power was completed, a celebration banquet was naturally held. Li Dongling, Guan Zhenming and others, as well as Ji Youren and other Kunpeng Power executives, went to a local hotel together.

"One billion RMB?"

As they were toasting each other, Ji Youren's eyes widened in surprise when he heard the amount of funds that Dongling Hi-Tech had prepared for Chitu electric bicycles.

Now Ji Youren finally understood why Li Dongling was willing to spend so much money to set up Kunpeng Company.

Li Dongling took a sip of Qilu's local wine and said to Ji Youren, "This funding is not only for the Chitu electric bicycle project, but also for Kunpeng Power Company!"

It is definitely impossible for all of the 1 billion RMB in funding to be given to Chitu electric bicycles. The funds used for Chitu will mainly be used to purchase land in Quancheng, recruit design and R&D teams, build production lines, establish a parts industry chain, etc.

On the contrary, the funding received by Kunpeng may be much more than that of Chitu electric bicycle, because the battery is the most core component of the electric bicycle!

"Mr. Li!"

After three rounds of drinks, Wei Taining, the general manager of Dongling Hi-Tech's automotive department, finally couldn't help but ask the question that had been on his mind for a while.

"In the future, will Dongling Hi-Tech's automotive division really develop electric vehicles?"

As soon as he finished speaking, the table fell silent. Chen Tao, Guan Zhenming, Ji Youren and others all looked towards Li Dongling.

"There is nothing absolute in this world. Who can predict the future?"

Li Dongling played with the wine glass in his hand and said, "Fuel vehicles will not be completely replaced in the future, but that does not mean that there will not be cars with emerging technologies!

Especially for emerging car companies that want to overtake the old car giants, they can only start from scratch! "

In the fuel vehicle industry, established automobile companies from Japan, Germany, America and other places have already established sufficiently large technological advantages.

From engines to gearboxes to chassis, companies such as Toyota, Honda, and Volkswagen have already established sufficiently large advantages and set up layers of patent barriers. It is not impossible for latecomers to surpass them on this track, but it is just too difficult and too slow!
In the electric era, when batteries replaced engines, the rules of the game changed completely. Everyone is on a new track. The advantages of old car manufacturers are gone in the face of emerging electric car manufacturers. Their performance may even be worse because it is difficult to turn around due to their large size.

When there is no need to consider the engine, there is more space inside the car, and emerging car manufacturers can also focus more on emerging technologies such as in-vehicle systems, smart driving, and automatic parking.

It even has all kinds of fancy functions, such as heated seats, heated steering wheels, refrigerators, color TVs and large sofas!

Li Dongling did not directly say that he wanted to let Dongling Hi-Tech's automotive department, but after hearing this, Wei Taining could actually guess some of Li Dongling's thoughts.

Looking at Li Dongling, Wei Taining said with some concern, "But no one knows whether the electric vehicle project can be successful. Safety is one aspect. After all, cars are different from Chitu electric bicycles. There are also issues such as technology, charging, and user acceptance."

Li Dongling laughed and said, "At present, Dongling Hi-Tech's automotive department must still focus on the research and development of fuel vehicles!"

After giving Wei Taining some reassurance, Li Dongling said, "But in addition to fuel vehicles, Dongling Hi-Tech's automotive department also needs to make some technical reserves.

Aren’t companies like General Motors and Toyota also developing hybrid and hydrogen-powered cars?!"

"The automotive department of Dongling Hi-Tech will also conduct research and development in these areas, including hybrid power and range-extended technology. Dongling Hi-Tech can launch some concept models to test the waters.

The wind in the automotive industry will change in the future, and Dongling Hi-Tech will not be eliminated! "

You have to eat one bite at a time and you can't become fat in one breath, especially in an industry like automobile that requires huge investment. It also requires the right time, place and people. Overseas automobile manufacturers have suffered losses of tens of billions of dollars, so you can see how dangerous it is.

Entering the market too early or too late is not advisable. Entering the market too early may make you a cannon fodder, but entering the market too late will cause all the meat to be snatched up by others and you will become someone else's meal. You must pay attention to the timing of entering the market and have the ability to enter the market to share the cake!

Li Dongling's plan for Dongling Hi-Tech's automotive division is to first develop fuel vehicles and then try to develop hybrid vehicles.

After Kunpeng Power has made a breakthrough in battery technology and charging piles begin to be improved, it will launch electric vehicles with extended-range technology and finally pure electric versions.

In the meantime, they launched concept cars from time to time, participated in some competitions, publicized them all over the world, and continuously built up momentum, and finally everything came to fruition.

Li Dongling has always followed the concept of keeping himself alive for the products under Dongling Hi-Tech. Only by surviving can he be qualified to do some fancy things!
It will take many years to enter the era of electric vehicles, and Dongling Hi-Tech's automotive department also needs to survive first. Only fuel vehicles can survive in the next ten years, and then launch corresponding products after the transition to the electric vehicle era.

