Chapter 445: Acquisition is Cheaper than New Construction
Xiaochu has explained the reason for choosing Borgward, which has a complete automobile manufacturing and sales chain, and is regarded as a tool of capital by Tianxing Youche. It can be raised and sold at any time, and is definitely one of the best choices.
If Bidi chooses to talk to Bidi and ask Bidi Auto to hand over all the electric vehicle production lines to Pangu Technology, Bidi will not be happy.
Bidi Automobile, which relies on electric cars to make a living, is essentially different from Tianxing You Car, which relies on car rental and financing to make a living, and the latter knows how to be willing to give up.
"We are acquiring the negative assets of Tianxing Youche, and I think it should be very happy." Xiao Ming said.
Qian Yi said: "In addition, half a month later, Zhang Derui is preparing registration materials for the Geneva Motor Show."
The Ribewa Motor Show, one of the world's largest auto shows, is known as the industry's weather vane and is also a platform for Omeland to showcase its own luxury cars and future concept cars.
Many Xiaguo auto companies are proud to be able to debut in Geneva, because debuting in Geneva means getting a stage to be displayed all over the world. Regardless of the quality and reputation of your car, you can attract attention and traffic when you make your name.
With the rise of Xiaguo's automobile industry, many Xiaguo's auto companies have made their debut in Geneva. However, due to the poor quality and reputation of Xiaguo's independent brand cars, Geneva has been increasingly strict in recent years for Xiaguo's auto companies to participate in exhibitions.
Xiao Ming said: "It doesn't matter where to display it. Leave it to Huayi Technology for the acquisition of the Borgward production line."
As Pangu Technology's only listed company, Huayi Technology has the financial functions of Pangu Technology in addition to developing its own products.
After receiving Xiao Ming's exact instructions, Huayi Technology sought to negotiate with Tianxing Youche.
Tianxing Youche, which seems to be very glorious, has always been short of money.
Like most new startups, Tianxing Youche will always need funds during its expansion.
In addition to relying on one's own profits, the most important way to obtain funds is to rely on one's own concepts and industries for financing.
After obtaining the equity of Borgward a few years ago, Tianxing Youche did not place it at home as a god, but as a tool of capital.
In the name of Borgward, we cooperated with some second- and third-tier domestic automobile brands to develop joint venture cars and invested in Lala.
In the name of Borgward, we cooperate with certain Internet brands to develop Internet automobile cooperative brands, and then invest.
Then develop several Internet+car concepts in the name of Borgward to let international capital financing take a look.
This is a strange phenomenon in the Xia Kingdom’s economic market. Those who can survive may not necessarily not be physical enterprises, but are likely to be financial enterprises.
On the surface, Tianxing Youche is actually a physical entity, but it is actually a means of financial play, so it will live a very good life.
When Xiao Ming saw these methods used by Tianxing Youche in the financial market, he couldn't help but give him a thumbs up. At present, many people in the financial market in Xiaguo are playing like this. If they don't play well, they become fake medicines. If they do well, they become Didi, Tianxing Youche, Meituan and Ele.me.
When Huayi Technology extended an olive branch to Tianxing Youche, Tianxing Youche took it without thinking.
"Borgward is developing new energy Internet + cars. Our new generation of Borgward Automobile has won conceptual awards at many auto shows such as the New York Auto Show, the Washington Auto Show, and our car design has won the Paris Automobile Design Award..."
Wang Yangqianyi was negotiating with Tianxing Youche at the top of the negotiations. At the beginning of the negotiations, Tianxing Youche had put forward concepts and fragrant buns.
The concept of showing off the Internet+ and new energy in front of Huayi Technology is to show off the concept in front of Pangu Technology, which means showing off the concept.
The senior executives of Tianxing Youche certainly knew that Huayi is a subsidiary of Pangu Technology Group, and also knew that Huayi is a financial tool of Pangu Technology Group.
Tianxing Youche also puts Huayi in the same position as Ali and Penguin. The reason why these large Internet technology companies chose to invest in Borgward is to invest in new energy vehicles and invest in the future.
Tianxing Youche has fired a very attractive cooperation condition for Huayi in accordance with the conventional method, that is, to attract Huayi to raise funds with the purpose of producing and manufacturing XX models of Internet cars, with the first round of financing of 1 billion soft girl coins.
Wang Yangqianyi turned the page of Tianxing Youche's plan and said, "Mr. Li, I think you misunderstood the meaning of Huayi. Huayi did not come to discuss financing and cooperation with your company, but to acquire all the shares of your company's Borgward."
Borgward has a complete R&D, production and market chain, so its sales volume is not good, but it still has its value.
Mr. Li from Tianxing Youche was stunned, "Acquiring Borgward?" He smiled and said, "Last year Penguin also talked about cooperation, but we would never talk about acquiring Borgward."
"But as far as I know Penguin has not invested in Tianxing Youche, times have changed."
Mr. Li's face was not very good. Borgward completed his historical mission in Tianxing Youche two years ago. Borgward improved the reputation of Tianxing Youche and completed several rounds of financing. As for car manufacturing and sales, it would be fine. To put it bluntly, according to Tianxing Youche's current investment in Borgward and Borgward's production capacity, the price of car manufacturing is more expensive than that of buying a car.
As a car rental company, what you need is not outdated brand cars but excellent quality cars.
Car owners like Corolla to beat Borgward bx5.
In addition, Borgward has to burn money from design to production, which has become a burden for Tianxing Youche.
In order to save costs, Tianxing You Car has temporarily closed its production and design department in Germany. Currently, the cars produced by Yanjing's production department were designed in Foton a few years ago. As for the so-called facelift, it is just to change the headlights and taillights, change the interior color, and meet the national standards. That's all.
This year, Borgward's global sales may be less than 30,000 units, and at least half of the 30,000 units were digested by Tianxing Youche itself, and the efforts and benefits are not proportional.
Wang Yangqianyi gave his offer of 3 billion Soft Girl Coin to acquire 67% of the shares of Borgward in Tianxingyou Driver.
"3 billion? We spent 4.1 billion to acquire it!"
"The capital is a loss. Futian also injected 10 billion yuan. And we are cash."
The current competition in the automotive industry is so fierce that it is not the era when a brand could be sold for money.
Mr. Li looked at Wang Yangqianyi, and the price was seven inches.
Wang Yangqianyi didn't have time to get into too much entanglement with Tianxing Youche, so he left behind a cooperation agreement and stood up and left.
Mr. Li saw that Wang Yangqianyi had seven or eight points of agreement in his hand, and indicated the names of other partners in the position of the agreement.
Borgward is just one of the negotiators. Going back, there are Lifan, Huachen, Yangcheng Automobile Fiat and Qoros.
These cars that are about to go bankrupt but have a complete production chain are all the targets of Pangu Technology's acquisition.
Why acquire? Because according to Xiaochu's calculations, the funds spent on acquisition are cheaper than establishing a complete production chain by yourself. Starting from 0 to enter the automotive industry to establish an industrial chain, it not only requires about 10 billion yuan of soft girls coins, but also requires a long wait in terms of procedures and time.
Chapter completed!