Chapter 515: Chapter 314: Big News
Listening to her dad’s words, Chen An’an felt like she had grown up a lot in an instant, but then a few days later, she would revert to her factory settings.
That’s probably how it is at her age!
In the evening, she still decided to take the little fart kid shopping to give her an idea of the current basic prices.
But she seed to have forgotten one thing: her family always buys the best.
The kind that never looks at the price.
There are many high-end malls in Magic City, but her favorite is still the iconic shopping architecture of Global Harbor in Putuo.
When she first ca here, Chen An’an even ran into her best classmate, Yang Lele.
Yang Lele is different from Zi and Xiaomi; she was the kind who studied very seriously.
Having played with her for a while, she certainly had gained so experiences.
Multi-billion-yuan super yachts, twenty billion-yuan mountaintop villas.
With such setups, her mom, Zhang Cuicui, often told her that all she needed to do was study hard, and she could have anything in the future.
Yang Lele clearly believed it.
The three of them went shopping together in the large departnt store.
…
May Day mini-holiday.
Big news ca from Tengying Group; after more than a month of negotiations, they finally acquired a full set of vehicle technology from Russia for 7.8 billion yuan.
Thoroughly cented Tengfei New Energy’s complete technology in its fundantal module.
As the news returned to the dostic scene, it beca another major global automotive acquisition case after Geely’s purchase of Volvo.
Volvo involved a whole vehicle acquisition, while theirs was rely an acquisition of a century’s worth of technology.
Fortunately, the Aricans couldn’t regulate the Warrior Nation, otherwise such a significant technology transfer would definitely be restricted.
To assimilate this technology, Chen Pingsheng also announced at the headquarters of Tengfei New Energy that apart from Magic City, Tengfei would establish research institutes in Wuhan, Xi’an, and Capital City successively.
Each allocated twenty billion yuan.
By then, his funds were nearly depleted.
By May 2017, Tengfei New Energy had invested a total of 850 billion yuan, far surpassing those new internet-based car-making forces.
And what’s most strange is that they hadn’t even held a news conference or released a concept car.
Reporters who wanted to proactively interview Tengfei New Energy were turned away.
This created a significant disparity from the usual new car-making forces, as newly established brands, whether seeking funding or wanting to quickly gain brand recognition,
required the support of journalists and major dia.
Yet, since its inception, Tengfei had only made the news a few tis with university donations.
No further news had been published externally since then, not even about such a significant acquisition; Tengfei remained secretive.
This completely went against business promotion norms.
Mainly, Pingsheng didn’t need financing, and secondly, his strategic goal was to start overseas and then transfer it back to the dostic market.
Seriously speaking, dostic perceptions of local car brands weren’t very good.
Mainly because compared to overseas car brands like Honda, Toyota, and Volkswagen, dostic brands often had nurous small problems after a few years.
This had cultivated certain fixed impressions among the public.
Seeing a local brand would make people think it represents cheap brands with poor quality.
This was the main reason why Pingsheng wanted Tengfei to first establish a reputation in the overseas market.
He owned an English Premier League football club, just waiting for the league to start so that the Tengfei New Energy brand logo would be featured on it.
After more than a month of negotiations, Leicester City had finally signed Dingdng from Manchester City for a transfer fee of a hundred million euros.
This season’s English Premier League had big nas like Mbappe and Dingdng.
The results should be good.
If Leicester City could nurture a world-class star, then he would have made a huge profit.
Ultimately, football is all about burning money.
If Leicester City made it into the UEFA Champions League in the English Premier League, then Tengfei New Energy could also enjoy the fruits of success.
Chen Pingsheng was at the Tengfei headquarters, ticulously planning every step that was to co.
New energy vehicle manufacturing was not just a concept; it was also a pri opportunity to overtake competitors on the curve.
Besides refrigerators, televisions, and large sofas, stringent quality control was key.
Simply put, quality not only ca from proprietary technology but also from strict managent of the entire supply chain.
A car was not composed of just a single component; it needed thousands of components to co together.
From sothing as small as a screw to sothing as large as a tire support, all needed extrely stringent quality control managent.
In this aspect, Chen Pingsheng had extensive experience early on; any supply chain managent could be half-successful as long as there was no corruption.
Take a screw, for example; you clearly wanted to purchase the five-A quality type, but the buyer, because soone had offered a million-dollar bribe,
imdiately switched it out, substituting a 5A for a 3A.
Another scenario was extre squeezing, which easily led to quality issues.
Simply put, to control costs, component manufacturers in the supply chain were left with only a tiny margin.
They had to substitute inferior products to make a profit.
It would be odd if the products assembled from these didn’t have issues.
A certain dostic brand known for its extre cost-effectiveness had this problem.
Often, the first batch of products was fine, but those produced later invariably had so issues.
After discussing it with Xu Dong, Yan Donghui, and Zhang Qiming for three days, Chen Pingsheng finally determined his core supply chain managent strategy.
First, it was essential to ensure all suppliers to Tengfei New Energy had sufficient profit margins.
Although this would increase the cost of manufacturing cars, the benefits were limitless.
If others didn’t have a profit, it would be impossible for them to upgrade their products.
Furthermore, without profits, they would find ways to substitute inferior products.
This approach was very detrintal to any brand’s long-term strategy.
Moreover, Tengfei New Energy was even planning to establish its own component supply research and developnt center.
To help its small-scale manufacturers, or quality manufacturers, grow together.
This goal could only be a future one, as achieving it would be impossible without an investnt of hundreds of billions.
They ford a substantial supply chain managent selection team, led directly by the forr vice president of BMW, Zhang Qiming.
All three of them took a 5% dry share of Tengfei New Energy, based on the current net investnt.
This stake was also worth forty to fifty billion; no one would be foolish enough to gamble such imnse earnings for a re bribe.
Moreover, his supply chain managent was like the purchasing at Tenghui Departnt Store; reporting corruption ant that the money, whether a million or several million, belonged to the individual reporter.
With this rule in place, everyone would keep an eye on anyone around them who might be tempted to be corrupt.
Finding corruption was never difficult; what was crucial was an absolutely rigid system.
As of now, there had been no cases of purchase officer corruption at Tenghui Departnt Store for a year.
In the early days, there were quite a few, mostly reported by friends or subordinates.
The reason was nothing else but huge temptation.
You take money cautiously; I report openly,
and might even gain tens of thousands or a senior position from your side.
Forget about regular colleague relations; I would report even my own brothers.
“Every man for himself, and the devil takes the hindmost” isn’t that an old saying?
The super factory was expected to be completed by August, and managing the supply chain was urgent.
Chen Pingsheng planned to spend six months perfecting the entire selection team.
He ca to understand why so many people, after getting billions in loans with just a PowerPoint presentation, failed to produce a single car.
Without a starting fund of two hundred billion, it was impossible to produce a good car.
Even if one was produced, it would just be a subcontracted production.
This was wholly contrary to his future expectations; once he completely assimilated this batch of technologies,
he expected that by this ti in 2018, Tengfei New Energy would be able to conduct offline testing.
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