Chapter 382 Financing

Chapter 382 Financing

Chapter 382 Financing
Unlike what Yu Xing did, he appeared quite gentle in the NetEase interview, and his attitude was even tolerant.

Because of the unpleasant exchanges at the auto show, the subsequent public opinion, and the reviews that caused an uproar, many people thought that this entrepreneur who switched to the automotive industry would seize the opportunity to criticize brands such as Mercedes-Benz, but he was surprisingly restrained and rational in the interview.

Moreover, Yu Xing even wants to open up his patents...

NetEase released an exclusive interview, and different media had very different interpretations and comments. For example, Sina gave a good evaluation after reprinting the report, saying that "the water in Lingang is flowing upstream, the young entrepreneurs are full of energy, and Yu Xing is still not afraid of any rumors." Penguin, on the other hand, seized on the legality of this evaluation, believing that no matter what the result is, procedural compliance must be adhered to.

Compared with the attitudes of different media, more onlookers have shown more obvious changes in their tendencies, and similar words have appeared on different platforms - he is about to open up his patents, what else can we do from him?

In addition to the interview, the key to this change in public opinion was also the fact that many media outlets dug up and disseminated the test results of the US IIHS in August mentioned by Yu Xing.

It turns out that Yu Xing was not making it up. It was indeed the most cutting-edge test in the industry, and the Mercedes-Benz C-Class did indeed perform poorly.

Not only that, the IIHS test found by the media also showed that the Audi A4 was also the worst "Poor", and the BMW 3 Series was only slightly better at "Marginal". On the contrary, Suzuki, Subaru and other models that are generally not as sturdy as German models received excellent and good grades.

The performance of such a single link cannot be used as an overall safety evaluation of a vehicle model, but the differences in performance of different models in 25% offset frontal collisions do exist objectively.

And, after media coverage and analysis and discussion, it was found that this angle of offset collision is indeed more common in traffic accidents.

In this case, the chaotic public opinion returns to the important starting point. BBA did perform poorly in such a test.

Sina Weibo has seen boomerang-like hot searches, such as #use the car to speak#, #apologize to Mr. Yu#…

Let’s not worry about whether Mr. Yu’s car has been produced or not, and don’t worry about how it will be produced in the future. Why do these luxury cars, which are not cheap, perform like this?

The official accounts of many automobile brands have lost their previous activity and have fallen silent.

Autohome took the opportunity to conduct another vote, and the result was... the lowest score went to Mitsubishi, which did not participate in the test at all.

As for why it received such bad reviews since Yu Xing didn't test it at all, the reason is very simple - it was fake, so it must be the lowest!

There are disputes at the auto show, cars talking, crash tests, Mitsubishi fraud, and Ghosn criticism...

The recent car industry has been quite exciting, but for people on the Internet, hmm… did the name “Yu Xing” come up again? I heard that Mr. Yu went to build cars honestly. He couldn’t hold back his nature after all, right? !

There is even a legend that Ma Dian made comments remotely on Alibaba's intranet.

An Alibaba employee talked about news in the automotive industry on the intranet and claimed that Yu Xing was a troublemaker.

As a result, Ma Dian's account appeared in the comments, and he said: "If the car is not successful, it is a troublemaker. If the car is successful, it is daring to act."

Unfortunately, perhaps it was completely false, or perhaps Ma Dian did not want to get involved in such public opinion after the honeymoon on WeChat was over. Later, when the employees who heard about it wanted to verify it and took screenshots and sent them to Bai Xiaosheng, they could not find the original post.

On September 9, the heat in the automotive industry gradually cooled down, and a penalty notice on Baice was issued by Industry and Information Technology. According to the "Regulations on Supervision and Management of Road Motor Vehicle Product Inspection", Baice, which did not obtain CNAS and CMA qualifications, was criticized.

The 25% offset frontal collision test conducted by Baice did not comply with the "regulations" in terms of procedure. According to the "regulations", such violations can be punished with "notification of criticism".

Is it a violation? Yes, it is a violation.

Was it punished? Yes.

Can we continue doing this?

Yu Xing did not answer questions from platforms such as Weibo, Baixiaosheng, and Autohome, but someone from the Baixiaosheng Forum revealed that the "Baice" activity will be guided and the second round of testing will only be carried out after applying for CNAS and CMA qualifications.

As for when the application will be approved...there is no news yet.

Many people think that there will actually be no next collision test.

On September 9, Zhang Suyang from IDG, Xu Xin from Today Capital, Hu Xubo from Qiming Venture Partners, and Cai Haoyu from Zhejiang Industrial Investment were invited to Lingang to discuss the next stage of development and financing of Carbon Silicon Data.

Cai Haoyu came alone, and the first three came together.

When Xu Xin and the others arrived, they could clearly see that Yu Xing had already been chatting with Cai Haoyu for a while.

