My minimum living allowance is credited to my account every day with 1000 million yuan

Chapter 168 Shock on all sides

The news that "Tianqi Automobile" was renamed "Junxing Automobile" after being acquired by Junxiao Investment Group has attracted widespread attention in the industry!

"Junxing Automobile" was overwhelmingly unpopular, but Junxiao Investment Group became famous!
Because from the posts on the official account of "Junxing Automobile", it can be seen from that series of operations that Junxiao Investment Group is really rich.

Junxing Auto plans to launch a medium-to-large SUV code-named Junxing M3 in March next year, and at the same time invest 7 billion yuan to transform a modern super-smart factory for the new model.

It announced that it would develop its own smart cockpit and smart driving technologies, with the aim of taking core technologies into its own hands.

Every piece of news is extremely shocking, especially the two about self-developed smart cockpit and self-developed smart driving technology.

This investment is extremely large. Despite the huge strength of Hongmeng Smart Car, it still has to invest tens of billions every year in continuous research and development and iteration. I really don’t know where this suddenly emerging Junxiao Investment Group got the confidence from!
As one of the hot news nowadays, naturally many self-media bloggers took the opportunity to increase their traffic.

"The strong joining forces might produce something greater than 1+1, but the weak joining forces will only make them weaker. And if you're still researching intelligent driving, don't let the result be a moron!"

"This is truly reckless. How did 'Apocalypse Auto' fail? They just loved doing unrealistic things, and eventually their funding chain ran out. Why does the new 'Junxing Auto' that took over now seem even more foolish than its predecessor?"

"Developing core technologies independently is a good thing, but that requires strong financial resources. Blindly wanting to do everything yourself is suicidal!"

All the pessimistic voices cast a shadow of gloom over the newly reorganized team!

Some people even started a vote online, asking which car company will be the next to go bankrupt?
"Junxing Automobile" is far ahead with 78% of the votes!
"The last one to fall was 'Apocalypse Auto', and the next one to fall will be the renamed 'Apocalypse Auto'"

With so much negative news, I really don't know who will sell the M3 when it is launched in March next year.

You have to know that the M7 is a luxury mid-to-large SUV priced at around 30 yuan. Who would a car company that everyone thinks is going to go bankrupt again sell such an expensive car to?

Sitting opposite Xu Wu, facing the huge aura of the group CEO, Xu Gang, the current CEO of "Junxing Automobile", felt a little uneasy!
"A defeated general still dares to speak of bravery!"

After acquiring "Apocalypse Automobile", Xu Gang thought he would definitely pack up and leave. Although it was hard to let go of the company to which he had put all his efforts, the new emperor has his own ministers, and since capital has acquired this company, it is natural to use people it thinks are capable.

Xu Gang didn't think he was worth anyone's attention. After all, the company he was in charge of went bankrupt, although the responsibility was not entirely his.

But who would employ such a defeated general? It's unlucky!
But Xu Wu just used him. At that moment, Xu Gang wanted to die for General Xu. This was a favor of recognition, and Xu Gang believed that he could not repay him even if he died!

It is precisely because of this that negative information has been fermenting online recently, and it is not groundless. Every word and sentence on the Internet hits the nail on the head. Xu Gang also does not see the future of the company.

Xu Wu has been observing him. With such a large investment, she has recently put almost all her energy into the automotive sector.

Of course she saw all the negative things on the Internet. To be honest, she was under more pressure than Xu Gang!
After all, she had invested so much. If she lost it, she really didn't know how to face Chen Xiao!

Don’t be fooled by Chen Xiao’s nonchalant remarks, as if it’s okay to lose everything. That’s tens of billions of dollars in investment. Even the richest man in the world can’t lose money like this, right?
So she threw herself into it, risking her life!
She was even more worried than Xu Gang, but she had to stabilize the morale of the troops.

The more serious the crisis, the calmer we should be. Even if the sky falls and the earth collapses, I will remain unmoved.

She said with a smile: "Mr. Xu, do you know why the group chose to build cars?"

Xu Gang really wanted to know that at a time when the global new energy vehicle landscape has basically been determined, few people dare to get involved.

