What's wrong with me being a rich man?

Chapter 617 Stage
An automobile is the result of a systematic engineering project.

This applies to both gasoline-powered and electric vehicles.

The Kyushu of the Silicon Carbon Group is also a product of this systematic engineering rooted in global technology. In fact, it can be said that after the new energy industry redefined the three major components, its technological level is among the top in its price range.

As a result, with the support of domestic policies and subsidies, Carbon Silicon Kyushu has achieved remarkable results in the industry.

As of January 2016, the proportion of domestically produced parts in Kyushu was approximately 45%. According to the internal assessment of the Silicon Carbon Group, this figure may increase to around 65% in the next five years. Even so, overseas suppliers will still account for a significant proportion.

After dealing with the sudden threat of supply disruptions from some key suppliers, Yu Xing looked ahead to the group's future development.

If we also follow the five-year plan, we will achieve a 65% share in the supply chain in the next five years, and then increase that share to over 90% in the following five years, in order to cope with the threats brought about by deglobalization.

Each phase has its own tasks. Yu Xing neither discussed this internally within the company nor communicated with his superiors during this unexpected event. He only complained a few words during his usual evening phone call with Xiao Ying.

Liu Wanying was surprised by this: "The localization rate of carbon silicon vehicles is not even 50%? I always thought it was quite high. Aren't the three electric components and range extenders all made in China?"

“One is that when we make our own products, we should choose the world’s top suppliers. The overall technology of domestic suppliers has certainly developed, but there is still a gap in some aspects,” Yu Xing said. “The other is that some components are indeed only available abroad.”

He casually explained, "It's not like you can just put a single part in. Take the range extender, for example. Shenyang Aerospace Mitsubishi provided the engine, but we also got Lister to do hardware optimization and performance calibration, and Delphi to develop the ECU control unit. The development of the communication protocol with the vehicle's CAN bus is also part of our collaboration."

Lister is one of the world's three largest internal combustion engine R&D companies, with top-notch engine optimization algorithms and calibration databases, while Delphi is the world's largest manufacturer of automotive wiring harness systems.

The range extender alone is a product of such technological cooperation, and it is also a microcosm of Kyushu's complete vehicle manufacturing.

Liu Wanying grasped the concept quickly and asked, drawing inferences from it, "A company like Lister can change its partners? I remember that Bosch only had Lister for its iBooster remote control system."

Supply chain stability is very important. Often, there are different suppliers for a single link, so it is less likely to be blocked. But it is more troublesome for Bosch to have a single supplier.

“Bosch’s is indeed very advanced and well-suited for new energy sources. If all else fails, we’ll just have to stop using it,” Yu Xing pondered. “However, this matter can be coordinated by higher authorities. It just so happens that Bosch’s previous supply of cheating parts to Volkswagen is justifiable. As for Webac, we’ve already made plans to switch to domestically produced parts.”

He continued, "Our short selling in Europe mainly affected car manufacturers and suppliers, primarily T1. Others should be fine, unless there are unified restrictions from the EU, but that probability is extremely low. I understand from Director Zhu that at this point, 'Guoshanfeng is Guoshanfeng, and Silicon Carbon Group is Silicon Carbon Group.' The two cannot be confused, especially since the other side is in the wrong."

Bosch is not only in the wrong, but has also breached the contract.

Because Bosch is the only supplier of the iBooster drive-by-wire system, Silicon Carbon Group signed a long-term agreement and prepaid 40% of the payment to lock in production capacity in order to prevent supply fluctuations.

"Okay, I understand. If they want to sue, they should sue Guoshanfeng; if they want to file a lawsuit, they should sue you, Yu Xing; if they want to settle a financial dispute, they should go to the King of Short Sellers. These are all reasonable demands, but they can't use supply disruptions to target the Silicon Carbon Group," Liu Wanying concluded. "Your 'One Qi Transforms into Three Purities' technique is still somewhat useful; the Silicon Carbon Group's sales are also being taken seriously." Three Purities is Three Purities, and One Qi is One Qi; it all depends on what's needed.

Yu Xingxin said with delight, "Indeed, all of you come and sue me, all of you come and file a lawsuit against me."

Listening to the tone of the voice on the other end, Liu Wanying commented with a wry smile, "The King of Short Sellers has gone a bit crazy since he was exposed."

“They’re trying to take my money. Anyone would go crazy if their money were touched,” Yu Xing sighed. “Luckily, I have Liu Jiankai. I asked him to find someone to create a new cryptocurrency and see if we can make some money in South Korea first, in case we really need a large settlement payment. Once this is over, you can provide him with some experience with offshore companies.”

Liu Wanying hummed in agreement, and after a moment said softly, "It would be great if you could sculpt my face like that."

Yu Xing feigned anger and said, "What? You want to compete with me for the honor of 'King of Short Sellers'?!"

He continued with a smile, "I'll go to Hong Kong in a few days and pinch your cheeks."

"Tch, just wait until Hong Kong reporters shove their faces at you and start arguing." Liu Wanying composed herself and reminded him, "The arrival of the 'King of Short Sellers' in Hong Kong is causing a sensation. Everyone is waiting for your first public appearance, so you must think carefully about your words beforehand and avoid making a fool of yourself."

Yu Xing pondered for a moment and said, "I'm also considering it. There should be some differences before and after the exposure of Guoshanfeng. Facing so many lawsuits, we can't back down, or at least not too much. It's not easy to move forward either. Guoshanfeng's 100% short selling record is still very eye-catching. There are also cases of my remarks being questioned in China. I was thinking that maybe we could talk about the strategic goals of foreign giants to ease the tension."

Liu Wanying has been thinking about the situation after the mountain peak was exposed for more than a month. She understood the underlying meaning: "Dissent about the giant's strategy? It can be considered a kind of pessimism, but it needs time to verify. It is supported by its current revenue and development achievements."

“Yes, going from darkness to light, it can be a normal institution for judging a company’s development, just like those short sellers on Wall Street. It can be right or wrong,” Yu Xing thought. “I can’t say something and everyone rushes to it. I thought it was wrong to create gods, but now it’s not right to create demons in the opposite direction.”

As the head of silicon carbon, he cannot be a puppet master or be manipulated; he still needs space for his normal career.

Upon hearing this, Liu Wanying asked, "What about the Iron Bull Group now? And LeEco?"

Yu Xing replied, "I think they have a lot of problems. Now that someone is conducting an on-site investigation, things have come to this point. I think they are quite resentful. It would be better to cut ties completely. However, we still need to verify the situation further."

He noticed that the recent public opinion seemed to be orchestrated by someone, and that President Jia, who had previously been relatively unknown, seemed to be making a subtle appearance. Well, regardless of who was behind it, based on their past connection, he would attribute it all to President Jia.

A clean break, a clear separation from now on.

(End of this chapter)