readytorunbook Chapter 376 Wang Chuanfu's Concerns
Chapter 376 Wang Chuanfu's Concerns
Wang Chuanfu felt a little embarrassed when he heard this, but he still mustered up the courage to ask Hao Qiang, "Mr. Hao, may I ask if your company plans to enter the low- and mid-end new energy vehicle market?"
He was worried: If Future Technology Group really entered the field of mid- and low-end new energy vehicles, what chance would BYD have?
Logically speaking, Hao Qiang has always been committed to building high-end brands and is unlikely to get involved in low-end models.
But what if they change their strategy?
After all, who can resist money?
"We will definitely not get involved in the low-end market, and as for mid-range models, the definition is rather vague.
However, I can tell you that within the next ten years, I have no intention of entering the market with a guide price below 25 yuan." Hao Qiang didn't care, so it didn't hurt to tell him.
If it were someone else, he would never reveal it.
Wouldn’t it be better to keep your competitors from seeing through your strategy and keep them on their toes?
Compared with other new car manufacturers, BYD is truly focused on making cars rather than playing with financial cars. This is also why Hao Qiang admires Wang Chuanfu.
Maybe, BYD will also produce high-end cars in the future, it doesn’t matter.
By that time, Future Technology Group might no longer be interested in the automotive industry and might transform itself.
"Thank you. This is very important information for us," Wang Chuanfu said happily.
"You're welcome. I hope more colleagues will enter the new energy vehicle industry. This market is too huge," Hao Qiang said sincerely.
When the competition in the new energy vehicle market becomes fierce, Hao Qiang may have found a new track and will no longer be involved in new energy vehicles, but only sell lithium batteries.
Just like electric motorcycles, in a few years, once the profit margins shrink, he will definitely cut them off without hesitation.
In Hao Qiang's view, there is no industry with permanent high profits.
As long as you can constantly upgrade your technology store, you will never have to worry about running out of new technologies.
Even if we rely on our own thinking power to develop, although the cycle may be longer, we will eventually achieve a technological breakthrough.
The two sides chatted purposefully, and Hao Qiang finally proposed a unified charging standard for new energy vehicles, which Wang Chuanfu strongly supported.
This is a favor. You can't expect others to agree to your request.
Future Technology Group is willing to license charging technology.
However, Hao Qiang has three key conditions for this technology authorization:
1) For every 10,000 vehicles produced, Party B must invest in at least 100 public charging stations.
2) The signing fee is RMB 2000 million and the technology licensing fee is 0.5% of the car's sales price.
3) Charging fees for charging piles are unified and set by Future Technology Group.
Although charging stations charge different fees, the charging fee for consumers is the same.
Hao Qiang does not want to invest too much money in charging stations, and needs colleagues to expand the number of charging piles and share the risks.
Wang Chuanfu thinks this request is quite reasonable.
Technology licensing fees, that goes without saying.
The cost was neither too low nor too outrageous, and was within his affordability.
Future Technology Group plans to invest 50 billion yuan to build at least 1.5 charging stations.
As long as Wang Chuanfu agrees to the agreement, BYD can use Future Technology Group's charging technology and charging pile network.
Of course, the use of charging technology requires payment of authorization fees, and the cost of using charging piles is also relatively high.
In the future, when car owners use dedicated charging piles, the charge per kilowatt-hour will be between 0.8 yuan and 1 yuan.
Owners of non-Future cars will have to pay 1.5 to 2 yuan per kilowatt-hour for charging.
In addition, peak and valley electricity prices are also different.
In addition to electricity charges, additional parking fees may apply.
If you park your car without charging, the parking fee will be between 3 and 5 yuan per hour.
Taking the future ES6 standard version as an example, a full charge requires approximately 60 to 70 kWh of electricity.
Wang Chuanfu made a simple calculation for Future Technology Group:
Assume that 50 new energy vehicles use public charging piles every year, and travel an average of 1.5 kilometers per year, of which 1 kilometers require external charging.