An outsider from Junxiao Investment Group actually rushed in without knowing the consequences. He was truly foolish and bold!

"I remember when Lei Jun resolutely invested in car manufacturing, he carefully reviewed the advantages of coarse grain factories and said something at the time..."

"What's the use of coarse grains? Coarse grains have money, and there are 1000 billion in the account!"

"This is their confidence. Money gives you a margin for error. If one doesn't work, try twice. If two doesn't work, try three times. As long as you work hard, you'll eventually see the light at the end of the tunnel!"

Xu Gang nodded. What level is Lei Bushi? He is the male protagonist of a cool novel, definitely the chosen one by God!
Although they are both in the car industry, he is not even qualified to shine other people's shoes!
"So we chose to build cars, and we also reviewed our own advantages, but later we found that we had no advantages at all!"

Xu Gang's face darkened. You dare to invest in car manufacturing without any advantages!

“But we’re also rich.”

Xu Gang was stunned and thought to himself, "They do have money. From acquiring Apocalypse Auto to transforming the modern smart factory and establishing a joint R&D center, they've already spent over 100 billion!"

"How rich? What I can tell you is that we are richer than Reeves!"

In fact, Xu Wu didn’t know how much money Chen Xiao had, but judging from his layout, these tens of billions were obviously not all he had.

Because he also told her that in the commercial real estate sector, if there were good heavy assets, he could continue to buy them, and since he had entered this circle, he should make it bigger and stronger.

While others are trying their best to engage in light asset operations, Chen Xiao does the opposite. He specializes in acquiring mature commercial plazas and engaging in heavy asset operations. This shows that his cash flow is very abundant.

Xu Wu couldn't imagine where he got so much money, but she knew he definitely had a lot of surplus, because so far, he hadn't even mentioned to her that he wanted to get a bank loan!

Have you ever seen something like this? They invested billions of yuan, had so many fixed assets, and yet they didn't even get a single cent of loan.

Therefore, Xu Wu asserted that Chen Xiao was richer than Lei Jun. Of course, her main purpose was to stabilize the morale of the troops!
She spoke in a leisurely and powerful voice!
It was pleasant to the ears, full of confidence and very contagious, which shocked Xu Gang greatly!

However, he did not doubt it too much, because he had thought of what Xu Wu had thought of. This acquisition included increased investment, but there was not a single penny of loan, which showed that the group's cash flow was absolutely sufficient!
A stone fell from his heart. As long as the group is determined to do it and has sufficient financial support, Xu Gang will dare to use all his skills and give it a try!
If the outside world is not optimistic, then don’t be optimistic. What else can those people do besides criticizing others?
At the beginning, they looked down on Hongmeng Smart Car, then didn’t understand it, and later couldn’t catch up with it.

What people don't like about "Junxing Automobile" is not its operating method. In fact, if a car company wants to really grow big, it must have core technology in its own hands.

However, few car companies have the financial resources to develop everything on their own.

This is precisely why the outside world is not optimistic about Junxing Automobile. How can a company that has just gone through bankruptcy and restructuring have the financial strength to make such a large investment in research and development?

The key point is that your sales have almost stopped now. Where will the huge amount of funds needed for subsequent research and development come from?

Now that Xu Wu has guaranteed that there will be no problem with funds, all these problems no longer exist. On the contrary, Xu Gang feels that all the arrangements of the group are now moving in the right direction!
Let the outside world's noise come out as much as it wants. Perhaps it won't be long before you have to swallow it back the way it came out.

The Internet has memory, and one day it will use sales to slap these people in the face.

At this stage, we must learn to be patient!
Work hard, accumulate your knowledge, and when Junxing M7 is launched, prove yourself with facts!
In addition to funds, Xu Wu also told him that the group will make large investments in the entire automotive supply chain, which will also provide strong support for the later supply of spare parts for "Junxing Automobile"!
Xu Gang was full of confidence. He felt that all the criticisms on the Internet at the moment could be regarded as nothing and he didn't need to care about them!

