Chapter 462 Final Preparations

There are at least fifteen relatives from the Chen, Song, and Liu families who came here.

Because Chen Pingsheng was busy with his own career, he had no time to care about them. He just let them take the money and go to the market to prove it.

Those who have that ability can stay in the magic city forever.

Those who don’t have that ability will basically slowly return to the countryside.

Because there are only so many opportunities, and once you lose, you won’t be able to get them again.

Liu Wei was the first to force him to buy a Ferrari by jumping off a bridge.

And his death also made everyone feel an unnatural chill.

After all, a Ferrari is too simple for Chen Pingsheng.

His wife had no idea how many Ferraris were parked there gathering dust.

Even so, Liu Wei proved one thing with his own death.

No one can force him with his life, so don't value your own life.

Don't even promote your kinship.

He spent hundreds of millions to establish a family entrepreneurial fund just because he did not want the wealth of the younger generation of the Chen, Song, and Liu families to be derailed too seriously.

He just gave them a few opportunities to start their own businesses, not that he valued the relationship with these people.

Therefore, Liu Wei didn't even show his face after his parents arrived.

This also serves as a reminder to everyone not to attempt moral kidnapping.

It's impossible for someone who is capable of his position to do this.

If you run out of opportunities, you won't be able to accomplish anything, and you won't even be qualified to see him again.

Don't even try to trade your life for a Ferrari.

Oh...you can burn two of them after you die.

This can be regarded as the most benevolent and righteous.

As the saying goes, if you are poor in the busy city, no one cares about you, but if you are rich in the mountains, you have distant relatives.

After reaching this point, even he himself didn't know why he had so many relatives.

Not to mention dealing with their shit.

On the last day of May, Ascendas New Energy officially launched the offline testing phase of P6.

The entire event was filled with dignitaries.

There are countless people in the entertainment industry and institutional circles.

Chen Pingsheng issued an order to officially start the half-year 50,000-mile technical safety test of Ascendas P6.

And this is also the last wave of testing before going on the market.

In order to cope with the large investment in the next six months, Chen Pingsheng will also hold an extra 15% stake in ARA Short Drama and a 3% stake in Xin Teng Live.

The price is 2.5 billion and it is packaged to look for a successor.

Among them, the market value of Xin Teng Live has reached 50 billion, while the market value of ARA short drama is around 18 billion.

After selling this share, the shares he retains in Yateng Short Drama and Xin Teng Live Broadcast will be the same as Boiling Sheep and Snack Run.

Only the last 5% remains.

Short videos are still in the rapid rise stage, and the revenue from short dramas is also very good.

By packaging and selling in this way, he can quickly find a suitable taker.

After receiving the 2.5 billion, Chen Pingsheng used the golden finger's random increase.

I don’t know what influenced it, but I was unlucky and only got a double.

Even the principal cashed out this time is far from enough for Tengfei New Energy to burn for half a year.

After all, it also has a major research and development project, solid-state batteries.

Helpless, he took out 10% of Tengying Entertainment's shares for tens of billions to seek strategic partners.

Entertainment stocks are just that, and it is unlikely to exceed 160 billion in the future. He will definitely choose to retain the company's controlling stake and successfully cash out at a high level.

This is completely in line with the original logic of the capital market.

And all of this is planning for the future.

Sell ​​those stocks that cannot rise in the short term and use the money to invest in projects with greater upside potential.

This is something every entrepreneur must do, and he is certainly no exception.

Tengying Entertainment is known as half of the entertainment industry, and it has been very stable after so many years.

After completing this sale, he will be left with a controlling stake of 10%.

It will definitely not be touched again in the next five years.

Two consecutive large-scale cash-outs also caused considerable repercussions in the capital market.

But both of his money were not used to improve his life, but to expand the research and development scale of Tengfei New Energy.

To improve a better R&D team.

Ascendas New Energy has invested a total of 135 billion so far.

It seems like a lot, considering Toyota's global net profit in 2017 was 2.49 trillion yen.

Approximately RMB 144.8 billion.

It is equivalent to saying that the total investment he has made in the past few years is nothing more than Toyota's net profit for a year.

If you want to truly achieve globalization in the field of car manufacturing, you won’t even be able to reach the threshold of 10 billion.

20 billion is only enough for OEM, and 50 billion is enough to start.

80 billion is entry level.

Only by continuous investment can Tengfei truly grow into the world's leading new energy vehicle company in the next three to five years.

After this year's R&D investment of 17.5 billion, it is completely enough.

In the next three years, he will invest at least about 120 billion, which means he will maintain R&D expenses of 30 to 40 billion every year.

This cannot be moved at all.

Once he decides to do something big, he must have the mental plan to lose money for three consecutive years or even five or eight years.

According to the current sales volume of new energy vehicles, it simply cannot support his investment.

There is no way, the technology industry must look at five or ten years from now.

If we only look at the present, except for OEM, any newly established new energy vehicle company will not be able to achieve profitability within five years.

The question of loss or loss.

In this regard, he believes that domestic Huawei is truly the most far-sighted.

Whether it is chips or self-developed systems, they have been working on it for five to eight years.

Before the results come out, these things are really just burning money.

After the results come out, it will become a killer move to surpass all peers.

Chen Pingsheng must keep this line, at least in the next three years, he will definitely not reduce Tengfei's R&D investment.

He will only continue to increase this proportion.

Until Tengfei New Energy becomes the first state-owned enterprise.

Sometimes it is like this in the technology industry, the founder's vision directly determines the future results of the company.

He invested 17.5 billion again, and gave all his engineers, including scientists, a reassurance.

They just need to continue to insist on technological innovation in the R&D center.

Everything else will be handled by Chen Pingsheng.

This is also the biggest benefit that he, an amateur boss, can bring to everyone.

Tengfei P6 officially entered the testing phase, and relevant data is also being continuously collected.

And this will definitely throw a depth bomb into the domestic new energy vehicle market.

After all, he is really using three years to sharpen a sword.

If we only look at the profit angle, Chen Pingsheng is sure that the more than 100 billion yuan invested in any other industry will not be worse than the new energy car manufacturing.

Because it is obvious that he needs to invest at least 100 billion yuan in this industry to see the hope of profit in the future.

And this process will not be less than three years.

Adding the current investment time, it will be a full six years.

This is already the longest wait for Tengying Group.

This half year is still the time to perfect the technology.

It will be the time to see the real results after half a year.