On the same track, you can naturally know the quality of the track faster than everyone else, and adjust your running speed to adapt to the new environment.

Zhonghua Group has entered new energy vehicles in a big way a few years in advance, and of course it will be more experienced than other manufacturers in this field, and then be able to occupy a dominant position one step ahead.

New energy vehicles are already an unstoppable trend, and the joint statement of the eight international auto giants confirms this, and the question is only when it will become popular.

Before popularization, Han Hao found the key to the card position battle, which was enough to make Zhonghua Group invincible in the fierce competition in the future.

Unlike the three core parts of traditional automobiles, which are the engine, transmission and chassis, new energy vehicles completely subvert the gameplay, and the three major parts become batteries, motors and electronic control systems.

Whoever can take the lead in the new three pieces will be able to win the next new energy vehicle race.

As the first enterprise to explore in the field of new energy vehicles, Zhonghua Group has completed the implementation of BEV, HEV and PHEV, which makes Han Hao understand that one of the key to restricting the development of new energy vehicles is raw materials.

Whether it is the battery, motor and electronic control, the three core components are inseparable from the same thing, that is, rare metals.

First of all, the ternary lithium battery that is widely used at present, which requires the use of cobalt, nickel, and lithium. Secondly, the permanent magnet motor, which can make a qualitative change in new energy vehicles, has become a standard indispensable. Permanent magnet motors need to use rare metals such as neodymium, cobalt, samarium, and dysprosium to achieve the advantages of small size, light weight, high efficiency, and good characteristics. As for the electronic control system, in order to improve the anti-electromagnetic interference of the IGBT module and maintain the stability of the line transmission, materials synthesized from rare metals are used as hardware on a large scale.

Compared with traditional vehicles, new energy vehicles consume at least 5 times more rare metals, and many of them are irreplaceable composite materials.

In the past two years, with the large-scale mass production of new energy vehicles of Zhonghua Group, the annual purchase amount of rare metals has increased year by year, and this figure will be further increased with the growth of sales.

China is the world's main supplier of rare earth resources, with an annual production of 130,000 tons, once accounting for more than 90% of the world's rare earth supply market, and last year's customs statistics showed that the export volume was as high as 40,000 tons (including the amount of illegal smuggling, it should be about 60,000 tons).

There was a rumor that "there is oil in the Middle East and rare earths in China." ”

In the past, China relied on the export of rare earths every year to earn a lot of foreign exchange, which met the needs of developed countries in the United States, Japan and Europe in the field of high-tech material technology.

In fact, China accounts for one-third of the world's rare earth reserves, but it has almost a monopoly on the entire export supply market.

The first reason is that rare earths are non-renewable resources, and other countries have included them in their strategic security reserves, and their own countries do not mine them for the time being, and give priority to the use of high-quality and low-cost rare earth resources from China. Second, China's rare earth mining is extensive, safety and environmental protection measures are not in place, most of them are open-pit small mine excavation, resulting in low cost and price of rare earth in China, and other countries cannot compete with Chinese goods have closed down.

Of course, China has also begun to realize the importance of rare earth resources, and has imposed quota export restrictions on rare earths, for which Japan, the United States and European countries have also put pressure on China to expand exports.

In addition to the main source of cobalt metal (nearly 60% of the supply) in the Democratic Republic of the Congo (DRC), which is needed in large quantities of ternary lithium batteries, the rare metals required by the three major parts of new energy vehicles can be found in China, which gives Zhonghua Group a great home advantage.

It should also be said that the DRC has a good relationship with China, and the older generation of Chinese like Yu Hang responded to the country's call to support Africa, leaving a valuable historical wealth now, so that Chinese companies can smoothly conduct business in Africa.

It is obvious that Han Hao is going to make a big move now, which is to start infiltrating upstream and control rare earth resources related to new energy vehicles.

The supply side of cobalt is mainly not mentioned in Africa for the time being, but various rare metal resources deeply involved in permanent magnet motors can basically be controlled in China.

A foreign analyst once said: "Toyota Prius is the product with the largest use of rare earths on the earth!"

Toyota needs to import a large number of rare metals such as neodymium and lanthanum from China every year to be used in the permanent magnet electromagnetic and on-board batteries of the Prius sedan.

Zhonghua Group can infiltrate and integrate rare earth resources in China, which is something that foreign auto giants such as Toyota, Volkswagen, and General Motors cannot do, just because it is a matter of China's national security.

As long as Zhonghua Group integrates the relevant rare earth resources in hand, it will be invincible in the field of new energy vehicles in the future.

"I believe that in the near future, the title of Prius, the king of rare earth use, will be replaced by our Zhonghua Group products, and being born in China is our biggest core competitiveness!"

As soon as the national support policy was introduced, Han Hao planned to cut into the rare earth resource market and build his own rare earth kingdom.

As long as you look at the price of Chinese rare earths and the large-scale smuggling of rare earths for export, you can know the extent of the chaos in China's rare earth market.

