From knock-off old-man's electric vehicles to industrial giant

Chapter 44 Far ahead!

[Entries are being extracted automatically...]

……

[Successful extraction! Congratulations, host, you have obtained the entry "Leading the Way"!]

...

When the host's research and development technology leads the market, company employees receive a 200% research and development capability bonus.

When the technology developed by the host lags behind the market, company employees receive a 200% boost to their research and development capabilities.

When the host's research and development technology encounters a bottleneck, company employees receive a 200% boost to their research and development capabilities.

When employees of the host company are over 35 years old and have not been optimized, they will automatically acquire the loyalty attribute, increasing their loyalty to the company by 200%.

[When an employee of the host company has worked for the company for more than a year, their loyalty increases by 20%, and will automatically increase by 20% every year thereafter.]

When the host is affected by force majeure or additional factors, or encounters external sanctions while developing a certain technology, they will automatically gain a 1000% research capability bonus.

...

(Far ahead! We are far ahead! We will be ahead for life! We will always be ahead! Our products are far ahead of the world! Far ahead of the entire universe! Far ahead! Far ahead! Leading!!!!!!!!!)
When the host company's net profit exceeds 100 billion, the next term will be automatically extracted.

……

"Holy shit...!!"

"This is way ahead of the curve."

Looking at the activated entry, Xu Yi was beyond stunned.

I was completely shocked.

Recently, he has been preparing to expand the company's strength and foundation in all aspects.

Whether it's management positions, or human resources, finance, R&D, or production, all aspects need to gradually get back on track as the scale expands rapidly.

In addition to regular department staff, the company has significantly expanded its middle and senior management.

Some were promoted, while others were transferred at the same level.

Take the newly established position of CFO for example. These are rapidly developing technology companies that will eventually receive financing and go public. To fill this position, one needs not only rich experience and qualifications, but also, most importantly, connections.

The original finance manager was named Dong Wei, and his main responsibilities included financial management, bookkeeping, budget preparation, cost verification and control, and taxation.

The new CFO is named Liang Shouzhou, who is Dong Wei's "senior classmate," graduating eight or nine years earlier. He once returned to the school to hold a recruitment fair and was introduced to HR through Dong Wei's connection. Although his academic qualifications are not particularly outstanding, he has worked in several startups and investment institutions and has experience in leading financing and listing. He has a very good track record.

Unfortunately, top-tier graduates with exceptional academic qualifications and work experience don't even look favorably upon companies like theirs.

For such talent, Xu Yi offered trial salaries slightly higher than the market rate, and also promised a portion of stock options.

Also.

The R&D department recruited another batch of talents in the field of electric drive, battery, and motor systems.

Several of them were recruited through connections with Sun Pengfei, the current director of the three-electric system, and some were even originally from the same team within Huichuan.

It's fair to say that poaching is a classic case of pulling up a radish and bringing the mud along with it. Having a reliable, highly qualified manager makes finding people much easier, especially when you have their connections and credibility. Whether it's poaching former project colleagues or existing business partners, it's all perfectly logical if the terms and price are right.

In addition, there are several high-achieving students who are responsible for battery development.

To enter the new energy vehicle industry, R&D and production investment is the absolute bulk of the investment.

It's not just about burning money; the most crucial thing is burning through talent.

The truly top-tier car manufacturing talent teams are mostly in traditional OEMs, or they are simply poached from overseas. This includes emerging new car manufacturers that have sprung up in recent years, such as NIO. They not only have internet backgrounds and large-scale financing backing, but also spare no expense in poaching talent in order to quickly build R&D and car manufacturing teams and turn the funds raised into products as soon as possible, thus launching a series of talent wars.

It's worth mentioning that even with such thorough preparation and the high cost of assembling top-notch teams, these leading new players, including established companies undergoing transformation, have not had a smooth journey in the new energy vehicle manufacturing industry.

They've basically burned through cash, losing over 500 million yuan every quarter on average, a crazy loss.

Therefore, Xu Yi was originally worried about the company's research and development capabilities.

Even with the added benefit of the "fever" tag, might it seem too weak? After all, the "fever" tag appears to be all-encompassing in terms of marketing, improving work efficiency, and enhancing production quality.

However, there has been little fundamental improvement in research and development capabilities.

