Reaching the age of thirty, my income randomly doubled

He wanted to persuade a few top talents to join him in the new energy sector.

The most important thing was to make them believe that the venture was reliable.

Or, to put it another way, that he had a high chance of success; only then would stock options make sense.

After all, these couldn't be cashed out within five years, and the luxury houses Chen Pingsheng gave away were the same.

It would be five years before the houses were officially transferred to their names.

Yan Minghui and his two colleagues took Chen Pingsheng's top-of-the-line Phantom for a visit to his Tengying Group.

Whether it was Sany Heavy Industry or Huawei, neither could be compared to Tengying at present.

Both companies had become absolute leaders in their respective fields.

They had made indelible contributions to their industries, something Tengying simply did not possess at the moment.

One could only say that Tengying was still improving.

Tengying Group was also a mega conglomerate of multiple industries, and because it spanned so many fields,

it inherently carried a much higher risk than those companies focused on a single industry.

The main reason was the lack of focus.

However, Tengying was doing very well, in terms of both financial and operational status.

Especially in financial terms, the three of them needed to ensure that Chen Pingsheng could invest a massive sum of twenty billion in the next five years.

This was critical as it was a core factor in whether the new energy vehicle venture would succeed or not.

Being able to actually put forward twenty billion was the key to ensuring they had the essential qualifications to go the distance in this race.

Not to mention that he already owned five listed companies; solely in Xiangjiang, Tengchao Commercial Management belonged completely to Chen Pingsheng,

with assets now exceeding twenty-three billion.

Add to that, the share price of Tengying Entertainment had once again reached around thirty billion, and Chen Pingsheng personally held 60% of its shares.

With just these two added together, he had a super fortune of forty billion.

And it was the kind that could be mobilized at any time.

Even individuals worth hundreds of billions couldn't easily come up with over a hundred billion like he could.

In China, there's an interesting situation where most personal fortunes are gauged through stocks in the market.

Stocks represent the value of a company, and one crucial factor not taken into account in the valuation of a company's market capitalization is its loans.

Especially in the real estate industry, who in the top ten doesn't have a debt of several hundred billion?

And some even have debts of over a trillion.

The true worth of a company should be calculated by subtracting all liabilities from its assets.

Only then can stocks be used to estimate personal wealth.

Clearly, Chen Pingsheng's companies had no operating debts, meaning he bore no operational risks whatsoever.

To take out twenty billion in the next five years would be very easy for him.

Even more wouldn't be a problem.

With that money, he would truly be a seed player in the new energy race.

All three agreed to join, though it would take some time, certainly not right away.

After all, resigning and such matters required time.

People always aim higher; once the terms he offered were agreed upon,

who wouldn't have a personal fortune of ten billion in the future?

Though this number might not seem very high, how many people could earn so much in a lifetime, speaking as the working class?

With another warrior added to the new energy field, once Chen Pingsheng was certain they would join, he began to arrange talks with the leaders in Magic City.

He was preparing to invest twelve billion in Magic City to build a super new energy factory.

Undoubtedly, this was a massive investment.

Especially when all the capital was flowing towards the state-supported new energy sector, it was warmly welcomed by the local authorities in Magic City.

They even specifically set up a negotiation group.

Chen Pingsheng also formed one on his side, to let the local authorities know he was truly committed to this endeavor.

He directly invested 14.5 billion yuan of capital into Tengfei New Energy Automobile.

Starting a company is a simple matter; if you're willing to invest ten billion, you don't even need to worry about obtaining a production license for new energy vehicles.

Magic City will effortlessly help you secure it.

It's hard to tell how many are real and how many are fake in the new energy race—every year, two hundred teams squeeze into this world-class venture.

Many people, just like in football, use playing the game as a pretext to please the local government and gain access to land or other resources.

No one can say for sure.

But Chen Pingsheng had earmarked this 14.5 billion yuan as directed investment funds.

In other words, this money could only be specifically allocated to car manufacturing.

Putting down 14.5 billion in one go in the preliminary phase, and all from his own funds, undeniably made him a major player in the new energy race.

In any case, Magic City was intent on keeping this project local.

The negotiations revolved mainly around several aspects.

One was land resources; he aimed to spend 12 billion yuan to build a super factory, so land resources were essential.

Such land is typically gifted by the local authorities or offered free for a number of years.

After all, with a project of this magnitude, just think of the tax revenue and job opportunities it can bring in the future—you'll understand its significance.

There are also matters such as the duration of tax exemption.

Tax exemption is inevitable in the initial phase of new energy vehicle manufacturing, and the local government will also provide a certain amount of bank loans.

To ensure the project can proceed smoothly.
Your adventure continues at empire

The 12 billion yuan was just for constructing the super factory; there were still a series of expenses like purchasing and developing components and new energy smart driving technologies.

None of these endeavors come without a substantial need for capital.

Especially since the automobile industry is part of heavy industry; its technological barriers are not considered too high, but without the necessary capabilities,

one would inevitably be eliminated in the future.

It can be said that after Chen Pingsheng allocated 12 billion yuan to build the super factory, he would need at least another five billion to ensure the project could continue to operate normally for the next year.

Beyond that, within the next three years, he would have to come up with another ten billion yuan to research how to build a quality car.

All of these aspects combined mean he would need to truly commit over thirty billion yuan in the coming three years.

Only then would it be possible to successfully carry out this venture.

Tong Zelan was baffled by his actions—who would start by investing over ten billion to build their own factory?

Can you guarantee that the cars produced by your factory will definitely sell well?

If the cars are made but can't be sold,

won't the factory be a complete waste?

And with such high-risk industry as new energy vehicles, he didn't even seek investment from her to share the risk.

Either he was truly overflowing with confidence, or he wanted to do things entirely his own way.

After all, if you take the capital market's money, probably no investor would agree to let you build your own factory right from the start.

The risks involved are unthinkably high.

Rarely does an outsider enter the fray and immediately talk about constructing a super factory—there aren't any.

A super factory takes at least a month from negotiation to groundbreaking.

In that time, it also gave him enough time to build a production team for the super factory.

The burden is heavy and the road is long.

He still had so much to accomplish.