After understanding this, you should know that don't be deceived by the name "Goldman Sachs", this Kevin is the kind of brother who collects "Investment Project Books" everywhere. They collected 10,000 copies, and only more than 200 projects could get Goldman Sachs investment, and only seven or eight projects successfully IPO in the end?

Imagine what probability this is? Is it completely good to win the lottery?

And during the exchange, Li Yuan also found out that this Kevin didn't know anything about his identity?

One by one, do Li Yuan's women and children know? That must be a bit of an exaggeration. But in a place like Wall Street in Silicon Valley, at least it's not unknown, right?

Li Yuan is also the kind of rich man who can be on the hero spectrum. Kevin didn't even know this, he hadn't even done the background of Phoenix New Energy, and he didn't know that Li Yuan was the boss of this company?

Only, Kevin's level is too low. To be honest, it's not as well-informed as the staff at the BMW Museum.

However, at this time, Kevin still maintained the arrogance of the Wall Street elite, and he didn't realize that Li Yuan had already figured out his details.

"Lee. If you are willing to accept our assessment of Goldman Sachs and agree to our capital injection, we will work together to promote the listing of Phoenix New Energy on the New York Stock Exchange, and you may also become a multi-millionaire in China. Goldman Sachs has a lot of power on Wall Street and has good relations with most of the national governments. Once we can join forces, we may be able to create a new myth of wealth......"

All right! Multimillionaire! That's a touching number!

But......?

Li Yuan suddenly thought that when it comes to financing, the photovoltaic industry does not need it at all. In a few years, silicon wafers will be converted from monocrystalline silicon to polysilicon, and the production cost of polysilicon will drop from the current 1,000 pieces per kilogram to 50,000 per ton.

In the research institute of Phoenix New Energy, the research and development of polysilicon has already begun, and a pilot production line is being built. Moreover, the pre-production capacity of the first phase of the plant is 6,000 tons, and the third phase of the vision is 43,000 tons?

In the near future, the market price of polysilicon will reach 255,000 per tonne? And will this price continue more than 10 years from now?

In other words, the sales of optical polysilicon are expected to have an annual net profit of more than 5 billion?

Not to mention, there are also Phoenix brand photovoltaic products?

In the Phoenix Group, there are solar water heaters, shale oil and gas exploitation, and the Suzaku No. 1 project......

Taking 10,000 steps back, even if it only relies on solar water heaters and the storage reservoir of Suzaku No. 1 to generate electricity, it can guarantee income from drought and flood every year, and Phoenix Group has formed a very healthy capital cycle.

In fact, the early burning of money has long ended, and the phoenix is about to soar. At this juncture, do you still need financing? If your brain is in water, you will give profits to an investment bank like Goldman Sachs, right?

But then again, the phoenix really doesn't need it anymore, and the green dragon is hungry and thirsty?

In the original historical line, when it comes to electric vehicles, it must be Tesla.

But it won't be until next year that Tesla will be established in the United States. by Martin. Eberhard and Mark. Co-founded by Tappenning,

In 2005, Tesla released its first electric sports car, the Roadster. As Tesla's first model, the process was difficult, the early development of the gearbox, the later mass production cost, in 2008 began to deliver, Tesla had to sell at a price lower than the cost, but the market did not buy it.

By this time, Tesla had been burning money for five years in a row, and I don't know how many dollar bills it burned, which made the company's eyes black. Even this money-burning process is still far away, and I don't know which one is the end. What's even more terrifying is that even the company's money is almost burned away.

At this precarious moment, fortunately, Musk reached out.

In 2008, Musk became the CEO of Tesla. Daimler AG paid $50 million to buy a 10% stake in Tesla, Musk offered another $60 million, and soon after, Tesla received a $465 million low-interest loan from the U.S. Department of Energy, which pulled Tesla back from the brink of bankruptcy. After surviving the most difficult moment, in 2010, Tesla successfully listed on the NASDAQ, becoming the only pure electric vehicle manufacturer listed in the United States. And raised a lot of money on the stock market.

In 2009, Tesla released its second car: Models, a luxury four-door electric sedan, which was delivered and sold in 2012, and the market and reputation were both harvested.

