Only after being reborn did I realize how fascinating the world of the rich is.

Li Xiaofeng nodded in satisfaction and said with a smile, "You don't need to worry about the group's interest and monthly payments. This year, Hongxing's sales have skyrocketed, with revenue exceeding 10 billion and net profit reaching 1 billion."

If all else fails, we can transfer some funds from Hongxing to cover the group's expenses. What do you say, Xu Lei?

Xu Lei was Li Xiaofeng's childhood friend. The two had a good relationship in their previous life. In this life, Li Xiaofeng rose to prominence and also helped Xu Lei along.

As a result, Xu Lei did not disappoint his father. Together with his father, he helped Li Xiaofeng expand the scale of Hongxing Electric Vehicle Factory step by step, and revitalized the factory that was on the verge of bankruptcy.

He is as down-to-earth and hardworking as his father, and very patient; he is a good candidate for the manufacturing industry.

Hearing Li Xiaofeng steer the conversation toward him, Xu Lei quickly smiled and nodded at Li Xiaofeng: "Of course, no problem. In fact, Hongxing started making a profit last year, but this year's performance has surpassed last year's, taking it a step further."

Last year's profits were originally intended to be handed over to the group headquarters to recoup the group's losses, but General Manager Li asked me to reinvest the money to increase the production capacity of various production bases.

However, I believe that the domestic electric vehicle market has already stabilized and can only rely on domestic economic development and demand to grow slowly, without much further development potential.

Therefore, in addition to using these profits to increase production capacity, we also allocated some funds to expand into overseas markets and increase our sales volume.

Li Xiaofeng asked with some curiosity, "Our electric vehicles have relatively low added value. Is there any potential in exporting them overseas? Which countries are they mainly exported to now?"

"Currently, two-wheeled electric vehicles are mainly exported to small countries in Southeast Asia. Their land area is small and transportation is not very convenient. Two-wheeled electric vehicles are cheaper than motorcycles and have lower daily operating costs, making them very suitable for their needs."

They've proposed discussing a joint venture to build a factory with us. We've suggested that we expand sales to a sufficient scale first before considering a factory partnership. We were just about to report this to you!

"Tell me what you think!"

"Actually, I'm a little hesitant now. Although the wages of workers in those Southeast Asian countries are very low, their labor efficiency is not very high."

Furthermore, their infrastructure is very underdeveloped, and there is no supporting raw material and supply chain. If a factory were to be built there, it would likely be just an assembly plant, and the actual cost might not be more cost-effective than building a factory domestically, and could even be higher.

Li Xiaofeng sighed and said helplessly, "It's true what you said. Building a factory there might not be as cost-effective as building one in China."

The problem is that it's their market, and they need to develop too. If we just sell them things and they don't get any benefits in return, they'll definitely make things difficult for us in all sorts of ways.

Therefore, if we really want to open up the Southeast Asian market, we definitely need to cooperate with the locals to build factories.

Xu Lei nodded: "That's what I think too. In addition, we can also invest in more high-quality supply chain companies to increase our sales profits through the supply chain."

"You need to be careful. The security situation abroad is not as good as in China. When our people go abroad, they must have fixed and reliable business travel routes to ensure the personal safety of our employees. I heard there are some people who eat kidneys there!"

Xu Lei said seriously, "I know that. I will definitely make proper arrangements for our people and tell them not to run around unless necessary."

Don't worry, the people we cooperate with are definitely influential and well-connected in the local area. As long as our interests are aligned with theirs, they will provide some security for our people!

Then, he continued excitedly, "In addition to two-wheeled vehicles, we have also exported a lot of three-wheeled vehicles to the great United States, and they are very popular and highly praised. The products are in short supply."

Tang Shanshan asked with some interest, "Why is that? These three-wheeled vehicles have such low technological content, how could there be a supply shortage over there? Why is that!"

Xu Lei explained with a smile: "In fact, electric tricycles are a very popular means of transportation in rural areas of China. They can carry people and goods, and they are inexpensive and have low operating costs."

There are no similar products in the beautiful country. The main means of transportation is pickup trucks, but pickup trucks are much more expensive and costly, making them far less cost-effective than three-wheeled vehicles, which are also more flexible and convenient.

Actually, our electric three-wheeled vehicles are priced very high when exported, and even higher when sold to the United States, yet demand still exceeds supply.

Tang Shanshan continued curiously, "Then why don't they produce them themselves over there?"

"First of all, their workers are paid high wages but inefficient, and they don't have a supporting industrial chain, so the cost of producing their own products is much higher than the cost of importing them."

Secondly, production in the Great Beautiful Country isn't something you can just decide to do. Each region has its own industrial power, and you need to manage a lot of things. Just dealing with one guild alone will give you a headache.

Many people complain about the poor business environment in many cities in mainland China, but compared to the United States, the business environment in these places is like paradise. Otherwise, why would their manufacturing industry have mostly moved to other countries?

Then, Xu Lei excitedly asked Li Xiaofeng, "Mr. Li, do you think it's necessary for us to invest in another factory to produce three-wheeled motorcycles for overseas export?"

Perhaps it was Li Xiaofeng's butterfly effect that led to the discovery of the value of three-wheeled vehicles in China by the people of the great United States ahead of time. In the previous life, this situation was only formed with the help of social media.

Li Xiaofeng thought for a moment and said, "There is no need to add a factory that specializes in producing three-wheeled vehicles for the time being. We should make the most of the existing production lines to increase capacity. If we are really too busy, we can add some production lines."

Overseas export trade is unstable. Three-wheeled vehicles have relatively low added value and no competitive advantage. If others see that we're selling well, they might swarm in and steal our business. The market we've developed can easily be taken away by others.

"Should we expand into overseas markets? Actually, our three-wheeled vehicles are not only popular in Great Britain, but also have a good sales market in Europe."

"Let's sell them first, as many as we can. Focus on the domestic market first. Once sales really pick up, we'll consider building a factory in a coastal city specifically for producing electric vehicles for export."