Reborn Entrepreneurial Giant

Qu Li was recording a program and talked about happy education and elite education in the United States. Huxiang executives were discussing how much bargaining chips they should give. Whether Changfeng Motors would give GAC or Glory, they all had to discuss.

"Selling Changfeng to GAC is safe and easy, and there is not so much trouble."

"But there's not much room for imagination..."

"Selling it to Glory, will BYD's OEM factory move to Hunan Province?"

"What can Honor mobile phones bring to Huxiang?"

"Is their development sustainable?"

"What if Glory suddenly goes bankrupt?"

"But the upper limit of Glory is much larger than that of GAC, which is 10 billion US dollars!"

"There are also upstream and downstream supply chain companies, including possible pure electric vehicles in the future. The country is vigorously promoting the development of new energy vehicles..."

"But Glory is a private enterprise, established for too short a time, suspected of being state-owned..."

"Do you know about BOE's settlement and fat?" The governor talked about what Qu Li told him on the plane, and he called to ask, but he didn't expect it to be true.

"He Fei is ahead of Xingsha in this regard, their courage..."

"This is equivalent to doing venture capital. When Honor develops, we get far more than what we paid; now we are discussing our biggest loss after Changfeng Motors was sold to Honor..."

"Is there any hope for Changfeng Motor to continue to develop like this?"

The entire meeting room of the provincial government was full of smog, and everyone was under a lot of pressure.

"Will Glory acquire Changfeng?" Someone asked cautiously. He is a technology company and may not be interested in Changfeng Motors.

"Vision Investment has invested in Changfeng since last year, holding more than 5% of the shares. The meaning is already obvious. I believe he will not do wasted efforts."

"The Vision Fund's investment is not equal to Qu Li's decision?"

"He has a very clear understanding of Yuanjing's investment in Changfeng."

"Should we stop talking to him and confirm whether he has the idea of ​​buying Changfeng, and whether Mr. Li of Changfeng is willing to give up control..."

"No need. If Qu Li didn't want to invest in Huxiang, he would have left long ago."

Yes, Qu Li really wants to keep the power battery company in Huxiang. A great company can make a city. The Ningde era founded by Zeng Yuqun has made Ningde. Is it not too much to say?

Everyone discussed for a long time, and finally made a vote. In principle, the decision to sell Changfeng Motors to Glory was passed, and they contacted Qu Li again.

"Sell Changfeng Motors to Glory?" Qu Li's heart was fluctuating a lot, but on the surface he didn't care about it. He really hadn't thought about it. This is a state-owned listed company, isn't it afraid of being infamous for the loss of state-owned assets?

"That's right, it depends on whether you dare to ask for it."

The market value of Changfeng Automobile is more than 2 billion, which is 300 to 400 million US dollars. Although Honor is rich, it is developing at a high speed. The supply chain, operators and other distribution channels all occupy a lot of funds, and the financial pressure is very heavy.

So, Honor's acquisition of Changfeng Automobile itself faces huge uncertainties.

"Overall acquisition, shareholding or holding?" Qu Li negotiated with Xiangfu again

"It allows you to take control."

"What about the control of the company, can I fire the general manager?"

"You can discuss in the boardroom..."

"Forget it, I'm not capable enough." Qu Li suddenly lost interest and asked him to go to the board of directors to argue. If he has the energy, he might as well make a man. If so many women are willing to give birth to monkeys for him, maybe he can give birth to a football Team.

"..."

"Why, isn't this normal?"

"There are advantages and disadvantages. I don't know how to deal with personnel relations. Otherwise, I would not have dealt with the resignation of Honor founder Zhou Shaoning so bluntly. The board of directors of a mature company needs different voices, but in corporate development In the early days, I firmly believed that there can only be one voice within the company..." Qu Li honestly said, believe it or not

"If you control Changfeng Automobile, what are you going to do?"

"I don't know, I don't know much about this company now, but for any enterprise to develop, it must first survive and then develop its own advantages in the competition..."

The Huxiang government is interested in glory, but the chairman of Changfeng Group is very unhappy. A high-tech enterprise that has not been established for more than three years and has not achieved business success. A founder in his twenties can do better than him. Bring hope to Changfeng Motor?

"Honor mobile phones sell more than 40 billion a year, and their foundry moved to Xingsha, which can bring more opportunities to Huxiang..." The leader comforted Chairman Li of Changfeng, and then arranged for him to meet Qu Li.

"Actually, I don't want to..." Qu Li contacted Lei Jun and Li Yinan. They were noncommittal about this matter. It's really too early to build a car now. It may be possible to solve the problem of car manufacturing qualification in advance without spending too much money. It doesn't seem to be an unacceptable thing.

"You can buy it if you want, but you can arrange 500 million US dollars in five years, and don't think about anything else." Lei Jun is very stubborn, and it depends on Qu Li's choice.

Chairman Li doesn't think Qu Li is lying, but the way he speaks is very awkward. Young people nowadays don't talk about martial arts.

In 2008, Changfeng Motor achieved a revenue of RMB 4.7 billion, produced 34,000 vehicles, and sold 27,000 vehicles. The average unit price exceeded 170,000 yuan. Mitsubishi Pajero, which sells for about 300,000 yuan, accounted for a high proportion. Unfortunately, the trademark authorization is still half a year away. Expiration, technical authorization until 2013.

"What are you going to do after controlling Changfeng Motor?"

"Kick out Mitsubishi Motors, reorganize the product system, and do a good job of SUVs, MPVs, and sedans..." Changfeng Automobile has a good foundation. The three major automobile bases have an annual production capacity of 100,000. Unfortunately, the annual sales volume is only about 30,000. The scale cannot be increased, and the cost cannot be reduced. Last year, the net profit was only 77.08 million, which has gone downhill. But its wholly-owned subsidiary, Great Wall Huaguan, has good car design capabilities.

"Don't build pure electric vehicles?" Chairman Li

"This is the mission of Glory Automobile, and it is more important for Changfeng Automobile to survive."

"We're still profitable this year."

"I still understand the basic business logic. With so many car brands in China and no scale advantage, how long can a car company that sells 30,000 cars a year survive?"

"Give it to you to sell more cars?"

"I don't know, at least it won't be worse."

"..." Chairman Li was speechless. A brat who doesn't understand anything, is doing something wrong with money. How did he convince the Huxiang executives?

It’s not that Qu Li doesn’t want to perform better, but he’s not prepared enough. He knows how to make cars, at most he knows Zotye’s crazy imitation, Wuling Hongguang’s van, Geely’s marketing, and Chery’s engine. Does it make him shameless and integrate? What are the advantages of these companies?

In the next few days, Qu Li visited Changfeng Automobile and called people from Vision Investment and Xiangcai Securities over. The acquisition plan must be formulated by his own people, so that he can rest assured.

BYD Electronics also arranged for people to come and investigate. The foundry was not built in Xingsha, so how could the Huxiang government sell Changfeng Motor to him.

Look at the rings and rings, doing business is too much trouble, a few days later Qu Li returned to Yangcheng, leaving a bunch of people busy in Xingsha.