Chapter 453: Tesla Comes into Sight, Lehman Fails

A butterfly in the rainforest of the Amazon basin in South America, with an occasional flap of its wings, could cause a tornado in Texas, USA, two weeks later.

Warren Buffett's stake in BYD seems to be a matter of BYD and has nothing to do with other companies.

But the reality is not the same at all.

Not to mention that Great Wall Motors, which had a relatively firm attitude before, began to consider engaging in hybrid cars, and Nanshan Hongqi, which originally had nothing to do with this matter, also plans to launch two FHEV models in the future.

At this point, after Zhu Zhengfeng and Cao Yang communicated, the two finalized the general direction.

As for how to implement the general direction, it needs to be further discussed by the following people.

"Mr. Cao, I think it should be feasible to use the FHEV system similar to Toyota on the low-end models, and the HY-KERS hybrid system developed by ourselves on the high-end models."

"However, Toyota's hybrid system is now using nickel-metal hydride batteries, and I think this direction is a bit inconsistent with the future development direction of batteries."

Rao Yongxiang, Dai Hanbiao, Lin Cheng and others came to Cao Yang's office to discuss the hybrid system.

"The design of nickel-metal hydride batteries is derived from nickel-cadmium batteries, but there has been great progress in improving the memory effect of nickel-cadmium batteries."

"The important change is to replace the cadmium originally used in the negative electrode with a hydrogen storage alloy."

"Therefore, nickel-metal hydride battery theory is a typical representative of material innovation."

"The pollution caused by nickel-metal hydride batteries will be much smaller than that of nickel-cadmium batteries containing cadmium, so nickel-cadmium batteries have been gradually replaced by nickel-metal hydride batteries."

"In addition, nickel-metal hydride batteries have low prices, strong versatility, high current, and environmental stability."

"But compared with lithium batteries, it is heavy, has a short battery life, and is not resistant to overcharging."

"In the short term, nickel-metal hydride batteries may be more suitable, but in the long run, lithium batteries must be more promising."

"Our Nanshan battery is now mainly researching lithium batteries, so I also think that the company's hybrid system, no matter which type, should consider using lithium batteries."

Lin Cheng's attitude is also relatively clear.

NiMH batteries are good and competitive at this stage.

But there are better batteries, and Nanshan Group has mastered this technology, so it is natural to use it.

Even if the hybrid system supplied to Nanshan Hongqi and even other independent brand car companies wants to learn from Toyota's system, there is no need to copy it.

As long as the large principle is referenced, the specific parts can be designed by themselves.

"There is no doubt about the advanced nature of lithium batteries, and the use of lithium batteries is also good for our publicity."

"However, the safety performance of lithium batteries is not as good as that of nickel-metal hydride batteries, and we also need to consider the impact of this aspect."

Zeng Tingting also tends to use more technologically advanced batteries.

However, she also made some requests to the R&D department.

"Since everyone thinks that FHEV batteries are the most suitable for lithium batteries, and we are already using lithium batteries in the starry sky, let's develop them in this direction."

"However, in terms of the specific implementation of the plan, I think a certain distinction can be made."

"Xingchen Automobile uses ternary lithium batteries, and other customers such as Nanshan Hongqi use lithium iron phosphate batteries."

"On the one hand, the cost of lithium iron phosphate is lower, the technology is more mature, and it is more suitable for large-scale production."

"On the other hand, it can be regarded as preparing for two aspects, preparing for the future use of ternary lithium and lithium iron phosphate in electric vehicles."

"In addition, some scientific research institutions have also published papers and put forward the concept of sodium-ion batteries, and I think Nanshan Battery can also make some efforts in this regard to see if sodium-ion batteries are more advantageous."

After listening to everyone's opinions, Cao Yang directly gave a conclusion.

Lithium iron phosphate batteries and ternary lithium batteries are battery technologies that have been proven in later generations.

As long as Nanshan Battery firmly makes efforts in these two fields, it will not be so easy for other companies to surpass Nanshan Battery.

In addition, if you start to lay out sodium-ion batteries now, when the prices of lithium carbonate and lithium hydroxide rise in the future, you can directly launch sodium-ion batteries, which can definitely bring huge lethality to other companies.

Especially in the mid-range models, if the price difference is tens of thousands of yuan, the impact is still quite large.

On the contrary, it is on the Xingchen car, but there is no need to worry too much about the cost.

If you use a low-cost solution, it may affect the brand power.

"Mr. Cao, judging from the current situation, even if it is a ternary lithium battery, there are several technical solutions."

