Chapter 044 Financing Considerations
The stunning debut of the new battery has caused a boom in China, and after users are sought after and manufacturers are nervous, this heat continues to spread overseas. The first to be attracted is undoubtedly the mobile phone manufacturer, Samsung, the world's highest sales, and Apple, which has countless loyal fans, are focused.
Both companies are extremely concerned about the impact of new technologies, as early as when Warwick began to promote the X7, they have been paying attention, and now it has triggered a craze for popularity, and finally the giants can't hold back, and the technology department and executives in China have begun to discuss countermeasures and prepare to approach.
Even a certain Chinese military-industrial complex is working on this technology. As early as when Huawei signed the first battery cooperation, the relevant departments obtained battery samples, but there was no announcement, and Huawei did not leak the news. But this kind of advanced technology, the state will definitely pay attention.
Although military science and technology will always be ahead of civilian use, major countries also have ways to increase battery capacity, fivefold or tenfold, but the cost is too high, and it can only be used strategically. Nowadays, this folk product has broken out with many bright spots, and the cost is still very low.
Although the performance is not unexpected, the point is that the cost is controlled very low, and although the level of military science and technology is high, the cost of mass production is too high for anyone to afford. Nowadays, there is technology that can significantly reduce costs, which is definitely a big advantage. The only thing is that the technology is difficult to crack.
Although we are willing to spend money and time, the technology will be broken sooner or later.
But the easiest way to do this is: door-to-door trading.
So in a short period of time, the information of Wells Fargo Energy, patents, and even the information of Meng Qian and his team were sorted out and handed over to the relevant departments for reference. The company's capital needs, development prospects, Meng Qian's ability, and personality ...... are presented in the corresponding reports.
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Regardless of the heat of the outside world, after the second round of Warwick's sale, Meng Qian was busy.
The company held several meetings on future issues such as cooperation goals, factory expansion, company valuation, etc. At present, it is the best stage of the company's development, and grasping every detail can make it grow faster and create greater value and profits.
Lowering his gaze, Meng Qian first focused on China.
Vice President Zong Yan is giving a brief introduction to the information.
"According to the newly released 2013 world smartphone shipment statistics, China accounted for half of the 1 billion, reaching 500 million, and Huawei exceeded 60 million, and is transforming to the middle and high-end, which is also very in line with the plan of our high-end battery consumer group."
Meng Qian in the audience listened, the company's battery cost is higher than that of ordinary batteries, and the price is naturally high, X7 battery purchase price is 125, retail at least 200 or more, so the target market is high-end, low-end mobile phones can not be consumed, and low-end can not give profits.
"At present, Huawei is happy to carry out long-term cooperation with us, but the problem is that our output is very low, according to the current scale, we can produce up to 3 million mobile phone batteries a year, and there are more than 10 million mid-to-high-end models of Warwick alone. So our first step is to increase production. β
Meng Qian also considered that it is best to increase the demand by fifty times.
Fifty times is undoubtedly a big deal, but even so, the annual output is still only about 150 million pieces, accounting for about 15% of the global mobile phone market, similar to Meng Qian's ambition at the beginning. But the actual demand is even more fierce, with Samsung and Apple abroad, with a total of more than 400 million units.
Meng Qian didn't want to give up the meat to his mouth, but the problem was: money.
Zong Yan analyzed the internal and external factors, and then also gave the current valuation of Fuguo Energy, although it may be worth 100 billion yuan in the future, but for now, referring to its production capacity, influence, sales market, etc., Zong Yan gave an estimate of 18 billion to 20 billion yuan as a reference for financing cooperation.
The valuation is not high, mainly because Wells Fargo Energy has not yet developed.
There is no money to develop, and there is no money without development...... Meng Qian has a headache for this strange circle, if he can spend tens of billions of dollars to build factories now, and then sign agreements with mobile phone manufacturers all over the world, he will ensure that the value of Fuguo Energy will soar by hundreds of billions immediately. But this is a bit far away, and you have to consider reality first.
Meng Qian asked Zong Yan: "How is the negotiation with Warwick?" β
The company's frequent contact with Warwick has been well known, for which the scale of the company has expanded to more than 300 people, more than half of whom are sales departments. Not only Warwick, but also domestic mobile phone manufacturers have broken through the threshold, and foreign companies have also begun to contact them, and the manpower is far from enough.
Zong Yan replied: "We have reached an agreement on long-term cooperation, and they also accept the price increase, the difference lies in the cost of exclusive cooperation, we offer 1 billion as the price code for exclusive cooperation in China, and Huawei pointed out that our current output is not worth 1 billion, and they are at a loss." β
The so-called exclusive domestic cooperation can naturally help Huawei abuse and kill other domestic brands, which they are extremely happy to do, but they have to pay 1 billion protection fees for this? The output of rich fargo energy is only tens of millions, and it is not enough for them to digest, so how can it be supplied to other brands?
Warwick grasped this point and asked for a price reduction.
