abnabooks Chapter 314 Big News
Chapter 314 Big News
Listening to her dad's words, Chen An'an felt like she had grown up a lot in an instant, but then a few days later, she would revert to her factory settings.That's probably how it is at her age!
In the evening, she still decided to take the little fart kid shopping to give her an idea of the current basic prices.
But she seemed to have forgotten one thing: her family always buys the best.
The kind that never looks at the price.
There are many high-end malls in Magic City, but her favorite is still the iconic shopping architecture of Global Harbor in Putuo.
When she first came here, Chen An'an even ran into her best classmate, Yang Lele.
Yang Lele is different from Zi and Xiaomi; she was the kind who studied very seriously.
Having played with her for a while, she certainly had gained some experiences.
Multi-billion-yuan super yachts, twenty billion-yuan mountaintop villas.
With such setups, her mom, Zhang Cuicui, often told her that all she needed to do was study hard, and she could have anything in the future.
Yang Lele clearly believed it.
The three of them went shopping together in the large department store.
...
May Day mini-holiday.
Big news came from Tengying Group; after more than a month of negotiations, they finally acquired a full set of vehicle technology from Russia for 7.8 billion yuan.
Thoroughly cemented Tengfei New Energy's complete technology in its fundamental module.
As the news returned to the domestic scene, it became another major global automotive acquisition case after Geely's purchase of Volvo.
Volvo involved a whole vehicle acquisition, while theirs was merely an acquisition of a century's worth of technology.
Fortunately, the Americans couldn't regulate the Warrior Nation, otherwise such a significant technology transfer would definitely be restricted.
To assimilate this technology, Chen Pingsheng also announced at the headquarters of Tengfei New Energy that apart from Magic City, Tengfei would establish re
immediately switched it out, substituting a 5A for a 3A.
Another scenario was extreme squeezing, which easily led to quality issues.
Simply put, to control costs, component manufacturers in the supply chain were left with only a tiny margin.
They had to substitute inferior products to make a profit.
It would be odd if the products assembled from these didn't have issues.
A certain domestic brand known for its extreme cost-effectiveness had this problem.
Often, the first batch of products was fine, but those produced later invariably had some issues.
After discussing it with Xu Dong, Yan Donghui, and Zhang Qiming for three days, Chen Pingsheng finally determined his core supply chain management strategy.
First, it was essential to ensure all suppliers to Tengfei New Energy had sufficient profit margins.
Although this would increase the cost of manufacturing cars, the benefits were limitless.
If others didn't have a profit, it would be impossible for them to upgrade their products.
Furthermore, without profits, they would find ways to substitute inferior products.
This approach was very detrimental to any brand's long-term strategy.
Moreover, Tengfei New Energy was even planning to establish its own component supply research and development center.
To help its small-scale manufacturers, or quality manufacturers, grow together.
This goal could only be a future one, as achieving it would be impossible without an investment of hundreds of billions.
They formed a substantial supply chain management selection team, led directly by the former vice president of BMW, Zhang Qiming. Read exclusive adventures at My Virtual Library Empire
All three of them took a 5% dry share of Tengfei New Energy, based on the current net investment.
This stake was also worth forty to fifty billion; no one would be foolish enough to gamble such immense earnings for a mere bribe.
Moreover, his supply chain management was like the purchasing at Tenghui Department Store; reporting corruption meant that the money, whether a million or several million, belonged to the individual reporter.
With this rule in place, everyone would keep an eye on anyone around them who might be tempted to be corrupt.
Finding corruption was never difficult; what was crucial was an absolutely rigid system.
As of now, there had been no cases of purchase officer corruption at Tenghui Department Store for a year.
In the early days, there were quite a few, mostly reported by friends or subordinates.
The reason was nothing else but huge temptation.
You take money cautiously; I report openly,
and might even gain tens of thousands or a senior position from your side.
Forget about regular colleague relations; I would report even my own brothers.
"Every man for himself, and the devil takes the hindmost" isn't that an old saying?
The super factory was expected to be completed by August, and managing the supply chain was urgent.
Chen Pingsheng planned to spend six months perfecting the entire selection team.
He came to understand why so many people, after getting billions in loans with just a PowerPoint presentation, failed to produce a single car.
Without a starting fund of two hundred billion, it was impossible to produce a good car.
Even if one was produced, it would just be a subcontracted production.
This was wholly contrary to his future expectations; once he completely assimilated this batch of technologies,
he expected that by this time in 2018, Tengfei New Energy would be able to conduct offline testing.