Reborn multinational giant

Chapter 737 - Another Bet on New Energy Vehicles

At one end of the spectrum, Fang Zhe, a student at Anyang University of Technology, took up entrepreneurship because of the video of the signing ceremony of the cooperation between Huizhong and Anyang city government to build a smart city.

On the other hand, Li Xiang, one of the two personal shareholders of Celeste, which he invested in last year, has also chosen to quit Celeste and start a new new new energy car brand on his own.

Li Xiang's exit began with the difference in car-making philosophy between him and Li Bin, who tends to make pure electric cars like Tesla, while Li Xiang, taking into account the current market problems such as insufficient range of electric cars and lack of popularity of charging stations, prefers to build hybrid cars with add-on power, that is, hybrid cars with oil and electricity.

In addition to the difference in car making philosophy, the fact that there are two tigers in the same mountain, the fact that Li's stake in Ulai is too small, and the fact that Li is not willing to be a hitter are also important reasons why Li wants to quit Ulai.

What Fang Zhe didn't want was for him to come to us soon after he established his new car brand "Ideal".

"Mr. Fang, I really don't want to hide it from you, I am here to change the fate!

After exchanging pleasantries, Li wanted to tell Fang Zhe the purpose of his visit.

Li wanted to open his mouth to pull investment, Fang Zhe is not surprised, car building needs a huge scale of capital, even Li Bin and Li Xiang, who are already worth more than 100 million, small success of successful people also can not take so much money.

In order to build a car, Li Bin begged his grandparents to find a bunch of friends but couldn't find any supportive financiers until he met Fang Zhe and founded Celeste.

He couldn't think of anyone other than Fang Zhe, the richest man in the world, who would be willing to pay for his dream of building a car.

"Why did you think to look for me? You know that Huizhong has already invested in Celeste, and if you invest in you again, it's like finding competition and trouble for Li Bin and Celeste.

Moreover, now that the domestic car-making trend is very hot, I believe that after you let the wind out, many people and institutions will be willing to invest in you!" Fang Zhe sized up Li Xiang and asked him.

Li wanted to look at Fang Zhe's expressionless face and was not shy; before he came, he had already thought of a lot of reasons to convince Fang Zhe.

"I am looking for you, Mr. Fang, because I believe that you are willing to support me.

I think you understand the future of hybrid cars, at least until fuel cars are completely out of the market, and until the battery range of electric cars is greatly improved, or until charging stations are as popular as gas stations, hybrid cars are the most appropriate transitional cars, this time, at least as long as 20-30 years.

The biggest selling point of hybrids is that they address people's mileage anxiety for electric vehicles.

The fact that Huizhong invested in Celeste does not prevent Huizhong from re-investing in Ideal, the company I founded, because Ideal's main target customers are consumers who have mileage anxiety about new energy vehicles.

In my opinion, the biggest target and competitor of both Celeste and Ideal is not each other, but Tesla, a foreign company entering China.

The birth of Ideal will not cause any trouble to Li Bin and Celeste, but will inspire them.

Mr. Fang, if you and Huizhong invest in both Celeste and Ideal, and Celeste doesn't want to lose to Ideal, wouldn't it be better for Li Bin to build a better car?

Celeste and Ideal are in healthy competition.

As for your comment that a bunch of people and organizations will pitch me if I put out the word,"

Li wanted to give a bitter smile before continuing, "That's because you think too highly of me, Mr. Fang. Although the domestic car-making trend is getting hotter, but before we make some achievements, who would dare to be as generous as Mr. Fang and support our dream of building cars?

A large part of Li's speech was very sincere, and Fang Zhe's heart and soul were somewhat moved by him, but Fang Zhe was not in a hurry to agree with Li, but continued to ask.

"You say that the windfall of hybrid cars will last at least 20-30 years, and what about 20-30 years from now, you're not going to tell me that you're only going to be a company with a 30-year lifespan from the beginning of your ideals!"

Li wanted to wave his hand and said.

"Of course not, I certainly hope that the ideal will live a long time, but those are still far from me now, and in the future as the market for fuel-efficient cars is eliminated and the market for pure electric cars increases, we will also launch pure electric cars, that will perhaps be a direct competitor with Celeste and Tesla, but right now, the ideal is still very different from Celeste. "

After asking him a few more questions, Fang Zhe smiled and said.

"Okay, I promise to support you and Ideal, but you must, like Li Bin, make a military order to achieve the launch and mass production of the Ideal car at least within four years, that is, by mid-2019.

Otherwise, Huizhong will have the right to force you to acquire all the shares of Ideal at the market price, how about it?

Li wanted to smile and said seriously: "I dare, since Fang Zhe is willing to support my dream of building a car, if I don't even dare to sign a betting agreement, I will despise myself."

Fang Zhe smiled and said no more, the so-called IPO within 4 years is only an important clause in the gambling agreement signed between Huizhong and Ideal, in addition, there are many restrictions for Ideal and Li Xiang, such as the financial flow of Ideal, suppliers must be open and transparent to Huizhong, etc. This is also to prevent Li Xiang and Ideal from pocketing the money.

In many investment cases, it is not uncommon to find stories of investors' money being used for personal squandering or being secretly transferred to their own companies or those of their friends and relatives.

In early August, Huizhong injected $40 million into Ideal Auto, which was founded just over a month ago, to support Li's idea to build a car.

Let's not talk about how the other new car makers in China felt after hearing this, but at least Li Bin, the CEO of Celeste, didn't have any complaints after hearing this, and instead, he worked even harder on the development of Celeste's first prototype car.

Li Bin knows that the sooner the prototype car is developed, the more likely it is to leave behind Ideal and other new domestic carmakers, and if it is good enough, his old boss Huizhong will not invest in other new carmakers either.

In August, in addition to Huizhong's other bets in the new energy car-making field, another company Huizhong invested in, Yueliang Future, as the product of Fang Zhe and Feng Xue's "son", Shakespeare, has also started to blow the globalization charge horn.