Chapter 682: An'an Strives to Catch Up_2
In these years, the market environment for private enterprises has led large companies to rarely explore new markets.
Naturally, there is no need to recruit a large number of people.
This has made it increasingly difficult for college graduates to find employment. The current solution is to divert education.
Encourage more people to learn a trade.
Cooking, hairdressing, and auto repair are the three major types, known as the three treasures of impoverished families.
An unwilling and helpless choice. If a family had a good path, they wouldn't learn these skills.
When Chen Pingsheng returned home, he discussed with Song Yanxi, considering whether one of them should accompany their child for exams.
Although their family seems to have no need for this, the necessary procedure must be followed. The most important thing is that if other children have it, he hopes An'an will have it too.
Recently, Song Yanxi has been worried about Chen Lu's excessive honesty and hasn't had much time to accompany An'an for her college entrance exams.
Chen Pingsheng decided to go himself. After all, the group currently doesn't lack money, and he has already allocated all the research funds that need to be given.
Many companies want to conduct their own research but often shrink back in front of large sums for research funding, which easily leads to abandoning projects halfway.
This is not a phenomenon that would ever happen to Tengying Group. His funds are indeed too abundant.
Tengfei New Energy is already profitable, and Tengde Era as well, with the mobile business fetching over 160 billion, and 50 billion reserved for subsequent research funding.
The only unprofitable one is Tengfei AI.
There's hardly any competition in this industry, with only a few global companies capable of doing it well.
Tengfei AI annually advances with 40 billion in research funds and over one hundred thousand top mathematicians, physicists, and research engineers.
Large and small AI projects are continually being developed.
But truly wanting to bring Tengfei AI to market is unlikely without four to five years.
Currently, Tengde Era is valued at over 350 billion, and Tengfei New Energy has reached 480 billion.
He personally holds shares of 20% and 21% in these two stocks, respectively.
On September 8th, he discreetly liquidated 0.5% of his NVIDIA shares.
Collectively obtaining 16 billion US Dollars.
Through Tengying Capital in Xiangjiang, he used this money entirely to purchase shares in the secondary market of Tengde Era and Tengfei New Energy.
Taking out 110 billion himself to sweep the market naturally led to a rapid rise in stock prices for Tengfei Automobile and Tengde Era.
Rather than believing NVIDIA could reach 6 trillion US Dollars in the future, he trusts his own Tengde Era and Tengfei New Energy to reach trillion-dollar valuations.
Between maneuvering and shifting, it's just to achieve asset multiplication faster.
This time, gaining 12% of shares that can be cashed in anytime.
Mid-September, Tengfei Automobile launched its flagship model, the Longteng S700 electric model.
Priced between 320,000 and 500,000.
Equipped with Tengde Era's groundbreaking product, the Teng Core Sixth-generation solid-state battery.
The cost of a set of these batteries ranges from 120,000 to 200,000.
The range achieves an astonishing 3,000 kilometers, entirely meeting any long-distance needs.
Moreover, the most crucial aspect is charging for 10 minutes to achieve a range of 800 kilometers.
Additionally, paired with Tengfei's latest AI intelligent driving assistance, it completely frees drivers.
With development over eight years, statistics over five years, and testing over two years, one will find that Tengfei AI's intelligent driving technology is much safer than drivers themselves.
The accident rate is significantly lower.
Even so, Tengfei AI and Tengfei New Energy Cars dare not promote zero accidents externally.
Once such an issue arises, it becomes a calamity. Life is paramount, and if they dared to promote this, even a single car accident would entirely be the responsibility of the car manufacturer.
Whether it's intelligent driving technology, the Teng Core Sixth-generation solid-state battery, or the chassis tuning technology of the current Longteng S700, it's no exaggeration to say it's the best choice under the million-level model.
Not even with a second to compare.
This is a flagship product collaboratively developed by over fifteen thousand top engineers with research funds as high as 300 billion over eight years.
Also, it's the pinnacle creation of Tengying Group for 2024, with little external promotion before the launch.
And little promotion after the launch needed.
Tengfei New Energy Cars now truly have a flagship model that can establish its foothold in the global market.
Chen Pingsheng has awaited this day for eight years, and it's also a masterpiece drawing on the heart and soul of the entire group.
He knew the difficulty in supporting Tengde Era to independently develop the six-year solid-state battery.
At that time, there was no return at all, not even visible returns.
Moreover, he poured countless funds to develop the overall technology of Tengfei AI and New Energy Cars to this present stage.
The Longteng S Series models are the flagship models he uses to conquer the global market.
And the true super existence capable of competing with Tesla in terms of quality, including overseas with Tesla's FSD.
Despite the domestic new energy hype, removing national sentiment overseas, it isn't on the same level as Tesla at all.
Not to mention competing at the same price level with Toyota and Volkswagen.
Also not on the same level.
People can only rely on domestic policy protection and consumers' patriotic sentiment to gain large orders.
What Chen Pingsheng has always wanted is to strip away these elements and compete overseas with Tesla, including Toyota, Volkswagen, and other car manufacturers.