Chapter 417 Investing In New Energy Vehicles
Chapter 417 Investing In New Energy Vehicles
"Let's go, let's go to the hotel to eat and chat."
Not staying at the police station for a long time, Chu Mingchen called Qin Lie and went to the hotel together.
After eating, Chu Mingchen told him the main purpose of his visit to Magic Capital this time: to invest in a new energy company and a car company.
In fact, Qin Lie has been researching new investment directions recently, and new energy vehicles are a project he focuses on.
After all, new energy vehicles are the future development direction. With their many advantages such as environmental protection and energy saving, they are destined to replace traditional vehicles in the near future, and the development prospects are quite broad.
Chu Mingchen did not regard Qin Lie as an outsider, so when he heard that he was also interested in this project, he even took him to Weitian Automobile, a new energy vehicle company headquartered in Modu.
Weitian Automobile is an anomaly in the new energy automobile industry. It should have been five years since its establishment, but it has always been quite low-key. It has never been the same as other peers, making news all day long. little understanding.
There is a more important reason why Weitian Automobile is not famous, that is, the net loss of Weitian Automobile is estimated to be 18 billion in the past five years, but not even a single car has been mass-produced, and not a single car has been sold. Go out, so that even many investors have given up hope for it.
Because Chu Mingchen's identity is extraordinary, after they arrived at Weitian Automobile headquarters, chairman Xu Aolin personally received him.
Xu Aolin first gave them a brief introduction to Weitian Auto's development plan and various advantages it currently possesses, and then took them to visit the production line independently developed by Weitian Auto.
After returning to the headquarters, Xu Aolin started an incentive negotiation with Chu Mingchen on investment matters.
Qin Lie acted as a bystander and didn't say a word.
"Mr. Xu, I have made it very clear. If you want me to invest, we must make our Chu family the controlling shareholder of Weitian Auto. Otherwise, I don't think we need to waste any more time."
Chu Mingchen, who didn't want to waste any more time, said bluntly.
At this time, he was showing his sharp edge, and his whole body revealed the domineering aura of the children of the big family.
Hearing this, Xu Aolin couldn't help but show a struggle.
In order to create Weitian Automobile, he paid a lot of hard work, and now he is really unwilling to hand over control to others.
But if they don't give up control, they won't be able to pull in investment, and if they don't have funds for blood transfusion, they can only wait to die.
After some intense ideological struggle, Xu Aolin finally made a difficult decision.
"Chu Shao, I can give you the control, but your investment just now is too small, our Weitian Auto is currently valued at 28 billion, if you want to get 51% of the equity, at least It takes 14 billion to pay."
Xu Aolin replied in a deep voice.
It is impossible for him to hold the controlling rights in his own hands anymore, but before transferring this right, he must strive for the best interests for the company as much as possible.
"Mr. Xu, we all understand people. You and I both know how big the so-called valuation moisture is. If the moisture content is deducted, if your current total value reaches 15 billion, it is already a high incense burner. "
Chu Mingchen said sharply.
"Besides, now your Weitian account is out of money for a long time, and it is a miracle that you can survive until now. Now there are two paths in front of you. One, sell yourself and go together, and two, file for bankruptcy."
"As far as I know, no one in other new energy vehicles has the financial resources to buy your company. As for the other wealthy investment companies, they have already selected their investment targets, and no one will risk betting on your company. An uncertain future."
"By the way, if I remember correctly, your biggest investor, Sequoia Capital, should have already prepared to divest, right? This will definitely make things worse for you. If you can't get any more investment, there is only a dead end."
"So, I think President Xu can carefully consider my conditions just now, and don't ruin the future of the entire company just because of impulsiveness."
Before Chu Mingchen came, he had already thoroughly investigated Weitian Auto's bottom line, and he had enough bargaining chips to negotiate with Xu Aolin.
Stepping back 10,000 steps, even if the negotiation fails, the big deal is that he will give up entering the new energy vehicle industry. Anyway, it will not cause them any loss at all.
After hearing Chu Mingchen's words, Xu Aolin fell silent again.
He knew very well that every word Chu Mingchen said was the truth.
Although Weitian currently claims that there are still one billion funds for research and development, it is just a lie to maintain internal stability. In fact, there are only a few million left in the account, and their company is almost on the verge of bankruptcy!
And Chu Mingchen was his last straw.
If he can't get money from Chu Mingchen, the company will be doomed, and his years of hard work will be in vain.
"Young Master Chu, add some more. Eight billion. I will give you fifty-one shares. Seven billion is really too little. You are simply taking advantage of the fire."
Xu Aolin smiled bitterly and discussed with Chu Mingchen.
"Mr. Xu, what you said is wrong. I should be giving help in the snow, how can it be called robbery? You should be very clear, not to mention seven billion, now other investors are afraid that even seven hundred million will not pay. ."
"Besides, we are doing business, not playing a family. Seven billion is the limit I can give. If there is more, I can only say sorry."
Chu Mingchen was sure that Xu Aolin had no choice, so he did not make any concessions.
"Alright then, I agree to your terms."
After another difficult decision, Xu Aolin chose to compromise.
Although doing so will lose control of the company, at least it can ensure that the company will not go bankrupt and close down, and he still has the opportunity to display his ambitions.
"That's right, I believe that President Xu will definitely be glad you made a wise choice in the future."
Chu Mingchen said with a smile.
He was not at all surprised by the result.
"Young Master Chu, I have no other requirements. I just hope that you can keep your promise and don't kick me out of the game after taking control of Weitian. At least don't let me leave Weitian after Weitian really grows up."
Xu Aolin said bitterly.
It is not uncommon for the founder to be kicked out after the company changes the actual controller, and he does not want to be one of them.
"You can rest assured. Our Chu family has always liked to hide behind the scenes. As long as you can ensure that the company makes money, you can always be in charge of the company's operation and management in the future, and the original team does not need to make any changes."
Chu Mingchen smiled slightly.
The Chu family has invested in many companies over the years, and the founders of the companies will basically become their family's spokespersons on the bright side, while the Chu family will hide behind the scenes and control everything.
Because of this, the Chu family has long become a behemoth, but many ordinary people have never even heard of it.
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