The car giant started by marrying the daughter of the king

Chapter 272: Going south to Shenzhen to implement the automobile project

Although Austin still needs time to implement the elimination and sale of Suzuki's automobile production lines, Jiang Hui must also make various preparations.

"Dad, BMW Technology is discussing with Shenzhen City about purchasing land to build a car factory. It is expected that there will be some progress in the near future."

"When the time comes, we will purchase a second-hand automobile production line from overseas and officially enter the automobile industry."

His father-in-law will be his main support in the future. Before officially entering the automotive industry, Jiang Hui must communicate with him properly.

Even though Jiang Hui had mentioned this idea to Zhu Jiansheng before, Zhu Jiansheng was still quite surprised.

"So fast? Producing a car is much more difficult than producing a motorcycle."

“Especially since there is no auto factory in the country that is wholly foreign-owned.”

Although Zhu Jiansheng is very confident in Jiang Hui's technical level, running a factory requires more than just good technology.

"Hong Kong City has a special relationship with us. After all, we are all a family in the future."

“I think the sensitivity of wholly-owned enterprises in Hong Kong and the city is relatively not that high.”

"Besides, Shenzhen is now a special zone, and many things can be handled specially. I think this opportunity cannot be missed."

"After all, it takes several years to build a car factory. If you prepare too late, it will take many more years before the new car is launched on the market."

"The Chaoyang Motorcycle Factory is gradually getting back on track, and we have also recruited a group of technical personnel."

“I think it’s okay to try to enter the automotive industry on the spot.”

When Jiang Hui said this, Zhu Jiansheng knew that he had already thought it through.

However, he couldn't help but ask again: "Can BMW Technology come up with the large amount of funds needed to invest in a car factory?"

The automobile industry is a technology, capital and labor intensive industry, and any one of them cannot be missing.

In terms of technology, Zhu Jiansheng is not worried because Jiang Hui is leading the technical team of Chaoyang Motorcycle Manufacturing Plant, with their past achievements in BJ212 and Hummer.

As for recruiting workers, that is even less of a problem.

On the contrary, in terms of funding, Zhu Jiansheng still feels that the investment is tens of millions or even hundreds of millions, which is a bit exaggerated.

"The factory is initially considering purchasing a second-hand production line from Suzuki Motor, which is expected to cost around $1000 million."

"For other investments in purchasing land and building factories, it is estimated that several million US dollars will be enough in the early stage."

"The initial investment for the entire project was less than 2000 million US dollars, so there was absolutely no problem with BMW Technology."

"Besides, BMW Technology can also receive RMB dividends from the Chaoyang Motorcycle Factory, and these funds can also be used for the automobile project in Shenzhen."

Seeing Jiang Hui's confident look, Zhu Jiansheng felt a little more doubtful and said, "Didn't you only have about 12 million US dollars in funds before? If you do this, it's equivalent to using up all the funds, and it's not even enough. If some problems arise later, it will become a mess."

Zhu Jiansheng attaches great importance to risk control.

In particular, he felt that Jiang Hui had already achieved his current results, so there was no need to take such a big risk.

"Dad, you remember it correctly, but that was the situation before. Now it has changed a lot."

"After exiting the oil futures market, all of the funds were used to purchase stocks of several computer-related companies."

"Since last year, America has been promoting computer technology with all its strength, and the stocks of related companies have risen sharply."

"Now, if we calculate it in terms of stock value, it has almost doubled and is still rising."

"So there is absolutely no problem using this money to develop a car company."

"I can even use these stocks as collateral to borrow part of the funds from American financial institutions."

Jiang Hui quickly explained his funding arrangements to Zhu Jiansheng.

Zhu Jiansheng knew that Jiang Hui not only had good professional skills, but also had a strong ability to make money.

But he was still shocked that he could create assets worth 20 to 30 million US dollars in just a few years.

However, it is a good thing that his son-in-law is capable, and he will definitely not stop him from moving forward.

However, his own pressure also increased.

"I can't help you with anything overseas. You have to handle it on your own."

"If there are any domestic matters that require my intervention, please let me know."

With his father-in-law's words, it basically meant that he agreed with Jiang Hui's efforts in Shenzhen.

As the actual boss of the company, Jiang Hui has not yet confirmed the situation in Shenzhen.

Seeing that many things were about to be finalized, Jiang Hui prepared to go to Shenzhen in person to take a look at the overall situation.

