Among the many automobile companies around the world, the valuations of most of them are still relatively high, and there is absolutely no value or significance in acquisitions.
Therefore, what Chen Xiao said is right. The automobile companies with acquisition value are only limited to domestic automobile companies in Xia State.
Since the 1990s, Xia's automobile industry has begun to develop rapidly.
Commercial passenger car companies such as Changan and Dongfeng have emerged.
They used hot-selling cars from East and South Korea, Europe, and the United States as their imitation objects, and began to get involved in ordinary commercial fields, not just for centralized procurement by government agencies, enterprises, and institutions.
This kind of imitation has been successful to a certain extent. Although the profits of these automobile companies in Xia Guo are not high and their sales volume cannot be compared with those of Japanese automobile companies, at least they are surviving.
In this reckless era, being able to survive is the top priority for many companies.
Immediately afterwards, Xia Guo's automobile company entered the second stage of development.
Under the leadership of the state, these automobile companies have established joint ventures with well-known overseas automobile companies.
In order to take advantage of Xia's land, labor and other advantages, it became an OEM for overseas automobile companies.
At first, these overseas car companies shipped all the parts to Xia State, and Xia State companies assembled them.
But the cost of automobile production caused by assembly alone remains high.
As domestic automobile companies improved their technology and updated their equipment, Xiaguo Enterprise, a joint venture partner, began to produce some important parts for overseas automobile companies.
Such as the vehicle casing, engine, transmission, etc.
As the technology of Xia Guo Enterprise becomes more and more mature, the cost of joint venture cars has also been greatly reduced.
The joint venture brand gradually replaced the purely imported overseas brands and became the best-selling car brand in the Xiaguo market.
Then after 2013, Xia's domestic automobile companies, not willing to be controlled by others, began the second round of technology explosion.
After absorbing the experience and technology of cooperating with overseas brands in the past 10 or 20 years, they began to find ways to develop and design their own automobile engines, chassis, transmissions, etc.
And a lot of progress has been made.
The most representative ones are Biddy, Chery, Great Wall, Geely, etc.
Xia's automobile market has also evolved from a blue ocean market to a red ocean market.
The winners get most of the market dividends, while those at the bottom struggle to survive.
Wang Xiang and related teams analyzed the operating conditions of these companies in detail.
I concluded that the one I wanted to cooperate with the most was Biddy Automobile.
But because Biddy Auto has invested relatively heavily in self-research and development, and is simultaneously working on fuel vehicles and new energy vehicles, it has more technologies.
Therefore, their tastes are not small, and they may not be satisfied with cooperating with Changtian Technology and obtaining certain funds.
But all guesses are just guesses.
Wang Xiang first excluded other automobile companies and took the initiative to contact Biddy.
There are three solutions provided by Changtian Technology.
The first is to provide a certain amount of funds to directly purchase the technology patents Changtian Technology needs.
In fact, the technology patents involved are not Biddy’s core technology patents.
For example, the chassis of the car, the production of the entire vehicle, the space utilization of the car, etc.
Changtian Technology is willing to purchase it, not to use it directly, but to further improve and modify it on the basis of Biddy Automobile.
The purpose of this is to save time, just like downloading a paper from the Internet to revise it, the time spent is much less than the time you spend thinking about writing the paper yourself.
The purpose of Changtian Technology is also very simple, which is to save time.
The second cooperation plan is for Changtian Technology to invest a huge amount of money to acquire part of Biddy's shares.
After acquiring the shares, Biddy will be able to share automotive technology with Changtian Technology.
Wang Xiang reported this plan to Chen Xiao and received Chen Xiao's approval.
The reason why Chen Xiao recognized it was because he was reborn, and he had seen Biddy's ability to innovate himself, as well as his soaring stock price.
If Biddy can be bound to Changtian Technology's chariot, it will be a win-win situation for both parties.
But it is a pity that Biddy Auto directly rejected these two plans from Changtian Technology without even thinking about it.
