Chapter 512 - Investing in Electric Vehicles (1/2)

Chapter 512: Investing in Electric Vehicles

Translator: Min Editor: Rundi

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When Luer reminisces about this day many years later, he wouldn’t knohat kind of emotion he had He could only re when he took the business card It felt like he was not holding a gold-gilded business card, but a couple of tons of gold…

Jiang Chen demanded 80 shares It was not an unreasonable request Currently, Luer Auto Company didn’t even have their own car plant The only source of incoy Vehicle Project Special Funding, and the only things worthwith the eleven patents and a few blueprints that could acquireFinally, there were the ten technical experts that Luer almost couldn’t pay any for Jiang Chen and nothing for the automakers with billions in market cap, but to Luer’s company on the brink of bankruptcy, it was timely

“Don’t rush to build a plant yet I need you to focus your research on the develop the performance of the pure electric vehicle, as well as the coed battery”

“But with this e capacity of the battery and the charging speed These are key for an electric vehicle” Luer was a bright individual Although the wireless charging concept was too forward for the era, it was based out of the consideration of charging speed

“We’ll solve the battery problem The specifications of the battery will be sent to you a week later” Jiang Chen smiled

WhatChen saw in his co, he didn’t ask

After departing with Luer, Jiang Chen took a few more rounds around the venue The booths he focused on were all unique; the types of coies but not favored by the market

These types of companies shared a similar trait which was poor financial condition Their president or chief engineerChen threw out stacks of cash as bait and asked for a significant chunk of the shares The presidents handed their shares with both hands willingly while chuckling in theirChen’s offer To those people, Jiang Chen’s action was straightforward

Turn around and leave

There were too ardless of technical expertise, as long as they ister or be invited to the exhibition If you don’t want to sell, they were plenty of people desperate to sell

For a total of 500Chen acquired France’s Luer, Finsai, and Frankberg’s Leon with a controlling share of 80, 85, and 75 respectively Jiang Chen purchased the three companies with his own money and not Future Group’s balance sheet So on the share transfer agreened his naister a new subsidiary under Future Group with the name Future Heavy Industries The first order would be the electric vehicle battery used in wireless charging equipment And the three auto companies he purchased, they’ll use Future Heavy Industries’ battery as the core co Chen thought about vertically integrating the entire vehicle production line, but he abandoned the idea

Reason baring none other than it was necessary

The battery was the core of the electric vehicle, and even ine This point was coine was significantly as tank

The top company establishes the standard; the second tier company produces the product Future Group just needed to be the company that created the standard It was not worth the risk to be investigated for having athe entire production line

Establishi+ng the three companies to be the leader in the electric vehicle field, and Future Heavy Industries’s high-efficiency battery would be pushed into the market When all the clients were used to the convenient and fast wireless charging electric vehicles, the charging station and parking lot would then be paired with Future Heavy Industries’ charging equipment

By then, Future Heavy Industries would be the standard