Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 109 Spending Hundreds of Millions to Enter the Automobile Industry

He stared at Shen Fei for a while.

"Do you know what people here call you now?"

He pointed to the building next door, but Shen Fei did not answer.

"Shen Bancheng." Zhang Shiqing said these words without any praise or criticism. "It was first rumored in Guangzhou's tech circles that you invested in Huawei at the beginning of the year, and then acquired shares in JD.com's Jingxi platform and Tencent in the second half of the year."

Some people say that the assets controlled by Transsion Holdings are almost equivalent to the market value of half of Guangzhou's old city.

Tencent and Huawei are both large corporations, which inevitably attracts jealousy from some people.

Shen Fei didn't say anything, he just stood there calculating... As he calculated, he realized that those people actually had good judgment.

That's absolutely right!

After six months of development, Huawei's mobile phone division has firmly established itself as the top smartphone manufacturer in China, and a valuation of $60 billion should not be a problem.

50% is $30 billion

Penguin... Although its stock price has been falling since the resumption of trading, a 20% stake is still worth over $60 billion...

If Jingxi can establish a solid logistics foundation, it will become another enterprise worth hundreds of billions of yuan.

Seeing Shen Fei pondering, Zhang Shiqing didn't say much. Anyway, he earned his money through his own abilities, and everything was based on evidence... Even if some people wanted to take action, it wouldn't be so easy.

"Your money was earned legitimately, but I'm telling you this title is dangerous," he warned.

"Your grandfather was the workshop director in the machinery factory, and later became the deputy director. There were 800 people in the factory, and no one called him director. They all called him Lao Shen."

The year he retired, the factory gave him a plaque inscribed with the words "Great virtue carries all things."

He looked at Shen Fei: "What kind of plaque do you hope people will present to you 30 years from now?"

Let's quiet down in the office for a bit.

Shen Fei finally understood how the plaque in his house came to be...

He didn't particularly care what kind of plaque he received. He wasn't involved in politics, and other people could say whatever they wanted, so his explanations were unnecessary.

He didn't explain further.

"I've got it," he said.

Zhang Shiqing nodded.

"Do a good job in the new energy sector." His voice softened. "The top leadership has taken notice of you. Your future is bright. Don't get involved in those subsidy fraud schemes."

"Won't."

"Don't sacrifice safety to meet deadlines."

"Don't worry, Dad."

"Don't think that having a technological advantage means you can slow down. The government's plans for new energy are beyond your imagination."

Shen Fei smiled slightly. He probably knew more about the confidence the higher-ups had in new energy than Zhang Shiqing, a high-ranking official.

But his explanations still warmed his heart.

Finally, Zhang Shiqing glanced at him and said, "Then go!"

Shen Fei got up, walked to the door, and then paused.

"dad."

"Um."

"Transsion's first vehicle is planned to have a range of over 600 kilometers."

Zhang Shiqing looked up.

"This isn't a theoretical value, but an actual test result, and it's not three to five years from now, it's next year."

He looked at his father-in-law: "We won't slow down."

"Okay, since you have this confidence, you can be a little proud. Don't worry about those messy things, as long as you succeed."

That's their jealousy.

Most people only care about the result, not the process. Remember, beware of backstabbers.

Shen Fei nodded; he understood all of this.

However, my father-in-law's intentions were good.

Becoming famous at a young age! The worst thing is to become too arrogant and give others a handle to use against you.

Buying a company for just one dollar is rare, but it's not unheard of. Even a giant like Huawei... almost did it once...

…………

July 20th, 10 AM.

Huaxin Investment and Transsion Holdings jointly issued a new announcement: "Huaxin Investment will invest RMB 100 billion in the Transsion Auto project, holding a 70% stake."

Transsion Motors has been officially established. Headquartered in Yuexiu District, Guangzhou, it plans to launch its first intelligent electric vehicle within three years and simultaneously establish a manufacturing plant with an annual production capacity of over 50 intelligent vehicles.

At 10:30 a.m., Transsion officially released a recruitment poster: "We are looking for outstanding automotive engineers. Those who pass the final assessment will receive a 30% salary increase, and there is no upper limit to the increase for those with exceptional abilities, with the highest increase reaching three times the original salary."

Work location: Guangzhou.

Join us and let's build a world-leading electric car together.

After this news was released, the internet exploded.

#Another 10 Billion Yuan Investment in Huaxin in 2009#

#NewEnergyHotspot#

#What are the secrets behind new energy vehicles that drive so many industry leaders to strive for them?#

"Holy crap, billions in cash! This isn't car manufacturing, it's practically hacking accounts."

"The boss is so rich, why doesn't he just buy our company... I really don't want to go to this lousy class anymore."

"The competition in the new energy vehicle market is about to intensify!"

What kind of company is Huaxin?

"The company upstairs is a financial firm; they're incredibly wealthy."

Thanks to the attention garnered by the massive investment, Transsion Motors quickly surpassed 30 followers.

We've also received many private messages from automotive engineers, mostly inquiring about salaries. Of course, there are also some trolls attacking the idea that it's a case of capital manipulation, followed by the claim that they're using connections to fraudulently obtain huge subsidies...

Transsion Motors: "[Screenshot] Registered capital of 100 billion yuan, fully paid up. All content on this Weibo post is genuine and absolutely not fabricated."

Capable individuals are welcome to inquire; our recruitment team will definitely not let you down!

Shortly after the Weibo post, a small group of engineers at BYD Automotive Research Institute immediately received 99+ messages.

Has anyone seen the job posting from Transsion?

"I saw it! Triple salary! And with a registered capital of tens of billions, they're really not short of money."

"That's fake. They've already been forced to move overseas just to generate PR buzz."

"I asked a classmate who works in the Yangcheng Municipal Government, and it's true."

Huaxin has invested 100 billion yuan, which is already in place, and the vehicle manufacturing license has also been approved.

"Damn it, where's my resume? It's all in new energy, I have to switch jobs!"

Half an hour later, the news of Huaxin's 10 billion yuan investment had given the entire automotive industry new hope... Even some people working in joint venture car factories were filled with great confidence.

Audio transmission must be added.

Whether they're genuinely building cars or just pretending, triple pay is hard to refuse.

BYD headquarters, Human Resources Department.

The HRD placed the report on his desk.

"Mr. Wang, this is Transsion's recruitment announcement."

Wang Chuanfu glanced at it, and a worried expression immediately appeared on his face. The most important part of an electric vehicle is its three-electric system, and the most expensive component is the battery. This is also what BYD is most proud of…

Their iron batteries are marketed as safe, low-cost, and long-cycle-life, but their energy density is really just average, resulting in a slight weight overrun...

"175Wh/kg," he said. "Do they really have it?"

"The people from the Electric Power Research Institute said that the data from the submitted samples was authentic, and the cycle life was even better than the industry average."

Wang Chuanfu remained silent for a few seconds.

As a leader in new energy vehicles, their plug-in hybrid model, the F3, only has a pure electric range of 100km, meaning it can only travel about 70-80km in actual pure electric mode.

"Notify the research institute. Next month's strategy meeting has been moved up. Several additional topics for discussion have been added..."

The possibility of new battery research, salary increases, and a significant increase in year-end bonuses.