The Boao Forum for Asia lasted for five days, with more than 20 plenary sessions, branch meetings, roundtables, luncheons, and various meetings of various sizes. It was simply a sea of events.
On the third day, there was a telecommunications branch with the theme of "Asian 3G Industry Opportunities and Cooperation". Lu Fei went to the scene specially to find representatives from operators such as China Mobile, China Telecom and China Unicom to talk about the "Fetion" cooperation in person, but there was no trace of him. Not found.
We only got an inside message from the Ministry of Industry and Information Technology. The ministry is deciding on the ownership of 3G licenses, including domestic TD-SCDMA.
Lu Fei suddenly realized that the domestic 3G war had begun.
He absentmindedly left the venue, went down the stairs, and bumped into Wang Chuanfu who looked like he had been waiting for a long time. He opened his mouth and asked if he was free.
"What does Mr. Wang want me to see?"
"Haha, Mr. Lu guessed it when we got there."
Wang Chuanfu deliberately used riddles and took Lu Fei to the hotel's open-air parking lot. In his sight, the car covered with red cloth stood out.
"car?"
Lu Fei raised his eyebrows in surprise.
"Yes, this is BYD's new F3 produced this year!"
Wang Chuanfu stretched out his hand and pulled off the red cloth.
Lu Fei took a closer look. There were four-round crystal headlights hanging on the front of the car. The chrome-plated horizontal front grille spread the lines smoothly to the left and right sides and extended smoothly back along the headlights.
"Mr. Lu, what do you think?"
Wang Chuanfu grinned and patted the roof of the car with a smile.
Lu Fei walked around to the back of the car expressionlessly, looking up, down, left, and behind, looking at everything with complicated eyes.
There is no other reason, it’s just too stitched!
The rear of the car is copied from the Honda Fit sedan. Other than that, it cannot be said to be exactly the same as the Toyota Corolla (Corolla), at least it is very similar.
"Mr. Lu knows about cars?!"
Wang Chuanfu was surprised and embarrassed, after all, it was revealed in front of his face that BYD F3 borrowed Liangtian.
"I understand a little bit, I understand a little bit."
Lu Fei squatted down and looked carefully: "Mr. Wang, don't feel embarrassed. Our automobile industry started slowly. There is no shame in starting from imitation. The shame is that we always imitate and never innovate. We only know how to rest on our laurels."
Wang Chuanfu looked like he was a confidant, took out the key from his pocket, and said with a smile, "Mr. Lu, do you want to experience it for yourself?"
Lu Fei agreed wholeheartedly, got into the driver's seat, turned the key, and looked at the layout of the car: "How much floor space does this car have?"
"Only 73,800!"
Wang Chuanfu put on his seat belt and shook off the configuration parameters in detail, "Mr. Lu, do you think it can be a big seller?"
Lu Fei said with certainty, "I can definitely do it," and the clutch, accelerator, and gear shift were all done in one go. In a blink of an eye, the car drove out of the parking lot like an arrow from a string.
Wang Chuanfu was very excited, "Mr. Lu really thinks so?"
Lu Fei drove, "Of course, the configuration is high and the space is large. Nowadays, people are getting richer and want to upgrade from mini cars to compact cars. I remember that the lowest manual Corolla costs 170,000, right?"
"Almost, 150,000."
Wang Chuanfu smiled proudly: "Compact cars on the market, even from joint ventures, cost more than 120,000 yuan. None are cheaper than BYD F3."
Lu Fei said sincerely: "This car is really good. When it is launched, I will ask the company to formulate a car purchase subsidy policy."
"Mr. Lu!"
Wang Chuanfu couldn't help but be moved, "To tell you the truth, I'm just asking for your help this time to help BYD build a car."
"Mr. Wang, please tell me if you have any difficulties. We are both members of the Chinese Renaissance Association, and members should help each other."
Lu Fei squinted his eyes and turned a corner.
Wang Chuanfu took a deep breath and said, "I would like to ask Mr. Lu to invest in BYD."
"sure."
Lu Fei was not surprised. He vaguely guessed it when he saw BYD F3.
In the past two years, the domestic heavy and chemical industry has been developing rapidly. Not only in the real estate and steel fields, but also in the automobile industry alone, private enterprises such as Geely, Oaks, Hengdian, Huaxiang, Wanfeng, and Zhongyu have launched a "car-making movement."
