Reborn Entrepreneurial Giant

The domestic conference was held, the Internet industry became the protagonist, Internet plus became a buzzword, innovation and entrepreneurship were mentioned many times, and mass entrepreneurship and innovation were mentioned again.

Looking back, this period was indeed a good period for starting a business. In the future, it will be difficult for ordinary people to break through the shackles of class.

Qu Li also reads news reports after work. He doesn't even care about national affairs. What if he gets distracted by the company?

Geometry released last year's financial report, and the stock market reaction was muted because the data was similar to what Qu Li said before, and the market had already reacted in advance.

Then the general meeting of shareholders was held, and everyone began to ask about the authenticity of Qiancheng's Fuyao structure and Yunhu body. After all, there are too many people in China who like to brag. In the past, water turned into oil, and later there were water-to-hydrogen cars. What is even more incredible is that actually The government believed it.

Qu Li did not need to answer these questions. He carefully introduced these continued R\u0026D investments, team composition, and direction choices. In three years, Toyota developed three platforms, each of which includes fuel, pure electric, and hybrid.

The future geometry is much worse. There is a difference between fuel vehicle platforms and hybrid vehicles. Moreover, the Fuyao architecture only has small, compact and medium-sized vehicles, while hybrid vehicles only have medium-sized vehicles.

Then there is product planning, that is, the development plan for off-road vehicles and MPVs, as well as the fact that the supplier of Yunhu’s body black technology is Huaguan and the new chief designer is Walter. There is no objection to these. Geometry’s premium car model has finally won trust.

As for the financing before the new product is launched this time, there are certain risks for investors, but if we really have to wait for the success of Lantu sedan before financing, then it will be meaningless for new investors.

With the cooperation of shareholders, Qu Li did not go to Yangcheng after the shareholders' meeting. Instead, he stayed in Xingsha to work on product positioning for the forward research and development of off-road vehicles, building a professional hard-core off-road vehicle, or an urban SUV that can also take off-road.

Later, domestic companies gave the answer: off-roading is a spiritual pursuit and a status positioning, so professional off-roading capabilities are the foundation, and comfort is the actual demand. Many Tank 300 owners have never had any off-road experience, and many things they just think about in their minds.

Off-roading is not just a necessity when buying an off-road vehicle. If you don’t believe it, watch the Chengdu Auto Show. It requires off-roading, luxury, comfort, technology, and a bunch of terms, such as light off-roading, traveling, crossing, and camping, all of which must take into account urban comfort.

"The price of our off-road vehicle is around 250,000. The off-road capability must be strong, but it must also take into account urban use and the comfort of the co-pilot and rear passengers." Qu Li put forward the request according to his own ideas. It's not a hard-core off-road vehicle.

The off-road capability of off-road vehicles is definitely the foundation. How else can it become the spiritual sustenance of consumers? If you really want to buy an off-road vehicle without off-road capabilities, others will only think that this person is being hypocritical. Of course, no matter how niche it is, there will be people who want it. Qu Li also wants to sell 10,000 off-road vehicles a month, so he naturally wants to learn from the excellent Tank 300. The appearance of this car must be tough and sassy!

More than 30% of the Tank 300 are female owners. It is very difficult to design a tough car while taking into account the female aesthetic.

Qu Li has time to care about vehicle design, naturally to reduce the probability of making mistakes, and also because other things do not require his intervention. Honor is busy selling mobile phones for marketing, Jumei announces financial reports, prepares for shareholders' meetings, and needs financing, so he It seemed a little idle.

However, he soon became too busy and took on a series of meetings, such as the IT Leaders Summit in Pengcheng. As a neighbor, he couldn’t refuse. The Boao Forum for Asia had important topics related to e-commerce this year, and he wanted to attend.

Soon, Geometry Futures was ready. Qu Li and the others flew to Xiangjiang to communicate directly with various capitals.

The purpose of this financing is to expand production capacity, improve the global sales network, and increase investment in autonomous driving.

Since Qu Li blew up this bubble, many domestic and foreign companies have invested in it. Not to mention Tesla, Baidu is the leader in the country. However, in the eight years since 2015, there has not been a single car that cooperated with Baidu. The car was put on the market and the execution was appallingly poor.

Alibaba did not make any move for the time being, but later started a road-vehicle collaboration; Echang, Futukang, and Harmony Automobile (dealer) established Harmony Futeng; Chrysanthemum Factory did not invest for the time being.

Anyway, every visible company in the country will be a competitor in the future. However, Honor is a computing power center that combines software and hardware, Qiancheng Geometry is a step-by-step, naturally iterative assisted driving, and other domestic companies have jumped directly to autonomous driving.

Do you think this is over? Where do the various hardware facilities for sensors (lasers, millimeter-wave radar) for autonomous driving come from? The best choice is of course Huaguan's subsidiaries.

Qu Li is promoting the advancement of the entire electric vehicle and autonomous driving industry chain. To this end, he even spent 5 years developing an open source instruction set architecture and an open source system-level programming language.

This kind of strategic resilience and foresight has deeply attracted a group of people in China. Many teams have actively invested in these two projects. The newcomers who joined Time and Glory last year have been assigned to the two projects. The cultivation of talents has begun from now on. here we go.

These things have nothing to do with Future Geometry. Anyway, Honor is responsible for the car system and chips. They are only responsible for the algorithm level, including the definition and development of some hardware. Yes, some hardware needs to be in demand before it can be developed.

The most important thing about this financing is how likely it is to launch a self-driving value-added package for cars that requires additional payment, turning a one-time transaction into a business model where software and hardware are charged separately. This is more imaginative. Apple's current share price and market value are unparalleled. The most important thing is its high-margin software service App Store.

Geometry just said "it's possible" and Qu Li didn't necessarily bring the idea to the market, which already excited many shareholders.

Investors are excited, how can Qu Li be unhappy? Along with the soaring stock prices of large A-shares, the stock price of Future Geometry in Xiangjiang has risen sharply, with a market value of more than HK$250 billion, which is still slightly lower than that of large A-shares. Future Geometry's financing scale this time is about US$1.5 billion, and it will sell about 4.5% of its shares, with a market value of about US$33.3 billion.

The price of Qiancheng Geometry's private placement this time is lower than the price of A shares, so investors need to lock in for the long term. Of course, such details can be easily solved. After all, they are Internet companies, and their pursuit of efficiency has been continued by them.

Qu Li's financing process in Xiangjiang was quite smooth. US$1.5 billion was not a lot to him at least, but it was still valuable to Qiancheng Geometry. Geometry's direct-operated stores, charging piles, and supercharging stations all cost money! In addition, the implementation of Yunhu black technology also requires time and funds. It is absolutely impossible to have no money...