If all the charging is done for self-branded vehicles, the annual gross profit will be approximately 3 million yuan.
Compared with the 50 billion yuan investment, it will take at least 17 years to recover the cost, not including interest and maintenance costs.
If non-own-brand vehicles also use these charging piles, the annual profit margin can reach about 9 million yuan.
On average, the investment cost can be recovered in about 10 years.
Of course, if millions of new energy vehicles use these charging piles every year, the payback period will be greatly shortened.
There are 15 charging stations, and assumming that a car can be fully charged to 80% every 1.5 minutes, each car needs an average of 30 minutes to charge.
Theoretically, each charging station can charge up to 48 times a day, but in reality it may be around 15 times.
This means that 1.5 charging stations can theoretically meet 2.6 million charging needs per year, and actually about 8000 million times.
Assuming that each vehicle charges 20 times at a public charging station per year, the scale of this charging station can meet the needs of at least 400 million new energy vehicles.
If there are really so many new energy vehicles using external charging piles for charging, it is still worth investing.
However, it will take two to three years for the domestic number of new energy vehicles to reach 50.
As for millions of vehicles, that is too far away.
Therefore, investing in charging piles is basically a loss at present.
However, if you want to get a share of the new energy vehicle industry, building a public charging network is essential.
Therefore, Hao Qiang invited more car companies to join in the construction of charging piles to promote the development of new energy vehicles.
It can be said that Wang Chuanfu really signed this charging agreement, and BYD is currently taking advantage of Future Technology Group.
If Future Technology Group does not open charging stations, they will have to build charging piles themselves, which will be a huge investment.
But without investment, new energy vehicles will be difficult to sell.
Of course, BYD needs to pay technology licensing fees.
If 100,000 vehicles are sold with an average suggested retail price of 200,000 yuan, the technology licensing fee will reach 100 million yuan.
It may not seem like much, but if the sales volume is large, then the cost will be very high.
Wang Chuanfu initially agreed, but he still had to return to the company to discuss the cooperation plan with senior management.
After initial communication with Hao Qiang, he left Future Technology Group.
Hao Qiang saw Wang Chuanfu off.
After returning to the office, he carefully considered the cooperation plan he had formulated.
Both sides win, and no one will suffer a major loss.
As long as the new energy vehicle market is expanded, Hao Qiang will still be the biggest beneficiary.
He has upstream enterprises and masters high-end technologies for new energy vehicles.
If you guys fight to the death, then he will sell technology and make money from technology licensing.
Today, Future Technology Group has several new patents every day on average.
This daily data is nothing. In 2023, BYD had dozens of new patents on average every day.
at night,
Hao Qiang returned to Ersha Island in Yuecheng to accompany Han Qingying and Qiu Yuqing.
After dinner, Qiu Yuqing said to Hao Qiang, "Brother Qiang, Tengxun's stock price has risen sharply recently, reaching HK$125."
Hao Qiang gave her 10 million shares of Tengxun, and Han Qingying also received the same number. The share price was only HK$40 at the time.
"Ah, is it so high now?" Han Qingying didn't pay much attention to this and only found out after hearing Qiu Yuqing say it.
"That should be about right. It will continue to rise. You can just take the dividends. There's no need to sell off your holdings." Hao Qiang said with a smile, "My shareholding ratio is 6.44%, or 1.2 million shares."
The financial crisis has passed. Compared with September last year, not only has Tengxun's stock price risen, but other stocks have also risen sharply.
The Pingguo stock he invested in has more than doubled in value and is currently worth more than 2 billion US dollars.
He plans to hold these two stocks for a long time.
They will only sell off when Future Technology Group forms a hostile competitive relationship with them.
"Brother Qiang has a really good eye." Han Qingying and Qiu Yuqing praised at the same time.
Hao Qiang grinned and smiled proudly: "Well, you have good taste. You like me, haha."