But a live broadcast initiated by a self-media blogger in the evening almost made him cry!

This is a live broadcast initiated by a KOL about some discussions on the current automobile market!

The host of the live broadcast is a well-known big V in the industry, with the online name Xiangzi. He has his own understanding of the automobile market. He can basically discuss issues based on reality and has no brand bias.

This is why the data he reveals in the industry is convincing, unlike some brands’ KOCs who often praise the brand they support to the sky and take the opportunity to belittle their competitors!

One of the contents of the live broadcast is a review of the new energy vehicle market sales data for the week.

The data in this area is collected by a brand KOC with the online name “不疼不痒”. His information source has always been relatively reliable!
Of course, the sales data of each company is not consistent. Some statistics are based on insurance volume, while others are based on wholesale volume. But it is generally correct and still has certain reference value! He has a certain routine when reporting data live every time.

First of all, the overall automobile market sold 42 vehicles last week, and new energy vehicles sold 23 vehicles, accounting for 55%!

This means that the domestic market share of new energy vehicles has completely surpassed that of fuel vehicles.

New energy vehicles are a rising sun, while fuel vehicles are an old warrior in his twilight years!

In the new energy vehicle market, Di Wang is far ahead with weekly sales of 10 vehicles!
Given its strong vertical integration capabilities, nationwide channel network, and its pre-existing brand influence in the new energy vehicle field.

It is absolutely dominant in the low-end and mid-range market and is incredibly powerful!
If you look at the top ten sales rankings, Di Wang's family is greater than the sum of the second to ninth places.

After reporting Di Wang's data, the next ones to report are the weekly sales of Lixiang, Hongmeng Smart Car, etc. These two brands have seen both volume and price growth.

It has firmly occupied the market of luxury new energy brands, among which Hongmeng Smart Selection Car has crushed the traditional BBA with its terrifying average price of 39.

After reporting these major brands, I continued to report a few more!
He usually reports on good performance, but today, for some reason, he suddenly said, "After all that, there's one brand whose sales data is quite interesting! It's the only brand still around but with zero weekly sales!"

Xu Gang, who was watching the live broadcast, felt a pang in his heart. Then he heard "Bu Painless" say, "That's the recently famous 'Junxing Automobile'. It has also created a miracle in automotive history!"

Xu Gang's face turned red in an instant!

The key point is that people are not slandering him. They are telling the truth, but this fact is too damn embarrassing. The people in the live broadcast room are all practitioners in the automotive industry, and many of them know him.

Someone has already sent him a private message to verify this. This is really embarrassing!

I was so angry that I didn’t even watch the live broadcast anymore. I went to work in the factory and was determined to avenge my previous shame even if it meant risking my life!
Even with the big money backer "Junxiao Investment Group", if I still can't make "Junxing Automobile" successful, how can I, Xu Gang, have the face to stay in the automobile industry.

What he didn't know was that not only he was watching this live broadcast, but Xu Wu was also watching.

She is different from Xu Gang. It is no big deal if the sales are zero. She just acquired the company and the original model has been discontinued. No matter how hard they try to speed up the production of the new model Junxing M0, it would be good if it can be launched in March next year.

The most important thing now is not to rush to generate sales, but to polish the products. Only by launching good products can the current situation be slowly changed.

Therefore, the most important intelligent driving and intelligent cockpit must reach the mainstream standards in the current market before March next year, and then gradually approach the first echelon with continuous iterations.

The development of intelligent driving has gone through several stages.

The bottom layer is represented by joint venture brands, or some of these brands that are not enterprising, namely LCC, which is lane keeping!

The second is high-speed navigation, commonly known as high-speed NOA.

Next is the urban memory navigation, and then the national energy of the urban area will be opened.

There are still some cities that are open between the urban memory navigation and the national driving capabilities. This is because some smart driving relies on high-precision maps.

Systems like Hongmeng Smart Car do not rely on high-precision maps, so they can be driven across the country.

After these, it is end-to-end, which means that autonomous driving can be achieved from parking space to parking space.

