My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 85: A Tech Maniac Meets a Soulmate! Buying BYD at the Bottom!
"Mr. Chen, to be honest, this is exactly what I want to do."
Wang Chuanfu put down his wine glass, his tone revealing a sense of gratitude for having found a kindred spirit:
"Since last year, I've been thinking about building cars. The domestic car market is about to explode, but the traditional gasoline car track has been blocked by Europe, America, Japan and South Korea. If we want to break through, our only hope is to overtake them by changing lanes."
"Electric cars are like that bend in the road."
At this point, his tone shifted, and his expression turned serious: "But the ideal is often far from reality. With BYD's current battery technology, it's still a long way from being able to power a car weighing one or two tons, both in terms of energy density and driving range."
Chen Feng nodded slightly, his gaze firm: "Technological bottlenecks are temporary. As long as the direction is right, we are not afraid of how far the road is."
"They've been developing gasoline-powered cars for a century, so it's normal that we can't catch up. But with battery technology, everyone is on the same starting line. What I admire about Mr. Wang is his 'technology fanatic' spirit."
"BYD's investment in research and development is evident to all. I believe that given enough time and money, they will be able to overcome this challenge sooner or later."
"This is also why I invited you here today—I want to provide BYD with resources, not just as a shareholder, but as a comrade-in-arms."
These words warmed Wang Chuanfu's heart.
From a business perspective, it's extremely rare to find an investor who understands technology, has vision, and is willing to invest real money to support you.
"Mr. Chen, you flatter me. Actually, I was really surprised to receive your invitation."
Wang Chuanfu gave a wry smile, "After all, you are now a big name on the Hurun Rich List, the second richest person in the country, the title carries too much weight."
Chen Feng smiled but didn't reply, gesturing for him to continue.
Wang Chuanfu gathered his thoughts and said frankly, "Since President Chen is being so open, I won't hide anything from him either. I am indeed already investigating the acquisition of Qin Chuan Automobile and preparing to obtain the license to enter the market."
"But there is a very real obstacle at present - BYD is preparing for a Hong Kong H-share listing in the middle of the year. Introducing new shareholders at this critical juncture will be very complicated in terms of procedures."
"More importantly..."
Wang Chuanfu sighed, a hint of helplessness on his face. "There are huge disagreements within the company about building cars. Most shareholders are strongly opposed, feeling that it's burning money and courting death. To ensure a smooth listing, I have to put this idea aside for now and plan to reconsider after the IPO."
After hearing this, Chen Feng's lips curled up slightly.
"Mr. Wang, now that we've chosen the right path, why wait any longer?"
"Rather than being dragged down by those short-sighted shareholders, it's better to make a clean break sooner rather than later."
Chen Feng leaned forward, his eyes sharp. "Since they oppose manufacturing cars and are even worried about the impact on their IPO valuation, why not let them cash out and leave? I'll take over all their shares!"
"Furthermore, I promise you that after investing, I will unconditionally support your decision to enter the automotive industry. I will provide you with both financial and personnel support."
Wang Chuanfu's pupils contracted slightly, and his heartbeat quickened.
This is indeed a very tempting offer.
If we can get rid of those conservatives who only want to make quick money and replace them with a powerful strategic ally like Chen Feng, the car manufacturing plan can start immediately, and we won't have to suffer any more humiliation.
Although changing personnel at the last minute may cause fluctuations in the capital market, Chen Feng's identity is the best stabilizing force.
The fact that the "second richest man in the country" has heavily invested in BYD is itself the strongest endorsement.
This is enough to offset any negative sentiment caused by the risks of car manufacturing, and may even cause the stock price to soar before it even rises.
Having figured things out, Wang Chuanfu no longer hesitated.
"good!"
He nodded emphatically, his eyes gleaming with determination. "Since President Chen has this kind of courage, I, Wang Chuanfu, cannot back down. I will go back and convene a board meeting to confront those shareholders."
"As long as they're willing to sell, I'll pave the way for you!"
"happy!"
Chen Feng raised his glass. "Then I'll await good news."
In the time that followed, the two put aside their formalities and began to talk freely.
From the iterative path of battery technology to the intelligent trend of future cars, and the transition strategy between hybrid and pure electric vehicles... Chen Feng, combining Chen Xiaotian's inner thoughts, revealed many forward-thinking viewpoints.
These insightful views captivated Wang Chuanfu, who nodded repeatedly, as if he regretted not having met them sooner.
The meal lasted for more than two hours, and even after the food on the plates had gone cold, the two were still not satisfied.
After the dinner ended, Chen Feng personally escorted Wang Chuanfu to the door, and after receiving another promise from the other party to "settle the shareholders as soon as possible," he waved goodbye.
Watching Wang Chuanfu's car disappear into the night, Chen Feng turned around and got into the back seat of the S600.
"Xiao Gu, thank you for being my driver tonight. Drive the car back first, and come pick me up tomorrow morning."
Chen Feng rubbed his temples and gave instructions to Gu Qingcheng in the driver's seat.
Gu Qingcheng had been waiting outside the private room without touching a drop of alcohol. At this moment, she skillfully started the car: "No problem, President Chen."
