Chapter 809: Chapter 614 Large Scale
Day by day, in the blink of an eye, it was already late May.
Although the epidemic was still wreaking havoc on a small scale everywhere, it hadn’t had much impact on the overall market.
At least, that was the case for Tengying Group, especially after Chen Pingsheng personally brought out 800 million yuan. The entire Golden Mountain headquarters was filled with enthusiasm.
The previous oppressive atmosphere had completely dissipated.
Particularly, Tengfei New Energy announced overseas investnts ranging from 15 to 20 billion RMB to build factories.
It seed the group was flush with cash, and everyone knew it.
To be fair, he indeed wasn’t short of money.
In mid-May, Chen Pingsheng once again took out 0.5% of his Tesla shares.
It was estimated that this would cash out $2.6 billion, intending to use this 18 billion RMB to complete the North Arica Super Factory for Tengfei New Energy.
With this move, he beca the first dostic electric vehicle company to build a factory overseas.
It’s worth ntioning that Jia, who had returned ho recently, was the only entrepreneur in the world who made car manufacturing sound harder than mankind landing on the moon.
He was indeed talented—the earliest car manufacturer in the country was him, and he was the one who produced only one car a year with painstaking effort.
He was also the one endlessly inventing new buzzwords in the field of new energy, such as ecological synergy, ultimate tech luxury, best tech-per-value ratio, Sino-US automotive bridge strategy, silicon-based novel species, smart rugs, mass-production model, and triple boundless synergy.
If you didn’t listen to his explanation, these buzzwords alone could fry a computer.
Let alone trying to understand them.
Frankly, up until now, Chen Pingsheng still had no idea what most of these terms really ant.
It was obvious Jia wasn’t coming back this ti, while Xu Pidai’s car-building montum was getting quite loud as well.
Overseas, he was on a buying spree, claiming he was going to acquire all the core automotive technologies.
If you looked closely at his company’s executive team, it was filled entirely with salespeople.
What does this imply?
When sales personnel serve as executives, the focus is purely on marketing, with little regard for technology.
Unlike Chen’s Tengfei New Energy, where the core team was made up of top-tier technical managent personnel.
The previously low-key Tengfei New Energy chose May 20 to hold a dostic press conference.
Essentially, they explained their reasoning for building a factory in North Arica.
The goal was to globalize Tengfei New Energy rather than remain confined to the dostic market.
The first overseas super factory was projected to receive investnts of 15 to 20 billion RMB.
Its annual production capacity was planned to be 200,000 units.
This was undoubtedly an ambitious target, signaling Tengfei New Energy’s firm commitnt to globalization.
Once the news broke, dostic financial channels and major tech outlets featured it as their headline story.
They even invited countless experts to analyze the feasibility of this decision.
There has long been a sentint dostically that new energy technology has already reached the global high end.
While this claim sounds bold, without global consurs to validate it, it amounts to nothing but self-indulgence.
The excitent should extend beyond the dostic stage, and those who dare to venture overseas to build factories—like Jia who returned—
produce just one car a year and hold grandiose delivery ceremonies, they practically embarrass themselves on the global stage.
anwhile, Tesla’s skyrocketing valuation underscored the fact that new energy technology is undeniably a trend.
However, this trend must establish itself globally to be aningful.
It’s clear that Tengfei New Energy is leading the charge.
Because of this decision, Chen Pingsheng followed the top national leaders to attend two global top-tier economics conferences.
When he returned from overseas, it was already late May.
The North Arica Super Factory was expected to be completed by 2022, but upon return, Chen Pingsheng made another significant decision.
That was to significantly increase investnt in the artificial intelligence sector, as the ultimate showdown for new energy vehicles lies in this realm.
Artificial intelligence encompasses breakthroughs in computational power, data streams, and algorithm innovation—three critical technologies.
It’s also known as one of the three frontier technologies globally and is regarded as the most important discipline of the new era.
Its mainstream developnt form adopts deep learning algorithms, large-scale models, and big data thodologies.
The ecosystem of AI technology includes machine learning, natural language processing, image processing, and human-computer interaction technologies.
Among all sectors within artificial intelligence, NVIDIA is undoubtedly the leader.
Whether it’s Apple or Google, Tesla, or Microsoft—
The current primary direction of developnt for these tech giants is the artificial intelligence sector.
Artificial intelligence has already achieved globally recognized breakthroughs in diverse fields such as big data analysis, autonomous driving, smart finance, and intelligent robotics.
And its developnt has yielded a variety of directions.
Additionally, artificial intelligence can partially replace traditional labor, creating a labor displacent effect.
While improving societal productivity, it also creates brand-new job opportunities for society.
If one were to compare, foreign AI technology has developed to the level of an eleven- or twelve-year-old child,
Whereas dostic AI technology is still in its infancy, with everything in its nascent stage.
It was after attending those two top-tier global economic conferences that Chen Pingsheng determined he must increase his investnt in the AI sector.
In fact, he had already invested more than 40 billion RMB in this sector and spent nearly five years on R&D.
The patents he owned alone numbered at least a thousand, and while he holds a commanding lead dostically in AI,
he’s still second only to Baidu, which has been rooted in this sector for over eight years.
But that still isn’t enough, as the gap was glaring when comparing dostic technologies with those core AI innovations abroad.
Chen Pingsheng made yet another remarkable decision: when short on funds, he would cash out Tesla shares.
This ti, he directly liquidated 1.5%, expecting to obtain $8 billion.
Converted to RMB, that’s 56 billion.
Half of it would be used to invest heavily in NVIDIA, while the other half would be allocated to build the world’s largest AI technology industrial park in Golden Mountain, Magic City.
He even specifically called Xiao Ya back and asked her to accompany him to et Golden Mountain’s leadership in advance.
Such a massive technology industrial park would have an imasurable impact on Golden Mountain.
It could significantly elevate Golden Mountain’s ability to attract elite talent.
For a national-level technology industrial park of this kind, let alone charging for the land, the local Zhengfu would also offer many favorable policies as long as you co.
According to Chen Pingsheng’s standards, he planned to acquire over 300 acres of land.
The construction budget would require 15 billion RMB, with the remaining 13 billion designated for talent acquisition to kickstart the country’s largest AI research center.
Xiao Ya made her debut in Golden Mountain on this occasion, leaving quite a lasting impression.
Although the leadership didn’t express much on the surface, upon hearing Chen Pingsheng’s suggestion for Xiao Ya to consider a future career as a civil servant, everyone imdiately understood.
This was paving the way—for nothing less than a fast track to influence and power.
Chen Pingsheng’s goal wasn’t too ambitious; he planned for Xiao Ya to achieve a rank of deputy division-level official within ten years.
Before she turned forty, if she could ascend to a provincial-level position, that would be considered excellent progress.
As he continued selling off his Tesla shares, only 1% remained.
After another 28 billion RMB investnt in NVIDIA, his ownership stake had risen to 5%.
Whether Chen Pingsheng could truly accomplish significant achievents in the AI sector hinges on whether NVIDIA could break through to a trillion-dollar market valuation.
After all, this sector belongs to the realm of global frontier technology companies, a quintessential “money-burning” ga.
Without investing hundreds of billions of dollars, surpassing the competition is simply impossible.
His own company couldn’t possibly produce such massive funds; his only hope lay in NVIDIA achieving a breakthrough.
Ideally, if NVIDIA soared to a trillion-dollar valuation, he would have $50 billion at his disposal.
Such an amount is considered astronomical by global standards.
It was precisely because he had access to such funds that he dared launch an offensive toward the world’s frontier AI technologies.
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