"Depending on the cobalt content, there may be NCM333 and NCM523, and even NCM811 in the laboratory state."

"With different cobalt content, the performance of the battery will be significantly different, and the cost will also be significantly different."

At this time, it is naturally time for Lin Cheng, the general manager of Nanshan Battery, to give full play to his professionalism.

Although Cao Yang only set three technical research directions, he wants to tell everyone that these three directions can also be broken down into many small directions.

At that time, Nanshan battery still needs a lot of manpower and material resources.

And in the short term, it is also difficult for Nanshan TV to make a profit.

Lin Cheng can be regarded as giving everyone a vaccination.

"It's true, the battery situation is more complex, and all kinds of solutions need to be validated."

"For the situation of different ratios of NCM, Nanshan Battery can carry out research."

"Of course, at the beginning, we can focus on NCM333, a solution with relatively low technical difficulty."

"When the time comes, the production generation, the R&D generation, and the pre-research generation, we will conduct research on several technical routes at the same time."

"Even in the future, semi-solid-state batteries and solid-state batteries can be considered, and the research task is very heavy."

The battery is the most popular part of new energy vehicles, and the impact on the entire industry is also very huge.

Cao Yang naturally has a very deep understanding of this.

Otherwise, the battery would not be spun off from Nanshan Auto Parts and a separate company would be established.

"Mr. Cao, there is an electric car company called Tesla in the United States, and they have delivered 7 electric vehicles on a small scale in February this year."

"It is said that it will be officially delivered to consumers on a large scale from October this year."

"Can our group also consider setting up an electric vehicle company to take the new energy route?"

Zeng Tingting's question immediately diverted everyone's attention.

Setting up a new electric car company?

That's a big topic.

However, there are already electric car companies in the United States, so it seems that it is not impossible?

"I have also heard of the Tesla that Minister Zeng said, and their first car was a sports car, called the Roadster."

"It's not just now, it's been around for several years, but there have been no production deliveries."

"Even last year, there was a serious crisis."

"As a supercar comparable to Porsche and Ferrari, Tesla's Roadster has very high requirements for high-performance acceleration."

"At this time, the situation that ordinary electric vehicles are not equipped with multi-stage gearboxes obviously cannot meet the needs of Roadster."

"Because asynchronous motors are less efficient at low speeds, the introduction of a two-stage gearbox was a natural step."

"But the problem is how to do systematic research and development between high-voltage and high-power electronic control systems and gearbox coordination, there is no precedent in the industry."

"In addition, the charging speed and battery safety of electric vehicles are also a topic of concern."

"I don't think the conditions for setting up an electric vehicle company are very mature in a short period of time."

"We should first study the relevant basic components thoroughly, and then it is logical to set up an electric vehicle company."

"Otherwise, as soon as our electric vehicle company is established, it will attract the attention of many car companies like a target."

"At that time, it is likely that other car companies will also increase R&D investment in this area, which is not necessarily a good thing for the future development of our electric vehicle industry."

Rao Yongxiang, as the vice president in charge of R&D of Xingchen Automobile, is obviously more clear about the situation in the industry.

Electric vehicles represent the future, and he agrees.

But this future, apparently, is not coming so soon.

Whether it is technical reserves or consumer acceptance, there is still a long way to go before the large-scale popularization of electric vehicles.

"The establishment of a new electric vehicle company can be appropriately slowed down, but the preparations for the establishment of an electric vehicle company cannot be slowed down for a moment."

"At that time, our mid-range models will have Nanshan Hongqi, the mid-to-high-end models will have independent electric vehicle brands, and the high-end models will be Xingchen Automobile, forming a comprehensive industrial layout."

"These companies will need to use the technology of electric vehicles at that time, and parts such as batteries, motors, and chargers need to be developed in advance."

"Starting with FHEVs, then moving on PHEVs, and finally falling on BEVs, many of these technologies have certain commonalities."

"As long as we do a good job of FHEV, we will soon be able to do a good job of PHEV."

"Most of the PHEV technology is the same as that of BEV models."

Combined with the opinions of the executives, Cao Yang gave his own judgment.

Tesla's real strength will be seven or eight years later, or even after 2020.

Now due to the emergence of Nanshan Group, this time may be appropriately advanced, but now it is only 2008, and there is really no need to rush directly to electric vehicles in one go.

Nanshan Group has invested a lot of resources in fuel vehicles, and it is completely possible to make a lot of money first.

Soon, after an internal consensus was formed, the relevant business divisions began to act.

At this time, a major event happened in the international financial market.