The car smoothly merged into the traffic. Chen Feng looked at the neon lights outside the window and suddenly said, "By the way, notify the human resources department to hire me a full-time driver."
"It's not a good idea to always have your special assistant as your driver, especially since you'll be having a lot of social engagements in the future, and you'll need someone dedicated to you."
"OK."
While observing the road conditions, Gu Qingcheng suggested, "President Chen, I think it would be best to prioritize veterans when choosing a driver. They are skilled, highly vigilant, and can both drive and act as bodyguards, killing two birds with one stone."
Chen Feng agreed wholeheartedly: "That makes sense. We'll do it your way, but we need to be more composed and experienced."
After arranging the trivial matters, Chen Feng lowered the car window and let the evening breeze blow in.
Recalling Wang Chuanfu's attitude just now, he was certain: the investment in BYD was basically secured.
Once those short-sighted shareholders are won over, getting a ticket to the game is only a matter of time.
......
Unsurprisingly.
Just three days later, Wang Chuanfu called.
On the phone, the "tech fanatic" sounded quite excited: "Mr. Chen, it's all settled! I laid my cards on the table with several fund shareholders and made it clear that I wanted to enter the automotive industry. As soon as they heard that it would cost a fortune to build cars, they were all eager to cash out and leave."
"They are willing to transfer their shares, but you will need to send someone to negotiate the specific price."
Chen Feng was overjoyed upon hearing this.
Sure enough, in this era, few people are optimistic about BYD's car manufacturing.
These short-sighted capitalists only want to make quick money, which gave him the opportunity to buy at the bottom.
"Okay! I'll have Yu Bo from Fengtian Capital handle the contact."
Just as he was about to hang up, Wang Chuanfu made a new suggestion.
"Mr. Chen, in order to deepen the trust between the two parties, and also to ensure a seamless technical integration between Fengchi and BYD in the future, I have a favor to ask."
"I'd like to push for a share swap between BYD and Fengchi Electric Vehicles, resulting in cross-shareholding. What do you think?"
After a moment's thought, Chen Feng readily agreed: "I couldn't be happier."
Cross-shareholding implies a deep entanglement of interests.
If Fengchi wants to manufacture electric vehicles in the future, it will inevitably need the battery support of BYD. With this close relationship, it won't be afraid of being held back by supply chains.
Moreover, exchanging Fengchi's shares for a future billion-dollar giant is a deal that's a win-win situation no matter how you look at it.
"I will have Zhang Qiang from Fengchi discuss the specific replacement plan with you in detail."
......
With both sides reaching an agreement, the two negotiation teams quickly entered the room.
Although the general direction has been set, the specific valuation and replacement ratio are still a tug-of-war that requires meticulous attention to detail.
The negotiations lasted for half a month.
Finally, the dust settled.
Regarding the equity swap: Fengchi Electric Vehicles relinquished 5% of its shares in exchange for 6.5% of BYD's shares. The two parties thus aligned their interests at a ratio of 1:1.3.
Regarding the transfer of existing shares: Fengtian Capital spent 2.23 million yuan to acquire a total of 17.1% of BYD shares held by several investment institutions.
The process went exceptionally smoothly; one could even say the other party was "eager" to sell.
Because Wang Chuanfu was extremely stubborn at the negotiating table, insisting on building cars, the fund managers, fearing that BYD would be dragged down by its car business, not only didn't raise the price much, but actually facilitated the deal as if they were getting rid of a burden.
If they knew that BYD's stock price would soar due to its automotive business, they would probably be kicking themselves.
The agreement has been signed.
With this, Chen Feng, through Fengtian Capital and Fengchi Electric Vehicles, controlled a total of 23.6% of BYD's shares, becoming the second largest shareholder after Wang Chuanfu.
BYD also holds a 5% stake in Fengchi, and the two parties have officially formed a defensive alliance.
......
With the injection of funds from Fengtian Capital and Fengchi Electric Vehicles, the internal noise within BYD has completely disappeared.
With no worries about the future, Wang Chuanfu showed a decisive and efficient side.
He immediately led a team to Xi'an to conduct intensive acquisition negotiations with Qin Chuan Automobile.
According to the original historical trajectory, this acquisition would not be finalized until January next year, but due to Chen Feng's strong intervention, this process was brought forward by a full six months.
However, Chen Feng did not interfere too much with these specific implementation details.
For him, investing in BYD was simply to plant a seed for his future car manufacturing business; how that seed would sprout was Wang Chuanfu's business.
However, just as Chen Feng had finished dealing with the BYD matter and was about to catch his breath, Zhao Ya hurriedly knocked on his office door.
"Mr. Chen, something's happened."
Seeing Zhao Ya's serious expression, Chen Feng put down his teacup and asked in confusion, "What's wrong? What serious incident happened?"
Zhao Ya took a deep breath and said in a low voice, "Did you watch Lenovo's press conference yesterday?"
"Lenovo?"
Chen Feng was taken aback, somewhat confused. "The computer sales company? What does their press conference have to do with us?"
He really didn't have the time to keep up with the activities of a PC manufacturer.
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