122: Chapter 122 Building cars must be expensive!

BYD Auto Technology Company.

Wang Sifu was somewhat surprised by the sudden visit from Lei Jun and Zhou Fan, but because of their cooperation on second-generation battery technology, he was exceptionally warm at this moment.

"President Lei, Chief Zhou, welcome to BYD. Knowing you were coming, I've been looking forward to it all day!"

Wang Sifu spoke with a smile, his tone sincere.

"President Wang, you are too polite. We actually came here just to pay a visit. I heard that you are currently focusing your main energy on the new energy vehicle sector. Your vision is truly unique!"

"Don't laugh at me, but if it weren't for electric cars, the R&D investment in the mobile phone battery business wouldn't have been so strapped."

Wang Sifu smiled with a sigh.

"Is building a new energy vehicle very expensive?" Lei Jun asked, following up on Wang Sifu's words.

"Of course it's expensive. In just these two years, I have already invested tens of billions. The electric car market is still in a primitive stage, and the R&D investment for various technologies is almost a bottomless pit. Otherwise, I wouldn't have had to cut the R&D budget for mobile phone batteries!"

"Tens of billions!!" Lei Jun was shocked, suddenly feeling that he had been impulsive.

If it really is that expensive, Fanmi's current capital volume might not be able to hold up!

He couldn't help but glance at Zhou Fan.

"President Wang, the technical difficulties of new energy vehicles should mainly be reflected in the battery, right?"

At this moment, Zhou Fan suddenly asked.

"That's right!" Wang Sifu didn't hide anything. After all, Fanmi makes mobile phones, and there is no competitive relationship with him in the new energy vehicle sector.

At this moment, he spoke his mind.

"Battery technology indeed takes up the bulk. Almost over 70% of the R&D expenses invested by BYD are spent on this!"

"The technology for complete vehicle manufacturing can instead be introduced from abroad, or we can cooperate with some domestic car manufacturers, which is easier to solve!"

Speaking of this, Wang Sifu couldn't help but smile bitterly and shook his head.

"Even so, our current R&D on lithium iron phosphate batteries still has some gap compared to advanced foreign technology!"

"This also leads to the fact that the performance and range of electric cars are far from sufficient, and it is almost difficult to form a large-scale market effect. I don't know if you have heard a saying... current electric cars are all toys!"

As he spoke, the helplessness in Wang Sifu's tone became more obvious, and he finally sighed deeply.

Hearing this, Lei Jun smiled.

"President Wang, since you have chosen to lay out this direction, you must be optimistic about its prospects. Setbacks are inevitable; just hold on and you'll get through it!"

Wang Sifu glanced at Lei Jun and suddenly said jokingly: "Fanmi doesn't want to get into new energy vehicles, do you?"

"No such plans for now!" Lei Jun smiled and shook his head.

He really didn't have such plans yet. His current idea was still focused on battery R&D. He originally intended to wait until there were certain achievements in battery R&D before considering car manufacturing.

After hearing Wang Sifu's words, he became even more determined in this train of thought.

The battery is the top priority for new energy vehicles. Without a breakthrough in batteries, wanting to make electric cars is almost wishful thinking.

He was now even more convinced of this point!

Upon hearing this, Wang Sifu breathed a sigh of relief. Although Fanmi is a mobile phone company, he clearly knew how strong this company's R&D capabilities were!

He really didn't want to have Fanmi as a competitor in the new energy vehicle field in the future!

"President Wang, can we visit your car factory? Honestly, I'm quite curious!"

Lei Jun said with a smile.

"Of course, no problem. Let's go, I'll take you to see it now!" Wang Sifu smiled and didn't mind, immediately agreeing.

"Then thank you for the trouble!"

"You're welcome..."

...

On the way back, Lei Jun was driving, but his eyes kept unconsciously looking at Zhou Fan beside him.

"If you have anything to say, just say it!" Zhou Fan glanced at Lei Jun and said with a smile.

Lei Jun sighed.

"After seeing the BYD car factory today, I feel even less confident!"

"Scared?" Zhou Fan asked with a smile.

"It's not exactly fear. Fanmi's capital is indeed not exactly abundant right now. The 10 billion on the company's books can at most spare 5 billion to lay out in new energy vehicles. With such a small amount of money, investing it would probably just make a splash..."

"It shouldn't be that bad!"

"How is it not that bad... President Wang just said he invested tens of billions and spent several years, and current electric cars are still toys..."

"Disruptive innovation in an industry always requires time to integrate and adapt!" Zhou Fan looked at Lei Jun, his eyes thoughtful.

If he remembered correctly, the country's support policies for new energy vehicles would be continuously strengthened and refined in the future, and many new energy vehicle companies would spring up like mushrooms. Laying out now is actually the best choice!

Besides, he didn't actually think that engaging in new energy vehicles needed to cost much money. 10 billion should be enough, and the initial 5 billion wouldn't even be spent.

In terms of R&D, the breakthrough in battery technology is actually a breakthrough in battery materials science, and in this regard, he had full confidence.

"I will talk to Department Head Meng about this matter again. I'll leave the battery R&D part to you!" Lei Jun thought for a moment and said, gritting his teeth.

Since he had decided to engage in new energy vehicles, according to his personality, he would not easily change his mind, but he still had worries in his heart after all.

He had never liked doing things without certainty, but unfortunately, new energy vehicles were a completely new and unfamiliar field for him.

Still need some time to prepare!

"Okay!" Zhou Fan nodded with a smile.

"Why do you look so relaxed? Do you think automotive battery technology is not difficult?"

Looking at Zhou Fan's calm and composed expression, Lei Jun smiled bitterly and couldn't help but ask again.

"It's not difficult, right!"

"Really not difficult?" Lei Jun's eyes lit up slightly. He understood Zhou Fan and had never seen Zhou Fan brag.

"At least it's simpler than self-developing chips!" Zhou Fan smiled and said affirmatively.

Hearing this, Lei Jun's eyes brightened even more, and most of his previous worries were gone.

"With your words, I can rest assured!"

He took a deep breath. The previously anxious emotions suddenly calmed down, and he even faintly began to look forward to it.

Since Zhou Fan said battery technology is not difficult, then for him, it must really not be difficult!

As long as the battery technology can be solved, the matter of building new energy vehicles will be simple!

Although he still couldn't guarantee success for sure, at least he had already seen hope!

Thinking of this, Lei Jun couldn't help but feel a surge of heat in his heart, and a smile finally appeared on his face.

Fanmi Automobile!

It sounds pretty good!