2003: Starting with Foreign Trade

Chapter 524 The Triangle Area of ​​Flash Speed ​​New Energy

"It seems we should try to poach talent from state-owned enterprises as much as possible."

After hanging up Zhang Yong's call, Tan Jincheng couldn't help but sigh, "These days, state-owned enterprises are really strong in car manufacturing."

Taking power batteries as an example, Jinshidai's breakthrough in power batteries began with its cooperation with Dongfeng Motor, which also provided a lot of technical support.

Nowadays, besides Dongfeng, some smaller customers like Zhongtai also order power batteries from Jinshidai to conduct research on new energy vehicles.

Speaking of which, Ying Jianren really has connections. Last time, Tan Jincheng talked to him about the joint development of the 2008EV version. I don't know how he did it, but just like in my previous life, he got this model listed in the first batch of new energy vehicle catalogs.

The BYD F3 EV version, which was developed around the same time as him, has been completed for several years, while he only started developing it last year at the suggestion of Tan Jincheng, and it was approved this year. Now he is applying for a license for new energy vehicle qualification.

While they may lack the expertise to truly build a car, their ability to engage in capital acquisitions and pioneering new ventures is always impressive.

Tan Jincheng established Weilai this year, one of the reasons being to obtain new energy vehicle license plates. He wanted to make a splash and apply for new energy vehicle license plates like Zhongtai did. These plates are easy to apply for now, but they will become increasingly difficult over time.

It was still early before he got off work, so Tan Jincheng spent some time looking at stocks in his office.

Today is February 27th. This year, February has an unusually long 29 days. The stock market performance in the last few days of the month was not too bad. After the sharp drop a few days ago, the stock market has eased up somewhat at the end of the month, and the trend is relatively stable.

Changfeng Group's stock price has rebounded slightly compared to the previous few days. The increase is not large, but at least it has stopped falling, which is really worrying.

Shuguang Auto's stock price performed even better today, surging 6.41% to close at 13.95 yuan, with a market capitalization of nearly 31 billion yuan. This long-established automaker is quite impressive, having been founded in 1984, even older than Mr. Tan.

The background of its establishment is quite inspiring. The ten founders raised a total of 7 yuan to start the company. Initially, they were also an auto parts factory, making axles, which was similar to the spring factory business that Tan Jincheng had taken over before Andar.

After more than 20 years of development, Shuguang Automotive may not have a high market value at this time, but it is still very successful. Its business scope has expanded from the initial auto parts to passenger cars and commercial vehicles.

It owns two major automobile brands, Huanghai and Shuguang. Its passenger car market is mainly focused on low-end SUVs. These days, SUVs are really popular, and Zhongtai has been able to open up the market mainly because of its SUV models.

It's truly impressive that 10 business owners can build a company together and take it public over 20 years. However, the complex equity structure is really overwhelming.

These days, institutional research doesn't follow many rules. They don't care about things like financial reporting periods. Tan Jincheng had Huang Ming and Cheng Linfeng walk out of the Flash Motors headquarters surrounded by reporters because he wanted people to know.

Anyway, I don't promote it myself; it's all just rumors spread by reporters and has nothing to do with me.

As for creating hype, it's definitely better to make it bigger. Acquiring a company with only 10 owners is really too troublesome. In fact, putting aside the equity structure, Shuguang Group is a more suitable acquisition target than Changfeng Group.

Leaving aside complete vehicles, in terms of auto parts alone, Shuguang's axle business has maintained the number one market share for five consecutive years. In addition, brakes, gears, half shafts and other parts also occupy a very important position in the auto parts market.

With automobile manufacturing qualifications and a wider range of business operations, plus an excellent auto parts business, it's a real shame that the old big brother's industry hasn't declined that much these days.

With a lower market capitalization, a wider range of business operations, and considerable profits, if it weren't for the overly complex shareholding structure, Mr. Tan would really want to make this company his primary acquisition target.

However, the dispersed shareholding also has its advantages. Of the total share capital of 2.22 million, there are currently 1.75 million circulating shares, and this number will become 1.83 million by the end of this year. If there is still money left by the end of the year, it is possible to buy some shares.

The prospect of becoming the largest shareholder simply by acquiring 15% is quite tempting.

“There’s a parts factory in Anhui Province that collaborates with Ankai and Foton. Oh, it’s Foton again. What a coincidence.”

Tan Jincheng smiled as he flipped through the materials Cheng Linfeng had prepared for him.

This auto parts factory, which only invested 1800 million yuan in 2000, has already generated considerable profits. In addition to the auto parts factory in Anhui Province, Shuguang also has an automobile manufacturing base in Changzhou.

The automobile manufacturing base in Changzhou went into operation in December 2006 with a total investment of 1.91 million yuan, which was raised from the secondary market. It produces Huanghai brand mid-to-high-end buses, minibuses, and BRT component assemblies.

