What's wrong with me being a rich man?

Chapter 508 Support
Silicon Carbon Group has confirmed that the new car launch event will be held on February 21 next year.

The current tentative sales prices for the standard and top-of-the-line models of "Jiuzhou" are 34.58 and 38.58 yuan respectively. With the national and local subsidies for next year, the lowest on-the-road price will be 28.98 and 32.98 yuan respectively.

Carbon Silicon Group has now passed the application for the new energy vehicle promotion catalog in major cities such as Shanghai, Beijing, Guangzhou, and Shenzhen. Its sales focus will also be on provinces such as Guangdong, Jiangsu, Zhejiang, Anhui, and Hubei, which receive a 1:1 matching subsidy from the state.

In addition to cash subsidies and purchase tax exemptions, vehicles like the "Jiuzhou" sold in Shanghai will also receive free new energy vehicle license plates and convenient access under the existing management regulations and frameworks for daily dynamic and static traffic.

Simply put, license plates that originally required auctions with an average price of around 8 yuan are now free, and they can even be used without restrictions in certain areas. This will undoubtedly bring a huge boost to sales.

If we take this value into account, the lowest landed price for a "Jiuzhou" license plate in Shanghai can actually be around 22 yuan. However, this special local support only appears in Shanghai, Guangzhou, Shenzhen, and Tianjin. Due to differences in mechanisms, the value of the license plate in the latter three cities ranges from 1 to 5 yuan.

It is said that Lin'an may also try out an auction mechanism for license allocation next year, which will also be a focus of attention for the Silicon Carbon Group.

The sales system of the Silicon Carbon Group was built based on key cities in key provinces, and new energy competing models and traditional fuel vehicles were selected as references for determining the value.

In other words... who are you trying to piggyback on?

Cui Zhiyu's report was benchmarked, but he could accept Yu's understanding.

BMW will unveil a hybrid 530Le at the Guangzhou Auto Show next month. It is said that it will be officially launched and go on sale before the Spring Festival next year. The configuration and price are not yet fully clear, but based on research on luxury cars, it will undoubtedly have a very high premium, and thus naturally become a benchmark.

After listening to Cui Zhiyu's voice for a while, Yu Xing said, "BMW is going to have a launch event in Shanghai, so the city should know the approximate price. I'll call and ask."

Cui Zhiyu: "Uh..."

He never expected it to turn out this way.

Yu Xing didn't get the price from his first phone call, but he got the number directly from the second call.

The BMW 530Le plug-in hybrid is priced at 69.86 yuan.

Cui Zhiyu got excited as soon as he heard the price: "A 70 yuan car, it's still a BMW!"

Because of its sedan design and plug-in hybrid features, the pure electric range of this BMW model will not exceed 80 kilometers. Its double wishbone + multi-link suspension is similar to other BMW models, allowing for many direct comparisons.

With its new energy attributes, double the price, and valuable features, the market needs time and a process to accept the new brand. More specific competing models can undoubtedly reach potential users more quickly.

“The value for money is determined by comparison. This year’s Guangzhou Auto Show is definitely worth a visit.” Yu Xing pondered for a moment. “Mercedes has a C-Class hybrid model, but it seems it won’t be released this year. I guess it will be shown at next year’s Shanghai Auto Show.”

With a large existing customer base, gasoline-powered car manufacturers will undoubtedly lack the motivation to explore and transform into new energy vehicle manufacturers.

Cui Zhiyu smiled and said, "President Hu and the others are discussing the development of cars, but it depends on how 'Jiuzhou' performs next year."

The SUV market has developed rapidly in the past two years, but in terms of the overall domestic automobile market, sedans still occupy a dominant position of 6%. The Carbon Silicon Group has been considering the positioning of the next model.

"Not to mention ourselves, everyone from top to bottom is waiting to see how we perform." Yu Xing unconsciously took out a cigarette. "I heard yesterday that the supply chain people went to Putuo Mountain to petition for our cars."