However, it is not over, Tesla's development process is still bumpy, and it has been looked down by the market more than once, because the market for electric vehicles is not perfect, and it cannot compress costs at all, and it still continues to burn money year after year?

It has even been warned by the market many times that Tesla's funds are only a few months left and will soon face bankruptcy liquidation.

Probably many people have lost their impressions. At that time, Musk was also running around the world, going to various media for interviews and publicity, and he was so anxious that he was about to cry, just to enhance the confidence of investors.

Where is like entering the twenties, Musk is still running around, and now he is the richest man in the world and has unlimited scenery.

Why is this so? The main thing is still - the magic capital super factory!

At that time, in 2018, the Modu government gave Tesla a large piece of land for free, and completed the entire process of construction, installation, production and so on within a year. And relying on the perfect domestic supply chain, Tesla's production capacity has been fully released, and the production cost has been rapidly compressed.

This finally saved Tesla's fate!

Found out?

The success of electric vehicles has a long-term process.

Not only does it have to be supported by the government, but it also needs long-term financing to burn money. In fifteen years, a huge amount of US dollars was burned!

The same is true for BYD, including the domestic one.

BYD has always been engaged in OEM battery products as its main business, and has become the world's second largest mobile energy supplier. Through the popularization of electronic products such as mobile phones, huge profits have been obtained.

In 2002, BYD was listed on the Hong Kong Stock Exchange, setting a record for the highest issue price of 54 H-shares.

However, when such a huge sum of money is suddenly obtained, the poor become rich, and they don't know how to spend it.

It just so happens that the national strategy, to support the development of electric vehicles, has given huge subsidies.

Many domestic automobile manufacturers have heard the wind and moved, and thousands of troops have entered the field of Lingdong automobiles, and they want to ...... Subsidies are cheating on the spot. Ahem.

There is no need to deny it. At that time, there was indeed the idea of cheating subsidies. Therefore, BYD believes that the risk is not big, anyway, the battery is produced by itself, and if it is subsidized by the state, it will not lose money at all.

Of course, burning money must be distressing, so I found some foreign investors, such as Mr. Warren Buffett, to support BYD's continuous burning of money.

The same is supported by the state! The same is constant financing!

Tell the truth!

In the beginning, the field of electric vehicles was a joke, and almost no one thought that the project would be a real success. The only possibility is a hybrid of oil and electricity. It's nothing more than a little fuel saving.

And in the development of models, that is, to burn money with your eyes closed, you can't save at all.

For example, Li Yuan's Qinglong Group.

At present, the group has two major businesses: Qinglong moped has reached an annual sales volume of 550,000 units, basically recovering the investment, and maintaining an annual gross profit of about 20 million.

But Qinglong Motors?

The annual R&D cost is 4, 50 million. And it also continues to invite foreign aid, and hire those car experts in Europe and the United States at a high price. Just like this time I went to BMW's headquarters, I outsourced it to BMW, and the sports car shape design and procurement chassis. 6.3 million euros were spent in one fell swoop.

Just like Tesla and BYD back then, they are burning money, and they don't know how many years they need to burn?

In that case......?

……

Li Yuan's eyes rolled, which made Gu Yuqin beside him stunned for a moment - what bad things is this man thinking about again, right?

"Hehe, Kevin. I have a better project here, I wonder if you're interested? ”

"A better project?" Kevin was a little surprised, "I'm sorry, isn't it you, Phoenix New Energy?" ”

"Phoenix New Energy is also good. However, the advantages of the photovoltaic industry are obvious, and the disadvantages are also obvious. On the one hand, the electrical energy is unstable and the scope of application is very large; On the other hand, the price of electricity is relatively high, and commercialization is more difficult. So it must be subsidized by the government. ”

"Uh-oh." Kevin nodded. Since he came to this exhibition to find customers, he still has a certain understanding of the photovoltaic industry, "Li, because of this, then you need IPO financing to get as much money as possible to expand production." And clean energy happens to be the latest hot spot, easy to get investment favor? ”

"Hehe, have you thought about it? Government subsidies? China is a country poor in oil and gas energy, and we need to vigorously develop various new energy sources. And we need to ...... more Government subsidy! Well? Do you understand? ”

"Oooh!" With such an obvious hint, Kevin immediately had a brain supplement - government subsidies? Of course, it's the Chinese government! Therefore, there should be certain obstacles to listing on the New York Stock Exchange...... Let's do it!

