My Age of Investment

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"Oh, I bought it!"

Aikeson's mouth was so big that he could swallow an egg. No matter how much he used his imagination, he couldn't connect Wuling with a price of one hundred thousand dollars and a Wuling with a price of several thousand dollars.

Chinese Tesla?

The entire car is worth less than the battery pack.

He felt that Xia Jingxing was lying to him, and he already had evidence.

"Darren, this joke is not funny at all. It is difficult for Wuling to become a new energy vehicle. They don't even have a thorough understanding of fuel vehicle technology, and they want to introduce our GM car technology."

Xia Jingxing nodded lightly, "I know this, that's why I said it's a big deal.

I plan to invest 30 billion yuan in the future to develop new energy vehicles in China.

China’s demand for cars is so huge and its oil reserves are small, so electric cars are in great need..."

Exxon listened patiently. After listening, he had nothing to say except scolding the United States.

In order to realize an illusory new energy vehicle dream, the other party directly invested four to five billion US dollars.

He believed that Xia Jingxing could afford such a large sum of money, but the key point was that it wasn't worth it!

SAIC-GM-Wuling's annual net profit is only more than one billion yuan, and it will take 20 years to earn back the investment of 30 billion yuan.

And after Wuling transforms into new energy vehicles, will it still be as popular as it is now? Can it still be sold so cheaply?

Tesla in China is afraid that it will be dragged down by costs.

As for Tesla in the United States, it is currently a gimmick that outweighs its actual significance. The marketing is quite good, but it has not sold many cars.

"Darren, I respect your dream of "China Tesla", but I don't recommend you to experiment with Wuling.

It is one of the few excellent car brands in China and should not be taken at risk.

And I believe that Guangxi Province and the Shanghai Municipal Government-owned Assets Supervision and Administration Commission will not accompany you to take such a risk. "

Exon looked straight at Xia Jingxing, "GM won't support you either! I suggest you just start from scratch with Fuxing Motors. Isn't that the same with Tesla?"

Xia Jingxing smiled and said, "Thank you for your suggestion! But you guessed wrong. Gui Province and Magic City are both cities with dreams. They are still willing to accompany me to go crazy..."

When Xia Jingxing said that the other two shareholders had decided to sell their shares to Fuxing Motors, Exxon was very angry.

"This is a breach of contract! As a shareholder of the company, GM has the right of first refusal!"

Xia Jingxing waved his hand, "Mr. Exon, don't be angry yet, isn't it still sold?

I invite you to come to the magic city because I hope you can achieve "adult beauty".

If GM is unwilling to sell its equity, it doesn't matter. You and I will continue to have a good cooperative relationship and work together to build China's Tesla. "

The corners of Exxon's mouth twitched. Who wants to cooperate with you to build China's Tesla?

He finally understood that Xia Jingxing had evil intentions. If GM didn't sell shares to Fuxing Motor, he would drag GM into the bottomless pit of new energy vehicles.

In the 1990s, GM encountered pitfalls in new energy vehicles. It could be said that it was bitten by snakes over and over again. It was afraid of ropes for ten years and no longer dared to invest randomly.

What's more, GM is now overburdened with debt and will soon declare bankruptcy, let alone agree to invest in new energy vehicles.

GM doesn't have the strength to accompany Xia Jingxing to go crazy!

But for Xia Jingxing's plan to succeed, there must be a prerequisite, which is for Guizhou Province and the Shanghai Municipal Government-owned Assets Supervision and Administration Commission to sell their shares to Fuxing Motors.

Thinking of this, Exxon said: "Darren, are you so sure that GM has no way to acquire Wuling?

Although GM is encountering difficulties now, I believe that creditors will definitely support our acquisition of a Chinese car company with unlimited potential, which will be beneficial to us in getting rid of debt and re-listing in the future. "

Xia Jingxing smiled and nodded. How could he not understand that hyping the concept of China and deceiving creditors into debt-for-equity swaps were all Wall Street's specialties.

Exxon in front of him is a master of capital operations. He once served as general manager and head of global acquisitions business of Carlyle Group, and managed more than US$50 billion in assets worldwide.

