Chapter 175 Zilu
Wang Chuanfu and Yu Xing had half talked, but in the end they still couldn''t suppress their curiosity and asked a question.
"Mr. Yu, what are you trying to do for this conversation?"
"In a narrow sense, I just want to show Bai Xiaosheng''s users how elites in different industries think and practice. In a broad sense, I hope more people can gain something when they see our conversation." Yu Xing expressed his gratitude again, "Mr. Wang is willing to take time to accept my visit, and I am very grateful."
Although BYD''s current main model is F3, its revenue reached 27.7 billion last year and is expected to exceed 40 billion this year.
Simplely compare the size. The goal of this conversation number 3 is more than ten times that of conversation number 1 Liu Qiangdong. Of course, different industries cannot directly compare this way. The growth rate of the Internet will be quite fast, but for Yu Xing, Bai Xiaosheng, who he is currently fiddling with, is too small compared to it.
I didn’t think I could see anyone when I called BYD. I was very happy to see him today.
"You''re welcome, you''re not very busy this week." Wang Chuanfu looked at the young man and said honestly, "I just think there may be a generation gap between us. You are an Internet person, so what should I talk about?"
"Just talk, we don''t preset anything. I just want to hear your thoughts." Yu Xing said with a smile, "For example, what do you think of joint venture cars?"
"Joint venture cars are very good, joint venture cars are our role models." Wang Chuanfu said without hesitation, "We will catch up with them after learning and digesting them."
Yu Xing nodded.
Wang Chuanfu saw that the young man did not continue to ask, probably the other party wanted to talk more about this topic, but he also felt that it would be more comfortable to talk about what he was good at. He continued to say: "Our domestic market is a big market. In such a big market, brands with excellent quality and reputation must appear. BYD is moving in this direction, but these must be rooted in the development of the domestic industrial chain. I think one of the important significance brought by joint venture cars is here."
Yu Xing asked with interest: "How do you say this?"
"First of all, you have to know that different joint venture cars have different attitudes towards domestic suppliers, one positive and one negative, and the other negative is like BBA. They like to use their T1 in Europe." Wang Chuanfu interrupted, "Do you know T1?"
Yu Xing nodded: "Tire1, a first-level supplier that directly supplies factories, Tier2 is more advanced, mainly supplying Tire1."
Wang Chuanfu smiled: "Yes, BBA likes to use Bosch, Freia, and Decosmere, a batch of European T1s. Toyota likes to use its own or Japanese, such as Toyota Textile, which provides parts for the interior of the cockpit, such as Denso, which provides air conditioning, fuel management, etc."
"Of course they will also build factories in China, which can reduce costs, but domestic factories only have the manufacturing rights, and R&D is mainly in their original countries."
"Pinion, like Volkswagen, under the insistence of SAIC, we gave the development rights of Lavida and Phoenix models. Although Germany still grasped more voice, the R&D capabilities of the supply chain have reached the domestic level, which is much stronger."
"I know that GM is better. It established Pan Asia with SAIC. Not only did the development rights of the whole vehicle, but also the development rights of the new platform were given. For example, the very successful GL8, which is led by SAIC. The driving force of this joint venture has greatly increased our vehicle and parts research and development capabilities."
"If our industrial chain cannot develop, we will definitely not be able to make a good car."
"This is just a market exchange for technology."
Wang Chuanfu talked happily.
"What help has this kind of supply chain developed to BYD?" Yu Xing asked with the flow.
"As for help, we are learning and introducing standards, technology, and talents." Wang Chuanfu said this, and suddenly said, "The country should have plans for this area."
He continued with knowledge of it: "For example, United Electronics, this is a joint venture between SAIC and Bosch, Germany, which mainly develops and manufactures vehicle control modules. Now many private automotive electronics companies are established by people from it."
"Like Huayu Sai Keli, it has developed the first generation of domestic steel-aluminum hybrid body welding technology. Like Yanfeng, it has made many parts in the car. It is a subsidiary of SAIC Huayu and has many joint ventures, making interiors, seats, electronics..."
"A car has 20,000 to 30,000 parts, and three major parts are very important, but a good car needs to be built based on the development of the entire automotive parts supply chain."
