Chapter 212: Another joint venture
"I made one dollar on the surface, but I actually lost two dollars secretly!"
Yin Qingxun, who received Han Hao's instructions to sell his equity again, as the financial housekeeper of the richest man, every dollar of stock sold is equivalent to a knife in his arm.
The stock market has already smelled the exhalation of a wild bull, and the arrival of China's bull market is inevitable.
As soon as everyone warmed up and was ready to rush up, you had to lose weight and run back, which is simply a fool to let the mountain of gold not flow into the ditch.
I wanted to transfer the equity to institutional investors, but I didn't expect the bull market to come, and the majority of retail investors were very keen to buy the stocks of China Group.
The world's largest car sales, coupled with the blessing of the world's richest man, is more reliable than any financial report for shareholders who are keen on concepts.
When the aunts who went out to buy vegetables asked which stock was worth buying, coupled with the huge number of people born in the 80s and 90s who began to step into the financial journey under the influence of the new wave of Internet finance, hot money poured into the stock market, and the bull market was so unexpected.
Obviously, major shareholders are constantly reducing their holdings, but stock prices are continuing to rise. As the pillars of Han Hao's business empire, the total market value of Zhonghua Automobile and Huaxia Automobile has moved towards 150 billion US dollars, approaching the old king Toyota.
"Every share of China Auto stock you buy actually contributes to China's Industry 4.0 strategy. ”
Although he didn't understand it very well, this did not prevent Yin Qingxun from faithfully implementing Han Hao's arrangement, and he could not block his complaining mouth.
According to his arrangement, Han Hao can increase his net worth by at least 30% with the help of this bull market, which is enough to be proud of the world's richest list.
But if the equity is sold now, Han Hao's net worth will shrink by at least 20%, and his control over the company will be weakened.
Some of the investments in the richest man in the boss, such as lithography machines and aero engines, according to the layout of the global industrial division of labor, the core technologies are in the hands of a very small number of developed countries, and large-scale investment basically does not return and the results are not much. In these key areas, if there is no national intervention, the strength of the richest man alone is basically useless as a car.
"If I fail, it's equivalent to doing public welfare activities, if even I don't do industry, then other people won't invest.
As the saying goes, time is money!
Time is much more expensive than money these days. Money can buy time, and I actually earned it. ”
Han Hao has already identified his own direction, industry to save the country, firm confidence and unwavering.
The reduction from nearly 50% to 35% is still enough for Han Hao to maintain control of the two core companies.
Taking advantage of the rising bull market, China's science and technology innovation board, which has attracted much attention, has finally landed. It took only 180 days from preparation to opening, which reflects the real Chinese speed.
There is no doubt that the Science and Technology Innovation Board is to provide direct financing channels for scientific and technological innovation enterprises, which is to create a Chinese version of the NASDAQ.
As one of the unicorns of scientific and technological innovation enterprises in Chinese mainland, ATL, which focuses on the research and development and production of new energy batteries, belongs to the invisible giant.
Relying on Chunghwa Group's huge electric two-wheeler business, ATL provides tens of millions of new energy batteries to consumers every year, and the cruising range is refreshed year by year. In addition, the new energy buses running in major cities are equipped with ATL's lithium battery modules.
It can be said that ATL has long been with consumers and has been accompanying them on their travels.
Not to mention, ATL is also the supplier of lithium battery packs for Chunghwa Group and Tesla's pure electric vehicles, far ahead of Panasonic and LG, the two traditional battery giants.
In order to ensure the safety of the battery supply chain, Tesla also took this opportunity to take a stake in ATL, becoming the second largest shareholder worthy of the name.
Tesla's stock price is growing in the U.S., which gives Tesla the opportunity to raise funds through a bond issue. They raised $1.5 billion in the market, half of which was used to develop the Model 3, a small electric sedan, and the remaining half was used to take a stake in ATL.
According to the high price of Tesla cars, batteries account for about 30%, which is a large cost. With the advancement of technology, the cost of batteries is expected to further decline, and the shareholding of suppliers is expected to open up the industrial chain.
As a hot future star, ATL's public listing has naturally attracted many institutional investors, and the number of strategic investors participating in the subscription is directly full. It is important to know that the Science and Technology Innovation Board stipulates that strategic investors are limited to the number of shares issued, and the maximum number of strategic investors cannot exceed 30, and they must also hold shares for 12 months. In the list of strategic investment shareholders, the major domestic veteran funds are on the list, and there are many national teams.
As the first company to be listed on the STAR Market, ATL is also the first listed company in Chinese mainland with weighted voting rights, with Class A voting 5 per share and Class B voting only 1 vote.
Although Han Hao only retains 30% of the equity, it is basically Class A shares, with 70% of the voting rights, which is enough to fully control the board of directors.
Tesla, on the other hand, holds 10% of the shares, but only accounts for some Class A shares, with only 15% of the voting rights.
