Chapter 302: Train Starts

Chapter 302: Train Starts

Chapter 302: Train Starts (6K)
Xu Xin attaches great importance to Yu Xing's tram project, otherwise he would not be so worried about this financing meeting.

However, when she arrived at the scene, she quickly discovered that this was completely different from what she had attended before.

Normally, only the boss and the senior management team would attend, and they could usually fit into a small conference room. But as the time approached nine o'clock, the conference room gradually became crowded.

Xu Xin took a quick look and thought there were about two or three hundred people.

She looked around and saw a wide variety of supplier company names, most of which she had never heard of, but she had a vague impression of a few.

"Mr. Xiong, who is that over there?" Xu Xin walked slowly to Xiong Xiaoge and asked the middle-aged man who was chatting with Yu Xing at the moment.

Xiong Xiaoge took a look and said with a smile, "That's Guo Chuan."

Xu Xin didn't say anything.

Xiong Xiaoge noticed that Mr. Xu was a little confused, and reminded him: "You don't know him, but you must know his father. His father is Guo Konghui."

Xu Xin suddenly realized and asked in astonishment, "What is he doing here?"

She knew Guo Konghui, the first academician in the field of automotive engineering technology in China.

"Maybe they are here to provide chassis technology consulting services." Xiong Xiaoge's smile was a little strange. He was the general manager of the company founded by his father, and that company was engaged in dynamic mechanics technology consulting for automobile chassis.

Xu Xin thought about it, not knowing what was going on, so he didn't comment. He just sighed and said, "The scale of Yu Xing's meeting is a bit beyond my imagination. He has been very busy recently and can bring anyone here."

She was not familiar with many of the people from the automotive industry present today. She had only heard of the names of some of them, but had no idea of ​​most of them.

However, Xu Xin had already seen people he knew. The people who had just entered were senior executives of Shenzhen Capital Group, which was backed by Pengcheng. The person who had already signed on the other side was the deputy general manager of Zhejiang Industrial Investment, which was also endorsed by Zhejiang state-owned assets.

Xiong Xiaoge noticed the direction of Mr. Xu's gaze, nodded and said, "It seems that not all of them were brought here by him. At least Guo Chuan came to us. Looking at the current situation, the automotive industry is very complicated, with many upstream and downstream links. However, Yu Xing is interested in doing this, so many people want to come and have a look or try the waters."

Xu Xin was about to speak when his thoughts suddenly changed and he realized something: Isn't it the same with Today Capital?

She looked at the people around her again, turned her head and asked, "Boss Xiong, do you think this project can be done?"

"I don't know if it can be done, but looking at the scene today." Xiong Xiaoge also looked around at the bustling guests and said thoughtfully, "Yu Xing has once again demonstrated his impressive ability to piece things together. The creation of WeChat from scratch is a bit like this. When Yu Xing does things, he doesn't ask for money right away. He first feels out the domestic supply chain before making plans. IDG wants to give it a try."

Xu Xin had to admit this, and his understanding of it was even more profound.

When she came into contact with Yu Xing's startup project three years ago, she felt that he had a strong ability to build a business. After obtaining the funds from the cash-out of Guiai.com, Bai Xiaosheng and WeChat subsequently magnified his ability.

And today, the tram project has attracted at least many people from upstream and downstream since he expressed interest in it.

Xiong Xiaoge expressed his attitude and then asked Xu Xin: "Mr. Xu, what does Capital Today say?"

Xu Xin was in a bad mood when he didn't receive the invitation. Now that he is here in person and actually sees these people in the automotive industry, he has become more hesitant.

She thought for a long time and said with a heavy heart, "Will it really work? Fuel vehicles are too successful, and the brands that Yu Xing is targeting are too entrenched."

Xu Xin had no idea of ​​getting involved in new energy before. One reason was that the direction of Today Capital's past success was different from that of the previous one. The other was that she had been exposed to the gap in the automobile industry since she was a child.