It is precisely because of its impressive performance in the past that it was favored by the U.S. Treasury Department, GM's largest creditor, and was elected to GM's board of directors. Soon he will officially take over GM as chairman and CEO, responsible for leading GM out of the quagmire. .

Xia Jingxing said calmly: "But you are foreign investors, and your shareholding ratio cannot exceed 50%."

Exon was speechless, and then fell into deep thought.

Xia Jingxing was talking about the "Automotive Industry Policy" released in 1994, which set a limit of 50% on the shareholding ratio of foreign-funded enterprises.

This is also the so-called "open market for technology."

If there are no restrictions and foreign car companies are allowed to enter the domestic market at will, domestic car companies will collectively die before they can grow up.

Just like the limited opening of banking, insurance and other financial industries to foreign investment, this is also a policy to protect the domestic automobile industry.

With the deepening reform of the automobile industry, restrictions on the shareholding ratio of foreign new energy vehicle companies will not be lifted until Tesla enters China in 2018. As for ordinary passenger cars, it may have to wait a few more years.

Xia Jingxing kept a faint smile on his face. This policy was his magic weapon to control Exxon and GM.

No matter what GM does, it will not be able to control SAIC-GM-Wuling. Once Fuxing Motor takes over, it will have no choice but to follow one path and go to hell.

Either jump off the bus now or jump off the bus in the future, there is no other choice.

Exon felt extremely depressed because he was really caught by Xia Jingxing's words.

"Darren, Wuling needs our car technology very much. They have always wanted to build their own car."

Exxon feels that he has no heavy weight in his hands and can only talk about technology transfer.

“It doesn’t have to be a Buick Excelle. Doesn’t Tesla just design its own sedan?

As long as the investment is in place, none of this is a problem. "

Exon frowned. Xia Jingxing was not like the civil servants in Guizhou Province. He didn't accept his behavior at all!

And the other party was right. As long as the money is available, why not buy some second-hand outdated technology?

"Mr. Ackerson, by selling the shares to Fuxing Motors, we can give GM a satisfactory offer. This money will be a very valuable amount of cash for GM in trouble.

At the same time, creditors will definitely give you more time to restructure your debt after realizing the inherent value of GM. "

Exon remained silent. He felt uncomfortable being manipulated and wanted to express his dissatisfaction in this way.

As if he didn't see the old man's ugly expression, Xia Jingxing continued: "For GM's unnecessary technologies and assets, Fuxing Auto and even Vision Capital can help take over some of them to relieve your debt pressure."

"Maybe this is your real purpose, right? You want GM to sell you the Buick Excelle's car technology after selling its shares!"

Exon looked at Xia Jingxing coldly, and he finally understood how shameless the other party was.

It's not just about forcing GM to sell its shares. It also wants to get the GM technology that Guizhou and Wuling are interested in.

“This is a win-win situation for both of us, and it’s useless for you to keep it anyway.

Of course, forget it if you don't want to sell. I'll go to Europe to have a look. Someone should be interested in this kind of transaction. "

Ackerson sneered: "SAIC-GM-Wuling's factories, production lines and even automobile development processes are established in accordance with GM standards. Buick Excelle's technology can be used there, but is it possible to acquire the technology of other car companies?"

Xia Jingxing smiled and nodded, "It makes sense, but GM will no longer cooperate with Wuling in the future. It may be inappropriate to continue to produce cars according to your standards."

Exxon felt helpless at Xia Jingxing's unrestrained behavior.

He sighed in his heart and said: "Darren, GM and SAIC-GM-Wuling have always maintained a good cooperative relationship with you.

Even if GM withdraws from Wuling as a shareholder, I think there is still a lot of room for cooperation between us. "

Xia Jingxing smiled. The old guy finally recognized the reality. What he said was not in vain.

At this stage, it is not convenient for Wuling to transform into new energy sources, and it will take a few more years to build fuel vehicles.

So just building mini-cars is a bit of a waste of resources, and you have to build two sedans, so it's just a matter of practice.

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