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Chapter 233 Shanghai Stock Exchange

Before heading to the mainland, Du Yuemei also specifically asked Li Guangyu for instructions on which mainland automobile manufacturing group the Bentley Group mainly cooperates with.

Li Guangyu also investigated the major automobile manufacturing groups in mainland China. The ones suitable for cooperation with the Bentley Group are mainly SAIC and FAW. Although BAIC is located in the capital, it is still a bit unsuitable for cooperation in terms of technical strength and other aspects of its models.

Cooperation with Bentley Group.

Li Guangyu also told Du Yuemei to focus on inspecting SAIC in Shanghai and FAW in Huanglong City, trying to reach an agreement with one of these two groups, and also inspecting BAIC in Beijing.

While Li Guangyu, Du Yuemei and others were discussing the matter of going north, as the first stop of Du Yuemei's inspection, Chen Dong, the first secretary of the Shanghai Municipal Party Committee, specially came to the SAIC Automobile Manufacturing Plant for investigation.

SAIC Secretary Wang Zhiwei and factory director Wu Weihua accompanied Chen Dong to inspect various manufacturing workshops and automobile R&D departments of SAIC.

Chen Dong said at the meeting after the investigation: "We received instructions from the central government in 1978 that our cars can be jointly operated with foreign companies. Although we have been communicating with foreign car companies for more than a year, we currently have

The progress seems not to be ideal.”

As the secretary of SAIC, Wang Zhiwei immediately stood up and said: "Secretary Chen, although our SAIC has not yet reached an agreement with foreign car companies, our communication with the Volkswagen Group in West Germany has been quite smooth. We believe that it will not take long to reach an agreement with Volkswagen."

The group reached a joint venture agreement."

Wu Weihua, director of SAIC, also said: "Secretary Chen, our factory has gone through many rounds of communication with the West German Volkswagen Group, and has reached consensus on some aspects. However, some senior leaders of West German Volkswagen are still unsure about our new policies.

I don’t know much about it, so I’m still a little hesitant now.”

Chen Dong also met several times with senior executives from the Volkswagen Group who came to inspect. Most of them were willing to cooperate with the mainland and were very interested in the mainland market. However, there was still a small group of people who expressed this opinion.

I suspect that as one of the three major automobile groups in West Germany, Volkswagen’s senior management is not absolutely unanimous in their opinions on coming to China.

Chen Dong said: "Tomorrow the President and Vice President of Bentley Group and President of Jaguar Motors will come to our Shanghai city for inspection. Are you prepared accordingly?"

SAIC's leadership is currently thinking of reaching a joint venture agreement with the West German Volkswagen Group as soon as possible and does not care about the Bentley Group's visit.

Wang Zhiwei said: "Secretary Chen, what we approved at that time was only a joint venture with a car company, and the temporary plan is just a production line. We have reached a certain consensus with the Volkswagen Group, so we don't need to care too much about the British Bentley Group."

Chen Dong looked at the senior executives of the SAIC plant present here and saw that they were all deeply convinced. He couldn't help but feel angry. He attached so much importance to them that he even took the time to come to the factory to investigate. This is good, since the factory

One by one, the top executives are clinging to the public. It has been more than a year, and who knows how long this discussion will last.

How could Chen Dong not know more about the Bentley Group when it comes to inspecting it? This automobile group headquartered in England is wholly owned by the richest man in Hong Kong. The reason why he went to the mainland to inspect this time is that he

's instructions.

Thinking about the situation of the person who invested in Pengcheng, Chen Dong was jealous of the speed of company construction. They only negotiated in September last year, and today in March, two production companies were put into operation, and several supporting companies were also led to establish production companies in Pengcheng.

.This year is another new toy company, and we also promise to expand the production company.

As the first secretary of Shanghai, once the largest city in the Far East, Chen Dong also hopes that Shanghai's economy can develop rapidly. Although there are still many policies that cannot be compared with Pengcheng, in terms of existing policies, Shanghai

The city itself must seize the opportunity.

The arrival of the Bentley Group this time is a major opportunity for the Shanghai stock market. As long as the Bentley Group is willing to form a joint venture with SAIC, he believes that at the speed of the Li Group, the first joint venture car with Bentley will roll off the assembly line next year.

Chen Dong said: "Comrades, although we have reached some consensus in the joint venture negotiations with the West German Volkswagen Group, we don't know how long it will take to reach an agreement. Although the Bentley Group is a British company, it is made up of

A group wholly owned by Mr. Li Guangyu of Xiangjiang."

"Mr. Li knows our policies better. In Pengcheng, Li's Pengyu Group already has nearly 10,000 employees working for it. There are also new production companies under construction. Do you want to

Just think about it, if the Bentley Group chooses to cooperate with FAW or BAIC because of our lack of attention. While we are still negotiating with Volkswagen, their cars have already rolled off the assembly line. How would everyone feel?"

After hearing Chen Dong's words, SAIC's senior executives did not answer the call. They were all thinking that if other car manufacturers really got ahead of them, they would lose face.

You know, the introduction of joint ventures was the first one proposed by the Shanghai Stock Exchange. As a result, the pioneers did not build their cars yet, but the joint venture cars that followed behind them rolled off the assembly line first. This only proves that they themselves have failed in their duties.

Wu Weihua, director of SAIC Motor, said: "Secretary Chen, if we reach a joint venture agreement with the Bentley Group, what will happen to the Volkswagen Group? After all, we have communicated many times, and Volkswagen senior management has also visited us several times for inspections."

Chen Dong does not want to give up the Bentley Group to other places. Shanghai's economy needs to develop, and it is for these foreign companies to invest here. It will not only drive the development of Shanghai's economy, but also provide many jobs for Shanghai.

Chen Dong said: "You will give a good reception to Ms. Du Yuemei of the Bentley Group, but I will also communicate with Ms. Du and hope that the Bentley Group can reach cooperation with our SAIC. As for Volkswagen, we should not give up. I will report to the central government.

Strive for permission to build a joint venture production line. At the same time, the arrival of Bentley can also put some pressure on the Volkswagen Group and make them have a greater sense of urgency."

When SAIC executives heard that Chen Dong wanted to win over both companies, they were naturally happy that this would increase SAIC's scale.

Wang Zhiwei said: "Secretary Chen, don't worry, we will hold a factory-wide meeting later to make detailed arrangements for the Bentley Group to come to inspect and strive to keep Bentley in SAIC."

While preparing for the Bentley Group and his delegation here in Shanghai, the first secretary of Jilin Province also came here at the FAW manufacturing plant in Huanglong City.

As for the Bentley Group’s upcoming visit to make relevant arrangements, the Secretary of Ji Province said: “As the big brother, FAW has given SAIC a head start in the joint venture this time. Fortunately, we now have a huge opportunity to overtake. Now SAIC and

The relevant agreement with Volkswagen has not yet been reached. As long as we reach an agreement with the Bentley Group, at the speed of the Lee Group, we can have our joint venture vehicles off the production line in the second half of next year at the latest."

The secretary of FAW promised: "Secretary, you can rest assured that all employees in our factory attach great importance to the arrival of the Bentley Group this time, and we will welcome their arrival with enthusiasm. We will definitely strive to let the Bentley Group choose to cooperate with us at FAW and regain our

Returning our position in the automotive industry."

At the same time, the same words were said at BAIC.

:.:


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