Chapter 379 Collision

Chapter 379 Collision

Chapter 379 Collision
On the last day of August, news of a well-known short seller shorting a well-known car company has swept the online and offline news.

Even CCTV-2 mentioned this matter with great interest in its "Financial Commentary" program.

One is a rising short-selling star in recent years, and it is rumored that the mastermind behind the scenes is from China. The other is a well-known Japanese car brand. The scam that was accused this time is said to have lasted for 20 years, which inevitably makes people want to see who will win and who will lose.

Judging from the stock price drop on the first day, Guo Shanfeng is not only famous in China, but investors in the Japanese market also believe in the credit endorsement brought by Guo Shanfeng's past winning record and have chosen to use their stocks to support their investment.

However, just when everyone wanted to continue to wait and see the situation of Mitsubishi's stock price the next day, the Tokyo Stock Exchange responded quickly and announced a temporary suspension of trading of "Mitsubishi Motors", directly cutting off the channel for the stock price to continue to fall.

At the same time, Japan's Financial Services Agency (FSA) announced an investigation, citing the Financial Instruments and Exchange Act, believing that "Guo Shanfeng" was suspected of insider trading. In addition, the party involved, Mitsubishi Motors Vice President Tetsuro Aikawa, publicly denied fraud and accused the short sellers of being blinded by profit.

The speed of the process, especially the Tokyo Stock Exchange's decision, is extremely surprising.

At least, Yu Xing was really surprised this time.

Although there were suspensions in Guoshanfeng’s past short-selling cases, such as Sino-Forest in the Canadian stock market and China Forestry in the Hong Kong stock market, they were all suspended after the overall situation had been decided. Now, the Tokyo trading is like making a decision without thinking as soon as it meets the market.

After receiving the news, Yu Xing hesitated and did not contact Xiaoying, but he felt that she had a keen sense of smell by reserving 30% of the principal this time.

He couldn't help but ponder the situation during the morning meeting, and had to truly appreciate the practical operational difficulties brought about by the institutional barriers and corporate habits of the Japanese market.

Reporting rules and high margins hinder the ability of short sellers to make profits, and cross-holdings between companies and the habitual long-term holdings of institutions also suppress the collapse of stock prices.

But...Mitsubishi's false reports are easy to verify, and its cars are not only sold in the Japanese market.

When Yu Xing thought about it, he felt that the other party might want to exchange time for space.

Hu Zhengnan noticed that his boss was a little absent-minded, and Adams, who was in charge of the engineering department, was also absent-minded.

He wondered what happened to these two people today?
The meeting was about to end, and because the topic discussed today was relatively unimportant, everyone naturally talked about a hot topic in the industry - Mitsubishi's fuel efficiency and fuel consumption fraud.

The Silicon Carbon Group is actually somewhat related to this matter, because the range extender developed in cooperation with Shenyang Aviation Industry Corporation of China (Shenyang Mitsubishi) is the result of its digestion of Mitsubishi engine technology.

It was at this time that Lin Weihua, the head of the range extender team, sighed: "No wonder when we tested the engine thermal efficiency before, Mitsubishi's 3B20 couldn't measure the value they officially announced. The test team 3 even dismantled the engine for inspection, but still couldn't find the problem. In the end, they could only mark it as abnormal."

Hu Zhengnan was surprised: "Is there such a thing? Have you ever measured the thermal efficiency that Mitsubishi falsely reported?"

Lin Weihua nodded and said with a smile: "Yes, we have specially marked it out. When Mr. Yu saw it, he called me to ask about it. What a pity. If we had known that it was Mitsubishi's problem, we would have contacted Shanfeng directly or learned from Shanfeng's way of doing things. Maybe we could have made a lot of money!"

Yu Xing drank his tea calmly and said, "It's not a pity, it's not a pity. You have already contacted Shanfeng directly."

Everyone in the conference room found it amazing that Mitsubishi's scam could be confirmed in their own tests.

Hu Zhengnan turned around and asked his boss: "Boss Yu, is that true? Did you even call to ask?"

Seeing them asking him questions piecemeal, Yu Xing smiled and shook his head, saying, "I can't remember, it seems so. Maybe I felt it was strange at the time, but it has nothing to do with our work, so I definitely didn't take it seriously."

Hu Zhengnan thought it made sense, but he also felt a sense of regret.

Adams from the Engineering Department said sullenly, "Guo Shanfeng may not be able to make money this time. Mitsubishi has been suspended from trading, and Japan is still investigating Guo Shanfeng, the short seller. Maybe we will soon know who is behind it."

