Chapter 357 Intention

Chapter 357 Intention

Chapter 357 Intention
Shen Hang Mitsubishi's attitude took a 180-degree turn, but Yu Xing had not received any news from the capital.

However, if we look at the chairman's initiative, he at least believes that the project has a great chance of being approved, and it is more likely that he has directly or indirectly obtained clear support.

This change in attitude and the message behind it is undoubtedly good news for Silicon Carbon Group.

Yu Xing briefly talked with everyone in Lingang about this opportunity and analyzed possible situations. Perhaps the reason why Beijing has not responded recently is that it wants to see the attitude of the engine manufacturer. It is not easy to initiate the process of the electric vehicle project of Carbon Silicon Group alone, but with the cooperation of the manufacturer, maybe it will be different.

All in all, although there are some minor tidbits, Shenhang Mitsubishi, which took the initiative to come to Lingang and show off its latest technology, is still the best choice at the current stage.

If what Chairman Chen said is true, the 1.5T engine technology is several years ahead of another supplier, Dong’an Power, which is said to be exploring the 1.0T engine but has not yet successfully ignited it.

"Boss Yu, are you not angry with Shen Hang Mitsubishi and the others?" Cui Zhiyu chatted with his boss for a few more words after the meeting and suddenly said this.

"Getting angry won't help. Everyone gets what they need. Look, Chairman Chen came to Lingang to meet me as soon as he felt there was a greater benefit, without me even asking." Yu Xing said with a smile, "What else can I say? It just so happens that Mr. Li is about to be transferred, so let's put all the responsibility on him."

Cui Zhiyu went to Fengtian several times to drink heavily, but he could not make any effective progress. This time he knew it was due to the leader's personal factors, and he still felt a little aggrieved.

He said with a hint of sarcasm: "Boss Li's wishful thinking will not work this time."

"That's it. He's been transferred. I don't know if we'll have the chance to interact with each other in the future." Yu Xing pondered, "Our main focus is still on making the car a success. If Carbon Silicon Group can succeed, then their words will naturally carry weight, and he won't be a big deal."

He thought that what happened this time could be shared as a small case in the future, of course, he would not mention any names.

Cui Zhiyu nodded in agreement, having a strong premonition that the progress of the range extender would be advanced quickly.

The time has been agreed upon by both parties.

After two days of consideration, Yu Xing took advantage of the latest news about the 1.5T engine and called his leader's secretary again. He also mentioned the communication between the two sides on cooperation, and the response he received this time was quite positive.

He was basically certain that the participation of manufacturers was indeed needed to promote the project as soon as possible.

"You guys are taking so much trouble to get something." Liu Wanying couldn't help but sigh after knowing the whole story, "Why don't we just go over the mountain and kill them directly?"

"Mr. Liu, President Liu, you can just give me money. Money can also push things forward." Yu Xing could only spread his hands, "It's said that it's easy to destroy but difficult to build."

Liu Wanying smiled and said, "You're not going to keep the money to make money? Are you going to buy the Lotus Group?"

Lotus wants to buy it, and part of the funds raised by Shanfeng can be used to participate in the name of an asset management institution.

Yu Xing snorted, "I have money, and I can still sell my stocks for money."

Bai Xiaosheng's stocks are also potential funds that can be used. Since Carbon Silicon Group has a budget for funds and it is expected that there will not be sufficient funds in the future, it has to consider normal sources of funds.

Yu Xing can pay part of the money himself, and then convert it into assets and inject it into Carbon Silicon Group.

However, this will happen at least two or three years later.

This is what Yu Xing thought and planned.

However, he did not expect that this meeting with Shen Hang Mitsubishi would also bring an opportunity for contact.

On July 7, a group of people from Shenhang Mitsubishi arrived in Lingang. In addition to Chairman Chen Maoyong, there were Mitsubishi's technical director and vice chairman, Yoshinori Yamazaki, and Camille from the Malaysia-China Investment Holding Company.

Thus, three representatives from the five holding companies came.

This is an unusual move, and the underlying meaning is quite obvious. Shenhang Mitsubishi said it values ​​the cooperation between the two sides and is willing to push forward, and all previous efforts can be put aside.

Yu Xing warmly welcomed the people from Shenhang Mitsubishi and also described his ideas on the future of the new energy industry.

Vice Chairman Yoshinori Yamazaki was probably invited here to play a "compensatory" role. He had little to say about the cooperation between the two parties, but he was quite interested after listening to President Yu's confidence in developing new energy projects.

"Mr. Yu, as far as I know, electric car companies around the world are more convinced of the future of pure electric vehicles..."

He said this first, and after a pause, he observed that Yu Xing's expression was not angry before continuing: "Why did you choose the transitional technology of the extended-range vehicle?"

