Reborn Entrepreneurial Giant

Chapter 953 Tianwen 3.5

In June, during Galaxy Power's third reusable rocket experiment, Qu Li flew back to Yangcheng. He didn't know why it was so fast. There was no need to be in such a hurry, but Qu Li did not interfere.

Unfortunately, despite adequate preparations, the launch of Suzaku-5 was successful but the recovery failed. There was an unspeakable sadness permeating the entire scene. Doubts about the Galaxy Power Suzaku 5 have appeared on the Internet in large numbers along with the praise of SpaceX.

Qu Li, who was standing at the scene, had no choice but to speak up, arrange the finishing touches, and hold a meeting to summarize experiences and lessons. However, this time he called more "consultants", such as Honor Li Yinan, who has been quite contented recently, and other technical elites from several other companies.

This meeting lasted for three days. It was the first and possibly the last time. After all, we will need to raise funds in the future, and everyone has their own interests. It is impossible to be as casual as now, and everything has its own rules and regulations.

In addition to the technical aspects, the discussion at this meeting also included discussions on corporate development and financing. It was also an exchange and gathering of its technical elites, including the large model team and the Time Cloud team of Fanxing Research Institute.

The dedicated cloud for autonomous driving of cars, the dedicated cloud for large models, and the dedicated cloud for industry including rocket development and design, which Shiguang Cloud cooperated with Qiancheng Geometry, have gradually taken a different development direction from Amazon AWS and Microsoft Azure, and have become the core competitiveness of Shiguang Cloud. .

It can be said that the presence of Qu Li has increased trust between these companies, but it has always been a relationship of mutual achievement.

After the meeting, Galaxy Power CEO Liu Baiqi started financing negotiations and contacted venture capital. On the other hand, he raised funds to see if he could conduct the fourth recycling experiment.

The CTO of Galaxy Power did not lose confidence in the face of three consecutive failures. He was confident in his own technology and wanted to try again, but Qu Li did not agree directly this time.

They don't know how to cherish the money given too much too quickly. Now the company needs to operate independently. Qu Li wants to find a way to make them understand the dilemma of lack of money. If they are really confident and determined, they are willing to devote themselves to this cause.

For example: Galaxy Power employees voluntarily cut their salaries in the next few months, and even invest money to find ways to raise funds for the third and fourth recyclable rocket experiment this year. Qu Li will definitely not let them suffer. His consistent thinking is to share benefits and risks. He does not dare to take any risks and wants high income. How can there be so many good things in this world?

Chen Danlin's third child was about to be born, and Qu Li stayed with her in Yangcheng for several months. The child was born in August and was one month old in September. During this period, Qu Li worked hard. In addition to his normal work, he would always be by Chen Danlin's side to chat with her.

Galaxy Power successfully raised the funds for the third rocket launch and suspended financing negotiations. The process was easier than he imagined. Many banks and financial institutions were willing to lend money to Galaxy Power employees.

On the one hand, Liu Baiqi and others reduced the company's welfare expenses, and on the other hand, they established an employee stock ownership platform. They took loans from banks. More employees were willing to sign and borrow money to buy shares than he imagined. There were also people who wanted to buy more stocks, but according to their levels, There are differences...

The valuation of employee shares is not high, only about 15 billion soft sister coins, which is about twice the actual investment of US$1 billion by Fanxing Fund, and the premium is very low.

It can only be said that Qu Li's idea is good, but whether it can be realized is really beyond his control, but he did not regret it and gave his support. Galaxy Power’s third recycling experiment this year is scheduled for the end of November and the beginning of December.

In the past few months, a series of things have happened. For example, a war broke out between Russia and Ukraine, and international crude oil prices soared. For example, Fanxing's Vision Fund and United Financial's Xiangjiang Investment officially acquired 10% and 5% of Qianjin Geometry. Shares, the board of directors will be reorganized next year, and Mitsubishi Motors CEO is expected to join.

