After a long period of planning, a group of international financial tycoons launched an attack on Thailand's foreign exchange market, and in January they began to gradually buy US dollars and sell Thai baht, forcing the Thai baht to depreciate, and a financial crisis that swept across Asia began. Pen Fun Pavilion wWw. ｂiquge。 ｉｎfo

After more than 10 years of continuous development, the Asian countries and regions represented by the four economic tigers have been economically prosperous and have made achievements that have amazed the world, but there are also many financial bubbles in them. Thailand, which is known as the pioneer of financial reform in Asia, has benefited from loose foreign exchange controls and monetary policies, foreign capital has poured in, the stock market has soared, and the purchasing power of the Thai baht has risen sharply. It's a pity that under the surface of singing and dancing, a catastrophe is coming, and most people's hard work for more than ten years is facing burning.

The crisis will cause world economic turmoil that will last for several years, causing problems for China's exports, but it will also give China great opportunities. The foreign economy is not good, and the exported goods cannot be sold for a while, which affects China's foreign export trade. However, at a time when other Asian countries are suffering from economic turmoil and political instability, a stable and open China has attracted more foreign capital to seek safe havens and become a converter for the Asian and even world economies. In particular, China has a huge market of 1.23 billion people, low labor and preferential investment policies, and has become the next production base and emerging market for many multinational enterprises.

Against this backdrop, just after the Lunar New Year in '97, domestic banks tightened their credit policies, and many corporate loans were not approved on time. At this time, Han Hao smelled a smell of crisis, fortunately, he got a lot of loans from the bank last year because of the large-scale expansion, which was enough for the Huaxia factory to survive.

In 1996, the annual sales volume of the motorcycle market was 9.29 million, an increase of 24% over 1995, but there was an inventory of more than one million, and many motorcycle manufacturers were struggling to maintain it. Because of the production of Qingqi Suzuki and the large-scale advertising, Qingqi Group officially topped the list from the second place in the industry, with a total sales of 1.45 million. Qingqi Suzuki's car is so popular that one is sold and one is sold, which has contributed to the overall sales increase of Qingqi Group. The sales volume of the group was 1.04 million, and it soared by 400,000 units this year, with a growth rate of 31% and a profit of more than 800 million. In this context, the CEO of Qingqi has won countless national honors, and he has also begun to be arbitrary and dictatorial within the company, and has started a huge journey of mergers and acquisitions. It's not enough to just make motorcycles, the company has to diversify its development, do whatever it makes money, and have more than 100 subsidiaries at all levels at one time. Jialing Group followed with 1.13 million sales, almost no growth compared with last year, and profits also fell sharply to less than 90 million. The saddest urging is the construction group, which only sold 620,000 vehicles in 1996, a year-on-year decrease of 400,000 vehicles, and the company also ushered in a large loss of 320 million. Last year, it also made a profit of 450 million, and this year it has suffered a huge loss. Faced with the situation of not being able to pay their wages, they had to urgently seek help from the local government. Under the mediation of the government, the bank was able to raise money to pay the arrears of wages to the workers before the Chinese New Year.

It can be clearly seen that the enterprises that have launched new models and technologies on the market have begun to encroach on the market of old state-owned motorcycle enterprises. With Huaxia, Lifan and other private motorcycle enterprises using flexible market mechanisms, vigorously develop independent technology, in the fierce market competition to develop. In 1996, Huaxia Motorcycle sold a total of 580,000 units, launched 4 new models, and barely completed the annual target task, but the profit was only 530 million, a year-on-year decrease of nearly 60%, and last year's glory can not be compared. However, compared with other motorcycle manufacturers, it is still a company with a strong level of profitability and a chic life. The dividends of the rapid growth of China's motorcycle market are about to disappear, and in the face of economic difficulties at home and abroad, it is expected that many motorcycle companies will go bankrupt in 1997. The profitability of the Huaxia factory will definitely continue to decline, and I originally wanted to hope that the Vietnamese market can exert force, but the Southeast Asian economy has begun to show signs of turmoil, and Han Hao is not optimistic about the future situation.

Huaxia Factory urgently needs to find new profit growth points, and micro-noodles are the areas he has high hopes for in the near future. China has entered the era of motorcycles, and the next step will be the era of automobiles. There will be a large period of dividends for automobiles, such as the motorcycle industry, especially the threshold of the automobile industry is very high, and the competitors are limited. In case motorcycles no longer make money in the future, Huaxia Factory will give up the motorcycle business and concentrate on the development of the automobile field.

Now the big cities in China have put forward the slogan of banning motorcycles, and the sales of motorcycles in large markets such as Tianjing, Hujiang and other first-tier cities have plummeted, and they can only develop to third- and fourth-tier cities and rural areas. Some people in the factory proposed that this is an opportunity, because motorcycles are not allowed to be ridden by ordinary citizens, buses can not meet people's travel needs, cars are too expensive, bicycles are too slow and too backward, and there is still a lot of market demand space. They suggested that the government would ban motorcycles in the name of pollution, so we could produce electric cars. Bikes that travel on batteries have already been shown at industrial exhibitions, and we can change the petrol engine of the scooter to an electric motor so that we don't find a loophole in the ban and stay in the big cities.

