I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

It was also after four laps that Lao Qin got out of the car.

The fastest lap time is already impressive, at least he does have some talent in racing.

Mr. Lei was very enthusiastic and took the initiative to help Lao Qin get out of the car and asked about his driving experience.

"Very cool! Very comfortable to drive."

"I just don't like the sound of this motor. I still prefer the sound of a gasoline car."

...

"We have dedicated engineers for this purpose, and will later carry out the modification of simulated sound waves. When the car is mass-produced, you are welcome to try driving it, Lao Qin."

After chatting for a few words about Lao Qin's driving performance, Mr. Lei also added Lao Qin's WeChat.

In this regard, even Jiang Hao was a little impressed by Lao Qin's luck.

From breaking through the siege in live broadcasts to being deeply loved by Mr. Lei, I feel that luck is sometimes really unpredictable.

Ren Yixin, who came last, also took a test drive.

Including Mr. Lei’s friends, they couldn’t help but experience it for themselves later.

After this experience, it was already past seven o'clock in the evening.

The appointment with the venue has exceeded the time limit by one hour.

……

The next morning, Jiang Hao got up early and went to Xiaomi's branch in Shanghai.

On weekdays, the morning rush hour in Shanghai is indeed exaggerated.

Public transportation and cars are flocking to the city center.

Compared with Shanghai, Songjiang City and even Jiangning District do not have such a scene.

Although Jiangning District also has traffic jams during the morning rush hour and people from all over the city gather there, it is indeed not as densely populated.

When Jiang Hao arrived at the place, President Lei was having a cordial conversation with the employees in the branch.

After all, it is a branch company, and these employees have seen Mr. Lei only a few times.

In comparison, Haijing Technology currently has no dedicated branches in China except for its overseas branches.

However, there will be a special station in several big cities such as Shanghai and the capital.

The main focus is on the construction and investment of cloud computing centers.

Jiang Hao thought of this now and was preparing to return to the company to set up these branches.

There are still many businesses in China that can be better developed through branches.

In the office, Mr. Lei handed over a report.

"Boss Jiang, these are the data of the new car prototype."

"I don't know. Are you satisfied with the car I made?"

...

"Boss Lei, I won't read this report. I was at the racetrack all day yesterday, and I know the status of all the car's data."

“The overall performance was excellent and I am definitely satisfied.”

The report contained all the data from yesterday's test. Jiang Hao was at the competition venue yesterday and felt there was no need to read it.

He immediately put down the report and asked Mr. Lei with a smile.

"It's a good car, but have you considered the budget price, Mr. Lei?"

...

"I actually came to you today to discuss this matter, as well as the issue of additional investment in the automobile factory."

Jiang Hao came to Shanghai specifically for the purpose, so it was impossible for him to just watch a sample car on the track.

This can also be regarded as an explanation from Mr. Lei to Jiang Hao for investing in Xiaomi Auto together.

Initially, both parties invested a total of 1 billion RMB. Now that they have this prototype car, they need to consider whether to make subsequent additional investments.

"Boss Lei, how much money is left now?"

Jiang Hao really never cared about the money invested in Xiaomi Auto.

After all, he actually paid only 100 million yuan, which is really a small amount of money for automobile manufacturing.

Not to mention that Mr. Lei’s factory is already under construction, and it is estimated that the money has already been spent.

"In fact, we ran out of money a long time ago. Currently, the bank owes us 40 billion yuan."

"The government's new factory land has not been settled yet, and the subsequent investment in spare parts for the production line also requires money."

"I don't know if you are satisfied with the prototype, Mr. Jiang. If you are, we can discuss the additional investment that will be required."

Sure enough, it was just as he expected.

The cost of producing this prototype car cannot be low. The labor costs of a mature automobile R&D team alone are incalculable.

Not to mention the various car accessories, power components, and research and development of each module.

Especially since it ultimately requires factory manufacturing, compared to other Internet companies and semi-OEM electric vehicle manufacturing.

The Xiaomi car made by Mr. Lei is actually not on the same level.

The same is true for Xiaopeng Motors. When the prototype car appeared in front of Jiang Hao, it had already completed six rounds of financing and its valuation had already exceeded 10 billion yuan.

Since the actual car was launched on the market, its valuation has reached hundreds of billions.

According to what Mr. He said yesterday, they are considering going public or listing through a backdoor listing.

In other words, Xiaomi Auto is the company chaired by Mr. Lei.

This is how they were able to borrow so much from the bank with a capital of 1 billion, and they also had factories, land, and other things on credit.

"We can add more. Mr. Lei, are you planning to let both of us contribute to all the investments in the car project?"

...

"Well, I didn't ask you to, but if I have enough capital, I will invest all of it in Xiaomi Auto."

Hearing this, Jiang Hao couldn't help but show respect on his face.

The cost of making the car is at least tens of billions, and it can be paid at any time.

As expected of Mr. Lei, the funding is also well prepared.

"Mr. Jiang, I also hope you will consider it carefully."

"This new Xiaomi car will definitely be based on high cost performance in the end, and will not consider making money."

"It is likely that I will have to pay a large part of the cost. Only when the car production reaches a certain number can our R&D costs be spread out."

“So if you want to get your money back, it may take a long time.”

……

As of now, not to mention the factory costs, the R&D cost of Xiaomi's new car, plus the subsequent additional materials and accessories, etc., plus the labor team costs, is estimated to be no less than 10 billion.

If the profit is extremely low, or you have considered using cost-effectiveness as a selling point.

It would be difficult to recover the costs just based on Xpeng Motors’ current sales volume.

Xiaomi must at least be among the top three in the market to have a chance to eventually break even and achieve profitability.

Mr. Lei's consolation is sincere. If billions of dollars of funds require a period of many years, it can't really be said to be making money.

This is still under ideal conditions. There is a high possibility that you will actually lose money.

However, seeing that Mr. Lei was risking everything, Jiang Hao made up his mind immediately.

"Boss Lei, there's no need to persuade me. You have such confidence in yourself, I will definitely follow you!"

...

"My Haoyue Capital is dealing with assets recently, so I do have some cash flow on hand."

"It seems like you came prepared, Mr. Lei. Anyway, you have the final say on how much to add. I will still add according to the original proportion."

Jiang Hao originally intended to invest this money overseas.

Now it seems that overseas investment should still be carried out through Haijing Technology.

Haoyue Capital’s funds will still be kept in China, especially for Xiaomi Auto.

It just so happened that Jiang Hao was not very sure about the future, but he trusted Mr. Lei.

If you invest money in Mr. Lei, you will definitely not lose money in this business.