Inside Biddy Auto, when the senior executives were meeting to discuss the two plans proposed by Changtian Technology, the entire conference room was also discussing.
Everyone was dismissive of Changtian Technology's cooperation plan, thinking that Changtian Technology was shamelessly freeloading.
The reason why Biddy Auto has this idea is based on two reasons.
One is the s6, s7 and Biddy F series they launched, which have become best-selling models in the domestic automobile industry.
Of course, the production technology of these best-selling models cannot be sold. What if others copy it and produce it?
The senior management of Biddy Motors actually didn't think about theirs at this time, and many of them were copied from others.
For example, the F3 is actually a Toyota Corolla.
The second reason is that Buffett significantly increased his holdings of Biddy Auto shares in 2008.
From 2008 to 2015, Buffett increased his holdings several times in a row.
Therefore, Biddy Auto is not short of money at all, and there is no need for Changtian Technology's cash and its equity investment.
"We don't know why Changtian Technology is suddenly interested in cars, but we absolutely cannot let Changtian Technology take advantage of us."
"Changtian Technology may just want to package our cars and sell them under the name of their group company. After all, Changtian Technology is more famous and more in line with the image of young consumers, but I don't agree with sacrificing the company.
Do this for your own benefit."
After some discussions among the company's senior management, Biddy Auto's senior management unanimously voted to reject the two cooperation plans proposed by Changtian Technology.
Everyone said almost in unison:
"We are not short of money, so we don't need you to provide blood transfusions."
So Biddy Auto responded directly to Changtian Technology.
After Wang Xiang informed Chen Xiao of this situation, Chen Xiao could only let out a long sigh.
Very few people in this world have a God's perspective, and those who can see the next two moves are masters.
Although Biddy Auto is a master, he cannot see the future of Root.
As long as Changtian Technology's neuron computing group and bio-battery fully mature, these so-called new energy vehicles currently on the market will definitely be swept into the garbage heap of history along with fuel vehicles.
Seeing that there was no way to cooperate with Biddy Auto, Wang Xiang quickly looked for the second and third alternatives.
Find cooperation between Hongqi and Chery, a domestic automobile brand with independent innovative technology.
Although there are many domestic car brands, there are not many that have their own innovations in the technical capabilities required by Changtian Technology and meet the requirements.
For example, Zotye Motors, which was relatively popular during this period.
Even Zotye, the CEO of Porsche, shook his head when he came to see it, and Changtian Technology has no intention of cooperating with it.
Because except for the car body, it is designed by itself (copied), and everything inside, including the vehicle system, transmission, and engine, is purchased from other cars.
It makes no sense at all for this kind of cooperation between car companies.
The final answer left Wang Xiang speechless.
Neither Hongqi nor Chery are willing to sell some of their patented technologies to Changtian Technology.
Chery said that all its engine and transmission technologies are developed by itself. If it sells its core technology to you, what else will Chery do?
Hongqi actually had a tough time in 2015.
The first is the stagnation of sales lines for the high-end models it built for special occasions.
Then, I couldn't let go of my dignity and couldn't sink into the ordinary business market.
This has led to extremely low annual sales of Hongqi Motors and losses every year.
But even so, Hongqi still rejected Changtian Technology’s cooperation invitation.
The reason is that these high-quality cars we build are not aimed at ordinary consumers.
At the brand’s high-level meeting, there was also the following discussion.
"We absolutely cannot please ordinary consumers with that little money, as this will damage the value of our brand."
"Every car we buy is a gold-medal premium car, and all the technologies are independently developed and produced by combining overseas automotive technologies. These are our hard work and must not be sold at a low price."
After hearing such a reply, Chen Xiao could only hehe.
Are all the technologies of this brand of cars developed by themselves?
Of course not. In fact, many production lines of Hongqi Motors and Mazda are shared.
Otherwise, why would it have such a reputation as Xia Guo Mazda?
