My Daily Basic Stipend Is 10 Million

Chapter 195: Chapter 167: Shock from All Sides

The news that "Tianqi Auto" was acquired by Junxiao Investment Group and renamed "Junxing Auto" has garnered widespread attention in the industry!

While "Junxing Auto" was met with overwhelming skepticism, Junxiao Investment Group, on the other hand, became famous!

The series of announcements on "Junxing Auto’s" official account made one thing clear: Junxiao Investment Group was seriously rich.

Junxing Auto planned to launch a mid-to-large-size SUV, codenamed the Junxing M7, in March of next year. Simultaneously, they were investing seven billion yuan to build a modern Super Intelligent Factory for the new model.

They also announced they would be developing their own intelligent cockpit and autonomous driving technology, intending to keep the core tech in-house.

Every piece of news was absolutely stunning, especially the two announcements about developing their own intelligent cockpit and autonomous driving systems.

This was no small investment. Even a giant like Hongmeng Intelligent Selection Car had to invest tens of billions of yuan annually for continuous R&D and iteration. It was baffling where this suddenly-emerged Junxiao Investment Group found its confidence!

As one of the hottest news topics of the day, it was only natural for many social media influencers to jump on the bandwagon for a surge of traffic.

"A partnership between two strong companies might create a synergy where one plus one is greater than two, but a partnership between two weak ones will only make them weaker. And now they’re researching autonomous driving? Let’s hope they don’t research their way into creating a moron!"

"They really don’t know what they’re getting into. How did ’Tianqi Auto’ die? By pursuing unrealistic projects until their funding dried up. And now this ’Junxing Auto’ that took over... how do they seem even dumber than their predecessor?"

"Developing core technology in-house is a good thing, but only if you have massive financial backing. Blindly trying to do everything yourself is just suicide!"

These voices of overwhelming doubt cast a dark cloud over the newly reorganized team.

Someone even started an online poll: Which car company will be the next to fall?

"Junxing Auto" was in the lead by a landslide, with a staggering 78% of the votes!

"The last one to fall was ’Tianqi Auto.’ The next one to fall will be the rebranded ’Tianqi Auto.’"

With so much negative press, who knew who would buy the M7 when it launched next March?

After all, the M7 was positioned as a luxury mid-to-large-size SUV priced around 300,000 yuan. Who would buy such an expensive car from a company everyone expected to go bankrupt again?

Sitting across from Xu Wu, faced with the powerful presence of the Group CEO, the current CEO of "Junxing Auto," Xu Gang, felt a little uneasy.

’A defeated general, yet still daring to speak of courage!’

After "Tianqi Auto" was acquired, Xu Gang had assumed he would be packing his bags. Although it was hard to part with the company he had poured his heart and soul into, a new ruler brings their own court. Capital had acquired the company, so naturally, they would want to install their own trusted people.

Xu Gang didn’t think there was anything about him that would be valued, especially since the company he had steered had gone bankrupt, even if it wasn’t entirely his fault.

’Who would hire a defeated general like him, anyway? It was just bad luck!’

But Xu Wu did hire him. In that moment, Xu Gang felt he would die for President Xu. It was a debt of gratitude for her recognition of his worth—one he felt he could never repay, even if it cost him his life.

And that was precisely why the recent storm of negative information online, none of it baseless, had hit him so hard. Every word struck a vital point, and Xu Gang couldn’t see a future for the company either.

Xu Wu had been observing him. With such a massive investment on the line, she had been pouring almost all her energy into the automotive division recently.

She had, of course, seen all the negativity online. To be honest, she was under even more pressure than Xu Gang!

’After all, with so much money invested, if it all goes down the drain, I have no idea how I’ll face Chen Xiao.’

’Don’t be fooled by Chen Xiao’s casual attitude, acting as if losing it all would be nothing. This is an investment of tens of billions! Not even the richest person in the world could afford to lose money like that, right?’

That’s why she was throwing herself into it. She was staking everything on this!

She felt Xu Gang’s anxiety even more keenly than he did, but she had to steady the troops.

’The greater the crisis, the calmer one must be. Even if the sky falls and the earth gives way, I must remain unshaken.’

She smiled and said, "President Xu, do you know why the Group chose to get into the car manufacturing business?"

Xu Gang did want to know. At a time when the global landscape for new energy vehicles was largely set in stone, very few dared to enter the fray anymore.

For an outsider like Junxiao Investment Group to charge in so recklessly... it could indeed be described as foolhardy.

"I remember when Leibus resolutely entered the car-making business, he carefully reviewed the advantages of his ’Coarse Grain Factory.’ He said something at the time."

"What does ’Coarse Grain’ have? ’Coarse Grain’ has money. One hundred billion yuan on the books!"

"That was his confidence. Having money gives you a margin for error. If you fail once, you try a second time. If you fail twice, you try a third. As long as you keep trying, you’ll eventually see the light of day!"

Xu Gang nodded. ’What league is Leibus in? The man is like the protagonist of a power-fantasy novel—a true chosen one!’

’Even though we’re both in the auto industry, I’m not even worthy of shining the man’s shoes!’

"So, when we chose to make cars, we also reviewed our own advantages. And we found that we have no advantages at all!"

Xu Gang’s expression darkened. ’No advantages at all, and you still dare to invest in making cars?!’

"But we also have money..."

Xu Gang was taken aback. ’She’s right, they do have money,’ he thought. ’From acquiring ’Tianqi’ Auto to building the modern intelligent factory and establishing the joint R&D center, they’ve already thrown away more than ten billion yuan!’

"How much money? What I can tell you is, we have more money than Leibus!"

In truth, Xu Wu didn’t know exactly how much money Chen Xiao had. But judging from his strategic plans, she knew these tens of billions were clearly not all of it.

’He even told me that if good heavy assets become available in commercial real estate, we should keep buying. Since we’re in this game, we might as well go big and become a major player.’

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