109: Chapter 109 A Huge Investment of 10 Billion Yuan to Enter the Automobile Industry

He stared at Shen Fei for a while.

"Do you know what people here are calling you now?"

He pointed to the building next door, but Shen Fei did not answer.

"Shen the Half-City," Zhang Shiqing said these words, his tone neutral. "It started in the Yangcheng tech circle, saying that you invested in Huawei at the beginning of the year, and later in the year, you successively acquired stakes in the JD.com platform and Tencent.

Some people even say that the assets controlled by Chuan Yin Group are almost catching up to the market value of half of Yangcheng's old city district.

Tencent and Huawei are both large enterprises, so it's inevitable that they will arouse jealousy in some people."

Shen Fei didn't speak, just stood there calculating... As he calculated, he realized those people actually had a good eye.

They really weren't wrong!

After six months of development, Huawei Terminals has firmly secured the top spot for Smartphones in the country, and a valuation of 6 billion US dollars shouldn't be a problem.

50% is 3 billion US dollars.

Tencent... although the stock price has been falling since the resumption of trading, a 20% stake is still worth over 6 billion US dollars...

As long as JD.com lays a good foundation for logistics, it will be another hundred-billion-level enterprise.

Seeing Shen Fei calculating there, Zhang Shiqing didn't say much more. After all, his money was earned through his own ability, and everything was documented... Even if some people wanted to make a move, it wouldn't be that easy.

"Your money was earned legitimately, but I'm telling you, this title is dangerous," he said warningly.

"Your grandfather was a workshop director at the machinery plant back in the day, and later became the deputy factory director. Out of the 800 people in the factory, not a single one called him 'Director'; they all called him 'Old Shen'.

The year he retired, the factory gave him a plaque that said, 'Virtue Carries Everything'."

He looked at Shen Fei: "What kind of plaque do you hope people will give you in 30 years?"

The office fell slightly quiet.

Shen Fei finally understood where the plaque at home came from...

As for what plaque they would give him, he didn't particularly care. He wasn't in politics, and since people can say what they want, any explanation from him would be superfluous.

He didn't explain further.

"I'll keep that in mind," he said.

Zhang Shiqing nodded.

"Do well in the new energy sector," his voice softened. "The highest levels have already noticed you. Your future is very bright, so don't get involved in those subsidy scams."

"I won't."

"Don't sacrifice safety to rush the schedule."

"Don't worry, Dad."

"Don't think that just because you have a technological advantage, you can slow down. The higher-ups' plans for new energy are beyond your imagination."

Shen Fei smiled slightly. He probably knew more than Zhang Shiqing, who was a high-level official, about just how much confidence the higher-ups had in new energy.

But these instructions still warmed his heart.

Finally, Zhang Shiqing looked at him and said, "Alright, you go now!"

Shen Fei stood up, walked to the door, and paused.

"Dad."

"Hmm."

"The planned range for the first car from Transsion Auto is over 600 kilometers."

Zhang Shiqing looked up.

"Not a theoretical value, but actual testing. And not in three to five years, but next year."

He looked at his father-in-law: "We won't slow down."

"Good. Since you have this confidence, you can be appropriately proud. Don't worry about all that messy business; as long as you succeed.

This is just their jealousy.

Most people don't care about the process, they only look at the results. Remember, guard against petty people."

Shen Fei nodded; he understood all these things.

However, his father-in-law's intentions were good.

Famous at a young age! The thing to fear most is being overly arrogant and letting others catch you in a mistake.

Buying a company for 1 yuan, while rare, hasn't never happened. Even a powerhouse like Huawei... was once almost...

...

November 20th, 10:00 AM.

Huaxin Investment and Transsion Holdings jointly released a brand-new announcement: "Huaxin Investment is injecting 10 billion Chinese Yuan into the Transsion Auto project, holding a 70% stake.

Transsion Auto is officially established. The headquarters is located in Yuexiu District, Yangcheng. We expect to launch our first smart electric vehicle within three years and simultaneously build a smart car manufacturing plant with an annual capacity of over 500,000 units."

At 10:30 AM, Transsion Auto officially released a recruitment poster: "We are looking for excellent automotive engineers. Anyone who passes the final assessment will receive a 30% salary increase. For those with exceptional ability, there is no cap on the increase, which can reach up to three times their original salary.

Work location: Yangcheng.

Join us, and let us build a globally leading electric vehicle together."

After this news was released, the internet completely exploded.

#2009 Huaxin's Another Ten-Billion Investment#

#New Energy Trend#

#What is the secret of new energy vehicles that makes countless tycoons strive for them#

"Holy crap, ten billion in cash. This isn't just building cars; it's like playing with a hacked save file."

"The boss is so rich, why not acquire our company... I really don't want to work this crappy job anymore."

"The competition in new energy vehicles is about to get intense!"

"What kind of company is Huaxin?"

"To the person above, it's a financial capital firm, super rich."

Thanks to the attention from the massive investment, Transsion Auto's following quickly exceeded 300,000.

The backend also received quite a few direct messages from automotive engineers, most of which were asking about salaries. Of course, there were also some trolls attacking it as capital hype, claiming that they would start using connections to defraud massive subsidies...

Transsion Auto: "[Screenshot] Registered capital of 10 billion, already fully paid up. The content of this Weibo post is factual, absolutely no fabrication.

Capable individuals are welcome to inquire; our recruitment team will definitely not disappoint you!"

Not long after the Weibo post, in a certain engineer group at the BYD Automotive Research Institute, messages immediately hit 99+.

"Has anyone seen that recruitment post from Transsion?"

"Saw it, three times the salary! And it's 10 billion in registered capital; they really aren't short on money."

"It must be fake, just PR hype. Transsion has already been forced to move overseas."

"I asked a classmate who works at the Yangcheng Municipal Government, it's true.

Huaxin invested 10 billion, it's already in place, and the car manufacturing license has also been approved."

"...Damn, where's my resume? We're all in new energy; I have to jump ship!"

Half an hour later, the news of Huaxin's 10-billion investment had already shown the entire automotive industry a new hope... Even some people working in joint-venture car factories were holding onto great confidence.

Must join Transsion.

Whether they are really building cars or just faking it, you really can't refuse three times the salary.

BYD headquarters, Human Resources Department.

The HRD placed the report on the desk.

"Mr. Wang, Transsion's recruitment announcement."

Wang Chuanfu took one look, and a worried expression immediately appeared on his face. The most important thing for electric vehicles is the three electric systems, and the highest cost is the battery. This was also the thing BYD was most proud of...

Their iron batteries focus on safety, low cost, and long cycle life, but the energy density is really quite average, which causes the weight to be a bit excessive...

"175Wh/kg," he said. "Do they really have it?"

"The people at the Electric Power Research Institute say the data from the submitted samples is real, and the cycle life is even better than the industry average."

Wang Chuanfu was silent for a few seconds.

As the leader in new energy vehicles, their plug-in hybrid model, the F3, only has a pure electric range of 100km, and in reality, it can only run for 70 or 80 kilometers.

"Notify the research institute. Move up next month's strategic meeting. Add a few discussion items...

The possibility of new battery research, salary increases, and significantly increasing year-end bonuses."