My 1999

It only took 1 billion Chinese yuan in cash and a bankrupt automobile production line to exchange for 20% of BYD's equity.

Now with the hot sales of BYD F3, BYD's market value has risen from less than 7 billion Hong Kong dollars last year to nearly 40 billion now. Xu Liang's investment has increased nearly sixfold and he has made a lot of money.

Wang Chuanfu showed a trace of pride on his face.

Xu Liang saw it, but didn't say anything nonsense about guarding against arrogance and continuing to polish the product seriously.

Looking at the factory building under construction in the distance.

"When will it be completed?"

"It is expected to be completed in May 2008, and by then BYT's annual car production will increase from the current 60,000 to 120,000."

"Although 120,000 is a lot, BYT's total car sales this year may exceed this number, and it will definitely exceed it in two years. Your plan is a bit conservative."

"You mean, in addition to here, we are also planning to expand Changan's car factory and build a car factory with an annual output of 100,000 in Yidu.

We will strive to increase BYT's annual car production to 300,000 by the end of 2008 or the beginning of 2009."

Glanced at him.

"Thank you on behalf of my hometown."

"You are too polite. The reason BYT chose Yidu is mainly because Torch Group invested there and formed an auto parts processing zone. BYT built a factory there to reduce production costs."

"Old Wang, you are still so honest."

If he didn't say the above sentence, Xu Liang would definitely remember his favor.

"You have 20% of BYD's shares and are one of the company's largest shareholders. I believe that if BYD encounters difficulties one day, you will definitely not stand idly by."

Looking at Wang Chuanfu's calm expression, Xu Liang laughed.

"You really have considered everything."

"I'm telling the truth."

Xu Liang patted his shoulder.

"Remember what you said today, and remember the way you did things today."

Wang Chuanfu nodded.

He has always been consistent in his conduct.

The two walked forward along the hardened road in the factory area, one in front and one behind.

The secretary, bodyguard, and BYD's senior executives followed two or three meters behind the two.

"I heard that you plan to take BYD Electronics public?"

"Yes."

"Can Hanhua be the listing underwriter of BYD Electronics?"

"Yes."

Although Hanhua has only been in the securities industry for two years.

But with the reputation and customer base that Xu Liang has accumulated for Hanhua over the years, and the foundation that Delong has laid over the years.

Hanhua Securities has developed smoothly both at home and abroad.

It is currently one of the most well-known securities firms in East Asia and Southeast Asia.

Its cooperative pension funds, insurance funds, family offices and sovereign funds are spread all over the world.

There are more than 100,000 high-net-worth customers.

It is easy to list BYD Electronics with a valuation of no more than 5 billion Hong Kong dollars.

"Mr. Xu, can you give a brief speech to all our BYD employees after lunch?"

"Is that what you want?"

"Yes."

"Sure, I agree."

"Thank you, Mr. Xu."

Xu Liang smiled, "What do you think of Torch Group?"

"Very good."

"Only two words?"

Wang Chuanfu: "My understanding of Torch is only superficial. So I can only say some superficial opinions.

Torch, which has acquired Xugong Group, spans three sectors: heavy-duty vehicles, construction machinery, auto parts, garden machinery and power tools. Its annual total revenue exceeds 50 billion Chinese yuan, making it one of the largest industrial groups in China.

It's really good."

Xu Liang glanced at him, "You are an honest man."

"You are too kind."

"If BYD and Torch merge, what do you think?"

Wang Chuanfu stopped abruptly, and his calm face showed disbelief.

"Are you... serious?"

"Ask, let me hear your thoughts."

"The scale of Torch is too large for BYD."

"I believe in your ability. If the two groups merge, you will still be the main one."

"What about Peng Zhiyu?"

"Torch will retain the auto parts business, garden machinery business and power tool business listed on the A-share market, and he will still be the CEO of Torch Group."

Wang Chuanfu was silent for a while.

"Torch is developing very well and has just acquired Xugong Group. I don't understand why you want to split it up?"

Xu Liang walked forward a few steps and suddenly stopped.

"I heard that BYD has been developing hybrid vehicles since 2003, and is also developing pure electric vehicles? Can you tell me why?"

Xu Liang asked instead.

Wang Chuanfu looked at him with some surprise.

"BYT itself started out as a battery manufacturer, so it's natural for it to consider downstream industries, including cars."

Xu Liang: "Mobile phones and computers are also one of them, but you didn't choose any of them."

"There are very mature manufacturers in the mobile phone and computer industries. BYT has a weak foundation, and even if it spends a lot of effort, it may not be able to surpass them, let alone surpass them.

In contrast, electric cars are an immature but hugely potential blue ocean.

If BYT can make achievements in this field, it can become a flagship company in this field."

Xu Liang turned around and looked at this man with a long-term vision, outstanding talent, and perseverance.

"Have you ever considered that if electric cars are not mature for more than ten or twenty years, all your previous investments will go down the drain."

