My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 61 The North American market has completely exploded!
This document is about a plan for restructuring the company.
Lin Wan had clearly put a lot of thought into it, referencing the standards of many multinational corporations.
As Chairman and CEO, Chen Feng grasps the overall direction.
Lin Wan was promoted to CEO, responsible for overseas business.
Zhao Ya was promoted to vice president, in charge of domestic operations.
This structure ensured Chen Feng's absolute control while also delegating significant authority to senior executives, thus improving operational efficiency.
"Well done."
Chen Feng nodded in satisfaction. "Let's proceed accordingly. Also, notify the HR department to implement the general salary adjustment for all employees this week, so that everyone can see the company's sincerity."
"Okay, Mr. Chen."
After Lin Wan left, Chen Feng got up and went downstairs to Legend Network.
Su Qing also submitted a similar salary adjustment proposal.
Although the two companies have different businesses, they maintain consistency in their management systems, which is conducive to future group operations.
Chen Feng had no objection and signed the approval directly.
"Su Qing, how's Legend's performance this month? How much spare cash do you have in the account?"
Chen Feng got straight to the point and asked.
Although the 55 million yuan for acquiring the electric vehicle factory has not yet been paid, it is only a matter of time, and we must prepare enough ammunition in advance.
Su Qing reported: "President Chen, the momentum in May is even stronger than last month. Although it's only the middle of the month, the turnover in just the first ten days is already close to forty million."
"Currently, we have about 42 million in available funds. If we include the prepaid card payments that haven't been settled yet, raising 50 to 60 million this week shouldn't be a problem."
"Moreover, at this rate, total revenue in May will definitely exceed 100 million, and may even reach 120 million!"
Chen Feng was secretly delighted to hear this.
1.2 million in a single month!
The speed at which they print money is terrifying.
"Okay, let me know when you have 50 million in the account, I need to withdraw this money."
"Okay, Mr. Chen."
Five days later.
Lin Wan, accompanied by several capable assistants, boarded a flight to New York.
With her departure, Fengtian Technology's overseas strategy officially began.
Upon arriving in the United States, Lin Wan immediately threw herself into her demanding work.
Registering a branch office, leasing office space, interviewing GG agents, coordinating logistics with Walmart...
Everything is progressing smoothly.
Meanwhile, Amazon's application to open a store was successfully approved, and the product pages for F1 and T1 were officially launched. They are just waiting for the first batch of goods to arrive at the port before they can start selling.
Domestically.
On May 22, as remittances from distributors across the country arrived one after another, Legend Network's cash balance exceeded 5 million.
Without the slightest hesitation, Chen Feng transferred 55 million yuan to the account of "Luyuan" electric vehicle factory, completing the final transaction.
Immediately afterwards, Chen Feng asked Zhao Ya to go to the Industry and Commerce Bureau to complete the formalities and officially change the company's name to "Fengchi Electric Vehicle Co., Ltd."
The name "Fengchi" conveys a sense of speed and is easy to pronounce, making it far superior to the rustic "Luyuan".
The day after the renaming ceremony.
Accompanied by Zhao Ya, Chen Feng formally met with the core management team of "Fengchi Electric Vehicle".
The original owner took the money and left, leaving behind a deputy general manager named Zhang Qiang, a veteran who had been working in the industry for many years.
Chen Feng looked around the conference room and, instead of appointing a new top leader, announced that Zhang Qiang would serve as acting general manager.
"Mr. Zhang, leave the professional tasks to the professionals. My requirements for you are simple: tighten quality control and streamline the production line."
Chen Feng's tone was calm, but his eyes revealed a sense of authority. "If you do well, the general manager position is yours. If you don't, I can replace you at any time."
Zhang Qiang wiped the fine sweat from his forehead and nodded repeatedly in agreement.
The new boss's decisive and efficient style was already well-known in the industry, and he didn't want to be fired so soon after taking office.
To ensure the safety of funds, Chen Feng specially transferred his old subordinate, Liu Ming, the finance manager, from Legend Network to serve as the financial director of Fengchi Electric Vehicles.
Liu Ming was one of the earliest veterans to follow Chen Feng, and his loyalty is beyond question.
With him guarding the purse strings, Chen Feng felt comfortable handing the business over to outsiders.
After inspecting the factory's production line, Chen Feng was not entirely satisfied with the current level of technology, but he could barely accept it.
After all, this is just a shell; the real core still needs external support.
Upon returning to Fengtian Technology, Chen Feng received a call from Zhou Kai from overseas.
"Mr. Chen, we have news from William that we've made progress on the high-speed motor technology you're looking for!"
Zhou Kai's voice was somewhat excited, "It was discovered in a small laboratory in Detroit. The other party had a mature high-speed brushless motor solution, originally designed for industrial robots, but the technical specifications completely meet our requirements."
"Very good!"
Chen Feng slammed his hand on the table, a huge weight lifted from his shoulders. "Zhou Kai, contact Lin Wan immediately and tell her she absolutely must acquire this technology!"
After hanging up the phone, Chen Feng immediately gave instructions to Zhang Qiang of Fengchi Electric Vehicle.
"Mr. Zhang, immediately select a few of your most senior technical staff, expedite their visa processing, and send them to the United States."
"USA?"
