Of course, this does not an that Rice’s response this ti was without errors.
On the contrary, if Rice had been willing to refund part or all of the deposit to cancel orders when custors failed to pay or delayed delivery, thus avoiding conflicts with custors, it would have minimized public opinion.
Though legally speaking, Rice would suffer a loss, as indeed deposits should not be refunded.
However, when dealing with custors, being too calculative often results in greater losses.
Chen Yiyang held a eting with executives this ti and discussed this logic.
When conflicts arise with custors, the company would rather suffer losses than handle matters strictly according to the law. Custors provide profits, not enemies.
"Competition in the automotive industry is becoming increasingly fierce. Any small issue can be magnified by competitors.
From Longcheng to Lixiang, and now Rice, this trend is becoming more apparent. Yiyang Automobile must learn from these lessons. Alright, that’s it for the eting."
Chen Yiyang concluded the eting with Yiyang Automobile executives.
Then, Zhu Li, the head of Yiyang Energy, walked into the office.
Zhu Li was forrly Chen Yiyang’s assistant. Later, Chen Yiyang established Yiyang Energy as a middleman between Beifu Company and Ningde Era.
Zhu Li was also transferred to be in charge of Yiyang Energy.
"A North Arican company, Lyten, hopes to cooperate with us. This client was introduced by the company’s senior advisor, Schaefer."
A client introduced by Schaefer, what’s this nonsense?
Yiyang Energy was established to act as a middleman, absolutely not to develop external clients.
He has nothing to leverage, how is he supposed to develop?
Where did Schaefer find a fool to be a client for Yiyang Energy?
Chen Yiyang originally wanted to call Schaefer but couldn’t get through.
Therefore, he could only ask Zhu Li, "What is this Lyten all about?"
"Based on our findings, Lyten is a North Arican power battery company specializing in lithium-sulfur batteries and 3D graphene material research. Their company slogan is to establish a localized supply chain, eliminate reliance on foreign key minerals, and achieve duty-free and localized manufacturing advantages.
They recently announced a ten billion US Dollar investnt to build a lithium-sulfur battery super factory in Nevada, planning to start operations in two years."
Uh.
Listening to Zhu Li’s introduction of Lyten, Chen Yiyang felt a sense of familiarity, as if he’d heard it sowhere before.
Where had he heard it?
Wait a minute.
Chen Yiyang finally rembered.
Isn’t this what he heard from Schaefer when he introduced Beifu before? The sa words and descriptions.
It’s identical, with new technology plus localized production plus reduction of external reliance.
Beifu also obtained a lot of investnt due to these claims back then.
What is the deal with this Lyten?
"Is lithium-sulfur battery a new technology?" Chen Yiyang asked.
"Yes, Mr. Chen," Zhu Li explained, "Lithium-sulfur battery is a secondary battery that uses elental sulfur as the cathode and lithium tal as the anode. Its core paraters are significantly superior to traditional lithium-ion batteries.
Compared to traditional lithium-ion batteries, sulfur ion batteries have four notable advantages: one is ultra-high energy density, with currently applied sulfur ion batteries having energy density exceeding that of traditional batteries.
Secondly, low cost and environntal friendliness, as sulfur mines are abundant, cheap, non-toxic, and easy to recycle.
Thirdly, wide temperature adaptability, as sulfur ion batteries can work steadily from minus forty degrees to plus eighty degrees Celsius.
Even the Chinese Academy of Sciences has been able to make sulfur ion batteries operate at minus sixty degrees Celsius in laboratory conditions.
The last is the high power of sulfur ion batteries, facilitating quick discharge."
"Alright," Chen Yiyang reacted imdiately after hearing this. "Now tell about the drawbacks of sulfur ion batteries."
Listening to the advantages Zhu Li laid out, Chen Yiyang already understood in his heart that these were far from comrcial application.
Because these advantages are too damn good.
As long as sulfur ion batteries can be produced for comrcial use, they would absolutely replace all currently used batteries in the new energy sector.
But currently, he hasn’t heard of any company producing sulfur ion batteries on a large scale.
This can only an that the drawbacks of sulfur ion batteries are more fatal.
"Regarding drawbacks, lithium-sulfur batteries have low energy density, storing relatively less energy within the sa volu.
Plus sulfur is a reactive material, easy to cause explosions due to overheating. Additionally, lithium-sulfur batteries, if left unused for extended periods, suffer irreversible efficiency declines."
Hearing this explanation, Chen Yiyang sentenced lithium-sulfur batteries to death in his mind.
In the future, this type of battery might find a foundation for application in so niche fields, but for current comrcial use in new energy vehicles, it absolutely has no utility.
Even if technology advances, the prospects of lithium-sulfur batteries are very limited.
Their flammable and explosive nature alone makes mainstream car manufacturers extrely cautious in applying these types of batteries.
Not to ntion the irreversible reactions after prolonged periods of inactivity.
Given this, Lyten and Beifu are fundantally no different.
They both are using impossibly realistic technology to swindle investnts.
After Zhu Li returned, Schaefer brought a call for Chen Yiyang.
"My good brother," Chen Yiyang told Schaefer, "You introduced a client to Yiyang Energy, why didn’t you notify in advance?"
"There’s been too much going on recently," Schaefer replied, "North Arica is way more fun than Europe, the won here are too enthusiastic."
"Uh."
"Alright, let’s talk business." Schaefer quickly switched to a serious tone, "A major shareholder of Lyten is a friend I recently got to know.
He heard that I am a senior advisor to Beifu and connected with .
You probably already have an understanding of Lyten, they are hoping to secure investnts through new battery technology and begin production, but there’s been a slight issue."
"Let guess, the issue must be they’re unable to produce comrcially viable lithium-sulfur batteries, right?"
"Correct, you got it," Schaefer confird, "Lithium-sulfur batteries are very easy to manufacture in the lab with existing technologies to fool investors in creating ready-for-use samples.
Yet, in comrcial fields, the key drawbacks of lithium-sulfur batteries are hard to overco, making it challenging to convince clients for widespread use.
So they urgently need a thod to normally produce car batteries to persuade investors to continue investing.
Originally, they eyed Beifu. There are senior officials among Lyten familiar with Beifu’s specifics.
They initially thought Beifu’s bankruptcy was just a matter of ti and planned to acquire Beifu’s factories to boost stock prices, tricking investors into further investnts.
However, unexpectedly, Beifu recently began supplying batteries to clients normally.
Thus, following the clues, they found ."
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