There are nearly 100 large and medium-sized rare earth production enterprises above designated size in the country, and as for the small mines, they are blooming everywhere, causing serious environmental pollution, which is simply a pot of rotten porridge.

Such a chaotic situation has attracted the attention of the state, hoping to merge and reorganize large enterprise groups, control the domestic rare earth enterprises at about 10, and form a large and strong layout.

Fortunately, compared with energy resources such as coal, oil and natural gas, rare earths are more open to private enterprises, and the state has not completely banned market access.

The opponents of Zhonghua Group are obviously monopoly giants such as Chinalco, Minmetals, and Baotou Iron and Steel Co., Ltd., which are still quite stressful for Han Hao.

However, Han Hao does not need to bloom more, but can target the rare earth resources required by new energy vehicles, which can stagger the direct competition with central enterprises to a certain extent.

But to enter the rare earth industry, Han Hao needs a ticket, and acquisition is the most convenient way.

At this time, after analysis and selection, a mainland company listed on H-shares became Han Hao's target.

Luokuang Molybdenum Industry is a manufacturer that mainly produces the rare metal "molybdenum" as the name suggests. Molybdenum is mainly used in steel smelting, and after adding molybdenum, steel can resist corrosion, wear and high temperatures. In addition, molybdenum is also widely used in electronic devices such as electron tubes and ballasts, and is a common material in life.

In 2004, when the local government attracted investment, a private enterprise became the actual controller of CMOC with 200 million yuan of restructuring funds, which was equivalent to the local government's shareholding, and was successfully packaged and listed in Hong Kong after 2007. However, soon affected by the subprime mortgage crisis, coupled with the sharp drop in the price of international raw materials, including molybdenum metal, the company suffered serious losses, and has lost 90% of its market value in the stock market, and is in a moribund state.

The demand for molybdenum metal is limited, so there is no sign of a rebound in the next few years, which makes the controlling party want to sell it.

The subprime mortgage crisis overflowed, taking away the economic bubble and revealing pearls on the beach.

Molybdenum has an H-share financing listing platform, a mining license issued by the state, and a relatively strong team converted from a state-owned enterprise, which is an asset that Han Hao values and can be regarded as a pearl buried in the sand.

The company suffered serious losses, and the actual controller was unable to reinvest, which caused the local government to estranged itself from it, and the two sides continued to have contradictions and conflicts.

The emergence of the Chung Hwa Group can be described as a timely rain for both sides of the conflict, investors can get out of the way, and the local government has a new big man.

Although I don't know what to do with the acquisition of Molybdenum in Luokuang, Han Hao's face is the biggest evidence, and when he appeared in the local area, the local government decided to transfer the control of the company to China's richest man.

"So far, Han has a good investment reputation in China, and the companies he has invested in have basically no negative news, and he is a very high-quality investor.

If the company is handed over to him, we can also sleep peacefully, at least without worrying that no one will come to wipe our butts. ”

At the analysis meeting, a principal official of the local government strongly recommended that the Zhonghua Group take over.

200 million yuan came in and left with 280 million, the investor can be regarded as preserving his strength and calmly withdrawing, at least Han Hao did not strongly reduce the price, but the local government drove them away.

"This is a good ending, if it is really treated as an asset and debt, we will not be able to get the current number.

Originally, we wanted to keep some of the shares, but the local government didn't want to do it. In China, there are only a handful of people who can compete with the richest man in South Korea, and it is not something that can be touched at our level anyway. ”

Although some are unwilling, compared with other peers who are facing the pressure of large-scale mergers and acquisitions of state-owned enterprises, the original investors are out of the game decently.

The local government also sold 30% of the shares in its hands to Han Hao for 320 million yuan, and only 5% of the shares were retained, which made Luokuang Molybdenum implicated in government relations. The company continues to lose money, so that the local government is afraid that it will continue to subsidize in the future, so it simply sells it and cashes out its shares.

In this way, Han Hao spent 600 million yuan to become the majority shareholder of 62% of Molybdenum Holdings, and he has an additional H-share holding company under his name.

When CMOC announced the resumption of trading and Han Hao became the actual controller, there was no change in performance, and the company's stock price immediately rose by 15%, which is the influence of China's richest man.

At the newly convened board meeting, Han Hao announced that Luokuang Molybdenum is ready to change its name to "Huaxia Rare Earth" and enter the rare earth industry related to new energy vehicles in the future, so as to open up the entire industrial chain.

"In addition to integrating domestic related rare earth resources, our company will boldly participate in international mergers and acquisitions in the future and become a rare earth giant across five continents. ”

Han Hao has not forgotten that cobalt metal, a ternary lithium battery, should have rare resources, and the first stop of Huaxia rare earth going to sea must be the Democratic Republic of the Congo (DRC), and controlling the source of materials required for electromagnetic and motor in hand is a move that goes hand in hand.