Cui Zhiyu said seriously, "I've heard it's quite effective."

Yu Xing glanced at the vice president and sighed, "There's pressure in handling this whole mess. I could manage on my own, but the closer it gets, the more uneasy I feel. It's really better if I did it myself..."

He suddenly stopped using the word "short selling," coughed, and said, "It's really not as comfortable as when I first graduated and was doing small projects."

Cui Zhiyu chuckled: "President Yu, at least in the four cities of Shanghai, Guangzhou, Shenzhen, and Tianjin, I am still very confident. No matter how much they refuse to sell, we can still sell... 4000 vehicles, right?"

Yu Xing wasn't sure whether he should say he had ambition. As he was speaking, a call came in on the landline; it was Director Zhu Zehui from Lingang.

Yu Xing went out to greet them, somewhat puzzled, wondering what their purpose was.

Zhu Zehui didn't have anything specific to discuss. After arriving at the office, he saw a stack of product and local application documents on President Yu's desk, as well as various cities and data on the whiteboard. He asked, "President Yu, how is it? Are you confident?"

Yu Xing nodded: "Yes, I have confidence in our product's strength, and the policies provided by the city are also good."

Zhu Zehui took the cigarette offered by President Yu, but instead of sitting down, he paced back and forth in circles.

He smoked half a cigarette and said, "Mr. Yu, it's nothing, I was just passing by and thought I'd stop by."

Yu Xing laughed as he smoked.

Zhu Zehui pondered, "Sometimes I think your silicon carbon group is good, and sometimes I think the price is really high, so I'm uneasy. But after coming to your office and having a cigarette, I suddenly feel much better."

He asked again, "Will it work?"

Yu Xing didn't answer this time, but smiled and said, "How about I explain our sales policy to the director again?"

Zhu Zehui thought for a moment, then shook his head: "Never mind, I won't disturb your work. President Yu, I'll come to your press conference later."

He came quickly and left quickly.

Yu Xing knew that Lingang had high expectations for the Silicon Carbon Group, so he wasn't surprised by Director Zhu's anxiety. Whether it was policy or value, without seeing market performance, it was impossible to feel at ease.

The Silicon Carbon Group is making a sprint towards the market, a task that is both complex and meticulous.

Yu Xing had been busy for several days, and was just preparing to welcome the investment consortium that was about to arrive from Europe, when he suddenly received a call from Li Song, the short-seller. He felt a sense of warmth towards him, especially when he heard the questions Li Song asked.

"As for LeEco's car manufacturing situation, well, I don't know much about it. You can't tell the details of these things in a short time."

"Mr. Jia is the radical type. I heard he has a partnership with BAIC. You should ask BAIC about it."

Yu Xing gave Li Song's question in a lukewarm manner.

When Li Song heard these words, he felt that if even the radical President Yu thought President Jia was too radical, then he must be extremely radical.

He then asked, "Mr. Yu, I've heard that you have many ideas about financial subsidies. Do you think LeEco can utilize this?"

Yu Xing couldn't help but laugh and said, "Once LeEco's car is ready, the subsidies won't be as large-scale, and they'll probably face even greater challenges. But that's all in the future. I haven't heard that Mr. Jia has started raising funds. I don't know how the money for building cars is being invested."

Li Song slowly said, "I heard that President Jia has pledged a significant proportion of the company's shares."

“I don’t know then,” Yu Xing pondered. “LeEco is a listed company, so there should be a public announcement for any share pledges.”

Li Song did not disclose his sources, but it is now almost certain that the proportion of shares pledged over there has not been fully reflected in the announcements, which is undoubtedly an unstable factor for listed companies.

Compared to his previous work on 'real research', he felt that there were too many ambiguities surrounding LeEco this time, and that there was a lot of room for maneuver between listed and unlisted companies, making it a potentially good target.

(End of this chapter)