The managent cadres at middle and high levels in the newly established An Country Automobile Manufacturing Co., Ltd. are free to co and go, and will not be interfered with.
However, if they wish to stay, they must accept re-assessnt and new work arrangents. Those without any real skills will not be kept even if they want to stay. On the other hand, those with real abilities who choose to stay will not face worse conditions. Apart from not having a permanent position, their inco will certainly be much higher than before.
So people do possess real skills, and An Country Automobile Manufacturing Co., Ltd is naturally willing to retain such talents.
However, most people want a secure, stable job with official employnt, and psychologically resist working for private enterprises.
But when there’s no other option, and no better company to join, they can only settle for the next best thing and continue to work here.
An Country Automobile introduced Tesla’s electric vehicle technology, ford a three-party joint venture with Xijiang Province to produce electric vehicles, and also collaborated with a New Energy Battery Company in Dongguan City to jointly develop lithium iron phosphate battery technology, drawing the attention and caution of BYD Company.
Initially, Yi Anguo wanted to collaborate with BYD, but since BYD refused to co-develop and share the research and developnt technology with An Country Automobile Manufacturing Co., Ltd, Yi Anguo had to turn to M. Musk for cooperation.
An Country Investnt is Tesla’s major shareholder. At that ti, Tesla was still in its startup phase, with its market not yet open and electric vehicle technology not being very remarkable. Moreover, the Chinese market had huge developnt prospects. After careful consideration, M. Musk agreed to cooperate with An Country Automobile Manufacturing Co., Ltd to jointly develop electric vehicle technology and share the developed results.
However, M. Musk was not naive. He knew that the newly established An Country Automobile Manufacturing Co., Ltd. still had a blank slate in terms of technology. In a collaboration where both sides develop together and share the resulting technology, it’s clear Tesla would be at a disadvantage!
Therefore, M. Musk demanded that Tesla enter as a technology shareholder in An Country Automobile Manufacturing Co., Ltd., holding a 20% stake.
Yi Anguo could not refuse this condition but also proposed his requirents. Tesla had to send personnel to China to guide the technology at An Country Automobile Manufacturing Co., Ltd. and help introduce the most advanced automobile production lines, including both new energy vehicles and traditional fuel vehicle production lines.
Currently, the market share of new energy vehicles is not high. Whether dostically or internationally, most cars sold in the market are still fuel vehicles.
Therefore, An Country Automobile Manufacturing Co., Ltd needs to produce so fuel vehicles temporarily, but the main developnt direction for the future will primarily focus on launching new energy vehicles.
An Country Investnt is also a major shareholder in BYD. However, BYD refused to cooperate technologically with An Country Automobile Manufacturing Co., Ltd. Yi Anguo could understand this, as once An Country Automobile Company develops, it will surely beco BYD’s biggest market competitor.
BYD mainly focuses on developing and producing new energy batteries and new energy vehicles. The newly established An Country Automobile Manufacturing Co., Ltd also mainly focuses on developing new energy vehicles and is vigorously researching new energy batteries, particularly lithium iron phosphate batteries.
The production and research directions of both companies are highly aligned, and becoming the biggest rivals in the future is inevitable.
Naturally, BYD doesn’t want to nurture a huge competitor for itself, but Tesla doesn’t have this problem. Currently, Tesla doesn’t have the resources to consider market competition in China.
And by collaborating and taking a stake in An Country Automobile Manufacturing Co., Ltd, Tesla can enter the Chinese market at the fastest pace, considering Tesla holds a 20% share.
If An Country Automobile Manufacturing Co., Ltd develops well and sells new energy vehicles successfully, Tesla benefits economically and will also have a smoother entry when its own electric vehicles truly enter the Chinese market in the future.
M. Musk, being a very smart person, had already weighed the pros and cons before making a decision. If there was no benefit for Tesla, there would be no reason for him to agree to cooperate with China’s An Country Automobile Manufacturing Co., Ltd.
Yi Anguo, of course, had his considerations. Being able to exchange 20% of the shares to collaborate with Tesla was worth it.
Firstly, with Tesla’s electric vehicle production technology, including model design and the introduction of advanced automobile production lines, the newly established An Country Automobile Manufacturing Co., Ltd can imdiately start producing electric vehicles.
Moreover, fuel vehicle production technology can also be introduced through Tesla, including core technology in fuel vehicles and engine technology and talent.
Not to ntion the research and developnt talents in car manufacturing technology.
Even if it didn’t cooperate with Tesla, An Country Automobile Manufacturing Co., Ltd could invest in its own research and developnt.
But technological research needs not only talent but also practice.
By investing heavily, it’s always possible to hire advanced science and technology talents, but ti cannot be bought with money.
Through cooperation with Tesla, all problems are solved, and products can be directly produced and launched into the market without delay.
This is akin to China’s reform and opening-up approach, which traded market access for technology. An Country Automobile Manufacturing Co., Ltd’s concession of 20% of shares was deed acceptable by Yi Anguo.
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