Chen Maoyong frowned slightly when he heard this kind of question. This time he came here for cooperation and to improve his performance, so why bother about the transition or not?
"Yes, Tesla is making pure electric vehicles, and they are doing quite well. If we say that we have already reached the next 30 years, I think it will be pure electric vehicles. However, we cannot jump ahead. How can we meet the needs of users during this period?" Yu Xing said with a smile, "You can call it a transitional technology. As long as this technology can truly meet the needs of users, it is valuable and can be recognized."

He continued, "The range anxiety of electric vehicles is not so easy to alleviate, and the effect of extended-range vehicles in this regard is bound to be good. If this transition period lasts for ten or fifteen years, such a long period of time is enough to make our route have great value, and the experience and technology accumulated during this period can also be used to develop pure electric vehicles. There is no contradiction."

Yamazaki Yoshinori nodded slightly, then shook his head: "Mr. Yu, I am very happy to see your recognition of our Mitsubishi technology, but what I want to say is that compared with the range-extending technology, the energy efficiency of hybrid technology is obviously higher."

Toyota has achieved some results in its exploration of hybrid technology, and its hybrid models were exhibited at this year's Beijing Auto Show.

"I understand what Mr. Yamazaki means. It's mainly about the advantages of hybrid technology in terms of fuel consumption. The structure of the extended-range vehicle is simpler than that of the hybrid vehicle, and it does not use the engine direct drive mode. Under the same conditions, the fuel consumption will be higher." Yu Xing said seriously, "The 'carbon' in Carbon Silicon Group is taken from the 'carbon' of carbon-based organisms. It is to serve people. In the final analysis, technology is to serve people."

"Compared to the fuel consumption performance, the simple structure of the range-extended vehicle can save more volume, and it is also easier for us to design the reliability and smoothness of the vehicle. In addition, we think that the range-extended vehicle can allow us to focus more on the design and performance of the motor compared to the hybrid vehicle."

"Different technical routes have their own advantages and disadvantages. We chose this path according to our own situation and hope that the market will give positive feedback in the end."

Yu Xing is relatively concise and does not write long speeches.

Things related to this kind of technical route cannot be settled in a few words. Even if we talk for a few more days, it is impossible to convince each other. Only the market performance is the most real.

Yoshinori Yamazaki was the technical director. He just wanted to discuss it and had no intention of disrupting the communication. Seeing that the young founder of the car company was not completely ignorant of the technical route, he stopped the communication.

"Mr. Yu, the road is always built by walking." Chen Maoyong encouraged, "I heard that Carbon Silicon Group has done a lot of work on the supply chain. I believe it will definitely bring great impetus to the new energy industry. Shenhang Mitsubishi's 1.5T technology is basically completed this time. We originally planned to launch it to the market next year, but since Carbon Silicon Group hopes to optimize it for extended-range scenarios, it is best to use it now."

The engine has to be modified anyway, so it doesn’t matter whether it is officially launched on the market or not.

"Mr. Chen, Shenyang Aviation Mitsubishi is the best engine manufacturer in China. We are just waiting for your technical cooperation." Yu Xing said with a smile, "This coincides with the release of the eight-year industry plan. It can be said that we have the right time, right place and right people."

Chen Maoyong nodded repeatedly, timing is the most important, and policy is everything.

Now that the intention has been confirmed, we can discuss the specific cooperation directly.

Chen Maoyong agreed to the establishment of a subsidiary between the two parties, but required Shenhang Mitsubishi to hold a 51% stake, and this part of the shares would all be calculated based on technology.

In other words, Shenhang Mitsubishi did not pay a penny, only technology and people, and at the same time, the value of this part was calculated as 5100 million, which means that the subsidiary had to make a 1 million project. Yu Xing had objections to both the share ratio and the company's value, and was unwilling to have all his shares calculated in terms of funds.

The attitudes of both sides were very firm, and after talking for a long time, no progress was made.

The next day, Yu Xing proposed a new plan. The value of the subsidiary would be reduced, and Lingang's funds would be introduced. Shenhang Mitsubishi's shares would not exceed 50%, but it would still be the majority shareholder.

Chen Maoyong flatly refused. Lingang must be in cahoots with Carbon Silicon Group. Is there any need to think about it?

Some progress was made that day. Although the shares were not agreed, Shenhang Mitsubishi was willing to place the subsidiary in Lingang.

The exchange of opinions during the day was quite intense, but the atmosphere during dinner in the evening was quite harmonious.

Yu Xing entertained us for two consecutive days and we had some exchanges.

When he was chatting with Camille, who represented a Malaysian investment institution, he suddenly remembered the other party's identity and asked with a smile: "Mr. Ma, is Proton Group interested in selling Lotus? I am quite interested in Lotus."

Camille gave himself a Chinese name, Ma Manfan.

Ma Manfan was a little surprised and asked, "Lotus? Proton's Lotus? Is Mr. Yu really interested?"

