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Chen Pingsheng visited his new energy car factories one by one.
The super factory would be completed in six to eight months, and by then, it would be the largest and most fully functional integrated new energy production workshop in the country.
All construction standards were benchmarked against the production workshops of the global new energy giant, Tesla.
The investnt was just larger and the production capacity higher.
Once this was finished, they would be able to start producing new energy vehicles in earnest.
Beyond the super factory, the AI driving team spent over four billion yuan to acquire three AI technology research teams dostically and abroad, along with a series of basic patents in the field of AI.
As technology investnts were huge and costs high, the progress was naturally rapid.
The splurge on expenses was undeniable.
The core of future new energy competition would lie in intelligent driving and battery sectors.
Chen Pingsheng then allocated another five billion yuan in research funds to the AI team.
As for the developnt of the motor and electronic control, the main focus was on increasing the rotational speed to make the cars accelerate faster and more smoothly.
This served a similar function to the gearbox in traditional fuel vehicles.
He had already allocated over five billion yuan to this team, most of which went into acquiring so basic patents from abroad.
With these foundational technologies, upgrades and improvents could be made more quickly.
Starting from scratch took too long, so they chose to directly acquire foundational patents instead.
The motor and electronic control still had so funding and could last another three months without issues. Discover hidden stories at .Côm
As for the battery factory, the situation was different—Tengde Era used to be the largest Lithium Iron Phosphate battery factory in the country.
After a series of transformations, all unnecessary departnts were eliminated.
They had also made a breakthrough in core research for battery endurance.
Now they could achieve a full charge range of 500 kiloters, and about 400 kiloters after taking into account so losses.
Zhang Zhiyao, the current president of Tengde Era, wasn’t very good at operations, but he was a really solid technician.
After listening to him report for an hour, Zhang Zhiyao even suggested developing solid-state batteries.
The so-called solid-state batteries were mainly used in mobile phones at the mont.
How beneficial are they?
Firstly, in the domain of electric vehicle spontaneous combustion, solid-state batteries can withstand temperatures up to 200 degrees Celsius without catching fire.
This is a significant difference from the current liquid batteries.
Besides, at a low temperature of zero degrees, solid-state batteries could achieve zero loss.
In terms of endurance, a breakthrough to two thousand kiloters could easily be achieved.
As for charging, they could realize super-fast charging, filling up 80% of the battery during a single al.
The advantages of revolutionary technologies are just that nurous.
The only downside is the high cost, which made them impractical for comrcial use.
For instance, fitting an electric car with solid-state batteries would cost as much as four million yuan just for the batteries.
Who could afford that?
Zhang Zhiyao’s suggestion to develop solid-state batteries was mainly for the future.
It’s not an exaggeration to say that whoever can first develop solid-state batteries and drastically reduce their cost,
will undoubtedly beco the absolute leader of the industry.
This is not an overstatent.
The developnt of solid-state batteries for new energy vehicles is absolutely akin to the release of the iPhone 4.
It would directly change the entire industry; its impact would be that significant.
Chen Pingsheng was very tempted, but after the impulse ca calmness.
Every breakthrough in revolutionary technology was accompanied by huge R&D funds and at least five to ten years of developnt ti.
Zhang Zhiyao’s suggestion was simple, but making it a reality
would be as difficult as ascending to the heavens.
A conservative estimate was that it would cost eighty to one hundred billion yuan in R&D funds per year.
Developing solid-state batteries was one aspect, but Lithium Iron Phosphate research couldn’t be abandoned either.
Adding both together, it was estimated that he would need to invest fifteen billion yuan in battery projects every year.
Lithium Iron Phosphate was good, as the results of the investnts would be quickly visible.
Solid-state batteries would require at least five years of dedicated effort.
That ant an initial investnt of at least forty billion yuan.
It wasn’t just that he hesitated for a mont—anyone would do the sa.
Because no one could guarantee success,
not even a tenth of it, so a gamble on this small chance with more than forty billion yuan
didn’t seem like a proper business investnt at all.
After deliberating, Chen Pingsheng decided to do it anyway.
If he didn’t invest this money, becoming one of the top three new energy companies in the country shouldn’t be an issue.
After all, his investnt was already the highest in the country.
Once everything was established, those in internet car manufacturing would struggle to compete with him.
This investnt was essentially a bet on a world-class opportunity.
If Tengfei Automotive didn’t have a revolutionary technology, how would it hold a position globally?
rely reigning supre dostically wasn’t valuable enough.
To him, it didn’t an much; after all, he was already so wealthy, this would only make him a bit richer.
It wouldn’t help him achieve the global influence he desired.
This would increase the financial pressure, as he had already invested in so many projects.
Whether it was Tengnong Breeding or the new energy sector, they were all significantly capital-intensive.
But the initial hard work and investnts could be exchanged for rewards later.
Even if he had to struggle for three years, he was determined to raise Tengfei New Energy Automobile.
It’s known that the automotive has always been the world’s largest industry since ancient tis.
In Small Day, the automobile industry accounted for 40% of the country’s total industrial output.
In Germany, the automotive industry even accounted for 50%.
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