Yu Xing's electric car project is currently aiming for the mid-to-high-end market, that is, to be the successful one among successful fuel vehicles.

A leader in the century-old automobile industry!
Xiong Xiaoge nodded slightly, agreeing with such concerns, which were objective facts.

However, he was not influenced by the automotive industry since he was a child, but he is more optimistic. He said with a smile: "There are challenges, but without challenges there are no benefits. Yu Xing has a good saying: Can it be more difficult than attacking Penguin's communication products?"

Xu Xin frowned, two different and incomparable difficulties.

If we must compare, the tram project has one good thing: at least it won't fail quickly.

At nine o'clock, the meeting began.

It was the first time that Yu Xing faced so many people as the founder of Carbon Silicon Group, and he couldn't help but feel a little nervous.

He did not avoid this emotion, but expressed it: "Hello everyone, I am Yu Xing from Shencheng Carbon Silicon Technology Group. There are many more people here today than I expected, which makes me very nervous standing here now."

There was no sound, no laughter, no applause in the conference hall, only gazes and different thoughts under scrutiny.

This time it was both a financing meeting and a supplier meeting.

The two meetings have one thing in common, which is that many things have not actually been finalized. IDG, Capital Today, Shenzhen Capital Group, and Zhejiang Industrial Investment are not sure whether to pay, and suppliers such as LK Group, Jingjin Electric, and Huichuan Technology have not finalized their cooperation.

“Some of you here may know me, but most of you have only recently gotten to know me and interacted with me.”

"First of all, I have to confess something that I believe many people are wondering: why would someone working in the Internet industry want to make cars?"

After Yu Xing spoke a few words, he noticed the various guests in the audience, and his mood quickly calmed down, and he even felt a little relaxed.

He laughed and said: "I have faced similar doubts. At that time, the question was, 'Why does a medical student want to work in the Internet industry?'"

When Xu Xin, who was sitting in the front row, heard this, a smile appeared on his face. He had asked a similar question himself.

Yu Xing gave his own answer: "Many people may want to hear me talk about my feelings towards the automotive industry, or what deep impressions I have of cars since childhood, but unfortunately, I don't have these. I don't have any filters or feelings towards industrial products like cars. I am standing here today just because I think there is profit here."

No feelings, no filters, just pursuit of profit.

Such words, accompanied by Yu Xing's calm tone, caused quite a stir among the audience; they had sentiments.

"I can be very frank with you today. I am willing to invest in the automotive industry because I noticed the huge benefits it holds in the future, just like I founded WeChat last year."

Yu Xing paused for a moment and looked around the audience. "In my opinion, just as the Internet has undergone a major transformation from PC to mobile, the automotive industry has also ushered in such an important moment today."

The slight commotion in the conference hall quieted down, and everyone's eyes focused on the face of the young man on the stage.

"I know not many people will believe what I said, but it doesn't matter. At the beginning of last year, I said something similar when I founded WeChat. Not many people believed it at that time either. However, that judgment eventually led to the sale of WeChat for nearly 45 billion yuan."

"45."

Yu Xing did not use US dollars, hoping that this number would be thought-provoking: "One atypical Internet person + one year + an important transformation moment in the industry = 45 billion."

"Today, no one doubts the fierce competition in the mobile communications industry, and even more so, no one doubts the profound changes taking place in the Internet industry."

“The same is true in the automotive industry.”

"Compared to the rapid development of the Internet, the automotive industry will not undergo earth-shaking changes in a short period of time due to its own characteristics, but its changes are no less profound than those of the Internet."

“That’s my personal opinion.”

Yu Xing smiled as he said this: "All of you here are veterans in the automotive industry with rich experience."

Then he changed the subject: "But the above view comes from the mouth of an entrepreneur who sold his company for 45 billion, and his other company may be listed soon. If you are not moved by this, then you really need to reflect on it."

Xu Xin and Xiong Xiaoge couldn't help but look at each other, hmm... they felt a familiar sharp style.

