My Fintech Empire

Qin Feng analyzed the issues related to the major car manufacturers with Fang Hong like a treasure trove, and what he said was very systematic. It was not just BYD, but also European cars, Japanese cars, domestic joint venture cars, etc., all of which were systematic. analysis and deep understanding of oneself.

In fact, he is already considered an expert in the industry. To say that he is just a newbie is to be modest.

At the end, Fang Hong smiled and said: "The gameplay you mentioned about BYD can be explained in one sentence. After the iteration of the underlying technology began to slow down, it began to industrialize mature technology products on a large scale, and then sold them at low prices. The cost advantage overwhelms its peers.”

Qin Feng couldn't help but be stunned when he heard this. Although the big boss didn't say much, he hit the point accurately when he spoke, and his words were simple and direct.

After a while, Qin Feng nodded and smiled: "It is indeed such a logic. When the technology is mature, use DOE to quickly iterate to the lowest cost and highest performance-price ratio, infinitely close to the theoretical extreme value, and then use price to crush the peers. If this is a business war The strategy can be called a one-step strategy.”

Qin Feng further added: "If peers do not iterate or iterate slowly, they will lose money if they lower prices. If they do not lower prices, they will be robbed of the market. Compared with the iteration speed, the accumulation of large enterprises with deep foundations will have more advantages, and it will be difficult to compare with the past." . Of course, this can only be done when the technology is mature.”

Hearing Qin Feng's words, Fang Hong couldn't help but recall some memory information from his previous life. Xiaomi's announcement to enter the automotive field was a typical case mentioned by Qin Feng. At that time, Rebus' new car was about to be released. At this juncture, friends and business colleagues came back with a big move and slashed prices.

This operation can be said to have put Rebus and Xiaomi cars on a fire, putting them into an awkward situation where they couldn't advance or retreat. The question before Rebus was whether to go for the market or to make profits.

If you want the market, then follow your friends and colleagues to lower prices. The more you sell, the more you will lose. Cars cost a lot of money. Whether they can withstand it is a big question. Are investors willing to continue blood transfusions for Xiaomi? It's also a big problem.

If you want to make a profit, just don't lower the price. Not only is it a shame, but consumers may not pay for it either.

Obviously, this is what Qin Feng said when peers do not iterate or iterate slowly, they will lose money if they reduce prices. If they do not reduce prices, the market will be robbed, and it is difficult to compare with the iteration speed.

The automobile industry and the smartphone industry are not the same. Xiaomi wants to replicate its successful path in the smartphone industry in this circle. Like a fledgling, it wants to get a share of the big market.

But without the divine power, the virile man descended from the sky, and the blessing of the protagonist's aura, he might really be eaten to the bone, and the money wasted is secondary. If this affects the direction of Xiaomi's progress , maybe this is the beginning of decline.

Comparatively speaking, Bi Yadi, an old martial artist, has been practicing in seclusion for many years, accumulating technology slowly and steadily, and has not been too aggressive to seize the market. It is not that he will not take action, but that he will really conquer Liuhe as soon as he takes action. He wants to be steady and sure. Take it.

Qin Feng's current thinking is roughly the same. Fang Hong also recognizes his understanding and layout of this industry in the past two years. Even though Xingyu Technology has burned astronomical figures of hundreds of billions in two years, there is not even a shadow of a car. You see, but this is practicing inner strength in seclusion.

Xingyu Technology should not be a fool. It knows its own strengths and weaknesses. It started late in the industry, and there is a gap between it and veteran players such as BYD. It has no plans to make radical layouts and eager to seize the market. Xingyu Technology’s It is not easy to build a reputation. Rushing to launch products will damage the brand's reputation and brand name, and the loss will be even greater.

You must know that Xingyu Technology has accumulated brand heritage by relying on its smartphone business. This brand now has a huge amount of traffic. The product launch must be highly anticipated and even attract the attention of everyone. This is a place where new car-making forces cannot compare. .

Qin Feng also knows this, so he can't seek speed for the sake of speed. Learning from the old Jianghu Bi Yadi is the correct way to open the door. Generally, if you don't make a move, you have to make a move that is unusual. Take your time, don't be in a hurry, and play steadily.

Taking your time is the fastest.

But again, just because Qin Feng can play like this doesn't mean that others can too.

The core point is that he has the support of Fang Hong and the support of Qunxing Capital. Not just any person or capital institution can be willing to listen to you and take your time and burn so much money. Other capitals will definitely not be willing or willing. If you are willing, you are more willing to get quick results, tell the story, draw the blueprint, raise the stock price, and then cash out and withdraw.

But Fang Hong is willing to take his time and not pursue short-term benefits. He can also provide Xingyu Technology with a sustained and large-scale financial infusion, allowing Qin Feng to take his time, practice his internal skills, and focus on one thing without flying. Soaring into the sky, it is already a blockbuster without even making a sound.

Xingyu Technology does not have the support of the big daddy of Star Capital, and without Fang Hong’s recognition and patient waiting, Qin Feng will not be able to play.

It is really too expensive, and Xingyu Technology's own profits alone are not enough to cover it, because other businesses still need to develop, and this is not the only business that burns money. The mobile phone business must continue to be developed, VR headsets will be built soon, and longer-term planning for brain-computer terminals is also continuing.

So many money-burning projects are being promoted almost at the same time, and the main business of smartphones is still stuck and cannot be mass-produced. Without the support of Qunxing, the capital chain of Xingyu Technology would have collapsed long ago. , may also face the same ending as Boss Jia and Lexi Automobile who return next week.

It is precisely because of Fang Hong's support and Qunxing Capital as a backing that Qin Feng has no worries and can devote all his energy to practicing internal skills in seclusion.

At this time, Fang Hong looked at Qin Feng and asked: "What kind of path do you plan to take for Xingyu Technology's cars?"

Hearing this, Qin Feng said without hesitation and firmly: "Industrial large model!"

Fang Hong said concisely: "Expand it."

Qin Feng then expanded and said: "Some of Chen Yu's insights from Matrix Quantum have helped me a lot. At the end of last year, we talked privately about the large model, which made us more determined to take this route and build a set of pure visual AI systems that can be quickly transferred from the automotive industry to the robotics industry."

"The industrial large model has more complex dimensional coefficients and more closed data. Once it is successfully cultivated, it is rare for anyone to break it, not to mention the overwhelming force. Its advantage lies in the accurate capture and efficient processing of data, which can provide us with more accurate and timely information, thus helping us make better decisions. "

"The application level can also radiate multiple fields, including automobile manufacturing, new energy, rail transportation, etc. The model can also help us optimize production processes, improve production efficiency, and reduce production costs. In the field of new energy, we can develop more efficient and environmentally friendly new energy products. "

"We are still in the initial stage of establishment, and Chen Yu's Matrix Quantum has also provided key technical support. With the continuous accumulation of data and continuous training of models, and continuous iteration and upgrading, its accuracy and reliability will continue to improve over time. I think this will become one of our core competitiveness in this industry and stand out in the fierce market competition in the future. "

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