Yu Xing was also a little surprised to see his reaction: "Yes, Lotus of Lotus sports cars, is Proton looking for a buyer? I saw it clarified this news twice."

There have been reports since last year that Proton is going to sell the Lotus Group, but the Proton Group has given a very formal denial, insisting that it will not sell Lotus and will achieve a revival of the brand.

Yu Xing believes that Proton will have to struggle with this financial black hole for a few more years before giving up.

"Lotus is a very good brand. If Mr. Yu is interested, I can ask for you." Ma Manfan was very serious.

Yu Xing turned his thoughts around and said again: "I am really interested."

Ma Manfan immediately took out his cell phone: "Then I'll go over and call and ask."

He couldn't even take care of eating and drinking for the time being.

Chen Maoyong, who also heard the conversation, expressed his dissatisfaction while drinking: "Boss Yu, you have money to buy lotus flowers abroad, why bother with us over such a small amount of company value?"

Yu Xing smiled and said, "Mr. Chen, tens of millions is not a small amount of value. It is a lot. I am interested in the lotus, but I am not really going to buy it now."

Chen Maoyong shook his head and expressed his firm stance.

After a while, Ma Manfan finished the call and returned to his seat. He said seriously, "Mr. Yu, if you are really interested in Lotus Group, you can go to Malaysia to talk to them in person. They are willing to consider selling part of the shares of Lotus Group to ease the financial tension."

When Yu Xing heard this, his nerves skipped a beat and he suddenly became excited.

He didn't answer immediately, thoughts racing through his mind.

Chen Maoyong curiously asked for the price: "Mr. Ma, what value will the Lotus Group use to calculate it?"

Ma Manfan shook his head: "We have to discuss this in person, but the overall price will definitely be calculated in US$100 million."

"Proton paid $8100 million to acquire 80% of Lotus Group, and the group was worth a little over $1 million," Yu Xing said. "But Lotus has been losing money since Proton acquired it. It has lost at least $1996 million from 6 to now. I don't think Lotus Group is worth more than $1 million now."

Ma Manfan and Chen Maoyong were both surprised when they heard Mr. Yu blurt out the information about Proton and Lotus. Is he really interested in buying them?

Ma Manfan immediately said: "Mr. Yu, that was $1996 million in 1!"

"Yes, that is also the $1996 million loss from 6 to now." Yu Xing said calmly, "Also, since you are in contact with Proton Group, please ask again. I am only interested in buying Lotus Engineering. If they are willing to sell Lotus Engineering, I think we can arrange a time to meet in Malaysia."

Yu Xing wanted to take action against the entire Lotus Group, but the time was not now.

However, Ma Manfan obviously has a good relationship with the Proton Group, and the current contact is also a good opportunity. For the current Silicon Carbon Group, the "Lotus Sports Car" is also a heavy financial burden, but the "Lotus Project" is a puzzle that can make up for the Silicon Carbon Group's car manufacturing.

Whether it is design or tuning, this is the strength of Lotus Engineering and the experience they rely on to survive around the world.

Ma Manfan shook his head: "Mr. Yu, this is impossible. The Lotus Project cannot be sold separately."

Yu Xing immediately said: "If they are willing to split up, I can make certain concessions on valuation."

Ma Manfan hesitated for a few seconds, then stood up and said, "Then I'll make another call."

Chen Maoyong was sober now: "Boss Yu, do you still want to buy it? No, no, if you need this money, our subsidiary company must be finalized!"

Seeing that Mr. Yu only smiled and said nothing, he added, "If I hadn't brought Mr. Ma here, you wouldn't have had such a channel to contact him!"

Proton Group’s external statement is that it is unwilling to sell, but this is not the case according to Ma Manfan’s contacts.

"Mr. Chen, thank you very much. As long as Shenhang Mitsubishi is willing to hold less than 50% of the shares in our joint venture, the project value can be determined according to your opinion." Yu Xing gave in and said, "But Carbon Silicon Group cannot provide all the funds, so it can only be paid in installments."

Chen Maoyong frowned, thinking about the latest situation. Whether it was paid in installments or not, it would be fine as long as the nominal value was sufficient.

After a while, he proposed a new condition: "Shenyang Airlines Mitsubishi's shares can be less than 50%, but Fengtian also needs to hold shares."

Yu Xing was helpless: "Mr. Chen, look at you, this is going to be stuck again, why do you want so many shares?"

Chen Maoyong said unhappily: "Nonsense, then ask yourself first, what do you want to do with so many shares?"

Yu Xing shrugged: "I'm afraid Shen Hang Mitsubishi will suddenly turn me down again."

Chen Maoyong: “…”

He pointed in the direction of the door: "Boss Ma is back."

Ma Manfan met the gaze of the two people, nodded as he walked, and the deal could be negotiated.

(End of this chapter)