Zhang Qiang on the other end of the phone was completely confused. "Mr. Chen, what are you going to America for?"
"Go inspect the goods."
Chen Feng put it succinctly: "I've found a core technology that can completely transform our product. Your task is to confirm its feasibility and then bring it back."
"Yes! I'll arrange it right away!" Although Zhang Qiang didn't understand the specific technology, he didn't dare to be negligent when he heard his boss's confidence.
A few days later, the technical team from Windspeed Electric Vehicles flew to Detroit.
Under Lin Wan's personal guidance, they conducted extremely rigorous tests on the technology called "high-speed carbon brush hub motor".
The results are encouraging: this technology completely surpasses the mainstream low-speed motors currently available in China in terms of torque, energy efficiency, and heat dissipation performance. Especially in terms of climbing ability, the difference is like night and day.
With the technical team's endorsement, Lin Wan quickly initiated negotiations.
Because this technology doesn't have a large civilian market in the United States—Americans drive cars, who rides an electric bicycle? So the price they asked for wasn't high.
After several rounds of bargaining, Lin Wan finally bought out the entire set of technology patents and production processes for a bargain price of $1.6 million.
When the news reached China, Chen Feng breathed a sigh of relief.
With this "heart," Fengchi Electric Vehicles is no longer an ordinary assembly plant, but a technology company with core competitiveness.
He immediately transferred another 20 million yuan from Legend Network to Fengchi to pay for technology transfer fees and the research and development and production of new models.
......
June arrived in the blink of an eye.
Good news also came from across the ocean.
With F1 and T1 simultaneously launched at Walmart and Amazon, the first week's sales figures are now available.
When Lin Wan called to report, her voice trembled with excitement: "President Chen, it's blown up! It's completely blown up!"
"In just one week, we sold over 8,000 units at Walmart stores across the US! Amazon online sales were completely sold out, with pre-orders booked until next month!"
"Especially F1, although priced as high as $369, its cool touch wheel and MusicBox concept have made it a trendy item for young people. Many stores have even seen queues of people rushing to buy it!"
"Good! Well done!"
Chen Feng held the phone, a smile involuntarily creeping onto his face.
"Don't stop advertising on GG, keep increasing the intensity. Also, launch MusicBox's copyright library as soon as possible, strike while the iron is hot, and keep users firmly engaged."
"Understood, Mr. Chen."
Meanwhile, Legend Network in China also delivered an impressive performance.
Thanks to the continued buzz surrounding the "World's Number One Martial Arts Tournament," total revenue for May reached 1.25 million RMB.
This figure not only broke historical records, but also made Chen Feng's cash flow extremely abundant!
......
June 5th.
The phone call came right on time from across the ocean.
Lin Wan's voice came through the receiver, and even across the Pacific Ocean, her barely suppressed excitement could be heard.
"Mr. Chen, the first week's data is in! We've absolutely blown up the North American market!"
"Walmart's offline channels alone have shipped as many as 25,800 units in the past seven days."
"Of these, 12,000 were high-end F1 models and over 13,000 were low-end T1 models combined."
"On Amazon's online platform, shipments are also approaching the 9,000 mark. Moreover, F1 accounts for an even higher percentage, exceeding 55%."
"It has to be said that it's really easy to make money from Americans. The F1 ticket is priced at $369, and these consumers will pay without batting an eye. Their purchasing power is several orders of magnitude stronger than that of people in China."
Hearing the string of numbers, Chen Feng tapped his fingers lightly on the table as he held the phone, his heart filled with excitement.
In just one week, sales in the United States exceeded 34,000 units.
Even after deducting the high channel fees and marketing costs, the net profit generated this week, converted into RMB, is conservatively estimated to be over 25 million.
Most importantly, the high-margin F1 actually occupies half of the market, which means that Fengtian Technology's brand premium has been initially established.
"What about the inventory? How long can it last?" Chen Feng quickly calmed down and got to the heart of the matter.
"Don't worry about that."
Lin Wan was clearly prepared. "I just confirmed with Zhao Ya in China yesterday. She has urgently allocated 120,000 units of stock, which are being loaded onto ships in batches and sent to the Port of Los Angeles."
"In this batch of goods, the ratio of F1 to T1 has been adjusted to 1:1."
"Zhao Ya complained to me that she had emptied the coffers of all the major warehouses in China in order to support the front line. Now the factories in China are operating on three shifts, with people resting but machines running non-stop."
"very good."
Chen Feng nodded in satisfaction. "Tell Zhao Ya that the production line must operate at full capacity. Also, keep an eye on public opinion in the US, and contact her immediately if there's any sign of trouble."
"clear!"
After ending the call, Chen Feng tossed his phone onto his desk, leaned back in his boss's chair, and let out a long sigh.
"It's time to have a talk with William."
Chen Feng muttered to himself, "The deadline for the first copyright fee payment is less than two weeks away. Now is the perfect time to bring IDG's US headquarters into the game."
With such impressive sales figures in hand, his bargaining power at the negotiating table will increase even further.
Without the slightest hesitation, Chen Feng picked up the internal phone and dialed Zhou Kai's number.
"Assistant Zhou, please arrange a meeting with William at IDG headquarters. Tell him I'd like to invite him to China to discuss our Series B funding."
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