"Mr. Yu, you've been criticized in the notice, but you're still quite calm?" Xu Xin came up and said this.

Yu Xing was indeed very calm: "It is protective criticism, and the process has been completed. I think we can continue to do it in the first half of next year."

Zhang Suyang asked curiously, "In the first half of next year, which two qualifications will be approved?"

Yu Xing nodded and said, "The one in the city can actually be made this month, but it looks quite eye-catching, so we'll have to wait until next year. SAIC will have a model using Baosteel's 1500Mpa high-strength steel next year, so we can test it together then."

As he said this, he nodded to Hu Xubo of Qiming Venture Partners as a greeting.

Hu Xubo was a little hesitant about how to start the conversation, but when he saw that Mr. Yu did not show any abnormality, he nodded as well, thus letting the previous matter go.

The easing of the relationship between the two sides came from the merger of Mogujie and Meilishuo. He had previously shown his position when facing Penguin, and after seeing that Alibaba was interested in selling its shares in Carbon Silicon Data after the honeymoon ended, he actively contacted Alibaba and took a share.

No matter what, Qiming Venture Partners is still a shareholder of Bai Xiaosheng. Although there are some disagreements on WeChat, it is not something that cannot be resolved.

Although they came here for SiliconCarbon Data Company, IDG and Capital Today are both shareholders of SiliconCarbon Group, so they are naturally concerned about the progress of the electric vehicle.

Yu Xing introduced the general situation. At present, the extended-range six-seater, front and rear electric motor four-wheel drive, 1.5T range extender, double wishbone plus multi-link suspension and other aspects have been finalized, and the overall outline has been revealed. After the size parameters and layout are frozen and verified by CAE simulation, the prototype car will be trial-produced, and the actual prototype will be seen around the middle of next year.

Although two of the four investors did not invest in Carbon Silicon Group, they were quite excited to hear about this time point.

Xu Xin even asked: "Has the exterior design been finalized? Can we see what it looks like now?"

Yu Xing directly presented a PPT with part of the exterior design. After showing them one by one, he explained: "This has not been finalized yet. How the range extender can be optimized, the position of the double wishbone and the multi-link will all have an impact. Now it is just a rough outline."

"Also, there's the issue of battery pack size, and all of this will take a long time."

"We are now trying to determine the things that will not change first, and then optimize the 'variable' parameters, such as the proportion of the front grille and the shape of the taillights."

Yu Xing casually pointed at the design on the screen.

Xu Xin looked through the design drawings intently and couldn't help but express her intuitive feeling: "Boss Yu, why do the front faces of your cars seem quite round?"

"Not very traditional, right? Actually, Mr. Xu, you can see that the front of the Land Rover has become a bit rounder than the previous generation." Yu Xing explained, "We are an extended-range vehicle and still retain the air intake grille, but its importance is not as great as that of a gasoline vehicle. Therefore, this rounded front can reduce wind resistance and increase battery life."

Xu Xin was puzzled and asked, "Since it can reduce wind resistance, why can't gasoline cars do the same?" Yu Xing smiled and said, "The priorities are different. Gasoline cars also pursue wind resistance, but the engine's air intake, air conditioning heat dissipation, and gearbox cooling are more prioritized. It must meet these functions first and then consider wind resistance. The priorities of the two functions are different."

Xu Xin nodded, seeking a similar feeling from Zhang Suyang: "Mr. Zhang, do you think it's too weird to be so round?"

Zhang Suyang did feel this way, and he stroked his chin and thought, "It's weird, I wonder if I can get used to it."

Hu Xubo didn’t invest in Carbon Silicon Group anyway, so he voiced his support at this time: “It actually looks quite simple, without so many sharp edges and corners.”

Yu Xing smiled and turned off the PPT: "It hasn't been decided yet. Bange has a lot of ideas, but some have been rejected by the engineering department. I'll show them to you when they are decided. Today we still have to talk about Carbon Silicon Data Company. Why don't you want to pay?"

He suddenly brought the matter to a head with just half a sentence.

——Unwilling to pay.

This was the attitude Zhong Zhiling encountered when he approached institutions to discuss financing for pre-installation.

He contacted them twice, and although they didn't reject him so obviously, they still had doubts about spending a lot of money on the pre-installation market.

This is not a small amount of money, it is a big investment that requires saving up 10 billion.

Although Zhong Zhiling is now in charge of the operations of Carbon Silicon Data and is doing a good job, financing and planning of this scale still require Yu Xing himself to step in to promote it.

In fact, all four institutions have similar feelings. Mr. Yu is asking for an exorbitant amount of money this time, and then wants to bargain for some funds.

"Mr. Yu, don't play those tricks on us about how Carbon Silicon Data Company will determine the financing. You let Zhong Zhiling say 10 billion, and then come out to compete with us. Hey, you are so busy building cars yourself, just say it directly if you have something to say." Xu Xin bluntly tried to point out Mr. Yu's thoughts.