"It''s still what I said just now. Our domestic market is so big, and the introduction and absorption of technology have been going on. It is worth a strong enough domestic brand. Maybe it''s BYD, maybe it''s not BYD, but we are working hard in this direction."
Yu Xing wrote down the keyword of "industrial chain" in his mind and asked: "Since BBA and Toyota can do that, why do Volkswagen and General Motors do such a joint venture?"
"The interests of car companies are not integrated, they compete with each other." Wang Chuanfu paused and said, "I don''t know if there is such a factor, but SAIC has not yet obtained the manufacturing rights of Audi, and FAW received it more than ten years ago."
He shook his head and took a sip of tea: "There are benefits and costs, but what I can see is that the progress of the domestic industrial chain is already very obvious. The road is tortuous and the future is bright."
When Yu Xing saw the boatman open the conversation, he also took a sip of tea and focused the next issue on the industrial chain.
The two-hour conversation time is fleeting.
When the secretary came to knock on the door to remind him of the meeting time, Yu Xing felt a little unsatisfied.
"Mr. Yu, I didn''t prepare any manuscripts, and you didn''t give any questions. After we talked so much, I basically just talked about wherever I thought." Wang Chuanfu stood up and shook hands, "I''m talking rather long-winded. If you post it, then streamline it."
Yu Xing smiled and said, "The posts on our website are not like news reports. Besides, Mr. Wang''s words today are particularly sincere."
"I''ll go to the meeting and let Xiao Wang see you off." Wang Chuanfu took two steps and greeted the secretary outside.
Yu Xing thanked the boatman again and prepared to leave.
Wang Chuanfu took a few more steps and suddenly asked, "Mr. Yu, have you asked so much, are you interested in making cars?"
Yu Xing was stunned for a moment, then shook his head and said, "I still prefer light-asset operations. When I started a company last year, I quickly got hundreds of people. I felt very tired at that time. This year, I was much better. I will leave it to an experienced brand like BYD."
Wang Chuanfu smiled: "We have only been building cars for five or six years. When I was making batteries, I never thought about entering this industry."
Yu Xing pondered for a moment and asked, "Why would Mr. Wang ask me such a question?"
"Because when I was interviewed in the past, the reporter liked to ask about the future, the goal, and the revenue. What you like to ask about today is the industrial chain, the business and development of companies in different links." Wang Chuanfu joked, "Those manufacturing things are so dull and have never been very popular."
"Well, in fact, I was thinking about selling shovels during the chat. Many people made money, but those who made money were selling shovels." Yu Xing said seriously, "When I have money, I may consider making good shovels."
Wang Chuanfu thought for two seconds and nodded, "It''s not bad. If you have the chance, please welcome Mr. Yu''s shovel to become our T1."
Yu Xing finally shook hands with the boatman and said goodbye to the boss who had been building a car for 6 years.
6 years...
Yu Xing left BYD''s headquarters, and when he was in the car, he was still thinking about the time mentioned by the boatman himself. He has always had a special misunderstanding, and always felt that BYD was the car company that has accumulated strengths, but now it has only been 6 years since BYD started building cars in 2003.
BYD became the world''s second largest mobile phone battery manufacturer in 2003. It immediately chose a battery-related industry and decided to make electric cars. It acquired Qinchuan Company and took a year to make a "316", but it was cut off the day after the actual car display due to the dealer''s expectations.
After that, it took more than a year to go offline and sold 100,000 vehicles in 14 months.
It has been 4 years since F3 was offline.
How dare a battery-maker builds a car? This is probably the most mainstream question at that time.
Yu Xing thought this matter was particularly interesting.
When he returned to the hotel, he shared his communication with Xiaoying today with the boatman, and talked about what the boatman finally asked about himself.
Liu Wanying''s first reaction was: "What do you want to do? Do you also want to start a car company to cheat subsidies?"
"Hey, Xiaoying, do you have a misunderstanding of me?" Yu Xing was helpless, "I will share the latest conversation with you. How come you come up is just to cheat or not. I didn''t say I want to build a car."
Liu Wanying hesitated for three seconds and asked, "Do you want to cheat subsidies in the automotive industry? Or are you, Bai Xiaosheng, sifting out any abnormal information?"
