At the end of April,
Penguin Group held a board eting, and Mr. Ma also attended.
At this board eting, the main issue discussed by the Penguin Group was about the future developnt of Penguin Auto Group in the field of new energy vehicles.
Facing the rapidly changing situation in the dostic new energy vehicle market, anyone could see that Feiyue Group’s Feiyue Future model had already taken a dominating position.
Even the Feiyue Future New Energy vehicle had been praised by many netizens as the "National Car" and "The Pride of Dostic Cars."
Everyone clearly understood what this ant.
Feiyue Future New Energy vehicles could, in just a year or two, beco the beloved car of the people from Xia Country, even surpassing the previously most loved rcedes, BMW, and Audi.
Therefore, under such future circumstances, the Penguin Group had to make a decision to determine the life or death of Penguin Auto Group.
"Mr. Ma, in my view, our competitive strength in new energy vehicles has already been at a disadvantage, and even if we invest more money in technological research and developnt, it’s hardly possible to surpass technologies like graphene batteries,"
a board mber analyzed.
"You can’t say it like that. New energy vehicles were a developnt strategy set by our group company long ago. Combining our advanced Internet technologies like Penguin Cloud Computing and smart cloud, as well as the future deploynt of Penguin Internet of Things Technology, is a very important link. Zhang, do you an to just give it up?"
another board mber offered a differing thought and suggestion.
Now,
there were two opinions on the board.
One was just as the first board mber analyzed, Penguin Auto Group was already being heavily suppressed by Feiyue Group in all aspects, and catching up was very challenging.
So, this first opinion was essentially to abandon the path of new energy vehicles, the strategic field had to be reluctantly cut off.
Otherwise, investing more money into it would only worsen Penguin Group’s financial losses even further, gravely affecting Penguin Group’s stock value, making it not worth it.
Especially since Feiyue Future New Energy vehicles had officially gone on sale, Penguin Auto Group’s stocks had begun to sharply decline, affecting Penguin Group’s stock drop as well.
The other opinion was to persist with the developnt of new energy vehicles.
Because the developnt of new energy vehicles was closely linked to other technical projects of the Penguin Group and also related to the future developnt of the Internet of Everything technology, which is Penguin Group’s focus, it was an important link, so the sentint from this second opinion was that they should not give up on this sector.
Penguin Group had been developing rapidly in the internet era, with Mr. Ma even once rising to the position of the nation’s wealthiest individual.
Now that internet technology had matured significantly and with the developnt of 5G and various technological breakthroughs, people were increasingly seeking convenient lifestyles in their busy work routines, with the ergence and booming developnt of food delivery services being a pri example. People didn’t even want to cook daily als anymore; ordering food delivery was much more convenient.
Under such a macro backdrop, Penguin Group had targeted the Internet of Things field and invested considerable research and developnt funds to develop its own Penguin Empire Internet of Things.
The so-called Internet of Things aid to combine every object in people’s daily lives with the internet, achieving a truly intelligent and convenient internet-based lifestyle.
And cars were an essential part of people’s daily lives.
Initially, Penguin Group’s developnt strategy was to improve Penguin New Energy Vehicles and then combine them with technologies such as the Internet of Things, making Penguin cars an indispensable part of people’s lives, thus forming a larger industrial chain.
At this board eting of the Penguin Group, the board mbers engaged in intense discussions about these two opinions.
Should Penguin Auto Group continue in the field of new energy vehicles, or should it quietly exit?
Mr. Ma was also sowhat hesitant at this mont in the board eting.
The developnt strategy of Penguin Auto Group was indeed of great importance, but being at a disadvantage now was also a fact. Facing Feiyue Group’s Feiyue Future New Energy vehicles, not only was his own Penguin car powerless, even Tesla from the United States, known for its advanced technology, couldn’t gain any advantage from Feiyue Future New Energy vehicles.
Even Dami Technology Group and Huawei Technology Group, which had grandly intended to enter the market, had already announced their withdrawal from the new energy vehicle sector.
The most direct cause for this board eting was actually that the national governnt had already decided to use Feiyue Future New Energy vehicles as official vehicles.
This showed that Feiyue Future New Energy vehicles had gained favor from the governnt.
"Mr. Ma, from my point of view, our Penguin Auto, in terms of future developnt in technology, will hardly be able to catch up with Feiyue Automobile, so if it’s not possible, we might temporarily give up on new energy vehicles and look for an opportunity to re-enter the market later."
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