Meng Qian understood: "So at present, if we can prove that the annual output of the factory is more than 100 million, which is enough to support Warwick, they will obediently?" β
Although it is said in layman's terms, Zong Yan agrees: "They are nothing more than using production as an excuse to bargain, when we have the output to supply multiple merchants, in order to monopolize the market, Huawei will inevitably bleed." β
"The problem comes back to money." Meng Qian has a headache, cooperation is rich, but only with money can cooperation...... Playing people doesn't come around like this.
Zong Yan put some pressure on him again: "Even with foreign merchants, we can't get enough production, and they definitely won't give the ideal price." β
"Okay, let's do it first." Meng Qian made a plan, "Consider bank loans first. In terms of financing, I will make the decision, and if it doesn't work, I will consider reducing the cost of exclusive supply, and all the funds obtained will be used to expand the factory and protect our weak underbelly first. β
"I see." Zong Yan wrote it down.
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Even if banks are able to take out loans, they are limited in the amount of money they can provide.
Meng Qian wanted to spend a huge amount of money to develop, and he also wanted to be fastβhe couldn't be sure when his opponent would appear. Will the early launch of his technology cause a butterfly effect in the industry? But it is certain that technology will only dominate in four or five years, and he needs speed.
Speed to win the mobile phone battery market, and then use the money earned to develop power batteries, and when competitors appear, the market has been mostly occupied by the company, and Fuguo Energy has long been a giant. Giants can suppress mergers and acquisitions, or they can burn money to develop stronger technologies.
So he put his hope on financing, which is not only faster and more expensive, but also the connections he needs.
Networking is not only for the company, but also for the person. For example, he wants to develop power batteries in the future, which as a new energy source that can replace gasoline, will pose a threat to three barrels of oil and even foreign oil companies. This pool of water is very deep, and he can't just have money, but also a background.
But businessmen are very shrewd, and the valuation of venture capital companies is about 19 billion. But compared to money, Meng Qian values power and connections more. As long as he does not deliberately die, the company will inevitably stand very high, and the partner needs a combination of money and power to accelerate the development of the enterprise.
"It's still very difficult to find a backer with a strong background, strong funds, and active cooperation." Meng Qian lay on the sofa and chatted with Gong Hui on the phone.
Gong Hui mentioned: "The initiative is on your side now, maintaining calm is the main thing, and if necessary, foreign capital alliances should also be considered." β
"I know it all." Meng Qian knew in his heart, "I just want to hear what you have to say." β
"It's been taken care of." She said.
"Then I'll be relieved." Meng Qian said.
"My children and I have gone back to our parents' home, and we plan to stay for a while and finish kindergarten in the local area," she recounts...... I miss you a lot. β
"Come here?" Meng Qian invited.
"But the child needs me." Her voice was a little sad.
"It's all in the past." Meng Qian comforted, "Care about yourself and your family first. As for me, it doesn't matter, I have so many women. β
"I think I heard someone talking stubbornly." Her laughter was heard.
"Really, I just dated a little model yesterday." Meng Qian rolled over and smiled, "I'm honest. β
"How does it feel?" She played with him.
"It's boring, I can't find a trace of you in her." Meng Qian said.
"What good do I have?" She asked.
"Gentleness, temperament, and a ......taste that attracts me," Meng Qian described, although she was not outstanding in beauty, she was unique to him.
"It's the first time I've seen someone appreciate me so much." She was happy.
"Proud, huh?" Meng Qian chatted aimlessly with her, listening to her voice made him very relaxed.
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After relaxing, he took up his mind.
He got in touch with Liu Jianhao and talked about his brother.
"I just wanted to tell you about it." Liu Jianhao just had this intention, "I just talked to him last night, your company is very good, even foreign news is in the headlines, and there is praise for future giants." He is very interested in you and is willing to talk to you about cooperation. β
"Shall we arrange a meeting time?"
"The day after tomorrow, he is a careeraholic, high-tech investment is also showing hot prospects, he will not miss it."
Meng Qian said: "I am waiting for the news of Brother Ling. β
"Cheng, I'll contact you then." Liu Jianhao said, the two chatted a few more words, and hung up the phone.
Meng Qian was in a better mood, and hoped that Liu Jianhao's eldest brother would be powerful.
When it comes to cooperation partners, Huawei is also okay, and the funds are very abundant, but according to the signs of recent negotiations, they are obviously a bit of a robbery, and the price is not high before the value comes out. This made Meng Qian a little dissatisfied, and then considered other influences, and ruled them out for the time being.
Liu Jianhao's family background is very strong, and in several circle gatherings, Meng Qian also heard a little, no one talks about whether there are core high-ranking officials, but they are all mixed at home and abroad, and it is absolutely impossible to have a huge background, and it is also an ideal backer.
However, everything cannot be concluded until we meet.
If the other party's offer is not ideal and the cooperation is not sincere enough, Meng Qian will not consider it. He has high-tech in hand and has a wide range of options. Funds are just one kind, if you talk about the official background, Huawei is not nothing, a company that can rush out of the country, can there be no government support?
In short, he first looked at the reality, and chose which mountain to rely on to rely on for the most benefits.
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PS: Ask for recommendation votes. In addition, the hand is not good, and I can't type, so I guess I can only use the manuscript to send this week, and try to keep changing it. By the way, the update time is usually 12:10 p.m. and 18:30 p.m.