When Hu Zhengnan heard this, he guessed why Adams was not so focused today. He was the former head of the engineering department of Fisker in the United States, and the final blow to Fisker came from Guo Shanfeng's previous judgment in the research report.

Fisker also pursues the extended-range vehicle route. It was because of such a disintegration that Adams and some of his colleagues were recruited by Liu Jiankai, who went to the United States, to Lingang, and are still moving forward along the extended-range route.

As one of Fisker's top executives, Adams was still owed wages, so he was naturally unhappy with Guo Shanfeng, who led to the collapse of his former employer.

Yu Xing felt horrified when he heard what Adams said. This was indeed the first time he heard of an official investigation from an administrative agency. It still made him quite... uneasy.

He chose to end the topic: "Okay, let's stop here. It's all dog-eat-dog. There's nothing to talk about."

The meeting was over, but the people leaving the meeting room were obviously still chatting with great interest as they walked.

Cui Zhiyu and Hu Zhengnan stayed.

From last month to this month, Yu Xing's workload in Carbon Silicon Group has been significantly reduced. One reason is that the organizational structure has been rebuilt, allowing everyone to advance the work more clearly, and the other is that these two people are indeed very capable of taking on the heavy responsibility.

Cui Zhiyu was considered a middle-to-senior level executive when he was at Great Wall, but the work he was involved in was not as comprehensive as that at Carbon Silicon. However, he was able to handle it very well.

Hu Zhengnan originally served as Bange's deputy, but his abilities were not limited to providing design advice. He also did a good job in connecting with the engineering department and implementing verification.

The current internal team of Carbon Silicon Group is largely composed of foreign leaders + domestic deputies + industry elites. Although the project is new, there is no lack of experience in the industry. However, new energy itself is about exploring new development directions, and everyone is bound to have thoughts and collisions.

Yu Xing thought Hu Zhengnan was very good. However, regarding the previous suspension choice and the overall design plan, because Hu Zhengnan supported the option of double wishbones, he even had an argument with other departments in the meeting.

At that time, because of the sentence "You are just a reverse engineer", Hu Zhengnan was so angry that he slammed the door and left.

However, overall, the internal atmosphere is good and the team members get along well with each other.

The two stayed after the meeting not to continue chatting about Mitsubishi, but to mention the positioning of Zhibo Company.

Just two days ago, Zhibo Company reported the research and development progress of millimeter-wave radar. The prototype based on MMIC RF front-end + FPGA signal processing architecture has been made, but it is now facing the problem of verifying core indicators such as resolution and speed measurement accuracy.

Zhibo Company contacted Carbon Silicon Supply Chain Company, hoping to get help, first by moving to Lingang, and second by introducing technical forces from universities to participate in antenna design and signal processing algorithm optimization.

From Pengcheng to Lingang, Zhibo Company’s choice is not difficult to understand. Strengthening technical strength is also a routine action, just like Carbon Silicon Group wants to make a breakthrough in heat-free aluminum materials and also cooperates with Jiaotong University.

However, when Cui Zhiyu saw the initial progress of Zhibo Company, he was considering how to deal with this company in the current ecosystem of Carbon Silicon Group. Because they were both members of the executive committee, Cui Zhiyu and Hu Zhengnan discussed and felt that such a company that was likely to be invested in for a long time still needed to further clarify its direction, or make some progress in the board of directors and voting rights.

After listening to the two people's thoughts and opinions, Yu Xing talked about his own ideas: "In this regard, I think BMW is good. It holds half of the shares in BMW Brilliance and takes half of the profits, as well as excess profits from technology licensing. We can learn this way of dealing with suppliers."

BMW Brilliance is a joint venture, with BMW holding a 50% stake. But in addition to the profits divided according to the equity ratio each year, its technology licensing fees are calculated separately. Another important part is the supply of parts and components.

BMW's parts contribute 8% of its non-equity interests, and through its affiliated supplier companies, it retains excess profits in the industrial chain with itself as the core.

Yu Xing feels that the synergistic advantage of technology + manufacturing is worth learning. As long as Zhibo Company can produce millimeter-wave radar, it can naturally obtain domestic orders. The future research direction of millimeter-wave radar is 4D millimeter wave, which still has a good market.

Similarly, lidar can continue to advance into solid-state lidar in the future.

Technology like this can be provided not only to Carbon Silicon Group, but profits in the industrial chain will naturally circulate in a healthy manner.

Cui Zhiyu and Hu Zhengnan understood this structure in just a few words without Yu Xing saying much, but... money is still a problem, and Carbon Silicon Group itself still needs to burn money.