"I just feel it. I think you can make a fortune by making a shovel." Yu Xing replied.
"If you want to get rich, then slowly sift through the information. If we can do the work between Jiahan Forestry and Alibaba this time, the capital we have in our hands will increase greatly. Then we will have strong income-generating capabilities." Liu Wanying said seriously, "Since you are talking about light asset operation, what else can you have lighter assets than this?"
Yu Xing pondered: "Yeah..."
"If you believe Wang Chuanfu''s judgment, this new energy is the future, or you have such expectations yourself. By the way, I think you are still paying attention to Tesla in the United States." Liu Wanying said, "In this case, what''s the point of making a shovel? Shouldn''t the biggest long-term one also start a car company?"
She is now accustomed to dividing things into two directions, one is short selling at the financial level, and the other is longing in corporate operations.
Yu Xing pondered again: "This time..."
But as soon as these four words were expressed, he thought of the ideal, NIO, Xiaopeng, and new energy vehicle companies that had not yet appeared at this time.
Liu Wanying didn''t know what Boss Yu was thinking, so she expressed her point of view: "There is a saying that the best time to do something is ten years ago, followed by now."
Yu Xing wondered, "Xiaoying, what are you doing? Encourage me to build a car?"
"Of course I object." Liu Wanying said with a clear attitude.
Yu Xing was even more puzzled: "Then tell me for a long time?"
"From my understanding, I don''t think building a car is a good choice." Liu Wanying said frankly, "But if you think this matter is interesting and you are willing to invest, it''s not that we can''t try it. What I object to is, and I support you."
"Well, do I want to thank you? But I don''t seem very excited." Yu Xing smiled, "Wait for Paulson to increase his holdings quickly, and rely on them to spend it."
Liu Wanying mentioned the latest news: "Paulson''s pace is really close. I saw that he mentioned the company direction he is optimistic about on Wall Street, which includes Jiahan Forestry."
Yu Xing hopes that Paulson can increase his holdings quickly, and Alibaba is still waiting for news over there.
After the phone call was finished, he returned to his room and did not see Zhong Zhiling and Ge Xingwen. I wonder if these two people were going to browse the city scenery.
Yu Xing sat in front of the table, pulled over the hotel notebook, took out a pen and wrote a word on it, shovel.
Then the second word is the supply chain.
If you want to make money, you can just rely on investment opportunities, and you don’t have to worry about it.
Yu Xing is different from the past. Although he is not like the big guys he met, he can also initially mobilize some resources. As time goes by, these resources can quickly increase their value.
He wrote the third word again, building a car.
Yu Xing carefully examined these three words, just like his communication with Xiaoying, no excitement emerged in his heart.
A moment later, he suddenly thought of Xiaoying''s first reaction and silently wrote the fourth word on the paper to cheat him.
Si Liu!
I don’t know what’s going on, but I feel excited all of a sudden.
There is indeed a lot of chaos in the automotive industry, especially before and after the development of new energy, which will inevitably bring a lot of verification of the mechanism to Bai Xiaosheng, including former boss Accountant Jia, who also got involved in it.
If you can help your former boss’s career with your own hands, you will definitely feel good.
Yu Xing drew a circle on the last word and unconsciously thought of more. The fraud of fraud not only happened in China, but also in foreign countries because CATL occupied the battery market.
In Europe, Beifu, a company dedicated to automobile battery manufacturing, appeared, hoping to reduce its dependence on Asian battery companies. It raised more than US$15 billion in seven years and chose to build a factory in a small town in the Arctic Circle in Sweden. It is said that it is full of sunshine here, and using solar energy can reduce costs and improve competitiveness... The ultimate outcome is to file for bankruptcy protection.
The founders of CATL have three comments on this, because their design is wrong, because their process flow is wrong, because their equipment is wrong...
When Yu Xing thought of this, he felt that the scammers in the world were like crucian carp trees...
But another small idea came up, it was all a cheat anyway, so why not...
No, no, I am doing serious business.
Yu Xing quickly stopped his thoughts, unconsciously he could do such things, and quickly crossed out the words he wrote on the paper, but for some reason, he really became particularly excited.
(This chapter ends)