What's wrong with me being a rich man?

Chapter 555 Stirring Up (4k)

Silicon Carbon Group launched its first range-extended vehicle in the last week of February, and immediately broke into the top ten in weekly sales rankings. It also established relative stability with monthly sales rankings and the number of orders that have not yet been fulfilled, which answers two questions.

Is the domestic new energy sector viable? And when will it be viable?
The first question is relatively easy to answer, as Tesla already has relatively mature models overseas, so there's no reason why it's possible to do it abroad but not in China. However, the second question is a bit more difficult to judge.

Domestic support policies are not new, and joint ventures and domestic car companies are not new to the new energy vehicle market either, yet the expected results are not being seen.

The primary competitors of new energy vehicles are gasoline-powered vehicles, but when it comes to brands that have been around for decades or even centuries, no one can confidently guarantee that they can compete with them in the market.

Carbon Silicon Kyushu provides the answers to these two questions.

Industry insiders are still observing, consumers are still wondering, but local governments are already getting excited about new energy projects.

Not to mention Silicon Carbon Group, even Singulato Motors, founded by Shen Haiyin, received an invitation call from the Copper City of Anhui Province on the very day of its Silicon Carbon press conference, hoping to discuss cooperation in person. LeEco's car manufacturing plan, officially announced last year, has also received more attention and has been further investigated in Zhejiang Province.

Teams that went to Lingang or not have all received more attention, and have received better conditions this year in terms of both funding and policies.

However, no matter how reliable the team and plans seem, they are not as reliable as Silicon Carbon Group, a company that is already manufacturing and selling cars!

In March, Yu Xing spent about half his energy dealing with enthusiastic invitations from various places. This enthusiasm gradually subsided after Silicon Carbon Group confirmed that the second phase of its production capacity would still be located in Lingang, but... Silicon Carbon's movements are undoubtedly still attracting a great deal of attention.

How significant is a car factory to a local area?

The fact that even in Zhejiang Province, a province known for its strong economy, officials from the provincial government come directly to visit is a testament to this.

The factory jobs will create at least 10,000 jobs and generate at least 20,000 direct employment opportunities. The impact on supporting facilities, factories, catering, logistics, and other aspects will be significant, and it will directly change the local industrial structure.

According to Cai Haoyu's more formal message to the province, the new energy industry is a strategic emerging industry that Zhejiang Province attaches great importance to and is committed to cultivating. The province is willing to pool resources and strengths from all parties to ensure the project's implementation, operation, and development.

Yu Xing had anticipated this aspect, but his estimate was still somewhat low.

After ending his call with Cai Haoyu, he couldn't have a peaceful dinner with Liu Chiping, as he soon received one phone call after another.

Even Zhu Zehui, the director of Lingang, called to inquire about the situation, having somehow heard the news.

"We just discussed it at today's meeting, there really isn't a concrete plan yet." Yu Xing said helplessly, "The second phase of our factory hasn't even started yet, how can we decide on a new factory now? Besides, Lingang is definitely the best option."

The company, which started in Lingang, naturally had to respond to the inquiry from the director of Lingang.

After listening to this, Zhu Zehui pondered for a moment and then said, "Lingang is definitely good. It has a good location, good policies, and more and more supporting facilities. President Yu, Lingang should thank the Carbon Silicon Group for its contributions, but..."

He then changed the subject: "It's not that other places are bad, Mr. Yu. New energy is not just new energy in Lingang, but new energy in the whole country. If carbon silicon can bring development opportunities to more regions while taking into account its own competitiveness, that would be good."

Yu Xing was quite surprised: "Director... your level is higher, I was narrow-minded."

Zhu Zehui chuckled and made a few modest remarks before asking, "So how exactly do you plan for the future of the new factory? Zhejiang Province? The Yangtze River Delta?"

“The supply chain in the Yangtze River Delta is more conducive to our cost reduction. Domestic subsidies will not last forever, and competition in the industry will only be a matter of the next few years. Cost control is something we need to do in the long term,” Yu Xing said frankly. “We actually started by discussing the supply chain situation and then extended it to the future new factory. If there is one, it will basically be in the Yangtze River Delta, but we are not sure where.”

Zhu Zehui chuckled: "The Yangtze River Delta is only so big."

He lowered his voice slightly: "Speaking of which, I might be going out for a short trip later. Mr. Yu, you must work hard to contribute to the new energy industry."

Yu Xing paused for two seconds: "Director, let's work together to contribute to new energy."

He hadn't expected that the new energy sector in Lingang was about to improve, and that the director might actually be leaving. But then he realized that the other party's tone suggested a promotion.

