Chapter 1160 The so-called partners

Author: Friend of the Sorceress

Chapter 1160 The so-called partners

When BYAT Qin launched a price war for new energy vehicles and hybrid vehicles at 9.98 last year, Daxia's independent brand car companies began to show unrivaled technological and competitive advantages.

Completely independent and extremely high-performance car-grade chips have made BYAT's new energy vehicle system almost free of lags. The price of lithium ore has dropped, and Ningde Times can fully supply ternary lithium batteries.

Coupled with Daxia's foresight in the new energy track for more than two decades, special subsidies and tax exemptions have created Daxia's independent brand power headed by BYAT.

In the field of new energy vehicles, the Daxia brand has become a high-end, technologically advanced player, and Toyota, Honda and other car companies have become CAPTCHA and IQ vehicles.

When Mr. BYD Wang led a group of senior executives to participate in the Jiuzhou Technology Technology Tasting Conference, he was ambitious and sincere. He also wanted to have an "equality and mutually beneficial cooperation" with Jiuzhou Technology.

But at this moment, he and BYD's senior executives are contemplating how much price they have to pay to compete with the series of technologies offered by Jiuzhou Technology.

“In the year 1023 of the Xiayin celestial calendar, our company’s operating income and net profit both hit record highs.

Last year, the company achieved operating income of 654.011 billion yuan, a year-on-year increase of 55.70%; net profit attributable to the parent company was 26.622 billion yuan, a year-on-year increase of 201.56%; net cash flow generated from operating activities was 220.818 billion yuan, a year-on-year increase of 185.22%.

In the second year of the rapid increase in the penetration rate of the new energy vehicle market, our company did not face difficulties such as chip shortages and rising raw material prices, and achieved the second stage of leap-forward development. Last year, we sold 3.5812 million passenger cars, achieving the set expected goals.

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The automobile and battery business revenue was 454.651 billion yuan; the mobile phone parts and assembly business revenue was 179.36 billion yuan, and the remaining business revenue was 20 billion yuan.

Since Xia Yin 1022, our company announced to stop the production and sales of fuel vehicles and focus on new energy vehicles. It has won the global new energy vehicle sales championship for two years in total.

Driven by economies of scale and smart manufacturing technology, the company's overall gross profit margin reached 24.01% last year, and it added more than 100,000 engineers and technical employees.

…”

BYAT's senior executives are briefly describing the company's current performance and profitability.

What is different from ordinary people's perception is that BYAT is not just a brand. It has a strong voice in the supply chain and even has its own mines and its own semiconductor supply company.

Haiyang.com's Destroyer series, Marine Animal series, Dynasty.com's Dynasty series, high-end Denza, F brand, Yangwang and other products cover almost all the price ranges of new energy vehicles in the range of 50,000 to 1 million, with various prices.

Product layout with top technical capabilities.

Of course, the continuous launch of these new series of products is inseparable from BYAT's large investment in R&D. In recent years, BYAT's continuous R&D investment has increased by more than 112.11% in areas where Jiuzhou Technology has no competition. This is just the number of R&D personnel.

It has grown to 80,000 people.

Wang Chuanfu of BYD looked at his company's business layout in countries such as Neon, Germany, Australia, Brazil and other countries. Last year, he exported a total of 81,512 new energy passenger vehicles. These data made him feel proud.

There is a kind of boredom of "stepping on the horse".

Our company has mastered the core technologies of new energy vehicles such as batteries, motors, and chips. It has minerals, factories, and technical talents. Its cost control capabilities and integration capabilities are among the top in the global new energy vehicle field, but it still has to consider whether it should be used.

Spend a lot of money to get those technologies from Kyushu Technology.

After the financial briefing ended, the conference room fell into an eerie silence.

Neon's car companies are depressed and aggrieved, and BYD's senior executives are also speechless. Everyone knows that the company invests heavily in research and development, and it is really not easy to abandon existing technologies and find new ones.

Jiuzhou Technology.

After a moment, a senior executive sighed and said: "In March, before the financial report was released, we unanimously determined the future development strategy. The company will firmly implement the dual strategy of R&D and manufacturing, and continue to launch more and more innovative products."

Competitive products, further improve delivery capabilities, continue to promote brand building, maintain a leading position in the new energy vehicle industry, and help Daxia's own brands lead the global wave of new energy vehicles.

It is obvious that Jiuzhou Technology Company now plans to invest more resources in research and development, and the implementation of research and development and commercial profits are left to our cooperative companies.

By doing this, they can concentrate their efforts on big things, speed up the process, and achieve multi-level leaps. But I personally am not optimistic about this model.

It is true that in the early days, without the heavy burden of manufacturing, Jiuzhou Technology was able to travel lightly and only do R&D. However, over time, R&D and manufacturing derailed, derailed from the market, and isolated from users, which would inevitably lead to errors in the direction of R&D.

I personally feel that as long as we stabilize the current technological progress and stabilize the core advantages of technology, once Jiuzhou Technology’s capital chain breaks and enters a deadlock, we will be able to enter the game and carve up Jiuzhou Technology.”

Um?

What this executive said directly touched the hearts of many people.

Jiuzhou Technology has never developed and manufactured independent products to enter the automotive field. Therefore, when car companies such as BYD look at Jiuzhou Technology, although they admire each other's technological strength, they have never regarded each other as the king in the same field.

Although it is not said so, many people believe that Jiuzhou Technology is very good in the high-precision field, but in the automotive field, there will definitely be weak projects.

Moreover, everyone knows that Jiuzhou Technology’s current production and research model and unhealthy way of investing heavily in R&D are unsustainable.

Unless Jiuzhou Technology can provide a complete industrial package for Guo Jia and the people in the aerospace, entertainment and high-precision manufacturing fields, it will simply not be able to use existing profits to promote high R&D investment for a long time.

Maybe now I am exchanging shares for Jiuzhou Technology to join the game. In a few years, I may have the opportunity to join Jiuzhou Technology in the opposite direction.

After the senior official's speech, although the atmosphere in BYD's conference room became lighter, it was still heavy.

After all, the future capital chain rupture of Jiuzhou Technology will only happen in the future. The top priority now is whether to pay for the equity and get the technology of Jiuzhou Technology while letting the other party take the money and continue to engage in research and development.

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From the perspective of business competition, this is capitalizing on the enemy.

Although the funding is from the same Guo Jia partner, the business competition that can be seen in the future is a fact.

Biati, like Xia Wei, both have a strong mentality that wants to become bigger, and strong people will not always be willing to be inferior to others.
Chapter completed!