Knowing Li Dongling's thoughts, Wei Taining was still a little worried, but he also knew that Li Dongling was not going to recklessly start developing and producing electric vehicles, which made him feel relieved.

If Li Dongling insisted on asking him to develop electric cars at this time, that would be a headache for Wei Taining.

...After dealing with the Kunpeng Power Company's affairs in Laizhou, Li Dongling, Guan Zhenming and others returned to Quancheng.

Li Dongling first accompanied Yao Luoying to participate in a charity event, which was equivalent to officially appearing in Quancheng. Li Dongling's public appearance also let the people in Quancheng know that the rumors about the Chitu electric bicycle project were by no means groundless!

A bus, followed by two trucks carrying various supplies, was heading towards a town several dozen kilometers away from Quancheng.

Also on board were personnel from the Propaganda Office of the Qilu Provincial Government, the Qilu Hope Project, the Quancheng Municipal Government Office, and Yao Zhengru's chief secretary Gu Yiliang.

Gu Yiliang came mainly because of Li Dongling and Yao Luoying. Today they were going to a middle school which was donated by the Zhixing Foundation, Qilu Provincial Government Propaganda Department, Hope Project and other parties.

When Li Dongling and Yao Luoying got off the car at the middle school, before the provincial government propaganda staff who were traveling with them could take pictures, a group of media reporters immediately surrounded them with cameras.

These media reporters had all gathered information and arrived in advance. In addition to local media reporters from Quancheng and Qilu, there were also reporters from other places who came to join in the fun.

"Excuse me, Mr. Li, is Dongling Hi-Tech really going to invest 1 billion RMB in a project in Quancheng?"

"Can you tell me about the specific project? How is it compared to the Torch Group project in Hanxi?"

"Which district in Quancheng will this project be located in?"

"Mr. Li, when will the project be signed?"

Li Dongling, who was protected by Yang Zhigao and a bodyguard, looked at the row of microphones and recorders in front of him. Li Dongling did not deny the Chitu electric bicycle project.

"Dongling Hi-Tech is indeed interested in establishing a new company in Quancheng!"

Li Dongling acknowledged the rumor, but did not reveal too much. After that, Li Dongling and Yao Luoying walked into the school.

When he arrived at the school gate, Li Dongling couldn't help but stop. The sign hanging at the gate clearly read "Zhixing Middle School"!
As part of the donation from the Zhixing Foundation, the middle school was named Zhixing Middle School, and the main teaching building in the school was also named Zhixing Teaching Building.

Similar Zhixing schools, Zhixing teaching buildings, libraries, and stadiums can be found in many urban schools in China. The Zhixing Foundation's donations to these places are equivalent to obtaining the naming rights.

In recent years, information technology buildings named Dongling Hi-Tech or Shenzhou have appeared in Pingyang University, Hanxi Jiaotong University, Yenching University and other universities. Most of them are computer teaching buildings donated by Dongling Hi-Tech, including the computers, projectors and other teaching equipment inside, which were also donated by Dongling Hi-Tech.

"President Yao!"

Yang Wende, the principal of Zhixing Middle School, brought several middle school administrators and spoke to Yao Luoying first with excitement on their faces.

The teaching building of this middle school was already old and dilapidated. As the principal, Yang Wende ran around to raise funds to rebuild the teaching building, but after several years, he did not raise much money.

When the entire middle school was facing closure, the Zhixing Foundation began to cooperate with the Hope Project and the propaganda and education departments of various provinces to donate educational materials and teaching equipment to various parts of the country, provide scholarships, and build teaching buildings.

This middle school was also selected by the Zhixing Foundation for donation. The main teaching building was rebuilt, and a small library and multimedia classroom were donated.

"President Yao, on behalf of the teachers and students of the school, I would like to thank the Zhixing Foundation. If it weren't for the Zhixing Foundation, this school would probably have closed down!"

Yang Wende told Yao Luoying that he had already made preparations for the school to close and for his retirement.

Now that the middle school has been renovated and has become one of the middle schools with the best hardware facilities in the local area and even in the county, Yang Wende no longer thinks about retirement.

"Principal Yang, you're too polite!"

Yao Luoying shook hands with Yang Wende. She was no stranger to this scene. In fact, the first time Yao Luoying went to the Zhixing Foundation to donate schools and educational materials in remote areas, that scene left a deep impression on her.

In the future, academic qualifications may not be as advantageous, but right now, in remote areas, a school, plus textbooks, paper, pens and other supplies, can really change the future destiny of a teenager.

If they can get into university, they can get out of the mountains that their grandparents have never gotten out of. It is also possible that in the future they don't have to work on an assembly line in a coastal city to screw screws, but can find a decent job.

"Chairman Yao, if it weren't for the donation from the Zhixing Foundation, the middle school in our town would have been closed. By then, everyone would have to go to the county town or other towns to go to school. I don't know how many people would have to drop out of school at that time!" Yang Wende expressed his gratitude to Yao Luoying in a nagging manner.

(End of this chapter)