"If you don't agree, or don't have any thoughts, we may not be suitable to make money together. I'm here to make big money." Yu Xing said with a smile, "Please remember this. Huge wealth will be born from major changes in the automotive industry."

Su Yongqiang, the deputy general manager of Zhibo Company whose founder had just been fired, couldn't help but get excited when he heard this. Damn, who doesn't want to make money!
Yu Xing stood on the stage and had a clear view of the situation below. He saw that many people's expressions were fluctuating. He organized his words a little and continued, "I said that there is a huge fortune in the transformation of the automotive industry. The prerequisite is to change and reform. Otherwise, there will be no opportunity."

“So why the change?”

"Because the electrification of automobiles has wiped out the accumulation of fuel vehicles over the past hundred years."

"The three major parts of a fuel vehicle are the engine, the gearbox, and the chassis."

"You must be more familiar with it than I am. You asked me about Volkswagen's EA888 engine, and I scratched my head. You asked me about the data of Honda's K24Z2 inline four-cylinder, and I knew nothing."

At this point, Yu Xing casually asked, "Who among you knows how good Honda's K24Z2 inline four-cylinder is? Please raise your hand if you can answer this question."

As soon as he finished speaking, many people in the conference hall raised their hands.

Yu Xing raised his eyebrows and said with a smile, "Is it true? Do so many people know about it? The one in the brown leather jacket, oh, yes, big brother, tell me about it."

The guy in the brown leather jacket quickly got the microphone and gave the answer: "The K24Z2 is the culmination of Honda's NA era. Its i-VTEC technology is amazing! It directly uses electronic control to achieve dual adjustment of intake valve lift and timing! Coupled with the 5AT gearbox, the driving feeling is a linear output that is difficult to replicate with a turbine!"

"It is an all-aluminum cylinder block plus a forged crankshaft design, weighing only 132kg, 888% lighter than Volkswagen's EA15!"

"The Accord's sales for this year have not yet ended, but if nothing unexpected happens, it will definitely retain its B-class car sales champion for four consecutive years from 2008 to this year!"

"It is fuel-efficient, durable, and exciting at high revs. The market performance is the best evaluation of it!"

Yu Xing nodded and motioned for the elder brother to sit down: "Well, very good, very strong, very excellent. From the elder brother's answer and tone, I can tell how powerful it is. So, to what extent do I have to compete with the K24Z2, which is a culmination of all the skills?"

"Oh, Honda has accumulated so much experience and done so much research and development. Can I do better than it starting from now?"

"Huh? Do you think it's possible for a car to run on the road after it is equipped with a motor, a battery, and an electronic control system?"

"The engine is excellent, the gearbox is suitable, and the chassis tuning is all based on experience. Can I bypass these?" The continuous questions coupled with Yu Xing's somewhat frivolous tone made many people look unhappy.

In any case, or rather, the more competition there is, the more we try to catch up, the more respect many people have for the success of well-known brands.

Yu Xing then said, "Just now he mentioned that the output linearity of K24Z2 is incomparable to that of turbines. I see Mr. Liu from Inovance Technology is here today. Can Mr. Liu talk about the changes in motors in this regard?"

Huichuan Technology is a listed company that Yu Xing's team investigated and contacted with the aim of seeking cooperative research and development in the field of electric motors.

However, when Yu Xing mentioned the name of Huichuan Technology today, almost no one present had any impression of it and didn't know where it came from.

Liu Yunliang is the vice president of Huichuan Technology. He himself is a technical person and has had a lot of conversations with Carbon Silicon Group recently, but he still has doubts. However, after seeing this scene today and hearing what he has heard so far, he is inclined to finalize the R&D cooperation.

He took the microphone and gave a simple conclusion: "The engine is an internal combustion engine. It accumulates torque through mechanical processes such as combustion and crankshaft rotation. If it is driven by an electric motor, it directly drives the rotor through electromagnetic induction. The torque can reach its peak at the moment of power-on. The torque curve of the motor will not fluctuate by more than 5% within the speed range. The internal combustion engine is at least 20%."