Yu Xing felt a bit conflicted. Before getting home, he called Cui Zhiyu and criticized him for the lack of confidentiality regarding the meeting information.

Goodness, we were just talking about this morning, and it's already being leaked this afternoon. Who is leaking this information?

Cui Zhiyu admitted his mistake with a wry smile on the phone, saying he would strengthen confidentiality measures in this area. Then he said helplessly, "President Yu, I've also received a call. What do we do now?"

"What can we do? Let's talk about the second phase. Right now, we're focused on expanding production capacity in the first phase and ensuring the quality and sales of our cars. The next phase can only be the second phase of construction in Lingang," Yu Xing said irritably.

Cui Zhiyu agreed.

Yu Xing put away his phone, opened the door and went inside. He saw Xiao Ying sitting cross-legged on the sofa, intently looking at her laptop screen.

He couldn't help but laugh: "Look at you sitting cross-legged, you really do look like a snake spirit."

Liu Wanying glanced at it and asked, "You seem to be in a good mood. Which vixen did you hook up with today? Was it Lotus from your Carbon Silicon Company, or that secretary/internet celebrity next door?"

"Are you trying to smear me, or is someone gossiping in your ear?" Yu Xing sat down next to Xiao Ying and put his arm around her.

"You told me all of this yourself," Liu Wanying said with a smile. "By the way, I only learned Sister Yi's full name today. Can you guess what it is?"

Yu Xing knew that the "Sister Yi" Xiao Ying mentioned was Liu Chiping's wife, and he also knew that they had been getting quite close lately, often playing mahjong together.

He was somewhat puzzled: "Full name? Isn't Tang Minyi her full name?"

Liu Wanying smiled and said, "Yes, but she said today that her name is Liu Tangminyi, and she took her husband's surname after marriage."

Yu Xing was surprised: "Taking her husband's surname? This... I really didn't expect this. What custom is she following?"

“I didn’t ask in detail.” Liu Wanying shook her head. “I was just as surprised as you were. It was indeed the first time I’d ever encountered something like this.”

She guessed it was probably based on family traditions in Hong Kong.

Yu Xing found it somewhat interesting.

Liu Wanying simply shared a small new discovery, then pointed at the screen and began discussing the after-hours trading of Toshiba. Yu Xing glanced at her focused expression, leaned over, rested his head on her shoulder, and faced the screen together. After listening for a few more minutes, he suddenly laughed and said, "Ms. Snake Spirit, would you like to be called Yu Liu Wanying?"

Without hesitation, Liu Wanying turned her head and gave him a headbutt: "Dream on."

She continued talking about Toshiba, and after a few sentences, she suddenly noticed that Yu Xing was quietly and attentively sitting next to her. This attentiveness was not referring to the name change, but rather the reason for the name change.

“I’ve discovered that you’re not serious about marriage. What did you say to me last time?” Liu Wanying laughed. “Also, that first Rose Love website you started was also about using other people’s inability to get married to tell stories.”

Yu Xing defended himself, saying, "This isn't being improper; it's just a natural progression."

“Then I need to sign a prenuptial agreement with you.” Liu Wanying brushed a stray hair behind her ear and said with a smile, “Right? With so many assets, we need to make sure everything is clearly stated in the agreement.”

Yu Xing laughed and asked, "How do we sign this?"

Liu Wanying said in a serious tone, "Let's find a notary office and write it down that the globally renowned short seller Guoshanfeng belongs to Liu Wanying, Carbon Silicon Group and Carbon Silicon Data belong to Yu Xing, oh right, and Red Falcon Capital also belongs to Liu Wanying, but most importantly, Guoshanfeng must belong to Ms. Liu Wanying."

Yu Xing shrugged, a little annoyed: "I'm serious!"

“I’m serious, you know. Look, there have been many companies where the founders’ marital problems have affected the success or failure of their businesses.” Liu Wanying became more serious. “Both Carbon Silicon Group and Carbon Silicon Data are going to go public. And now there are a lot of news reports praising you, saying you’re the number one person in China’s new energy industry. I think that’s great. If Guo Shanfeng gets investigated one day, I’ll take the blame for you. How about that?”

Yu Xing leaned back on the sofa: "You're still thinking about this? There's no point in talking about it, you're just fooling yourself."

Liu Wanying shook her head and objected, "It's not about deceiving ourselves, it's just that we get to the point and move on."

Yu Xing pointed out the problem: "Wait, is this what we're going to talk about?"

