If you cheat, money will follow

After Yu Chengdong announced the price, the live broadcast platform instantly rained down barrages:

“Technology is far ahead!”

“The price is way ahead!”

"Yu Chengdong is far ahead!"

A month later.

The order volume of Lechen SE exceeded 5 units, with more than half of the orders coming from overseas.

Among them, the tycoons in the Middle East placed orders at once.

Well, Lecheng SE is perfect for running around in the Middle East.

The evening of the press conference.

CCTV News specifically reported on the press conference:

"On December 12, Leda Automobile launched the new generation Lechen SE model at the Yangcheng Auto Show."

"Lecheng SE uses carbon-based photovoltaic technology newly developed by Pingtouge Research Institute..."

"The photovoltaic conversion efficiency is as high as 55%, achieving the goal of truly fuel-free and zero-emission unlimited battery life."

Screen interlude:

Yu Chengdong is impassioned in the picture:

“The world’s first mass-produced solar car, we are far ahead!”

“We are far ahead in the world’s most advanced solar photovoltaic technology!”

“We are far ahead in the world’s truly unlimited battery life!”

After inserting the scene, the host smiled and commented:

"In the past few years, in the face of the big stick of blockade wielded by the superpowers, technology companies represented by Leda Investment Pingtouge Research Institute, Leda Automobile, Juchang, Changning Storage, Changxin Storage, etc..."

"Don't be discouraged, don't compromise, don't hesitate, don't stop, and insist on being a staunch person in technological innovation and a forge ahead led by technology..."

"In just a few years, a series of new inventions, new technologies, and new products have been achieved."

"These new inventions, new technologies, and new products have become important driving forces for industrial upgrading to industry leadership, and structural transformation to structural optimization."

"Behind these shining achievements, it shows that scientific and technological innovation has completed the accumulation of quantity, achieved qualitative take-off, achieved breakthroughs in points, and promoted improvements in scope..."

“These shining achievements show that as long as we respect the rules, be down-to-earth, overcome difficulties, and bravely climb to new heights, we will surely be able to bring more scientific and technological ideals into reality.”

The rating is very high.

The press conference was spread around the world.

Of course, the global focus will not be on Lecheng, but on photovoltaic technology.

Foreign netizens commented:

"China is so powerful! As Indians, we should also work hard in this area and lead the world."

"Cool, super powerful photovoltaic technology will make electricity cheaper and more efficient."

"They are already leading the world in terms of technology and scale in the photovoltaic industry."

"Once this technology is promoted, it will make electric energy cheaper. In fact, their electric energy is already very cheap. The help to the industry will be unimaginable."

"Why did such amazing technology appear in China and not in our country?"

"Korea? You need to produce spicy cabbage independently first, and then consider photovoltaic issues."

"I have thought about this technology when I was young, but now they have taken the lead in realizing it."

"The car with unlimited range is really awesome. I can't wait to see it in Germany."

"Trivia: 90% of the world's photovoltaic solar panels are produced in China, and with this technology... my God, what President Yingjiang boasted in the 70s has been realized by the Chinese."

Although traditional silicon-based photovoltaic industry equipment has basically been replaced by domestic products in China.

But in the field of key components, we still need to rely on imports.

Such as the high-voltage power supply, vacuum pump, vacuum gauge, etc. inside the ion implanter.

The new photovoltaic technology will bring new production equipment.

Traditional silicon-based production equipment will be quickly eliminated.

This is not good news for European photovoltaic giants.

They could have gotten by on critical parts.

The Swiss photovoltaic giant, Meyer Burger, faced the scale advantage of China's industry. It originally just wanted to shrink and adjust its photovoltaic business and focus on more efficient battery equipment and testing business.

Now, they've adjusted their plans.

They are preparing to sell their headquarters building in Gwart, Switzerland.

It will also terminate production at its plant in Zülpich, Germany, in early 2020.

In addition, cooperation with the Norwegian company REC on battery components will also be stopped.

Norwegian REC Company is a manufacturer of high-efficiency battery technology.

Many other European photovoltaic companies have also announced their withdrawal from the photovoltaic business.

Such as the German ASYS company;

John's DEK Company;

John's OxfordPV.

……

Why are these companies abandoning the photovoltaic industry?

the reason is simple.

First, the gap brought about by the technological scale advantage is too large and it is difficult to catch up;

Second, the global photovoltaic industry market is too small, with a total of only 50 billion US dollars.

Of the US$50 billion, China accounts for 71.4% of the market.

Originally, I could barely survive with some soup and water left.

Now that new photovoltaic technology is on the market, soup and water are no longer available.

And not just in Europe.

In North America, the photovoltaic industry has also experienced major shocks.

AmTech announced its complete withdrawal from the photovoltaic field.

At the same time, it will sell its subsidiary SolayTEC and the photovoltaic business of its subsidiary Tempress.

AmTech is a company specializing in semiconductor equipment and consumables.

After China supplies carbon nanotubes internally, they are investing in building factories and concentrating financial resources on related equipment.

There is no extra energy involved in the photovoltaic industry.

SolarEdge, an inverter manufacturer.

On the evening of the end of Lecheng's press conference, there was a flash crash overnight, and the stock price plummeted 27.2%.

Goldman Sachs moved SolarEdge from Buy to Clear very quickly and cleanly.

This is very decisive.

Goldman Sachs explains:

"The new carbon-based photovoltaic technology of Pingtouge Research Institute brings not trouble to SolarEdge, but death."

"It's hard to imagine what SolarEdge should do with carbon-based photovoltaic technology."

Sunnova Energy International is also having a hard time.

Their stock price also crashed 19%.

The company's net loss reached $12 million in the past 3.3 months.

The stock price has fallen below $10.

Originally, Wall Street was already nervous about the company's bonds, fearing it would not be able to repay them.

Now, new carbon-based photovoltaic technology has brought a mountain-like disaster to this company.

Wall Street has completely given up its concerns and is no longer anxious.

Sunnova is about to go bankrupt.

SunLight Financial, a photovoltaic-related financial institution, has taken a step ahead of Sunnova and declared bankruptcy protection.

SunLight Financial investors are feeling desperate.

Paulson on Wall Street was very excited.

“Last year, everyone thought the industry was good and would get better in the future.”

"But reality has proven that my judgment is accurate. It will hardly get better, it will only get worse."

Paulson is betting heavily on photovoltaics just as he bet on subprime loans in 2008.

The launch of Leda Auto brought Paulson into the harvest season.