"The torque curve of an internal combustion engine is a parabola, while that of an electric motor is a rectangle."

"If we compare linear output, the Honda engine is probably better than other engines, but compared to electric motors, it is definitely no match."

“This is a comparison of two different industrial products.”

"Our preliminary research shows that the linearity of the throttle from 0 to 100% is at least 95% of the fitted straight line when driven by an electric motor. For an internal combustion engine, it will probably not exceed 90%, or even less than 85%."

Liu Yunliang gave a conservative estimate, but his tone was very firm.

"How linear can a motor be? What does Huichuan Technology do? Why have I never heard of it?" When the people in the back row heard the conclusion, they couldn't help but question the level of the words.

Liu Yunliang replied cheerfully: "We at Inovance make vector inverters. Through independent research and development, we have broken the monopoly of foreign capital in the domestic market. We have been ranked first among domestic brands for four consecutive years, with a market share of over 14%. We started to make servo systems and PLCs in 07. Through the combination of 'inverter + servo + PLC', we provide customers with integrated solutions from bottom-level drive to logic control."

"Let's put it this way. This year, we renovated the elevator control system for the Great Hall in Beijing."

"I am still very confident in technologies such as power electronics and control algorithms. It is not difficult to judge whether the motor drive is linear or not."

Liu Yunliang spoke with confidence.

Yu Xing motioned for the man to sit down for the moment, and said with a smile: "Carbon Silicon Group is going to make electric vehicles this year, so we have comprehensively sorted out domestic suppliers and supply chain technologies rooted in electric vehicles. Inovance has reached a preliminary joint research and development intention with us. The engine is indeed difficult to catch up, but when it comes to electric motor drive, I see amazing confidence in Mr. Liu."

Seeing that someone else wanted to speak, he stretched out his hand and pressed slightly in the air, and continued: "I am not denying the excellence of Honda's engine. I just want to say that electric vehicles have solved the problems that fuel vehicles cannot catch up with in the three major areas."

"A century-old industry is no joke. If I had to compete with fuel vehicles, I would definitely not be standing here today."

"It is precisely because there is no need to catch up with the engine and gearbox now, and the center of gravity of the chassis has become more stable because of the battery, and without the filter, an electric car can at least have the possibility of competing with fuel cars."

"I haven't even mentioned that the acceleration capability of electric vehicles will far exceed that of fuel vehicles of the same level."

"Ladies and gentlemen, if the three core components of a fuel vehicle, namely the engine, gearbox and chassis, no longer have monopoly competitiveness, what kind of product market changes will that bring?"

Yu Xing picked up the teacup, took two sips of water, and gave the audience ample time to think.

Just now, everyone's attention was diverted because of a short discussion on motors.

At this moment, the significance of bypassing the three major items came back to my mind.

It is difficult for domestic cars today to catch up with foreign brands. Isn’t the most representative problem the three major components that are criticized for not being good enough?
In addition to technological accumulation, the patent wall of centuries of industrial output is also a problem.

How to solve this problem and that problem?

Just put aside the problem and change direction, then it will not be a problem.

"I saw some people's faces suddenly become very excited." Yu Xing put down his teacup and said with a smile, "I think the more perceptive seniors have already sensed the huge opportunities that are brewing here."

"I have to stress that I think this change is going to be a profound factor in the automotive industry."

"Both the industrial product itself and the brand value associated with it will be shaken by the development of electric vehicles."

"What Carbon Silicon Group needs to do now is to seize this opportunity and make a sufficiently good electric car."

Yu Xing said: "So far, Carbon Silicon Group has received an investment of 2 million US dollars. Not only me, but also the investors are actively exploring the golden value of the moment of change."

"Bypassing the traditional three major components and focusing on mid-to-high-end staggered competition, this is Carbon Silicon Group's current goal."

"Technology is evolving, and national policies are also trying to drive changes in our huge market, which can be seen from the documents released in the past two years."