"Mr. Cao, Lehman Brothers is bankrupt!"

Zhang Fugui's phone call made Cao Yang shift his attention from inside the Nanshan Group to the outside.

On September 15, 2008, Lehman Brothers, an American investment bank, declared bankruptcy, becoming the largest investment bank bankruptcy in U.S. history and triggering a global financial crisis.

The bankruptcy of Lehman Brothers marked the full-scale outbreak of the subprime mortgage crisis in the United States, and also had a profound negative impact on the global economy.

The bankruptcy of Lehman Brothers has its deep background.

In the 2000s, the U.S. real estate market experienced a period of rapid boom that led to a significant increase in real estate prices.

Against this backdrop, the subprime mortgage market in the United States has also grown rapidly, with a large number of subprime mortgages being issued to borrowers with bad credit.

However, as the housing bubble burst, defaults on these subprime mortgages rose rapidly, causing investment banks such as Lehman Brothers to lose money.

Prior to the collapse of Lehman Brothers, the U.S. government had bailed out several other large financial institutions, including Bear Stearns and Bank of America.

However, the U.S. government ultimately refused to bail out Lehman Brothers, which is believed to be the direct cause of Lehman's bankruptcy.

The bankruptcy of Lehman Brothers led to a collapse of confidence in financial markets and triggered a global financial crisis.

Nanshan Investment has been in the financial market for several years, and now it is finally time to close the net.

Taking advantage of the spread of the crisis, the situation in all aspects is still relatively chaotic, and the funds of Nanshan Investment can flow smoothly out of the United States and put them in a safe account.

Later, taking the opportunity of the financial crisis, a number of chip-related companies were acquired, so that Nanshan Semiconductor officially made its appearance to the outside world.

"The bankruptcy of Lehman should lead to a period of turmoil in the US financial markets."

"We are trying to get all our money out of the U.S. within the next month, sell the stocks that should be sold, and don't make new investments."

"Then wait for further arrangements from the group."

These things have been thought of before, and now after receiving Zhang Fugui's contact, Cao Yang immediately gave clear instructions.

Although in terms of the overall environment, there are still a lot of investment opportunities until the end of this year, but the plate of Nanshan Investment is a bit big.

If you do it too often, you may become a scapegoat.

That's more miserable.

This is obviously not the situation that Cao Yang wants to see.

"No problem, the profitability is much better than originally envisioned."

"Keep tossing, to be honest, I'm a little worried."

Zhang Fugui's heart is also a little flustered now.

He felt as if he had witnessed a piece of history and even participated in it himself.

It's a special feeling.

"After all the funds are processed, you take the team back to China for a good rest for a while, and don't go abroad for the time being."

After Cao Yang arranged the affairs of Zhang Fugui's side, he immediately asked Mi Ying to notify the relevant personnel of Nanshan Semiconductor to come over for a meeting.

Next, Nanshan Group is going to start the mode of buying, buying, buying.

"Lao Zhang, the opportunity for Nanshan Semiconductor to show its skills has come."

"I asked you to do the research before to see which semiconductor companies are likely to be acquired and suitable for acquisition, and now there is a conclusion?"

Zhang Jing is a talent recruited by Nanshan Group to serve as the general manager of Nanshan Semiconductor in the early years.

In recent years, it has been relatively low-key, and its presence within Nanshan Group is not very strong.

But Cao Yang has always attached great importance to it.

"Mr. Cao, judging from the current situation, the most suitable place to start is the storage industry."

"Since last year, there has been overcapacity in the memory industry, whether it is Samsung Electronics, Micron or Elpida, or Qimonda, there has been overcapacity."

"In this case, Samsung Electronics is also expanding production capacity against the trend, resulting in a further decline in the price of memory."

"In the first quarter of this year, many people still think that the price of memory can slowly move towards the road of price recovery."

"But in fact, the price of memory has been falling this year, and now it has fallen by half compared to the beginning of the year."

"At this price, no memory manufacturer can make money."

"So I think the most suitable business for Nanshan Semiconductor to acquire business in the international market should be the memory business."

"But ......"

Zhang Jing was thinking about how to organize the language so that things didn't become so awkward.

"But what?"

Cao Yang's previous understanding of the semiconductor industry is indeed not very much, but some basic common sense is still there.

In addition, if necessary, some advanced technologies can directly appear in Nanshan Group, so he is not particularly worried about what problems will be encountered in the development process of Nanshan Semiconductor.

There are always more ways than problems.

Even if it is a lithography machine, it is not impossible to solve.