"Let Zhibo move to Lingang first, and let's put the money issue aside." Yu Xing frowned, and the suspension of Mitsubishi flashed through his mind. He said, "Money is indeed a problem. I will try my best to find it in the next few months."

Cui Zhiyu had no choice but to say: "Boss Yu, if you want to raise money, raise it for us first. Whether it's Zhibo or Linggang, we have to survive first."

Yu Xing nodded: "Yes, of course. In short, we should strengthen the balance in equity. For example, the joint research and development of universities should also include carbon silicon supply chain companies to deepen cooperation from the equity and technology levels."

After chatting for a while, it was almost noon.

Yu Xing and the other two went down to the cafeteria to continue chatting, but when he was halfway through the conversation he received a call from Xiaoying, and his attention immediately returned to the current short-selling situation.

"I thought you would call me this morning." Liu Wanying expressed surprise on the phone.

"I'm afraid that if I call you, you'll think I'm rushing you. Besides, you've reserved the principal, so I'm sure I can't come up with a better suggestion." Yu Xing said seriously, "You think about that every day, you're sure to have a solution."

Liu Wanying smiled and said, "In Japan, they generally value long-term relationships and reputation. Those institutions and shareholders have high trust in their own companies. It was already quite good that we were able to push down Mitsubishi's share price yesterday with our research report."

Yu Xing listened quietly.

"The Tokyo Stock Exchange's quick action is indeed tricky. One possible problem now is that our positions may be frozen by the Financial Services Agency." Liu Wanying said, "Fortunately, I kept the habit of taking part of the profits on the first day, which is a manifestation of discipline. We can only wait and see if other institutions can replicate Mitsubishi's fraud. In addition, Mitsubishi used loopholes in different systems to commit fraud. This time we will also have to see the tug of war between different systems."

"I have entrusted a law firm to seek a joint lawsuit against Mitsubishi in the United States for fraud. The Japanese system has caused Mitsubishi to be suspended from trading, but the American system will have an answer."

"So, I'm afraid that Boss Yu might be worried, so I'll give you a report first."

Yu Xing immediately said, "I'm not worried. It doesn't matter how much I make, as long as I can make money. Mitsubishi will not be the last one to deceive Eternal. Moreover, this is a 20-year fraud. I don't think this kind of systematic fraud in Japan is an isolated case."

Liu Wanying said "hmm" and ended the report-style communication with "deceit remaineth forever".

A lot of Guo Shanfeng’s fame in China comes from this “maxim” which is easily spread, so much so that there are people claiming to be Guo Shanfeng’s fans on some public platforms.

Yu Xing felt that the current stalemate could not continue. No matter what, the scam existed and the backlash would come sooner or later.

The third day after the peak move is Saturday. The Japanese stock market is also closed for two days on the weekend, so we need to observe possible changes.

However, this day also marked the day when Baice started the evaluation of a new column. A group of people including notaries, experts, high-speed cameras, and Carbon Silicon employees gathered at the constructed test site early in the morning.

Yu Xing was late because he had to communicate with Xu Xin about the latest financing situation proposed by Carbon Silicon Data Company, but when he arrived, it happened to be the time for the evaluation of the Mercedes-Benz C-Class.

25% frontal offset collision, speed 64km/h.

Bang! !

High-speed cameras recorded the moment of the collision.

Mercedes-Benz previously tested Volvo, which is indeed strong enough. That is why the performance of the C-Class in this collision seems to be significantly different from the previous situation.

As an automobile safety expert, Thomas was also borrowed today. He immediately walked to the front with a serious look and noticed an extremely obvious problem.

——The A-pillar was severely deformed, with the intrusion reaching 15cm. The dummy's head was in contact with the edge of the airbag, posing an extremely high risk of leg injury.

This means that the Mercedes-Benz C-Class can only get the lowest score in this collision.

Thomas frowned and expressed his judgment.

When the two notaries heard the translation, they looked at each other in surprise. This is a Mercedes-Benz.

One of them had to pull Mr. Yu aside and ask whether the results of this evaluation would be made public or not, hinting that it might cause considerable impact.

"Of course it will be announced." Yu Xing spread his hands. "I didn't cheat. I thought all good cars would pass. We are here to learn. This... this is a new car that was bought with the whole process recorded. If it has any impact, go ask Mercedes-Benz."

Bang!
——We are in a learning attitude.

——I thought all good cars could pass.

——Let’s talk about my 25% frontal offset collision.

——We are all living hard!

(End of this chapter)