Currently, Hongmeng Smart Car Selection has been realized!
This also makes Hongmeng Smart Car’s intelligent driving the most trusted by customers and has the highest usage rate!
Xu Wu thought about these things and had to admit that the new energy vehicle industry is really booming now. It has been less than two years since Hongmeng Smart Car started to focus on intelligent driving, and now it has not only been deeply rooted in people's hearts.

It also directly leads to consumers who buy cars worth more than 20 yuan to talk about intelligent driving, and consumers will not buy it without intelligent driving.

This is also one of the reasons for the sudden death of "Apocalypse Automobile". A car worth 30 yuan only relies on its appearance, which is courting death!

No wonder Chen Xiao proposed to invest more than 100 billion yuan a year in smart driving and smart cockpits. Without this effort, it would be a fantasy to catch up with the mainstream level in the market.

If you can’t make a breakthrough in core technology, it’s a dream to go the high-end route!
The current automobile market has become so popular that even cars priced below 20 yuan have begun to come standard with smart driving!

It’s just that Hongmeng Intelligent Driving has not yet been popularized, and the cost is a bit high.

The level of intelligent driving in cars below 20 yuan is still a bit behind that of Hongmeng.

The current first phase goal of Junxing Intelligent Driving is to make it drivable across the country before March next year. It is definitely not possible to make it drivable across the country!

Because this intelligent driving system does not have massive data to train a large model, it will definitely not be easy to use in the early stages.

But as long as you get on board, there will be data, and with continuous iterations you will definitely be able to catch up.

If you don’t have enough time, money will make up for it!
Xu Wu's adaptability is really strong. A month ago, he was just an ordinary white-collar worker with a monthly salary of 2 yuan.

Now that he has become a leader who controls tens of billions of funds, he switches roles so smoothly!
The acquisition of "Apocalypse Automobile" and "Junxing Automobile", the investment in the transformation of super-large modern smart factories and the establishment of an intelligent R&D center caused a sensation in Hanjiang Province and even the whole country.

As Xu Wu’s old acquaintances, you can imagine how shocked they would be when they saw this news!

Li Guoqiang sat in the office for a long time without saying a word. He had already overestimated Mr. Chen's ability, but he didn't expect that he still underestimated him far.

Ding Yong called him immediately after receiving the message and said just a few words: "Brother, thank you!"

Li Guoqiang knew what he meant. Because of his recommendation, he had a business cooperation with Xu Wu. Now knowing the financial strength of Junxiao Investment Group, Ding Yong realized what a strong and thick-legged guy Li Guoqiang had introduced to him.

Ding Yong gave Gao Yue another raise, and Li Fei from Jiefei also gave Li Xiao a raise!

Because of this news, they all tried their best to win over these two beautiful subordinates!
He even hinted that their future work focus would be to deepen their relationship with President Xu. As for the company, they were equipped with strong deputies and assistants.

The two of them even got a private car with a driver, which was something they had never dared to imagine before.

Life is so magical sometimes. Even though you have done nothing, luck still falls on your head.

After seeing this message, he was full of confidence in following Dr. Feng to achieve great progress.

There's no way. If a salesperson in that company is so awesome, can you imagine how amazing this company will be in the future?

Even people in the retail industry had mixed thoughts when they saw this news!
Xu Jun, the general manager of Junxiao Plaza, took a deep breath. It turned out that the group company he was serving was so powerful. It was good to lean on a big tree for shade. He felt that he had made the right choice. Following Junxiao Group was even more promising than following Wansheng Group.

Peng Yu gasped. Was the Junxiao Group really that rich? He suddenly felt uneasy about competing with Junxiao Plaza, and at the same time, he regretted not having competed with Xu Jun before.
Not to mention them, even Zhao Hui couldn't believe it when he saw the news. He had always known that Chen Xiao was rich, but he never thought he was so rich.

This investment is worth tens of billions. Looking around the world, how many people can afford such a large sum of money!
The key is to see how they take it so lightly, as if hundreds of billions are nothing.

Although he is the vice president, he is more informed about the group's news than Xu Jun. He has heard that Xu Wu is planning to continue acquiring the commercial plaza.

(End of this chapter)