The only factor that can boost "200% R&D speed" only works when imitating and developing competitors' products, which means their company is only suitable for engaging in competitive, low-level competition.

Hmm...something sounds off.

But then again...

When it comes to "senior citizen vehicles," they are using a disruptive, all-encompassing product strategy to crush their competitors.

However, when it comes to actually competing with these traditional OEMs and emerging companies, the reality is quite challenging.

They not only have financial power, but also a top-notch team, making them truly far ahead in every aspect.

Being ahead is one thing, but selling cars isn't just about making money; who can compete with that?
They recklessly poured money into technological advancements, from vehicle hardware to battery and electronic control systems, and even invested billions in autonomous driving algorithm models.

This massive, historically largest cash-burning war in the new energy sector only came to a reluctant end seven or eight years later.

Companies like Levdeo Auto, which achieved some small success in the electric vehicle sector for the elderly and then dreamed of going all in on the new energy vehicle manufacturing industry with billions of yuan in funding, were ultimately swept away by the overall economic environment and became nothing more than roadside stalls.

And now.

The situation has changed; now we have the advantage of being "far ahead".

Even without top-tier experts leading the team, R&D is no longer a weakness for a small car manufacturing company like theirs.

Far ahead!

The advantage is mine! !
...

"President Xu, there's been progress on the matter with Guojin Mining Group..."

That same afternoon, Fang Ziqiang brought a bombshell announcement.

"The situation has been basically investigated. The current CEO and actual controlling shareholder is Li Minghui. He hasn't revealed anything to the public, but through multiple investigations, the actual situation is very bad. In addition to 5 million yuan in defaulted bank debts, there are a bunch of non-performing assets and claims. The only thing that still has some value is 300 mu of supporting development land in the High-tech Zone..."

"As for the new energy vehicle manufacturing qualification, I can only say that the situation is a bit complicated. I found that the reason why Guojin Group applied for the vehicle manufacturing qualification is mainly because the group also actually controls a car manufacturing plant, and it borrowed a certain vehicle manufacturing qualification."

Back in 13, Guojin Group acquired some shares of Shaanxi Automobile Tongjia. Shaanxi Automobile Tongjia itself holds production qualifications for all categories of vehicles starting with 1, 5, 6, and 7 (light trucks, special vehicles, buses, and cars), and its main business now is the manufacture of electric logistics vehicles.

Guojin Group not only borrowed Shaanxi Automobile Group's qualifications, but also bought an existing bus production line and moved it to the shell factory. Based on this, Guojin Group developed and produced a small, licensed vehicle and launched it on the market, using the application for vehicle manufacturing qualifications as a pretext to aggressively raise funds.

At this point, Fang Ziqiang sighed:

"Moreover, this didn't start this year. As early as 13, Guojin Group had already begun fraudulently obtaining qualifications... Yes, that's what they were doing."

However, the approval has not been granted because the vehicles produced and registered by the company were launched less than half a year ago, and production has already been completely halted. It is said that hundreds of millions of yuan have already been burned through, and subsequent research and development and funding have run out. Moreover, not only has the approval failed, but even the investment from Zibo High-tech City Investment Company has not been secured.

It is said that he also owns a salt lake mineral exploration right, which is about to expire, and he simply doesn't have the money to renew it.

Hear this.

Xu Yi was taken aback.

Good guy!
Speculating on cobalt mines to fraudulently obtain bank loans, investing in shell factories to fraudulently obtain qualifications, and dragging in local government investment companies... Is this company always this unscrupulous?
According to the findings of this investigation, the so-called Guojin Group has not had a smooth journey at all.

To put it bluntly, the development history of this group is nothing but speculation, speculation... and more speculation!

Then the all-in bet failed!

Not only did their attempt to hype up cobalt mines fail, but even with the car manufacturing license they were using, they never actually intended to manufacture cars.

They set up a factory and production line to pretend to produce vehicles, but their main purpose was to apply for "independent new energy vehicle manufacturing qualification".

Judging from this momentum, they will probably obtain the "independent car manufacturing qualification" and then immediately raise funds, or simply sell it off as a package. From the perspective of investment-production ratio, it will definitely be a huge profit.

But the government isn't stupid; it simply won't approve it.

……

(End of this chapter)