As for other strategic investors, they basically obtained Class B shares, with a shareholding ratio of 25%, mainly financial investment, and could not participate in the daily operation of the company.
Except for the 2% held by ATL's management and core technical personnel, the remaining 28% of the shares are all listed and circulated, and there is no lock-up period. The issue price is 14 yuan per share, a total of 1 billion shares have been issued, 14 billion yuan has been raised, and the initial total market value of the listing is as high as 50 billion.
“3——2——1!”
"Bang dang!"
With Han Hao and Musk striking the gong together, ATL was officially listed, which also marked the opening of China's science and technology innovation board.
Since there was no limit on the price limit 5 days before listing, ATL's share price rose by 44% on the first day, and the total market value rose to 70 billion yuan. Among the management and core technical personnel of ATL alone, there are more than 300 millionaires, and hundreds of thousands of assets have benefited thousands of people.
As a representative of the Silicon Valley industry, Musk was happily invited to come to China to ring the gong, and his trip had another important purpose.
As we all know, China is now the world's largest car market, and whoever can gain a foothold here will survive the fierce competition.
Tesla is a hot seller in the United States, but it has yet to sell a single car in China because it has not yet entered the Chinese market.
Musk's visit to China this time is to urge the Chinese branch to open as soon as possible, and he intends to deliver the first batch of Model S sedans to Chinese consumers by the end of the year.
The Model S embodies cool and trendy culture and is sought after by many Chinese consumers. The high selling price of nearly a million did not stop them from becoming the first to eat crabs.
However, setting up a branch in China to sell Tesla cars is only Musk's first step, and he has a long-term plan.
"Han, we have a good time working together in the United States, and the California factory can produce two electric vehicles on the same line. Now in China, it's your home turf.
According to your Chinese laws, foreign car manufacturers entering China must choose a joint venture partner before they can land. Obviously, you and I are the best joint venture partners!
Two days ago, when I met with the high-level officials of the Chinese government, I expressed the view of the joint venture factory, and they welcomed it!"
The real purpose of Musk's trip is to build a joint venture with Zhonghua Group to build a factory in China to produce Tesla cars.
According to his estimates, if it is produced in China, Tesla can reduce production costs by 40%, and in the future, it can directly export its cars to the world.
The Model S, which sells for nearly one million, is popular, but this does not mean that it can enter thousands of households. Musk's ultimate goal is to replace the status of existing fuel vehicles with electric vehicles, and to ensure the sales of tens of millions of vehicles every year.
According to the current reality, electric vehicles can only be a big toy for cruising in the city, and they are not capable of long-distance travel and various complex road conditions.
The slogan of annual sales of tens of millions of vehicles was shouted, just like he kept saying that he wanted to land on Mars, Musk was regarded by the media as a technical maniac who blows cannons.
He believes that as long as the price of pure electric vehicles can be reduced to the same level as gasoline vehicles, then the million-level sales will be within reach.
With the huge production capacity of Zhonghua Group, coupled with China's low population and tax incentives, as well as local procurement of ATL batteries and rare earth motors, it is entirely possible to further reduce the cost of Tesla cars.
Han Hao was prepared for Tesla's request for a joint venture, but he didn't expect it to be so fast.
You must know that although the Model S is popular, it sells only 20,000 units a year, and in 2014 Musk set a goal of selling 40,000 units worldwide.
It is expected that the Chinese market can absorb 10,000 units per year, which is too expensive for building a local plant.
"I have no objection to the joint venture, in the eyes of outsiders, we have long been partners. But are you overly optimistic about the Chinese market?"
If you want to recoup the cost of building a factory in China, the annual sales volume must reach at least 60,000 units in the local area to recover the cost, otherwise the construction cost of up to 20 billion yuan will be a large amount of interest.
"You Chinese are very rich, they have an unparalleled love for Tesla, Tesla's future is in China! I have decided, immediately build a joint venture with your China Group, stock market investors will agree with my choice." ”
A joint venture with the Chunghwa Group can greatly reduce the cost of building a gigafactory, and Musk estimates that he only needs to raise another $1 billion to start this big project, which is enough to share half of the cost of the joint venture.
China's new car-making forces have advertised that they want to build China's Tesla, but they didn't expect that as soon as the company was built, the real Tesla was killed at the door.
If the production of electric vehicles in the Gigafactory can be co-located with Tesla, it will also enhance the influence of the brand for Zhonghua Group, which is a good thing.
The lack is that the Chinese government has finally made up its mind to make efforts in the field of new energy to overtake in corners, and has provided a large number of subsidies to attract new car-making forces to enter the market. As soon as there were some results, it attracted the great white shark that smelled like Tesla.
If the news of the joint venture between the two sides is announced, it is estimated that many people will criticize Han Hao for luring the wolf into the house and stifling China's new energy vehicle industry.
In this regard, Han Hao has his own considerations in his heart.
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