288: Investing in Ningde

Therefore.

Zeng Yuqun did not hesitate at all.

He immediately nodded excitedly and said, “I’ve always heard a saying circulating in investment circles: Brother Junlin is the most amazing angel investor!”

“I was a little skeptical back then, but now I truly believe it!”

“Mr. Wang Lin, I am very willing to accept your investment!”

“And here, I promise that I will definitely give you the maximum quota within my authority, and I will also help you secure more investment funds within my team!”

When Wang Lin heard this, he knew the deal was sealed.

Others might not know, but how could he not know? Zeng Yuqun held absolute dominance over CATL before its restructuring.

Furthermore, Zeng Yuqun's influence would peak when it was fully restructured into a joint-stock company later on.

But for Wang Lin, the current situation was already enough!!

Wang Lin smiled and said, “If possible, I plan to invest 5 billion at a valuation of 23 billion yuan for your company!”

Wang Lin was already stating a low figure; if he could, he could directly put up 10 billion.

But he was afraid the other party might hold back due to concerns and not dare to accept it.

After all, no matter how much funding they received, if they lost company shares, wouldn't that be equivalent to working for someone else?

This was only the A-round financing; subsequent rounds would require continuous capital injection.

Therefore, 5 billion was truly the optimal amount.

This caused Zeng Yuqun to fall into deep thought.

He looked up at Wang Lin, and after a long time, he sighed, “Mr. Wang Lin, you are definitely a formidable venture capital magnate. Thank you so much for the 23 billion valuation.”

“And the 5 billion in investment funds is exactly what we urgently need!!”

Based on the 23 billion valuation, this 5 billion in capital equates to just under 22% of the shares.

For A-round financing, this is actually quite acceptable.

The most preliminary cooperation between the two parties was thus reached.

With this major prerequisite established, the subsequent cooperation between the two sides would be simple and efficient.

Zeng Yuqun even suggested visiting the New Energy Vehicle production base in Zheng County: “Brother Junlin, I roughly understand your business concept for New Energy Vehicles. Our CATL batteries are absolutely world-class!!”

“Just like with this financing round, most of the capital is actually aimed at improving ternary lithium and lithium iron phosphate technology. If we can optimize energy density and reduce costs, it will certainly be a powerful moat for our company!”

“Furthermore, this investment capital will be directed towards production bases in Jiangxi, Jiangsu, Qinghai, and other places, specifically for expanding capacity and energy storage battery technology!”

“Once these projects are completed, I will ensure that the latest power batteries are provided to our friendly partners immediately!!”

Zeng Yuqun spoke eloquently about these matters.

Wang Lin naturally understood that everything he said was true.

Otherwise, how would the rapid performance growth period of the next few years come about?

And what about the IPO in '18?

Regarding the issues raised by Zeng Yuqun, Wang Lin nodded in approval: “Let's go. I wanted to go and take a look as well.”

“I estimate Juntu Automobile should be close to finishing its relocation too.”

.

In the Modu prison cell.

Xu Xiang's charges were essentially confirmed, and he personally nodded in acknowledgment.

The next step is to follow procedures.

...No inspiration, writing this chapter tomorrow.