Since his rebirth, Li Yuan has discovered a very interesting phenomenon - ideas recognized by most people during this period, such as: sewer oil paper bags, craftsman spirit, the country is very backward, the gap is unreachable, etc., it turns out in the end that they are all
Wrong. And only ten or twenty years have passed.
But as long as what Li Yuan told the truth, almost everyone would look at a certain Yuan brother with the eyes of a ghost writer, thinking that he was going crazy again.
Here, Li Yuan also speaks the truth, because this is the future development process of domestic electric vehicles.
But it was obvious that Bob and the others didn’t even believe a word of it. Are you kidding me? How could you, a backward country that makes shirts and leather shoes, have such unrealistic ideas? How dare you challenge the automobile industry? That’s an industry
A pearl in the world!
However, if you don’t believe it, then there is no problem with speculation. Wall Street’s wise saying - you are not required to be able to run a business, but you are only required to be able to tell a good story!
"Li, thank you for your detailed explanation. But you should know that we at Goldman Sachs also need risk control. If...I am talking about if you need angel round investment, it will definitely not be from our Goldman Sachs. We are also willing to introduce some to you."
There are investors with strength and background. But is it easy to convince us? It is a bit difficult to convince all those investors. My original suggestion is that you put Qinglong Automobile in the United States, so that it is easier to operate. We also
You can get a higher rate of return.”
Bob's idea is not wrong. To be honest, only in the United States can there be so many big dog owners. And... well! Don't laugh at the IQ of Americans. Americans are indeed better than others in telling stories.
Chinese people are easy to deceive.
Another issue is the return on investment. There is no doubt that the U.S. securities market is the most active market in the world. It is also easy to speculate to a high price. From the perspective of investment banks, it is indeed the most perfect place.
However, this has touched Li Yuan's bottom line - it is absolutely impossible to move Qinglong Automobile overseas!
Let’s not talk about other aspects. The advantage of the whole industry chain and the cheap domestic labor force will be Qinglong Automobile’s two trump cards in the future, and it will be able to lead other companies in the competition.
"Bob, I admit that your statement is correct. But we still have to weigh the pros and cons. If we can open the Chinese market, we can also open the US, European and Japanese markets in the future. Even if it doesn't work, we can at least survive and reach a certain level.
sales volume.”
A person on the side asked: "Li, how are you going to open it? I will point out a shortcoming - it is not as convenient as a gas station, right? How to ensure that it can be charged on the road?"
"Let's start with buses and sports cars! One has a fixed route and mileage, which can ensure that charging is completed. In the other sports car market, users don't care about exceptional expenses."
"Then how much are you prepared to raise?" Kevin on the side also asked.
“Angel round financing ranges from 5% to 10%, raising US$12 million to US$240 billion.”
Hearing the number, Bob and others frowned slightly. To be honest, this number is not high. After all, this is a car factory. There is also the valuation of the moped branch factory. After all, it is tens of millions of dollars.
It's not like other financing projects, which are just a few pieces of paper. After on-site inspection, we can already judge the huge scale of Qinglong Automobile. The Guangneizhou factory covers an area of several square kilometers. Not to mention, there are plans
The Magic City production base in China.
So the valuation of this company is more than 200 million US dollars? If the real construction is successful, it can at least be doubled several times.
But it is impossible to settle accounts like this.
According to the investment habits of investment banks like Goldman Sachs, eggs cannot be put in one basket.
If you want to invest, you must join a group of venture capital investors to jointly invest and bear the risk together. But those venture capital investors are not so easy to talk to. If it is placed in the United States, they will also conduct on-site inspections; if it is placed in China, who knows where it is?
What's going on?
After all, it is several million dollars. It is impossible to blindly invest casually. And most investors still have some kind of prejudice against China.
"Li, the specific number can be discussed later. If it is in the United States, I can agree to it immediately; but you must stay in China, then...?"
"Okay! I found that there is a point of disagreement between us. Let me explain it again..."
"..."
Fortunately, this is the first negotiation, and there is no need to force any results. After a full exchange of views, the two sides temporarily decided to adjourn the meeting...