“Once the technology iteration is completed and the market changes, it means that the supply chain of the automotive industry will have to be restructured.”

“Today is Carbon Silicon Group’s supplier meeting. Everyone present here is our recognized partner and we believe that they can become leaders and potential players in the emerging automotive industry supply chain.”

“You can’t make good cars without a good supply chain.”

“I can only succeed if everyone here succeeds, and you can only achieve greater success if I gain market recognition. From this perspective, our common development is necessary.”

“I hope that we can conduct in-depth joint research and development with the electric vehicle as a new competitive industrial product.”

"I myself invested money in this tram project, and I believe this investment will bring more returns."

"Originally, due to my understanding of industrial change, I had 50% confidence that I could succeed, but after researching and analyzing the domestic supply chain over the past few months, my confidence has become 80%."

"Not only the technical capabilities demonstrated by everyone here, but also the basic breakthroughs in the current supply chain are gratifying. I saw that Changan Automobile has cooperated with Southwest Aluminum and China National Heavy Duty Truck Group to develop aluminum materials for body panels. I saw that Baosteel's 980MPa ultra-high-strength steel production line has been put into production. I saw that Huawei launched the first automotive-grade communication module ME909T in China..."

“I am confident of future success.”

"I think this is probably not an opportunity to overtake others, but a brand new starting line."

"We are standing at a new starting point, with a huge market ahead of us."

Yu Xing slowed down his speech and looked to the side: "I wanted to see the foreign fuel car brands racing next to me, but I didn't see them. When I looked back, I found that they were one step behind."

"I discussed this with my vice president yesterday and he was very confused and thought I was too arrogant."

“I’m here to answer him today.”

“Because their fuel-powered cars are so successful.”

"The century-old automobile industry is a legacy of accumulation, leadership, success, and shackles."

Yu Xing finished his presentation to suppliers and looked at the head of IDG in the first row. He asked, "Boss Xiong, what do you think of the prospects of our electric vehicle project? Come up and talk to us so that we can also know the views and perceptions of the investors."

Xiong Xiaoge waved his hands and was unwilling to go on stage.

Yu Xing walked up to him and forcefully handed the microphone to him.

Xiong Xiaoge took the microphone but still did not go on stage. He just raised a finger in the air and said: "I don't know anything about cars. I just want to make money. I will invest 100 million."

Then he handed the microphone back.

In a word, one hundred million!

Yu Xing was the first to applaud, followed by thunderous applause in the conference hall.

No matter what you say, nothing is more convincing than money.

Xu Xin turned his head to look at Xiong Xiaoge, and seeing the smiling eyes, he knew that the head of IDG was acting as a stooge today.

She coughed lightly and said that she could also be a stooge.

Yu Xing's eyes met with President Xu's and he nodded slightly. He did not intend to give the microphone to her. He was going to let the supplier who already had a cooperation plan come on stage to describe the joint research and development model.

However, when Cai Haoyu, deputy general manager of Zhejiang Industrial Investment, saw this, he stood up and said, "Mr. Yu, we are also very interested in participating in the electric car project of Carbon Silicon Group!"

Yu Xing was really surprised this time and immediately gave another round of applause.

Afterwards, he invited Huichuan Technology to the stage to talk about the research and development of motors.

"Mr. Yu, you have found a lot of helpers?" Xu Xin couldn't help but said to Yu Xing who was standing aside.

Yu Xing said softly: "That's really not the case. That person really wants to make money."

Xu Xin was stunned and glanced at Cai Haoyu of Zhejiang Industrial Investment: "Your project is really going to start."

Yu Xing smiled slightly: "It has already been activated, otherwise, how could this scene come about?"

Xu Xin couldn't help but look around at the many people in the conference hall again. They had money, technology, supply chain, potential market, and policy drive.

In just a few months, Yu Xing's tram project was already on the way, aiming to block many industry giants who were making money.

(End of this chapter)