My Daily Basic Stipend Is 10 Million

Chapter 185: Chapter 163: Chen Xiao’s Profit Logic (3)

Yesterday, Chen Xiao had arranged to give the hardware portion of the 10-million-yuan order for Junxiao Square to Cha Lan. As soon as he entered the office this morning, he received a system notification.

"DING! Received a business bonus of 240,000 from Zhi Fei Aerospace. Awarded a Diligence Reward bonus of 10.08 million. New balance: 620 million!"

’Sigh, how am I ever going to spend all this money!’

Just as he was lamenting this, Xu Wu called. He drove to the 28th floor of the Yunfeng Building to hear her out.

After that, he didn’t dare brag about having too much money to spend anymore. New energy vehicles... car manufacturing!

This was the crown jewel of human industry, the culmination of industrialization. No amount of money thrown at it could guarantee success.

’Xiangjun, you’ve got to make money fast!’ Chen Xiao felt a little outmatched. ’I have too little money!’

"Tianqi Auto currently has two billion in debt. On top of that, its factory equipment isn’t modern enough! So..."

That was to be expected. A modern smart factory with an annual output of around 200,000 vehicles would be a pipe dream without an investment of seven to eight billion.

And that was assuming the local government provided support with land and hardware.

Tianqi Auto simply didn’t have the capability to build such a modern smart factory.

Getting into the auto industry was a real cash burn, and we’re talking tens upon tens of billions. Chen Xiao thought about it seriously.

Xu Wu assumed he was worried about the money. In reality, he was thinking about how to play this according to his system’s profit logic.

’First, the most urgent thing for the new energy vehicle industry right now is to catch up in terms of intelligence. This requires massive investment in smart cockpits and autonomous driving. We’d need to invest at least on the scale of 10 billion a year to have a chance of catching up quickly.’

This was an area Chen Xiao was not only willing but happy to invest in. With his current Diligence Reward bonuses, if he invested 10 billion, the system would reward him with several times that amount. That money could then be reinvested into the vehicle manufacturing process.

An investment of tens of billions annually was absolutely sustainable. As his Diligence Points increased, the returns would grow larger and larger. In the near future, his company could very well become the one with the largest cash reserves in the world.

’Burning money is great, especially in the field of intelligent systems. I love it. The more I burn, the more I earn. The more I burn, the more I earn.’

He now understood why the system had rewarded him with motor and electronic control technologies in the mission rewards!

’It was guiding me to enter the new energy vehicle industry!’

Once he entered this industry, this venture alone would be enough to transform Dr. Feng’s Robot and Zhi Fei Aerospace into two behemoth companies.

And with such massive financial backing, this new energy vehicle company would be able to go head-to-head with domestic and international giants without being at a disadvantage!

"Let’s do it! You go negotiate the acquisition. After we acquire it, we’ll need to build a brand-new smart factory and accelerate R&D investment in smart cockpits and autonomous driving. We must keep these core technologies in our own hands!"

"I’ll talk to Dr. Feng’s Robot and Zhi Fei Aerospace. I’ll have them speed up talent acquisition and fully cooperate with our timeline!"

Xu Wu was stunned that Chen Xiao had made a decision so quickly! She also realized he must have a lot of capital on hand. Otherwise, he wouldn’t have avoided the topic of money entirely. He was clearly confident.

’He’s so young. I have no idea where he gets all this money.’

At the same time, she had some concerns. ’Can Dr. Feng’s Robot handle a project of this magnitude?’

But she didn’t know that for Chen Xiao, even if they couldn’t handle it now, they would have to learn. Without the deep involvement of Dr. Feng’s Robot and Zhi Fei Aerospace, where would his endless stream of funding come from?

Besides, every great building starts from the ground up, and these two companies already had a respectable technological foundation.

As long as the funding was in place and the pay was good enough, they could attract all the talent they needed. There was no product that couldn’t be built with money. If there was, it just meant you didn’t have enough money.

And thanks to his system’s reward mechanism, money was the one thing Chen Xiao never had to worry about.

The two went their separate ways. For the starving Tianqi Auto, having a company willing to acquire them was the luckiest break they could have possibly hoped for.

If they had dragged on for another year or so, the company would have rotted completely, with no one willing to touch it.

Soon, Tianqi Auto released an internal announcement. It revealed that Junxiao Capital intended to invest in and planned to acquire 100% of Tianqi Auto’s equity, signaling that Tianqi Auto had officially entered the execution phase of its restructuring plan.

The announcement stated that major developments regarding Tianqi Auto’s restructuring would be disclosed to the public at an appropriate time.

This news caused a huge uproar in the Huaxia automotive world, even briefly topping the headlines.

The industry discussion was almost unanimously negative.

"Does this Junxiao Capital have more money than sense? What’s even worth acquiring about Tianqi Auto? They’re willingly jumping into a fiery pit!"

"There are plenty of fearless people, but it’s rare to see someone actively courting disaster. Junxiao Capital is like a moth to a flame!"

"A capital firm trying to play the car game? They’re just paying for a harsh lesson. Just watch, this company will be crushed by the wheels of history, ground to dust by the mighty tide of the times!"

"New energy vehicles have been developing in this country for years. The market has pretty much taken shape. Only an idiot would jump in now!"

"Exactly! We’re already in the second half of the new energy game. This is the stage where obsolete production capacity is being eliminated, yet some daredevil is throwing money right into it!"

In short, not a single person was optimistic about Junxiao Capital’s acquisition.

Meanwhile, Xu Wu had been busy over the past few days. After the acquisition, "Tianqi Auto" would be renamed "Junxing Auto!"

"The east is brightening, so say not that you set out too early. We’ve crossed green mountains but are not yet old; the scenery here is uniquely beautiful!"

And "Junxiao Capital" was also renamed "Junxiao Investment Group Holding Co., Ltd," or Junxiao Investment Group for short.

The happiest people about this acquisition were the old-timers who remained from the original Tianqi Auto. After the new leadership came in, those who were a good fit were kept on, while those who weren’t received generous severance packages.

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