…
Li Yunyun also listened to the entire negotiation today. After returning home, she finally asked the question in her mind: "Brother, why do you have to put it in China? Aren't you usually very unpatriotic?"
"Haha." Li Yuan pulled Li Lanlan's ponytail, "I'm lazy and I don't like moving to the United States."
"Huh?" Li Lanlan rolled her eyes when she heard such nonsense, "Don't you see that you are lazy? You just know how to bully me?"
"Little girls like you don't understand. You don't understand men's minds at all. Boys are naturally lazy. It's best to follow the same routine every day and don't change anything."
"Huh? Brother, are you talking about yourself? I can't see it? You seem to be busy doing things every day, like you have ADHD. Hahaha!"
"Third aunt, I'm not like Dad. I don't have ADHD. Qiqi is very obedient." Qiqi jumped out and acted like a baby. Li Lanlan hugged him and laughed happily.
Li Yuan laughed and said: "Actually, I don't want to do so many things at all. Why can't I just lie down? Alas -!"
"That's called hypocrisy." Gu Yuqin happily brought a cup of tea, "Lanlan, don't listen to your brother's nonsense. Just like this kid, men are full of energy and can make people worry endlessly."
"Haha, you girls are torturing us. We can only find something to do!"
"Hey, what's wrong with us girls? We never cause trouble!"
This chapter is not over yet, please click on the next page to continue reading! "Haha, cry, make trouble, and hang yourself! Aren't we boys who are lazy and afraid of trouble, and let you succeed?"
"Li Yuan..."
"Hahaha……"
After chatting for a while, the whole family got ready to eat. Zhang Zhen served a casserole full of seafood and tofu stew.
"Mom, why is it tofu again? Are you too partial to me?"
"Stop talking nonsense, there are other options." Zhang Zhen said with a smile, "Yuanyuan, I heard your Uncle Jiang say that the automobile factory seems to be very important to our country. You have worked hard today, eat more to nourish your brain."
Li Yuan chuckled, "My mother still feels sorry for me!"
"How was the negotiation? Was it successful? Will foreigners invest?"
"The horoscope has not been written yet. It has just begun, and there are still many conditions that have not been negotiated."
"Brother, I have a question for you. Why does it have to be kept in China?"
"Didn't Mom just say that? It's just too important. In the future, the electric vehicle market, just like the Internet, will definitely restrict each other. We can only have one market, either domestically or in the United States."
"ah?"
By now, Li Yuan is already riding a tiger. It is impossible to just think about good things and want both ends. And this has been proven in the future. As long as there are important domestic parts, the US tariffs are extremely high, forcing domestic electric car brands to only
Can give up the North American market.
Also, the automobile industry union organization in the United States, which is extremely powerful, is hard to explain. It wants to raise wages at every turn.
But Li Lanlan was still doubtful: "Brother, it's not that exaggerated, right? Why can American cars enter the domestic market?"
"A joint venture brand?"
"Then why can't we go into a joint venture?"
"It's okay. But the cost cannot be controlled. The United States is a unfamiliar place, and the fuel vehicle industry is extremely powerful. We are not natives there. If something unexpected happens, I really don't know how it will end."
"Then don't go." Mom was decisive. Anyway, like most Chinese, she recognized the strength of the United States, but she was also well aware of their dirty tricks.
"Mom, don't listen to me." Li Lanlan was still a little unconvinced, "Now we have to subsidize the automobile factory every month, and the amount is several million. When will this kind of practice end? This is our family.
It’s better to use American money.”
Li Yuan smiled slightly: "I can afford to subsidize this money. Isn't it just tens of millions a year? You don't need to think too much. You will always have enough money to feed and clothe your family."
"That's true." Zhang Zhen nodded cheerfully, "Even if you go bankrupt, our family still has contracted land. Uh, Yuan Yuan, don't tell me, you didn't want to get the Beijing household registration at that time, but you did the right thing.
Woolen cloth."
"Did you pass the exam?" Li Yuan said proudly, "That's my foresight. Only rural hukou will be popular. Haha."