Yu Xing opened his mouth but no words came out.

He looked at Mr. Xu's self-consciously smart expression and couldn't help asking Zhang Suyang next to him: "Why didn't Mr. Xiong come? I don't want to talk to the self-righteous inferior Ma anymore. I want to talk to Mr. Xiong directly."

Xu Xin frowned: "Do you want to quarrel again?"

When Hu Xubo heard this, a smile appeared on his face out of habit, but his smile froze halfway through. Wait, he should not get involved in teasing such a low-ranking horse.

Yu Xing said helplessly: "It's because I'm very busy making cars, so, this is the truth, Carbon Silicon Data Company needs 10 billion in funds to enter the pre-installed market, and I even think 10 billion is not enough."

Xu Xin glared: "Don't exaggerate!"

Yu Xing sighed, picked up the teacup and drank the tea silently.

Bite after bite.

He didn't say anything until the teacup was empty.

This kind of performance without rhetoric or gimmicks conveys a message.

Zhang Suyang was a little surprised: "Mr. Yu, are you serious?"

Yu Xing asked back: "Boss Zhang, do you also think I'm not serious?"

Zhang Suyang discussed: "Carbon Silicon Data Company's current software matrix already has good traffic, and the promotion of Wifi Master Key is also great. At this time, using this scale of funds to develop the pre-installation market, isn't it... reconsider it?"

"Each stage has its own strategy. The traffic of software matrix has slowed down. Many cities are following the trend of WIFI Master Key." Yu Xing said seriously, "If we can still do projects with relatively good quality and low price from 2011 to 2012, but we are reluctant to spend money next year, then we will be outdated."

"Look at group buying, WeChat and micro-chat. If you don't compete for capital next year, it will be twice as difficult to compete later."

"According to estimates from various agencies, domestic smartphone shipments will exceed 4 million next year. We estimate the size of the mobile phone pre-installation market to be around 30 billion. If we want to be the number one pre-installation market, we need to have at least a 20%-30% share, and the budget would be 6 million to 9 million."

"Moreover, the pre-installation market requires negotiations with mainstream mobile phone brands. If you want to do 'exclusive pre-installation' or 'priority display', the budget will be even higher."

"Everyone knows that the growth momentum of smartphones is very strong. We can't get cooperation just because we have money. We have to pay a certain premium. Our competitors in this market are Baidu, 360, Alibaba, and Penguin. The longer we delay, the higher the cost."

Yu Xing had a detailed chat.

When Hu Xubo heard this, he said, "It will be very difficult to compete with Alibaba and Penguin for the market."

"There will not be only one pre-installed software in a mobile phone, so they can coexist, but there is also a limit on the number. We actually have an advantage over Alibaba and Penguin now," Yu Xing said in a firm tone.

Xu Xin asked: "How do you say that?"

"Large companies have a longer decision-making chain. They are slow to make decisions on whether to increase prices or how much to increase them." Yu Xing said seriously, "Rich companies don't make decisions as fast as I do, and companies that make decisions quickly don't have as much money as I do. This is the window period that the pre-installed market can seize."

Zhang Suyang smiled and said, "Okay, Mr. Yu, you are starting to act in a set way."

"Ali is unwilling to pay, so it's gone. You didn't pay us when you came in, and now you're unwilling to pay, so why did you come in to take over?" Yu Xing said helplessly, "If you don't make a decision when you should, everyone will lose in the end."

Xu Xin reminded: "It's not that Alibaba is unwilling to pay, it's that you have offended them."

Yu Xing shook his head: "I'm wrong. Alibaba wanted to buy the company. It offended me."

Cai Haoyu, who had been silent, said at this time: "Companies with money don't make decisions as fast as you, and companies with fast decisions don't have as much money as you. It's really quite different."

Yu Xing nodded slightly: "This is the current situation, but it won't last long. Since you are here, Mr. Cai invested in it, and you bought it, but you have to be a good shareholder who adapts to the times."

Xu Xin laughed in silence: "What is a good shareholder?"

Yu Xing is extremely serious: "Those who are willing to pay are good shareholders."

Xu Xin pointed at Yu Xing and glanced sideways at Zhang Suyang.

Zhang Suyang also laughed, but he was thinking carefully about the current situation in his heart. It seemed that President Yu really wanted to raise so much money.

Yu Xing was drinking tea, and just two seconds after he sat down, he saw new information on his phone screen - according to insiders, Nissan is negotiating with Mitsubishi to acquire 34% of the shares and become the latter's major shareholder...

He picked up the phone, confirmed the content of the message, and finally understood why Ghosn jumped out at the center of the storm.

Ghosn wanted to take the opportunity to lower Mitsubishi's stock price, intending to turn the Renault-Nissan Alliance into the Renault-Nissan-Mitsubishi Alliance.

(End of this chapter)