Rebirth: The Financial Giant

In the office rest area, Lu Ming was making tea quite comfortably while listening to Zheng Hongrui's work report.

"Although the pre-sale volume can quickly withdraw more than 60 billion funds, but we will invest again soon. The problem is that we are selling at a loss. The bigger the sales volume, the bigger the funding gap in the future." Zheng Hongrui explained in an orderly manner. , then added: "And the policy subsidies will be gradually withdrawn from this year, which will bring a lot of financial pressure."

It is worth mentioning that since the beginning of the new year, practitioners in the industry have called this year the "new energy winter", and they are generally pessimistic about the new energy vehicle market this year, and even some. At the moment, the agency boldly predicted that the sales of new energy vehicles this year may decline compared with last year.

One of the big reasons is that policy factors cannot be ignored. Just last month, the relevant departments of the four departments of finance, taxation, industry and science said that they would cancel the financial subsidies for new energy vehicles in 2O2O.

Zheng Hongrui went on to say: "If the subsidy policy is adjusted substantially and rapidly, it will have varying degrees of impact on the operation and planning of enterprises in the industry, resulting in increased operating pressure. The direct impact is on pricing and sales, and indirect The impact is the question of whether or not to quickly adapt and adjust the corporate development strategy.”

In contrast, if the subsidy is canceled in advance, the new car-making forces that have not yet formed a sufficient scale just after the product is launched will feel more pressure. Tianchi Technology is now mainly relying on Tiansheng Capital to fully fund it, and it is also It's not a big problem, but it may not be the case with other new car-making forces.

During this period of time, the National Energy Administration has established a mechanism of “retreat, adjust, and launch”. The state will gradually introduce policy subsidies from this year until they are all withdrawn next year. On the other hand, the state has recently strengthened the review of the qualifications of new energy vehicle companies. , the disqualification of 30 car companies before this is the best proof.

The retreat mechanism can be said to be an international practice. While providing subsidies, according to the development of the industry, there are plans and clear goals to gradually reduce subsidies. Clear time nodes and quota limits.

It is foreseeable that after the subsidy declines or even cancels, some car companies will inevitably withdraw from the competition arena. Many institutional analysts believe that new energy car companies will usher in the peak of pancake restructuring in the next few years.

With the tightening of policies, the intensification of industry reshuffle, and the increasingly fierce competition is an inevitable trend in the future.

Obviously, a series of new measures introduced by various national departments are restricting the new energy industry. On the one hand, it is to strengthen market guidance and eliminate more backward enterprises. With the development of the new energy industry, the introduction of Tesla's "catfish" to a certain extent is also to a certain extent, the phenomenon of domestic subsidies for comfortably eating cannot stand.

With the introduction of this series of new measures, a large group of new energy vehicle companies could not stand it, and all kinds of shouting and shouting that the cold winter of the industry is coming.

As a result, just this month, Tianchi technology threw out a king bomb, and the 24-hour pre-order of the flash chi exceeded 310,000. Call this a cold winter? It is indeed a cold winter for some so-called new car-making forces who make up their own minds and make up for it!

Under the new situation, only by grasping the changes in the market and continuously improving can we have a place for development after the introduction of subsidies, otherwise we can only face the fate of being eliminated.

In front of this dazzling report card of Tianchi Technology, it is undoubtedly good news for the National Energy Administration. For the new energy industry, the state's financial subsidy support is not a talisman for companies to make up their own money and cheat.

Before, to a certain extent, I was worried that cutting subsidies would make the development of the domestic new energy industry lag behind. After all, this is a major national strategy, which gives some room for cheating car companies.

Today, Tianchi's technology has become a blockbuster, as if it stood out from the crowd in the entire industry overnight.

At this time, Lu Ming said solemnly: "No matter what, the state's subsidy to Tianchi technology will not be easily reduced in terms of policy. The news from the four departments last month was the result of the so-called new car-making forces who made up for it and made up for it. In the cold winter, on the contrary, Tianchi technology is the key support object."

Having said that, Lu Ming leaned back on the sofa and smiled faintly: "Even if the subsidy is not given, it is not a fatal problem. In short, the sky will not fall."

The most important thing that Tiansheng Capital lacks is money. Its sickle is being greedily harvested in overseas markets. Take the US stock market as an example. In the middle and late December last year, the company's diving funds flipped a lot, and it is now making money.

In Big A, it is necessary to gradually play the role of the market ballast. After the capital enters the market, it is generally not easy to change, but overseas is another matter. How to harvest money from diving and harvesting quickly, it is not your own business. .

Zheng Hongrui immediately smiled when he heard the words: "If you have this sentence from President Lu, then I will really speak loudly!"

Lu Ming changed his posture and crossed Erlang's legs again, "Let's go!"

Zheng Hongrui said in an orderly manner: "I held a senior management meeting in Tianchi in the morning, and we agreed that the production capacity of flash cars should be expanded to one million this year, and the actual production cost of each car will be 476,000 yuan. At the beginning, it may be reduced to 450,000 yuan, excluding the comprehensive subsidy, about 193,200 yuan of loss for each car sold, basically a loss of one car."

After a short pause, Zheng Hongrui further said: "A rough estimate is that the capital required to produce 700,000 vehicles in the next three quarters will require an investment of about 330 billion yuan. If we really sell 1 million vehicles this year, we will overall The loss is close to 200 billion yuan, and the increase in production in the second three quarters will lose more than 130 billion yuan. According to comprehensive estimates, a capital gap of 72 billion yuan is needed to ensure the safety of funds."

Judging from Zheng Hongrui's description, in the next few years, the debt ratio of Tianchi Technology will definitely explode, which corresponds to the other extreme of Tiansheng Capital, which has almost no debt.

In comparison, Jobs' hole and Tianchi's technology here are nothing compared to one another.

However, Lu Ming doesn't care about the debt problem of Tianchi Technology at all, at least it's not the primary problem. It doesn't matter if the debt is large. The key is how much market share can be exchanged. You must know that the annual operating income of the domestic automobile manufacturing industry exceeded 8 trillion yuan last year. RMB, the elimination of traditional fuel vehicles is inevitable, and carbon neutrality is already on the way~www.novelmt.com~ And the real core value of new energy vehicles has never been the actual vehicle itself, but the data.

The high value of data requires huge scale support to form a super data platform. In Lu Ming's eyes, Tianchi Technology is not a traditional car manufacturing company at all, but an Internet technology company. The valuation logic and financing support are also based on this. come.

At the end, Lu Ming replied succinctly: "72 billion, right? No problem!"

Zheng Hongrui couldn't help nodding his head. It's not surprising to get the money. I have to say that it's comfortable to have such a gold-lord father. No matter how cold the new energy industry is, Tianchi's technology is in full swing.

It is worth mentioning that Tiansheng Capital has provided huge amounts of financial support to Tianchi Technology over the years.

And you have to pay interest, but the interest is much lower than the bank loan interest rate, and you have to pay a little bit.

In comparison, the 20 billion raised by the STAR Market is really not enough to fill the gaps between the teeth.

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