Changzhou and Flash Motors have a close relationship. Changzhou had previously discussed building an electric vehicle production base with Flash Motors, but Changzhou hesitated at the time and was reluctant to give up some local small and medium-sized electric vehicle companies, which allowed Wangjiang to take advantage of the situation.

In fact, after a year of competition, many small workshops in Changzhou went out of business, and the local government regretted it to some extent. Flash Motors had initially negotiated with them, but missed the opportunity because of a moment's hesitation.

Young people are really unwilling to wait, but the market environment has also made them realize that for consumer products like electric vehicles, local protectionism alone is useless; they will inevitably be phased out. In the context of the financial crisis, it would be a very good opportunity for FlashCar, with its large cash reserves, to acquire these two subsidiaries of Dawning, which are closest to it and best align with its corporate strategy.

For a city, the automotive industry not only contributes a large amount of GDP, but also has a strong spillover effect, driving the development of a series of related and even unrelated industries in the surrounding areas.

More importantly, it also reveals a city's determination and capability in industrial transformation; Beicang is a prime example.

The factory of a new brand like Zhongtai alone has not only directly boosted a number of auto parts industries, but also many other unrelated industries. With more workers, consumption increases.

Even those who sold boxed lunches nearby in the early stages of the factory's construction made a fortune. The effects after the factory was built and put into operation were even greater. The benefits to the local area, both in terms of the overall direction and to the ordinary people around the factory, are obvious.

If Flash Motors has the resources to acquire a certain stake in Shuguang Automotive, or even become the largest shareholder, it could use its shareholder status to gain access to the two subsidiaries or establish partnerships with them, even if it's not a full acquisition.

"After going around in circles, we've come full circle back to where we started, haha."

Luzhou and Changzhou in Anhui Province are both in the first tier of the future new energy vehicle industry chain. Even if there is no Shanchi here, Geely will be introduced. Many of Geely's very important models will be produced in Beicang, which is also a very important city in the new energy vehicle industry chain.

While looking at the documents, Tan Jincheng casually picked up a pen and paper and started scribbling.

Beicang, Luzhou, and Changzhou are all located in the Yangtze River Delta region and are also important cities for the future new energy electric vehicle industry, which is very suitable for the layout of new energy vehicles.

Besides Changzhou, Anhui Province and Beicang have deep ties with Mr. Tan, and both places have a high level of support for Tan Jincheng. The only problem is Changzhou.

I wonder if Changzhou still holds a grudge against them for standing them up back then and failing to reach an agreement.

After finishing his company business, Boss Tan stretched and checked the time; it was already past five o'clock.

He picked up his phone and called Gu Qingqing: "Are you done with your work? Let's go home together."

Gu Qing's clear voice came from the other side: "Almost there. Come to my place, let's go back together."

That's the advantage of working in the same building: when things aren't too busy, you can come and go together, and even have lunch together. Compared to other couples, you're quite lucky.

"I don't know if those reporters have left."

Huang Ming had already told Tan Jincheng about the reporters they encountered while out and about, on their way to the airport.

Sun Tongyu has returned to Hangzhou and is currently at home there, preparing to officially move to Beicang. Tan Jincheng has already prepared a place for him in Beicang, which is also located in the villa area, making him Tan Jincheng's neighbor.

After cashing out last time, Boss Tan bought two more villas in the vicinity, mainly for emergency use. There are also some large single-level houses and detached houses in the residential area developed by Flash, but they are not yet completed.

Now these two newly purchased villas can be put to good use; one can be lent to Sun Tongyu, and the other can be given to Zhang Yong.

"Don't you think the relationship between Sun Tongyu and his wife is strange?"

After meeting up with Gu Qingqing, Tan Jincheng asked with a hint of gossip, "These two work under the same boss and both hold high positions. The husband was fired, but the wife's position hasn't been affected."

There are quite a few couples in the Flash factory, but they are all in entry-level positions. There are no such high-level positions. There are quite a few unmarried single men in the high-level positions, but if they are dating, Tan Jincheng will transfer one of them away.

"It's hard to say what others think. Anyway, the couple is financially independent now, so it's not a bad thing," Gu Qingqing said with a smile.

Tan Jincheng's return to the position of president of Orange Technology was actually a preparation for her to gradually move from the forefront of Orange Technology to behind the scenes.

Once Sun Tongyu is familiar with Orange Technology's system and gets Orange Products on track, Gu Qingqing will step down as CEO and let Sun Tongyu take full charge of Orange Technology's work.

Sun Tongyu reports directly to Tan Jincheng for this reason; normally, he would need to report to Gu Qingqing.

"That's true, it's their private matter, so let's not discuss it. By the way, I wonder if there are any reporters outside. When President Huang and President Cheng went out, they were stopped by reporters."

(End of this chapter)