BYD acquired Changan Qinchuan Automobile last year and became the second private car company, but it is not promising at all.
Shareholders even threatened to buy Qinchuan Automobile and shorted the stock. As a result, the stock price fell sharply and the market value evaporated by 2.7 billion.
As for the first car, it was too hasty and the sales of BYD Flair were dismal, which directly hit the stock price hard. Compared with last year, it was almost halved. It is so sluggish that it fluctuates between 10 and 12 Hong Kong dollars now.
"Thank you for your vote of confidence."
Wang Chuanfu didn't expect that he would agree so decisively, so he quickly reminded: "But I have to make it clear that BYD is different from traditional car companies. What I want to build is an electric car.
"If you say that, I would like to invest even more. I am very optimistic about the future of electric vehicles."
Lu Fei raised his lips. Now is a good time to buy at the bottom, at least to get 10% of BYD's shares.
"Mr. Lu really thinks so?"
Wang Chuanfu was shocked. When he entered the automobile industry, not many people supported him. When he chose electric vehicles, no one supported him.
"The future must be dominated by hybrid and electric vehicles, not gasoline vehicles. We in China can only bet on electric vehicles to have a chance to surpass gasoline and diesel vehicles and overtake on corners."
Lu Fei saw the red light ahead and stopped the car.
Wang Chuanfu said: "Mr. Lu, we thought of going together. We will only make traditional cars. No matter what we do, we can't get around foreign patents."
“I am optimistic about the future development of electric vehicles because I think they can bypass the technical barriers of engines, chassis and gearboxes.”
Lu Fei smacked his lips, feeling helpless.
The history of car manufacturing in Europe and the United States can be as long as a hundred years. At that time, China was still in the late Qing Dynasty and the early Republic of China. One step was slow and every step was slow, not to mention a century too late?
Although after the founding of the People's Republic of China, there were automobile factories that could produce Jiefang, Dongfeng, Hongqi and other cars, the products were single and the technology was backward. It was already a big deal to knock out thousands of cars by hand in a year.
It has been changed to introduce foreign technology, but foreign capital is not engaged in poverty alleviation, so why should it cooperate with you?
I naively thought that I could rely on the market to exchange technology, but it turned out that the market gave it away, but the technology was not exchanged. Maybe I could make good glass, interior and paint, but the three most critical parts, engine, chassis and gearbox, foreigners You have to be stupid to really give it.
The disciples of the church, relying on Huaxia's involution ability, can't they involve the master to death?
So much so that in the past 20 to 30 years, on the smiling curve of the entire automobile industry, China had the most tiring work and earned the least profits. A large amount of dividends from the rise of the industry were all eaten by foreigners.
Domestic car companies are still unwilling to make progress, cheating and cheating on subsidies, and lying flat. If it weren't for Tesla, a catfish...
"That's right! Tell me without telling Mr. Lu."
Wang Chuanfu whispered: "BYD's laboratory has developed a lithium iron phosphate power battery. I am sure that this iron phosphate battery will definitely dominate the world!"
"Mr. Wang, we are all happy people. Just tell me, how do you want me to invest in BYD?"
Lu Fei did not take the initiative to acquire BYD's shares, but wanted Wang Chuanfu to speak on his own so that he could take the initiative in the negotiations.
"I plan to set up an electric vehicle research institute and invest 1 billion in three years. It is estimated that China's first electric vehicle will be built in two years. The battery will be powered by the newly developed lithium iron phosphate."
Wang Chuanfu listed them one by one, at least 1.2 billion RMB, which is equivalent to about 8% of BYD's shares.
Lu Fei calculated in his mind that if he held it for more than ten years, the price range of BYD per share would be between 200 and 300 Hong Kong dollars. Calculated at an average of 250 Hong Kong dollars, it would be a profit of at least 20 times, with an annual rate of return of more than 25%.
Not only that, steel and cars are closely connected.
It can completely form the upstream and downstream of the industrial chain with Dingfeng Coke and Lin'an Steel Union, and it can even be combined with logical electronic capabilities.
Just like Huawei, the "Bosch" of electric vehicles!
I, Mr. Lu, voted for this project!
Thanks to Rbo for the big 300 starting coins.
(End of chapter)