"Is this what we're going to talk about? Your hard work, my hard work... um, wait a minute." Liu Wanying glanced at the screen when she mentioned "hard work," and laughed, "Goldman Sachs has been investigated by the Japanese Financial Services Agency. Is this going to lead to a fight?"

In the latest news, the Japanese Financial Services Agency conducted an on-site inspection of Goldman Sachs' Tokyo branch and found unreported short selling positions in its internal trading system. The agency has ordered Goldman Sachs Japan to suspend proprietary trading for 15 days and derivative financial product trading for 5 days.

In addition, the Tokyo Stock Exchange fined Goldman Sachs 1500 million yen and required it to submit a business improvement report every quarter. It also imposed an additional 200 million yen fine on Goldman Sachs for conducting non-securities business such as credit derivatives without approval.

Goldman Sachs threw rocks at Toshiba at 2:50 p.m. Tokyo time today, and just four hours later, its Tokyo branch was investigated and punished.

"Undeclared short selling positions..." Yu Xing read the information aloud, puzzled, "Did they already have this information and are only using it to warn people now?"

Liu Wanying thought for a moment and shook her head, saying, "Not necessarily. In Tokyo, it's mainly done by manual reporting. It's perfectly normal for Goldman Sachs to hide some of the reports."

"Huh? Manual submission?" Yu Xing asked in surprise. "What year is it now?"

Liu Wanying was amused by his reaction: "You, the mastermind behind the scenes, should go out and see more of the world. You just stay in Lingang every day fiddling with your car. It's 2015 now, which sounds unbelievable, but Tokyo is still mainly manual and doesn't have real-time connections with the securities trading system. They've always been quite conservative over there."

Yu Xing quickly digested the information and nodded: "I remembered Mitsubishi. Mitsubishi's engine data was also declared independently. Toshiba's ability to produce such a financial situation this time shows that the management system of Japanese companies has improved even further."

While the two were chatting, new cases of investigation continued to emerge in Tokyo.

Not only Goldman Sachs, but a number of foreign institutions have also been investigated and punished.

Morgan Stanley was the most severely affected, with its proprietary trading business suspended for five weeks. Barclays and Deutsche Securities were ordered to improve their internal management.

These institutions did not violate the Tokyo Financial Services Agency's temporary control order, but rather their previous actions violated relevant regulations, and they were brought to light this time due to an internal investigation by the Tokyo Stock Exchange.

Goldman Sachs' analysis of Toshiba is still widely circulated, but neither Goldman Sachs nor the foreign institutions raided have commented on the incident. However, many Wall Street analysts on Twitter find the whole thing quite amusing.

"If Tokyo can't catch the mountain peak, it can only take Goldman Sachs and the like down."

"Goldman Sachs did it too! But we can't just punish Goldman Sachs!"

"It seems that this time it is the king of short sellers leading a group of short sellers to short the Tokyo market."

"I feel like I'll never see the day when the King of Short Sellers is caught. If he's willing to show his face, I'd like to work for him as a fund manager."

Looking at the latest news, Liu Wanying couldn't help but feel a little smug: "Once the mountain pass is exposed, it will definitely be a big problem, but there will also be a lot of people rushing to give us money."

Yu Xing pondered: "If one mountain peak falls, it means that countless other mountain peaks will be born."

He shook his head and talked about the disturbance caused by the news of the new silicon carbon plant.

Liu Wanying wasn't surprised at all and nodded: "That's for sure. Once your factory is built there, it will have a huge impact on the local economy. Even setting up a breakfast cart at the factory gate can improve people's lives."

Yu Xing then mentioned the director's whereabouts.

Liu Wanying pondered for a while: "Director Zhu is about to be promoted. If he gets to a suitable place, it will be a win-win situation for both of you."

Yu Xing wasn't sure if it could be considered a win-win situation. He had thought about it carefully, but in the end... having no recollection of it was good news.

At least, it seems like I haven't heard any news about this name being brought down.

At 10 p.m., Liu Wanying closed her laptop and was about to go wash up when she suddenly received a call on her phone from her brother, Liu Jingrong.

She was a little surprised, and her expression turned strange after only a few sentences.

Liu Wanying handed the phone to Yu Xing: "You studied in Nanjing back then, and my brother is about to become your advocate to invite you to build a factory."

Yu Xing chuckled and took the phone: "Brother Rong, you're making a call too?"

Liu Jingrong hesitated for a moment, then said, "Yu Xing, I've refused many times, but this time it's really hard to refuse. Anyway, that's the gist of it. Jinling welcomes you."

(End of this chapter)