Reborn: Billionaire in College

A week later, two major events were officially announced at the same time.

First, Orange Technology and Tongcheng High-tech Zone held a signing ceremony. The project will engage in the production and sales of smartphones in Tongcheng High-tech Zone.

The total investment of the project is estimated to be 50-100 billion yuan. It will be officially put into production in the fourth quarter of 2016. After production, it is expected to produce about 1200 million smartphones.

In comparison, the signing ceremony of the Kyushu Auto Super Factory was much larger in scale and more sensational.

The Shanghai side specially arranged a group of leaders to attend the signing ceremony, and Chen Pingjiang from Jiuzhou Automobile attended in person.

While Chen Pingjiang was chatting and laughing with the second-in-command of Shanghai five steps behind the signing table, Yin Yunxiang and the leader in charge of Shanghai were signing in front of them.

Countless spotlights flashed into one.

According to the memorandum of cooperation, the Jiuzhou Automobile Super Factory with an annual production capacity of 50 new energy vehicles has officially settled in the Lingang area.

The total investment of the project reached a terrifying 300 billion yuan!

After completion, it will become a super factory integrating R&D, manufacturing, sales and other functions. The Jiuzhou New Energy Vehicle R&D and Innovation Center, which was unveiled at the same time, is an important part of Jiuzhou's R&D system. It is mainly engaged in R&D and innovation in new energy vehicles and will actively promote the transformation of new energy vehicle innovative technological achievements.

Dongjiang, Yangcheng and Heshi ultimately missed the opportunity to build the Kyushu Super Factory.

No way!

Under the same preferential conditions, Shanghai's location advantages, population market and complete industrial chain are unmatched by other cities.

The most important thing is that they really want to borrow money!

The local banking consortium in Shanghai provided over 3.9 billion yuan in low-interest loans to support the construction and initial operation of the factory. The interest rate was about %, far lower than the market level during the same period.

Jiuzhou Automobile is really short of money. After all, it hasn't actually sold any cars so far.

It is even more impossible for shareholders to continue to make additional investments.

In that case, what should we do?
We can only hope for a bank loan!
At the same time, as a major shareholder, Chen Pingjiang also borrowed 100 billion at the lowest interest rate.

In addition, the Lingang area sold 1 square meters of industrial land at a price about 10/97 of the market price, equivalent to a floor price of only 985 yuan per square meter, which is much lower than the price of surrounding commercial land.

In terms of taxation, corporate income tax exemptions and reductions in the first five years and value-added tax refund policies will be given priority.

Jiuzhou has promised that after the tax preferential period, it will pay no less than 20 billion yuan in taxes to Shanghai every year.

In accordance with Chen Pingjiang's requirements, the construction of the super factory progressed at an unusually fast speed.

The reason why he built this super factory was to expand production capacity and solve the delivery difficulties faced by Jiuzhou S1 after its launch.

If it's slow, it will be meaningless.

After the huge machine started running.

Kyushu Super Factory obtained the "Construction Land Planning Permit", "Construction Project Planning Permit" and "Construction Permit" within 3 days after the land was delisted, while the traditional process would take several months.

In addition, the customs implemented the "advance declaration and direct pick-up at the port" model for imported equipment. The first batch of production line equipment took only two days from arriving at the port to entering the factory, shortening the customs clearance time by 2%.

The environmental impact assessment approval adopts a "build first, test later" conditional approval mechanism, allowing the main project to be constructed first, and the environmental impact assessment and construction to be carried out simultaneously, with the project start time being at least 6 months in advance.

Is that the end of it?
The work of "three connections and one leveling" was immediately launched: State Grid built a 110 kV substation to ensure dual power supply to the factory. Three supporting roads were newly built, and Lianggang West Avenue was expanded to open up the logistics artery between the factory and Yangshan Port.

Everything is benchmarked against the treatment Tesla received when it entered China, and nothing can be less!
This finally led to the implementation of this project. Whether Tesla comes or not, Chen Pingjiang has no right to control it. Anyway, the Lingang area should be occupied first. If Musk comes in the future, he can just be a neighbor.

Besides, if you calculate carefully, he is at a disadvantage.

First, build the supply chain yourself. Then when Lao Ma comes, he will just need to eat the ready-made food. How comfortable.

But... Chen Pingjiang estimated that Shanghai might not see such a big fight again.

I guess Chen Pingjiang is the only one in China who enjoys such treatment.

The confidence behind this comes from the sales volume of Jiuzhou S1.

In other words, if you ask the new domestic car-making forces to come, would they dare?
They might not even dare to give the land away for free.

20 billion in taxes a year, you can’t even skin them alive to make that much.

The 20 billion is corporate income tax, because the value-added tax is actually paid by consumers. Yes, don't doubt it, the value-added tax you pay when you buy a car is actually passed on to consumers through the price of the product.

Wei, Xiaopeng and Li Auto are so awesome that by 2022, the income tax they paid will either be negative or less than million...

…………

After the super factory project was launched, Chen Pingjiang felt relieved, but Wang Chuanfu on the other side was a little nervous.

I remember how closely the two companies cooperated in the past, but now there is a sense of alienation everywhere.

They may even become competitors in the near future, because BYD cannot always be a low-end product, and Jiuzhou cannot always be a high-end product.

Sooner or later, the two companies will meet in the mid-range market.

Only car companies with rich product lines can continue to develop.

Cars are different from cell phones.

Apple can dominate the market with just one product released every year, and users who like it can change it every year.

But is it possible for cars?

Eventually the product line had to be diversified.

But Lao Wang does not regret it. At least compared with other automobile manufacturers, BYD still relies on its 20% stake in Jiuzhou to maintain its relationship.

"Why worry about something that takes so long? It will take at least three years for the Shanghai Gigafactory to ramp up production. We have been making cars for so many years, don't we have this experience?" Brother Wang Chuanfang consoled him, "We are still comrades in arms in these three years, and we won't become rivals for now. We'll talk about it later."

Wang Chuanfu nodded: "It's not that I'm worried. There are so many car companies in the world anyway. One more or one less won't make a difference. It's just that Chen Pingjiang is a magical person. It's better to be friends than enemies."

"That's true. Foreigners like to praise Musk, but I don't think Musk can compare to him, at least not at his age."

"Interesting!" Wang Chuanfu laughed. "The businesses of these two people are highly overlapping, right? Tesla is for Jiuzhou, and SpaceX is for Galaxy Aerospace. One is inside, and the other is outside, but sooner or later they will meet."

"Who do you like?"

"Who knows! Musk has the support of the Americans, has more resources, and can sell globally. On the other hand, Chen Pingjiang has all kinds of resources, but the current market is limited to the domestic market. We will only know when they fight each other. And this matter seems to be a war between the two of them, but in fact it is also a war between the two great powers of China and the United States. But I know that Chen Pingjiang will at least not lose, he is a person who really plays with the ecosystem. If Jiuzhou wants to develop A-class cars in the future, it will be a disaster. It only needs to mobilize the support of tens of thousands of online car-hailing drivers, and the sales will not be bad." (End of this chapter)