"Pull him down!" Li Lanlan rolled her eyes, "No matter how capable you are, Qiqi will still have no household registration by then."
"Hmm...?" Qiqi looked around in confusion, why did he suddenly mention the baby?
…
After the adjournment, Goldman Sachs should have made a decision, so they began to continue negotiations.
"Li, I really can't do anything to you, you are too stubborn. Okay, okay! Decide like this first, Qinglong Automobile will be placed in your China. But you should know that if this is the case, other investors will not be willing to pay a premium.
Yes. Our angel round can be 10%, but we are only willing to pay 15 million."
Li Yuan sneered at the $15 million.
In the future, the second-rate domestic electric vehicle companies, even if they operate at a loss every year, will still have a valuation of more than 1 billion US dollars. It is estimated that there is 15 million here? The total valuation is 150 million US dollars? This seems a bit too bullying, right?
"Bob, listen to me..."
"Li, I understand your thoughts, but we must also consider the concerns of investors. Let's do this..."
"This won't work. Your price is too low. And your financing plan is too aggressive. I could easily lose control of the company..."
"Li, we recognize your success in parallel line technology. But this is a new cross-industry industry, and it is also in the automotive field. If possible, we certainly hope that many experienced people will join your team. As for the holding
Right? We can guarantee here that we are only supervising your Qinglong Automobile and guaranteeing that it will not affect your operation."
"The value of your Wall Street promise should be negative, right?"
"Hahaha! Then we can sign a strict contract. We can make certain concessions in the angel round, but during the entire financing process, you must sell all this part. Otherwise..."
"Then let me tell you. This is also my bottom line..."
"..."
The two sides once again had huge differences. The key was the dilution of equity.
According to Li Yuan's idea, he just wants to make good use of the advantage of his rebirth. Of course, he must have complete controlling rights in Qinglong Automobile. Therefore, at least in the next twenty years, it is impossible to give up those equity interests.
But for Goldman Sachs, they must seize as much equity as possible. Not to mention other factors, if this electric car factory can really succeed, it will definitely be a high-quality blue chip stock that cannot be grabbed. Since there is an opportunity
If you want more, don't ask for it in vain.
As for the controlling stake? Never mind Bob and the others!
If Li Yuan can hold on to Qinglong Motors, that's his ability. If he can't hold on... there will be many people who can't hold on. Wasn't Apple's Steve Jobs also kicked out of Apple?
Since this involved a huge amount of money, it was impossible for both parties to make concessions, and the result was a fight for every penny.
They argued fiercely for another whole day, and finally... adjourned!
After it was over, as the host, Li Yuan led Bob and others to a banquet in his wild mountain...
"Bob, you're welcome. You can order whatever you like. This restaurant is mine too."
"Really? Then you're welcome. First... General Tso's chicken?"
"?"
"I'll have beef with broccoli."
"?"
"Chicken floss wrapped in lettuce."
"?"
Okay! These guys should all be regular customers of American-style Chinese food. But these famous dishes are really not available here?
"Sorry, Bob, we don't serve these here. The dishes you mentioned were all specially modified to suit your American tastes after Chinese food came to the United States."
To be fair, although this kind of Chinese food has undergone huge improvements, but what about the taste? It's actually quite good. I can't say who is better or worse, it's just a matter of taste.
Bob and the others were also surprised: "Is it true? What do you Chinese people usually eat?"
"Chinese food, of course. Beef, sheep, pigs, chickens and ducks."
"Okay then! You order the food." Bob joked, "Li, your Chinese restaurant must be very low-end. It should have no investment value for us at Goldman Sachs."
Everyone laughed. Li Yuan arranged a set meal straightforwardly, which saved trouble.
"Bob, you're wrong. This restaurant is important to me. And it's a great value."
"Why? Can you tell me the reason?"
"As long as they are dissatisfied with me, they will find this restaurant and stage a collective protest. So the waiters here are all experienced. If someone refuses to make concessions, they will be kicked out soon. Haha."
"Li, don't threaten me. I have already made the biggest concession, and there is no need to talk about anything else."
"Okay then! Let's eat first. I believe we will always find something in common!"