"Mr. Cao, any large semiconductor company is an existence with a special status within the corresponding country."

"Needless to say, things like Intel, AMD, and Texas Instruments, it's unlikely that they will be acquired back for any amount of money."

"Other semiconductor companies like Infineon, STMicroelectronics and NXP are in a similar situation."

"Even smaller companies such as Renesas, onsemi, Micron and Elpida are not easy to acquire."

"So my suggestion is to start with memory and acquire some factories and patents in the hands of Micron or companies such as Elpida and Qimonda."

"Then, on this basis, combined with our own talent and technology reserves, we began to recruit talents from all over the world to develop the technology belonging to Nanshan Semiconductor."

"The current semiconductor industry is not very prosperous, and many companies are considering layoffs."

"As long as we are willing to spend money, there is no big problem in poaching people, especially ordinary engineers, it is not very difficult."

"Of course, for example, some small enterprises, not so dazzling, it is still possible to acquire some small material manufacturers and equipment manufacturers in the semiconductor industry chain."

"It just doesn't seem like a good deal."

Zhang Jing explained while observing Cao Yang's reaction.

The development of Nanshan Group in China can be described as smooth sailing, and the turnover and profit have repeatedly created new highs.

Therefore, Cao Yang's prestige within the company is also increasing day by day.

Zhang Jing was also worried that Cao Yang would not listen to his advice.

After all, according to Zhang Jing's suggestion, this kind of plan seems a bit copycat and a bit ungenerous.

There's no buy-

However, after Cao Yang listened to it, he felt that Zhang Jing's proposal was very real.

Nanshan Investment is rich now, but if you want to build your own chip factory, in fact, billions of dollars are not much, or even tens of billions of dollars are not much.

Instead of wasting on various acquisitions, it is better to spend part of the funds to acquire part of the factories, personnel, and technology, and then frantically poach people and begin to vigorously develop Nanshan Semiconductor's own chip industry.

There are enough talents, as long as you spend money to buy equipment, in fact, in 2008, the threshold of the semiconductor industry is not as high as that of later generations.

"You are right, to develop Nanshan Semiconductor, in the final analysis, it is a matter of equipment and talents."

"As long as there are sufficient talents, it is not impossible to directly purchase equipment and invest in related wafer factories, packaging factories and other related factories."

"Now that Lehman is bankrupt, it's bound to make the impact of the subprime mortgage crisis even more dramatic, and it will turn into a financial crisis."

"Many companies in Europe and the United States will be greatly affected by this crisis."

"At this time, whether it is to buy equipment or dig people, the difficulty is the lowest in history."

"Lao Zhang, you discuss with the personnel department and the finance department to formulate a talent recruitment plan."

"For the talents who are pushed to Nanshan Semiconductor, you can consider giving certain rewards to the referrers."

"Especially for the technical talents of Gaoli and Dongying, they are more suitable for the working environment in Huaxia, and priority can be given to poaching these people."

"At the same time, incentives can vary for different levels of talent recruited."

"The semiconductor industry looks big, but the circle is actually very small."

"Friends, colleagues, classmates, and brothers, on the basis of the existing employees of Nanshan Semiconductor, can connect the employees of the world's major semiconductor manufacturers."

Since Zhang Jing felt that the plan of poaching people was the best, Cao Yang naturally would not disagree.

When the time comes, the first batch of equipment will be purchased from the outside, and then when the production is expanded, Nanshan equipment will be directly asked to "copy" or "upgrade" these equipment.

In terms of materials, we can also work hard step by step, and strive to realize the localization of the whole industry chain within ten years, so as to give you an unexpected surprise.

Of course, there is no need to be so high-profile in the semiconductor industry.

It's never too late to be high-profile when the results are actually released.

"It's easy to make this rule, but it's ......"

Zhang Jing hesitated for a few seconds before continuing: "The salary of talents in the semiconductor industry has always been relatively high. ”

"Especially overseas, the annual income of these people is 780,000 yuan, or even 1 or 2 million yuan."

"For some high-end talents, it is not surprising that the annual salary is millions of yuan, or even tens of millions of yuan."

"If this amount is placed in a team of dozens of people, the impact is not big."

"But if we are going to enter this industry on a large scale, we need at least a R&D team of more than 1,000 people."

"At that time, the labor cost will be very huge."

As soon as Zhang Jing said this, Cao Yang naturally understood what he meant.

If the semiconductor industry wants to develop, it has to burn money.

Is Nanshan Group ready to burn money?

Is Nanshan Semiconductor willing to spend such a high price to poach people everywhere?

(End of chapter)