Chaoyang Motorcycle Manufacturing Plant is a joint venture company of BMW Technology in China. As the director of the joint venture, it is completely reasonable for Jiang Hui to be invited to Shenzhen.

However, Jiang Hui definitely did not go to Shenzhen alone.

He took Hou Guoming, Chen Chenxing, Liao Chengwen, Li Xuewen and others to fly to Yangcheng Baiyun Airport, and then took the car arranged by BMW Technology and went straight to Shenzhen. These days, going to Shenzhen is not something you can do just because you want to.

There is a long barbed wire border between the inside and outside of the customs, and you need a border pass to enter the customs.

Of course, Jiang Hui and his team came on this business trip with all the necessary documents and certificates, so there was nothing to worry about.

"Director, the plot of land we chose this time is mainly near Shekou Port, which is more conducive to the future shipping and export of various vehicles."

"The initial planned area is to purchase 500 mu of land and build a factory with an annual production capacity of 12 cars and high-end motorcycles."

When the boss comes on a business trip for an inspection, Fang Huihui must come to receive him in person.

There are some things that are not suitable for too many people to know except her.

"Will Shencheng agree to help us apply for various procedures?"

If a wholly-owned enterprise in Hong Kong wants to set up a wholly-owned automobile and motorcycle production plant in China, there will inevitably be a lot of approval procedures involved.

Not only are there procedures to go through in Shenzhen, but there are also many approval procedures to go through at the Ministry of First Machine Building and other ministries.

If BMW Technology is left to run its own business, it probably won’t be able to accomplish it by next year.

"I have talked to their head of economics several times. As long as we ensure that the factory invests more than 1000 million US dollars within the next year, they will do their best to help complete various procedures."

"Of course, Shenzhen also knows that we have a joint venture motorcycle factory in the capital, and they also hope that Chaoyang Motorcycle Manufacturing Factory can help communicate with the Ministry of First Machinery for some of their work."

Fang Huihui knew that the procedural issue could not be ignored.

If the formalities cannot be completed, it would be funny if the products cannot be sold domestically even if the factory has been built.

Fang Huihui has no confidence that she can export all the products produced by the factory to all over the world.

In particular, according to what she had learned from Jiang Hui before, the BMW Technology factory in Shenzhen mainly produced micro cars in the beginning.

The power performance and comfort performance of this product are definitely somewhat different from those of some international automobile giants.

You can imagine how difficult it is to export on a large scale.

"No problem. As long as Shenzhen City takes action, I will personally communicate with the First Ministry of Machinery."

"If other ministries encounter difficulties, we can also provide assistance."

Jiang Hui naturally had no objection to doing things for his own company.

Local ideas may not be completely consistent with those of ministries.

I have acquaintances in all the major ministries and it is completely possible for me to push it forward at the appropriate time.

Anyway, as a Hong Kong-based enterprise, BMW Technology already has a successful joint venture in the capital.

Today, the number of employees has already exceeded 1000, making it an emerging factory with growing influence in the capital region.

"Director, I plan to fly over to visit Suzuki's production line next week so I can have a better idea of ​​what's going on."

The factory site has basically been decided, and all that remains is to go through the process.

The work related to approvals cannot be completed in a day or two, so other things naturally cannot be done while we wait.

"Sure. Bring a few people who know about automobile production with you to do a preliminary inspection."

"After Austin and Suzuki have finalized the details, I will arrange for a group of people to go with you to confirm the details on site, and then discuss the specific contract details."

Jiang Hui has already arranged for people to prepare materials for his and Hou Guoming's investigation trip to Japan.

It is still not easy to travel abroad these days.

There is a lot of preparation work to be done beforehand.

However, as the head of the joint venture, Jiang Hui's visit to Japan for inspection would not be impossible to obtain approval.

"If everything goes well, Suzuki Motor will probably be able to start preparing to dismantle the production line in a few months, but our factory may not be completed yet."

Sometimes, going too fast can also cause some troubles.

Fang Huihui was a little worried that after buying the production line, there would be no place to install it.

"The production line needs to be dismantled, then transported by sea, and various customs clearance procedures are completed. It will be around the end of this year."

"Although our factory in Shenzhen is not fully built, we definitely have the space to house these devices."

"It is just right to let the Japanese people give some training to our technicians before the official installation of the production line. Then our technicians will follow them to install the production line. This way, they can master the maintenance technology of the production line as quickly as possible and avoid being controlled by others."

Although Jiang Hui can handle every device himself, he can also fix any failures.

But it is impossible for him to do everything himself.

(End of this chapter)