Now there are many companies studying light electric bicycles, and many bicycle factories have launched their own conceptual products, but they are all in the development and trial stage. Hujiang Thousand Paper Crane Company's electric bicycles are the first to enter this emerging market, and they have accumulated a certain amount of key technologies in motors, batteries, chargers and controllers. The prototype adopts the shape of an ordinary bicycle, with a 180-watt in-wheel motor on the front wheel, a 24-volt, 7-amp lead-acid battery on the rear seat, and a simple electronic controller on the handlebar. After testing, it can reach 40 kilometers of cruise, the battery is recharged 200 times, and the reliability is in three months.

Unlike gasoline combustion engines, which drive pistons, electric vehicles drive motors with electricity stored in batteries, which turn the wheels. At the beginning of 1997, this was a forward-looking technology. Although it is generally accepted that oil resources will one day be depleted and electricity will replace the fuel in the future, it is still unknown when the technology will be mature.

Under the premise that motorcycles are limited in the future, in addition to the micro aspects, Han Hao considers whether to invest in the research field of electric vehicles. Electric vehicles are safe, environmentally friendly and energy-saving, and belong to the category of high-tech, which is easy to receive strong support from the government.

"Director Xiaohan, it's never too late to plan ahead. Our factory has a certain technical development capability, if the battery motor technology is mature, the electric system is installed on our scooter, will soon achieve mass production. The big cities rejected the motorcycle, and as a high-tech electric car, it will definitely be a big hit!"

A power expert recruited by Yu Hang personally came to Han Hao's office to admonish. In his opinion, gasoline engines are far behind international motorcycle manufacturers, but electric engines are on the same starting line.

"If we can make a difference in switching from electric engines to motorcycles, then imagine that we can also use electric engines in cars and make a real electric car.

The idea of electric cars really moved Han Hao.

Now foreign auto giants are researching electric vehicles, but many of them are concept samples and have not been able to get out of the laboratory. Because there are no breakthroughs in battery technology and motor technology, electric vehicles still have a long way to go before they can enter ordinary homes. It can be said that in the field of electric vehicles, the world's auto giants are all on the same starting line, and at most they have taken the lead by half a position. If we want to catch up, it should be easy to catch up with them, and compared to internal combustion engines, electric motors do not have many technical barriers.

In this way, Han Hao decided to enter the field of electric bicycles in 1997, and the first step he thought of was to merge and acquire Hujiang's Thousand Paper Crane Company. As far as he knows, the company has been unable to make ends meet, and he thought that the electric bicycle market with a large market had few responses. Motorcycles are not allowed to be ridden, and bicycles are laboriously backward, and electric bicycles should be said to be the market entry point that many people see. It's just that the technology of electric vehicles is not yet mature, the battery and motor are not durable, and the large-scale market production does not know when it will be. The company was able to barely survive, thanks to the Hujiang municipal government's subsidies for high-tech innovative enterprises, in addition to free funds. But now that they have been burning money, there is no end in sight, and some shareholders have wanted to exit this company with no prospects.

Motorcycles sound lofty, but you can't always lose money, after all, investment is all about returns. At this time, the Huaxia factory appeared, and Han Hao was ready to wholly acquire this thousand paper crane company, and he took a fancy to the electric technology reserves that the other party had.

"Mr. Han, Huaxia Factory is a leader in the motorcycle industry, and our company is a group of partners who are full of imagination for future technology. Frankly speaking, we are very short of money, but even if we want to sell, we want to sell to fellow travelers who share our ideals. ”

After contact, Han Hao found that this thousand paper crane company is a company founded by a group of college students, no wonder it can have a certain technical research and development ability.

"I'm amazed at the results of your work and frankly, I love the atmosphere you work in. Our company has always focused on technical research, and this time we want to merge and acquire your company for the sake of future technical reserves. At present, it seems that there is still a long way to go before commercial battery technology matures, and you can't achieve your dreams on your own. I can only say that our company has the strength and patience to wait for the maturity of this market, and the key reason for my decision to acquire your company is to take a fancy to your technology and mature team. ”

In the end, after several negotiations and on-site visits to the Huaxia factory, the team of Qianjihe Company finally agreed to the merger and acquisition request of the Huaxia factory. 90% of the equity was purchased with 20 million, and some shareholders chose to take the money to exit, and the original entrepreneurial team retained 10% of the shares. They will continue to stay in the new company and get more resources for electric vehicle research, especially strive to overcome the battery durability technology as soon as possible, and popularize the commercial use of electric scooters as soon as possible.