Chapter 445: Acquisition is cheaper than new construction

Xiao Chu has explained the reasons for choosing Baowo, has a complete car manufacturing and sales chain, and is regarded as a capital tool by Tianxing Youche. It can be financed and sold at any time. It is definitely one of the best choices.
If he chooses to talk with Bidi and let Bidi Auto hand over the entire electric vehicle production line to Pangu Technology, Bidi will not be happy.
Bidi, which relies on electric cars for dinner, is fundamentally different from Tianxing Youyu, which relies on car rental and financing for dinner, the latter knows more about reluctance.
"We bought the negative assets of Tianxing UCAR. I think it should be happy." Xiao Ming said.
Qian Yi said, "Also, half a month later, at the Geneva Motor Show, Zhang Derui is preparing application materials."
The Ribewa Auto Show, one of the world's largest auto shows, is known as the industry's weathervane, and it is also a platform for luxury cars and future conceptual cars in the Omega region to showcase themselves.
Many Xia state-owned auto companies are proud to be able to make their debut in Geneva, because making an appearance in Geneva means getting a stage on display all over the world. Regardless of your car's quality and word of mouth, it can attract eyeballs and traffic with its name. .
With the rise of Xiaguo ’s auto industry, many Xiaguo ’s auto companies have made their debut in Geneva, but due to the poor quality and reputation of Xiaguo ’s own brand cars, Geneva ’s review of Xiaguo ’s auto companies has become more and more strict .
Xiao Ming said: "It doesn't matter where the display is, it's up to Huayi Technology to acquire Baowo's production line."
As the only listed company of Pangu Technology, Huayi Technology has the financial function of Pangu Technology in addition to technology development of its own products.
After getting the exact instructions from Xiao Ming, Huayi Technology sought to negotiate with Tianxing Uche.
The seemingly beautiful Tianxing U-Car has always been short of money.
Tianxing UCAR, like most new startups, will always need funds in the process of expansion.
In addition to relying on their own profits to obtain funds, the most important thing is to rely on their own concepts and industries for financing.
After acquiring the equity of Bao Wo a few years ago, Tianxing UCAR did not put it at home as a god, but as a tool of capital.
In the name of Baowo, it cooperates with some second- and third-tier domestic car brands to develop joint-venture cars, and Lara invests.
Cooperate with some Internet brands in the name of Bao Wo to develop Internet automobile cooperation brands, and then invest in Lara.
Then develop a few Internet + car concepts in the name of Bao Wo, let international capital financing look.
This is a strange aspect of Xia Guo's economic market. Those who can survive may not necessarily be non-enterprise companies. They are most likely to be financial companies.
On the surface, Tianxingyou car is actually a financial means, so it will live very well.
When Xiao Ming saw these methods used by Tianxing UCAR in the financial market, he couldn't help but give a thumbs up. At present, many people in Xia Guo's financial market are playing like this. Well, it became Didi, Tianxing Youche, Meituan and Hungry.
When Huayi Technology threw an olive branch on Tianxing UCAR, Tianxing UCAR accepted it without thinking.
"Bao Wo is developing a new energy Internet + car. Our new generation of Bao Wo cars has won conceptual awards at the New York Auto Show, Washington Auto Show and other auto shows. Our car design has won the Paris Auto Design Award ...
Wang Yangqian was negotiating with the top executives of Tianxing UCAR. At the beginning of the negotiations, Tianxing UCAR threw out concepts one by one and one by one.
The concept of showing off the Internet + and new energy in front of Huayi Technology is just showing off the concept in front of Pangu Technology, which has a lot of meaning.
The senior executives of Tianxing UCAR certainly know that Huayi is a subsidiary of Pangu Technology Group, and that Huayi is a financial tool of Pangu Technology Group.
Tianxing UCAR also puts Chinese translation in the same position as Ali and Penguin. The reason why these large Internet technology companies choose to invest in Baowo is also to invest in new energy vehicles and invest in the future.
Tianxing UCAR removed the very attractive cooperation conditions for Huayi in the conventional way, that is, the purpose of producing and manufacturing Internet cars of type XX was to attract Huayi financing. The first round of financing amounted to 1 billion soft sister coins.
Wang Yangqian directly turned the page of Tianxing Youche's plan and said, "General Manager Li, I think you misunderstood the meaning of Huayi. This time, Huayi is not here to discuss financing and cooperation with your company, but to acquire it. The entire stake in your company.
Bao Wo has a complete R & D, production and market chain, so its sales are not good, but it still has its value.
Mr. Li of Tianxing UCAR was stunned, "acquiring Bao Wo?" He said with a smile: "Last year we also discussed cooperation with Penguin, but we will never talk about buying Bao Wo."
"But as far as I know Penguin hasn't invested in Skywalk, the times have changed."
Mr. Li's face was not very good. Baowo completed his historical mission in Tianxing Youche two years ago. Baowo improved Tianxing Youche's reputation and completed several rounds of financing. As for the completion of the closed-loop sales of car manufacturing, to put it bluntly, according to the current investment of Tianxing UCAR in Bao Wo and Bao Wo's production capacity, the price of car manufacturing is more expensive than buying a car.
As a car rental company, what you need is not an over-branded car, but an excellent car.
Car owners like Corolla to beat the Borgward BX5.
In addition, Baowo has to burn money from the entire industrial chain from design to production, which has also become a burden for Tianxing UCAR.
In order to save costs, Tianxing UCAR has temporarily closed the German production and design department. At present, the cars produced by the Yanjing production department were designed in Fukuda a few years ago. As for the so-called modification, it is just a headlight. Change the rear light, change the color of the interior, and the emission standard meets the national standard, that's it.
This year, Baowo ’s estimated global sales may be less than 30,000 units. At least half of the 30,000 units will be digested by Tianxing Youche. The payout and income are not proportional.
Wang Yangqian gave her own offer-3 billion soft sister coins to buy 67% of the shares of Baoxing in the Xingyou rider.
"3 billion? At the time of the acquisition, we spent 4.1 billion!"
"Capital has a loss ~ EbookFREE.me ~ Futian also injected 10 billion capital. And we are cash."
The competition in the automotive industry is so fierce that it was not an era when a brand could sell money.
President Li looked at Wang Yangqian, and the price was seven inches.
Wang Yangqian did not have time to entangle too much with Tianxing Youche, leaving behind the cooperation agreement and leaving.
President Li saw that Wang Yangqian had seven or eight points of agreement, and indicated the names of other partners in the position of the agreement.
Bao Wo is only one of the negotiating objects. There will be Lifan, Huachen, Yangcheng Automobile Fiat and Qoros.
These cars that are about to go bankrupt but have a complete production chain are the targets of Pangu Technology's acquisition.
Why buy? Because according to Xiaochu's calculation, the capital spent on acquisition is cheaper than setting up a complete production chain. Entering the automobile industry from 0 to establish an industrial chain requires not only about 10 billion yuan of soft coins, but also a long process and time wait.