My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.

three days later.

Lin Wan walked into Chen Feng's office carrying a thick research report.

"Mr. Chen, we've got the situation figured out."

Lin Wan handed the report to Chen Feng, turning the pages as she spoke:

"The domestic electric bicycle market is on the eve of a boom. Last year, the total sales volume was about 30 units, but in just the first five months of this year, the sales volume has already approached the total of last year."

"There were countless manufacturers, large and small, totaling hundreds, which was typical of the early days of the industry."

"The leading brands include Qianhe, Daluge, and Yilaida. In our local Shanghai, there is a factory called Luyuan. Although it is not as well-known as the aforementioned companies, it is developing very rapidly. This year, its sales in Shanghai have exceeded 4,000 vehicles."

"Shanghai is currently the city with the highest sales volume of electric vehicles in the country, with more than 25,000 new license plates issued this year."

"As for core components, the technical threshold is actually not high."

"The main components are the battery, motor, controller, and charger. In terms of batteries, BYD is a leader in China. As for motor technology, all companies are about the same, with no fundamental differences."

As Chen Feng listened, he flipped through the report, nodding frequently.

Lin Wan's data confirmed his judgment.

This is a super market with a population base of 1.3 billion, and its future growth potential is astonishing.

"What about the cost?" Chen Feng asked, looking up.

"We also made estimates."

Lin Wan replied, "Although we can't get the core data from each company, based on the price of parts, the cost of low-end cars on the market is currently between 350 and 450 yuan, and the cost of mid-to-high-end models will not exceed 700 yuan."

"But the retail price is still 1,500 yuan for the cheapest and 2,500 yuan for the most expensive. The profit margin is quite considerable."

Chen Feng raised an eyebrow upon hearing this.

The cost is a few hundred yuan, but it sells for one or two thousand? That's several times the profit!

No wonder so many factories have sprung up in this industry; it's incredibly profitable.

"Mr. Lin, if we were to acquire a factory, what suggestions do you have?" Chen Feng asked, closing the report.

After a moment's thought, Lin Wan offered her opinion: "If President Chen doesn't have strict requirements regarding scale and market share, and only values ​​production lines and basic technology..."

"I think Green Source, a local company in Shanghai, is a good investment target."

"Its ability to carve out a niche in the fiercely competitive Shanghai market demonstrates the high quality of its products. Moreover, as a local company, the acquisition facilitates management and allows for rapid resource integration."

Chen Feng nodded approvingly: "Great minds think alike, this is the one."

"Go and make some initial contact, sound them out. The price is negotiable; as long as it's not outrageous, we can discuss it."

"Understood, I'll take care of it right away."

......

Just as Lin Wan was busy negotiating the acquisition, Chen Feng welcomed another distinguished guest.

IDG's representative, Wang Jun, visited again.

"Mr. Chen, I have accomplished my mission!"

Upon meeting, Wang Jun greeted everyone with a beaming smile, saying, "Our US headquarters has already secured Walmart!"

"Walmart?" Chen Feng's eyes lit up.

"That's right, the world's largest retail giant."

Wang Jun said with some pride, "Although you still need to send someone to negotiate the specific entry fee and profit sharing ratio, they have agreed in principle to allow Fengtian Technology's products to be listed for sale."

"This means that F1 and T1 will be available directly on the shelves of thousands of Walmart supermarkets across the United States, reaching the widest consumer base."

"In addition to offline channels, we have also integrated with Amazon's online channels."

"As soon as the goods arrive in the US, we can start selling them both online and offline simultaneously. With the distribution channels in place, the rest is up to us to promote them."

Upon hearing this news, Chen Feng couldn't help but squeeze Wang Jun's hand tightly.

"Representative Wang, thank you so much! This efficiency is truly worthy of IDG!"

With Walmart and Amazon as major channels, it's like having a direct ticket to the US market.

If you add the MusicBox, a killer feature, it's hard for F1 not to be a hit in the US.

"Mr. Chen, you're too kind. We're now in a community of shared interests. Helping Fengtian is helping ourselves," Wang Jun said with a smile.

"However, Walmart is quite complicated due to the offline entry fees and revenue sharing, so you will definitely need to go there in person."