"Alright! Then keep in touch. But ...... your new project? ”

"Huh. I own a Blue Dragon car. It is a pure electric vehicle project. ”

"Pure electric vehicles?"

"That's right! You should know about the future of electric vehicles, right? And as a commodity, photovoltaics are some large-scale projects, and each country has its own products, so the market prospects are limited. Even if we develop very well in the future, part of it will be in our China, and part of it will be exported, and the proportion will be like that, and we can see the end at a glance. But what about cars? This is a blue ocean market that no one has ever explored. If it succeeds, as long as it can replace some fuel vehicles, it will immediately bring rolling profits......"

"Wait, Lee." Although he is a Wall Street character, Kevin is not inexperienced, with a PPT, there are more people who go to Wall Street to fool and invest, "Li, take the liberty of asking, does your Qinglong car have produced finished products?" ”

"I'll give you a full introduction. Actually, I am in China and own a Qinglong Group. Now the mature product is the electric bicycle, and the annual sales of last year have reached nearly 600,000 units. ”

"Huh? 600,000 units? Kevin was taken aback. For foreigners, this figure is quite exaggerated. Of course, in Li Yuan's eyes, this sales volume is like this.

“…… I also own a listed company in China, Nanfu Battery. At present, the domestic battery sales rank first, and began the research and development of lithium batteries, in the future, mobile phones can be used to register electronic products, and can also be used in the field of electric bicycles and electric vehicles. My automotive department has developed the first generation of BEVs and is now working on the second generation. And this time in Munich, I have reached a strategic cooperation intention with BMW, and will jointly develop a new generation of pure electric sports cars in the future......"

Kevin was already dumbfounded. If the young Chinese didn't brag...... That's bragging!

How could Kevin not have such imagination and be able to achieve such a full industry chain, so how much financial resources would it take?

"Sorry to interrupt! Lee, may I ask you...... Is any of this true? ”

"Huh?" Li Yuan smiled, and he directly pretended to be stupid, "Kevin, are you doubting my energy?" All right! You've probably heard of me, right? ”

"Huh? What are your ......? Before he knew it, Kevin had begun to use honorifics.

"What? I also have a public company on the NASDAQ in the United States......"

"Huh?"

"You've probably heard of it, it's Parallel Line Technology!"

"Huh?"

Kevin couldn't help but jump: "It turns out ...... So you're that Lee? ”

"Huh. Should it be understood by now? I don't need to exaggerate to you. ”

"I'm sorry, I'm sorry, I didn't, it's not me." Kevin has become incoherent. I didn't expect to spread the net in this exhibition and catch such a great god. His heart suddenly jumped with joy, "Li, that's good! We at Goldman Sachs are happy to work with you. I don't know ...... your Qinglong car? ”

"The full project plan, I didn't prepare. Give me a business card! I'll have someone contact you as soon as possible. ”

"No, no, no!" Kevin hurriedly said, "I personally report to the headquarters, and I hope you can allow me to go to your company to investigate on the spot?" ”

"Absolutely. However, there is one thing that needs to be noted in advance - there are restrictions on our investment areas in China. For the automobile industry, can the proportion of foreign investment not exceed 50%? ”

"Hehe, please rest assured. We at Goldman Sachs are just investment banks, and we are not interested in running a business. ”

"That's good!"

“……”

After leaving his contact information, Kevin said goodbye happily. He also happily accepted the invitation and received several tickets to the game. A few more years later, it happened to be the Champions Cup, with Sheffield United taking on Bayern Munich.

Of course, the reason why Kevin is so happy is not because of the ball game, but because of the opportunity of Li Yuan.

If such a project can be successfully completed, Kevin's promotion and salary increase will definitely not be a dream.

For an investment bank like Goldman Sachs, although the investment ratio is only 2%, it also depends on Rao. If it is a technology upstart like Li Yuan, investment banks are still very interested.

Many times, investment banks don't look at projects, they pick people!