"I have considered it, but the facts are not as exaggerated as you think.

Torch also has lithium battery business and is even doing research and development of electric cars. You should be very clear that according to the current development of the battery industry.

In the next five to six years, the driving range of electric cars will exceed 250 kilometers.

Although it is still not as good as gasoline cars.

But if it is a hybrid model, there is still a certain market.

And the cost of using electric cars is much lower than that of gasoline cars. In this era of rising oil prices, some people who only commute to get off work in the city will consider buying electric cars.

So our investment will not go down the drain, but it may take some time to recover the cost."

Xu Liang nodded.

Turned around and continued to move forward.

Wang Chuanfu followed as before.

"Lao Peng is an excellent professional manager. He can manage the company well if he is handed over to him.

But he is not a pioneering talent and lacks forward-looking thinking and strategic vision.

The next ten years will be the most critical period of change in the automotive industry.

What I need is someone like you who can grasp the pulse of the times and can execute consistently.

He is not such a person." Xu Liang said slowly.

"So, I want to hand over the heavy-duty vehicle and engineering vehicle business of Torch to you. You can use half of the income from these businesses to expand the heavy-duty vehicle and engineering vehicle market, and half to develop electric trucks and electric buses as future technical reserves.

At the same time, it also supports the research and development and production of BYD electric vehicles.

The management of the company is still in your hands. I will not ask about it, and I don't have time."

Xu Liang turned his head and looked at the man in front of him wearing ordinary black-framed glasses and with a calm expression.

"What do you think of my proposal?"

Wang Chuanfu showed a thoughtful look on his face.

Through the cooperation over the past year or so, Xu Liang did what he said. In addition to supervising finances, he never asked about BYD's management.

The two sides have established a certain foundation of trust.

As a business operator, of course, he also wants his business to grow bigger and bigger.

In particular, Torch Heavy Truck under Torch Group is one of the three giants in China, standing on equal footing with Dongfeng and FAW.

In the first half of the year, a total of 4,592 heavy trucks, 13,673 semi-trailers, and 19,932 second-class chassis vehicles were sold, with a total sales volume of nearly 40,000.

It surpassed Dongfeng and FAW and occupied 35% of the national heavy truck market.

Including medium-sized trucks and light trucks.

Torch's truck business had a total sales volume of nearly 100,000 in half a year.

Although it is not as good as BYT's F3, the retail price of a heavy truck is more than 300,000 Chinese yuan.

In the truck business alone, Torch's annual revenue has exceeded 20 billion Chinese yuan.

In addition to trucks, Torch also has two golden companies, Fast Gear and Hande Axle.

The former occupies 60% of China's heavy gearboxes, and the latter supplies 40% of the country's heavy axles, especially the main shafts of heavy vehicles.

There are so many heavy-duty truck companies in the country now.

Only Torch, Dongfeng, FAW and Huaxia Heavy Truck can independently produce heavy-duty gearboxes and heavy-duty axles.

The others are basically assembled vehicles.

It can be said that the revenue of Torch Heavy Truck alone is close to 30 billion Chinese yuan.

It is more than double that of BYT.

If we add XCMG, whose total revenue exceeded 7.6 billion Chinese yuan in the first half of 2006.

All integrated, BYT's total revenue will exceed 60 billion Chinese yuan, and it will become one of the top 500 companies in the world in one or two years of development.

As a corporate leader, who doesn't want to lead such a top company that can dominate the world!

Of course, there are pros and cons.

By accepting Torch's truck and construction machinery business, Xu will become BYT's undisputed major shareholder, holding about 80% of the shares.

His equity as the founder will be reduced to single digits.

If Xu Liang goes back on his word, he will lose BYT, the company he founded.

Benefits and risks coexist.

"Mr. Xu, I want to think about it."

"You should, after all, the company has other shareholders."

"I will do it as soon as possible."

Smiling and patting his shoulder, Xu Liang said: "Don't be too anxious, think it over carefully, so as not to regret it in the future."

"Yeah."

After having lunch at BYD, he took a group photo with the workers and left.

"What time is it?"

Li Jinling looked at her watch, "Twelve minutes to half past three."

"Go to Penguin to have a look."

"Mr. Xu, I just contacted Penguin. Mr. Ma went to South Korea for inspection and is not in Pengcheng."

"South Korea inspection?"

"Now the domestic game market is getting bigger and bigger. Many South Korean games are introduced into China every year. Penguin is engaged in pan-entertainment, and games are the mainstay.

And Penguin's QQ space has developed well in South Korea."

In fact, not only South Korea, but also Japan and the entire Southeast Asian market, QQ's business has developed well.

Basically, Facebook focuses on Europe and the United States, while QQ focuses on Asia.

Everyone develops their own territory and tacitly joins forces to suppress other community Internet companies.

With the support of Hongmeng, they have basically achieved the first place in their respective regions.

"Go home."

"Yes."