"no problem."

Chen Feng nodded, tapping his fingers lightly on the table. "I'll be heading to the United States this week."

"That's great."

A hint of approval flashed in Wang Jun's eyes. "We will arrange for a consultant familiar with the US retail market to accompany you, and senior executives from IDG headquarters will also receive you."

"Also, Mr. Chen, do you have any plans regarding the pricing of F1 and T1 in the United States?"

After a moment's thought, Chen Feng recited a set of numbers.

"The F1 costs 2699 RMB in China, which is about 330 USD. Considering tariffs and distribution costs, I plan to set the price at 349 USD."

「T1的128M版本，定价149美元；256M版本，179美元。」

"This price..." Chen Feng paused, his gaze sweeping over the people present, "will both guarantee our profit margin and allow us to compete with or even crush the products on the market."

After listening, Wang Jun nodded repeatedly: "A very competitive price. Those bulky and ugly MP3 players on the American market now cost two or three hundred dollars, and their functions and appearance are incomparable to ours."

"Given its absolute product strength, this pricing is simply a game-changer."

"By the way, Representative Wang."

Chen Feng seemed to suddenly remember something, "Besides retail channels, there's something else I need IDG to help me with."

"Please speak," Wang Jun said, immediately sitting up straight.

Regarding high-speed brushless motor technology...

Chen Feng spoke casually, as if he were discussing a trivial matter, "If it's convenient, could you help me find out which companies or laboratories in the United States possess this technology?"

"I want to bring this over and make some small inventions."

Wang Jun was taken aback: "High-speed motor? Mr. Chen, are you planning to...?"

"Hey, I just think this thing is pretty interesting, and I'm thinking of using it to make some electronic toys or something."

Chen Feng chuckled, without revealing the grand plan for electric bicycles.

Although Wang Jun was somewhat suspicious, he did not investigate further.

Anyway, as long as Chen Feng doesn't squander IDG's money, it's a good thing to build up some technical reserves.

"Okay, I'll let them know in the US and tell them to keep an eye on this."

"Thank you very much."

After seeing Wang Jun off, Chen Feng didn't rest. Instead, he immediately called Lin Wan to his office.

"Mr. Lin, this trip to the United States is not only to finalize deals with Walmart and Amazon, but also to begin establishing a branch office."

Chen Feng got straight to the point: "The US market is crucial, and we need a capable person to be stationed there long-term."

"After thinking it over, you're the most suitable person."

Upon hearing this, Lin Wan's expression turned serious, but she did not refuse: "President Chen, rest assured, I'm willing to go. It's just... if I leave, who will take over all the affairs back home?"

This is indeed a problem.

Chen Feng now has to manage not only Fengtian Technology, but also Legend Network, plus the upcoming electric vehicle project, leaving him with too many tasks to handle.

A reliable person is needed to handle the daily operations in China.

What do you think of Zhao Ya?

Chen Feng suggested, "She is the marketing director, most familiar with the product and the market, and her performance during this period has been remarkable. The MP3 distribution channels in China are almost fully established, so the workload of the marketing department is relatively light, and she has the energy to handle everything."

Lin Wan pondered for a moment and nodded: "Director Zhao is indeed a suitable candidate. She is decisive and efficient, with strong execution capabilities."

"Then it's settled."

Chen Feng immediately made the decision: "Promote Zhao Ya to the position of Vice President of the company, to oversee the daily operations in China."

"In addition, let's take this opportunity to standardize the company's job level system and compensation system."

"Now that the company has grown, it can't still be like a makeshift operation. For example, your job title has been adjusted to CEO, responsible for overseas business, and your annual salary... has increased to 500,000."

"For other senior and middle managers, you should also draft a plan, referring to this standard and reducing it layer by layer."

"We'll finalize this when I get back from the US."

Lin Wan's eyes lit up instantly upon hearing this.

An annual salary of 500,000! In this day and age, that's absolutely top-tier among high-earners. Previously, her annual salary was around 300,000, so this is almost double!

"Thank you, Mr. Chen!"

Lin Wan said excitedly, "I will definitely live up to your trust and conquer the American market!"