If you think about this kind of thing carefully, you can still understand it.
2015 is the best era for domestically produced cars. In this era, domestically produced cars have been accepted and recognized by consumers.
In this era, if you want to cooperate with the domestic automobile camp and obtain the so-called independently developed technology in their hands, it is very difficult.
If we don't offer sky-high prices, cooperation between the two parties is basically impossible.
This feeling is like a child who is born sensible and enters kindergarten.
Every child’s ideal is that if they want to be a scientist, they will definitely succeed.
Everyone has never thought that success is a minority after all, and ordinaryness is everyday life.
After several rounds of elimination, domestically produced cars will be able to survive in the next 10 to 20 years, but in fact the number will not be large.
But at least so far, these domestic companies believe that they can not only survive, but also become kings.
After receiving Wang Xiang's reporting materials.
Chen Xiao also figured it out.
The development of anything requires certain opportunities.
If Changtian Technology intends to acquire these domestically produced cars, it will be in 2019 or 2020.
So many domestic automobile companies must not even negotiate the price. They go directly to Yangtze Technology and sign the cooperation agreement, and even make big concessions in terms of price.
Because after 2019, the environment for the entire domestic automobile industry has become very bad.
Except for a very few brands that are winner-take-all, most brands have trouble even making ends meet.
But this is not 2019, but 2015.
This is the year 2015 when everyone feels that they will definitely become the king.
Since there was no way to reach cooperation, Chen Xiao simply stopped looking.
In order to maintain confidentiality, Chen Xiao did not let Changtian Technology Group set up a separate relevant automobile R&D, production and sales company.
Instead, an automotive business group was established under New Energy Corporation.
There are many departments under the new energy vehicle business group.
These departments will work separately to develop Changtian Technology's own car chassis, body space layout, etc.
Of course, the most important technology is the comfort performance of the car's chassis and motor.
When Chen Xiao does something, he always either doesn't do it or does it the best.
The establishment of the new energy vehicle business group this time is, of course, to make the industry better.
The business organization has been set up there, and now it is about solving people's problems.
After all, only talents can create value.
Chen Xiao's policy is actually very simple and crude.
Or we can directly recruit talents from our friends. The price offered by Changtian Technology is something that many of our friends cannot afford.
Through third-party headhunting companies, some automobile manufacturers in Xia State, and even a technical team, were poached, and after several twists and turns, they came to Changtian Technology.
This is to cultivate talents yourself.
Changtian Technology has indeed recruited a group of technical elites from universities through high-tech school recruitment and other methods.
These technical elites will join the new energy vehicle business group under Easy Energy Company and begin to tackle the automobile production and manufacturing technologies needed by Changtian Technology.
This cycle may be very slow, ranging from one or two years to several years or even decades.
But if something can really be created, the time it takes to work is much longer than the research and development time, and the value generated is also much higher than Changtian Technology's acquisition of technology from other companies for improvement.
The moment Chen Xiao decided to establish a new energy vehicle business group at Galaxy Energy Company, it foreshadowed the death of many domestic automobile industries in Xia State in the next few years.
There is no regret medicine in this world, and the same is true for people, things, and the development of a company.
Chen Xiao did everything calmly.
There are even students from some colleges and universities who applied for jobs at Changtian Technology, but they still don’t know what kind of job they are doing.
Just when Changtian Technology was intensively deploying new energy vehicles.
Many technology companies in the West are still struggling with the fact that the capabilities and sales of the Hanhai 2 mobile phone are really terrible, and they are trying to find ways to deal with it.
And from the National Biological Experimental Center of the United States and the Fort Detrick Biological Experimental Center, a very important news came.
After repeated experiments and explorations in the laboratory (of course, after sacrificing countless consumables (volunteers)), we finally found some ways to kill the combined colonies, a virus and bacteria that can make the combined colonies lose their functions.
Mixture.
And this method can also spread through air and water sources.
The decision now lies in the hands of American laboratories.