In addition, Qu Li resigned from the board of directors of Mitsubishi Motors and Xia Mingfei took over. Mitsubishi Motors and Qiancheng shared the Fuyao 2.0 architecture, integrated the supply chain, and accelerated the development of new cars. Global sales now exceed 150,000 vehicles in a single month. Global sales of the three CMQ brands are approximately 350,000 vehicles in a single month.

Qu Li also did not expect that Mitsubishi Motors, which was supported by CMGE Geometry, would suddenly break out and even affect the delivery of CMGE Geometry. However, they themselves did not expect the unexpected, and their competitors were naturally unprepared. Mitsubishi Motors has almost 100 companies in Japan, Europe and the United States. 100% increase, and Qiancheng’s geometric development focus is in Southeast Asia, South America, and Russia’s CIS.

Especially in Russia, logistics stagnation, supply chain disruptions, and factory shutdowns caused by the plague have intensified. The war has caused foreign car companies to run away. Qianlantu's production capacity at the Russian car factory has increased from 50,000 vehicles in the early days to 150,000 vehicles.

Now a Russian company has acquired Toyota's factory in St. Petersburg to provide OEM production for Lantu Motors. Coupled with the withdrawal of Mitsubishi Motors, Lantu Motors' production capacity has expanded to 250,000 vehicles. Of course, Toyota has the right to choose to buy back within 6 years, which is the choice of many European, American and Japanese car companies.

The sales volume of Qiancheng fuel vehicles in Russia before the name and label change was less than 100,000 units. Now it is renamed Lantu, and the four CS3/6 series SUVs and Lantu Chasing Light and Fuguang family cars are all arranged to be produced in Russia. In addition, models such as Lantu Yaoguang mid-size sedan and Lantu Qiguang off-road vehicle are sold to Russia through import.

Lantu Motor's production capacity of 150,000 vehicles will definitely be able to operate at full capacity this year, and Toyota's 100,000-vehicle plant will soon resume production after debugging. Including the sales of imported cars, Lantu's sales in Russia in 2022 will most likely exceed 200,000 units. As for whether it will reach 300,000 units, it is hard to say, but there should be hope.

Unlike European, American and Japanese car companies, Hyundai Motor, like Qianlan Tu, has not withdrawn from the Russian market and is quietly cultivating the market. The difference is that the flower grower behind Lantu is capable of carrying Yingjiang. The Bangziguo behind Hyundai Kia is Yingjiang's filial son and grandson.

Failure to seize this God-given opportunity would be a sign of incompetence. Future's supply chain does not rely on European and American spare parts. Local Russian automakers can produce at full capacity and sell whatever they produce.

Other domestic car companies such as Chery, Great Wall, and Geely have performed well in this land, but their decisions are not as decisive as Quli's, and their gains cannot exceed Qiancheng Geometric, which is expected to become the number one in the Russian market.

After Chen Danlin finished her confinement, Qu Li flew to the Magic City, not to have a tryst with his young lover, but entirely for his career. With sufficient resources, Fanxing Research Institute finally gave birth to a large model.

To be precise, it should be Fanxing that has produced large models comparable to ChatGPT3.5. In the second half of 2023, many domestic companies' large models have surpassed ChatGPT3.5 and caught up with 4.0/5.0. Unfortunately, they lack computing power.

Originally, the most advanced technology needed to be kept secret, but in August this year, Yingjiang announced a ban on the sale of Nvidia's most advanced A100/H100 GPUs. In this case, there is little point in continuing to keep Tianwen 3.5 of Fanxing Research Institute secret. Qu Li came to Magic City with excitement.

“Although Time, Honor and Future are among the best companies in the industry, many people in China question our lack of originality, such as Amazon’s e-commerce and cloud computing, Apple’s iPhone smartphones, and Tesla’s electric cars, SpaceX rocket launches..."

"I have many reasons to refute. For example, I am too young and do not understand technology. The domestic financing environment is not as good as Silicon Valley, and the market is not as good as..."

"But consumers don't care, I..."

"Until today, I finally don't need a reason."

Qu Li posted some incomprehensible words on social media such as Instagram through Shiguanghao, and he continued:

"At 20:00 on September 30th, Beijing time, we will present a gift for National Day. Let us witness the arrival of a new era together."