LGHTNOVELBOOK Chapter 299 Auto Show and Situation_2
For Old Chen now, spending millions on a car was just like picking carrots and cabbages.
Picking out clothes was casual, and so was buying cars.
On January 16 this year, BMW launched a new model, the M760Li xDrive.
The M760Li was equipped with the same 6.6L V12 engine as Rolls-Royce.
Although its power parameters were not very exaggerated, it was the fastest accelerating BMW in history.
0-100km/h took only 3.7 seconds.
It was also the only sedan among the V12s equipped with an all-wheel drive system.
BMW had set its sights on competing with the AMG S65 with this model.
With a landing price of three million, a swipe of a card sent two BMWs home.
Besides, he also bought three of the newly released Panamera models this year, whose design was said to be timeless.
The most beautiful sports sedan was no joke.
He had to purchase every different model and bring them to Tengfei's design department for a one-to-one restoration first.
Only then could they develop the first car model most suited for Tengfei New Energy on this basis.
Buying cars was not the goal; making them was.
The spoiled brat shopped with him for a whole morning, insisting on choosing one she liked.
Her taste was unparalleled; ignoring all the luxury cars available.
She actually took a liking to the newly released Mercedes smart.
A super small micro car, with a high price tag of over two hundred thousand.
Saying it was a tax on intellect wouldn't be wrong.
People driving a Mercedes E300 might not have money, but those who drive a Mercedes smart definitely do.
Otherwise who would stupidly spend hundreds of thousands on it, it looks like an old man's toy.
Chen Pingsheng bought his daughter two, one sky-blue hardtop and one orange convertible.
Chen An'an really liked them, feeling as if they were big toys.
This type of car had no research value and could just be left in the corner as a display.
...
After buying the cars, Chen Pingsheng went to his Tengfei New Energy headquarters.
The Ecological Park was still not completed; he had arranged to rent a 21-story headquarters building in advance.
His investment in the field of new energy vehicles, although already the biggest domestically, was still far behind Tesla internationally.
Not to mention being founded ten years later, it also still lacked sufficient funds.
He entered the industry not to compete with those domestic companies that scammed subsidies.
His target had to be global!
First, there was the super factory, then the Ecological Park, followed by the motor, electronic control, AI intelligence field's eight major research institutes.
He was already covering the entire industry chain.
Additionally, the Tengde Era battery factory was independently separated by him, and in less than a year, he had already invested over forty billion in research and development.
As of now, the total investment exceeded six hundred and fifty billion.
Currently, Yan Donghui, the former dean of Sany Heavy Industry Research Institute, was responsible for setting up the entire Tengfei New Energy.
Zhang Qiming, the former president of BMW Group China Area, was in charge of component procurement.
As for the Consumer Business Department, Xu Dong was responsible for it, focusing on the core R&D areas.
Coming from a vice president position at Huawei.
This formed the top management trio of Tengfei New Energy.
Since he was from Huawei, Xu Dong particularly emphasized R&D. Anyone who had worked at Huawei knew it well.
Their products never relied on price for success; the core was still in creating higher value.
Namely, by leading with core technology.
This was aligned with the current goals of Tengfei New Energy; fortunately, Huawei had not yet entered the car manufacturing field.
Otherwise, with its capabilities, it could definitely crush ninety-nine percent of the competition.
Xu Dong had directly pointed out that what Tengfei New Energy currently lacked most was R&D talent in AI artificial intelligence.
Ordinary talent was definitely abundant domestically, but top research talents, requiring a large number of mathematicians and electronics engineers, were still very scarce.
Even Huawei, as strong as it was, was still learning the ropes in the AI field compared to advanced technologies abroad.
It was just last March 9.
Google's AI program AlphaGo had shockingly defeated Kimchi Country's top Go player, Lee Sedol.
AI subsequently entered the public eye more widely.
Many people might not understand what AI is?
Put simply, AI can replace ninety percent of the production workers on assembly lines in the future.
You must know that since the southern speech in '92 in China, what really allowed it to develop rapidly, besides the policy opening up,
was primarily because we had the world's cheapest labor force.
And the most diligent workers on production lines, who could tirelessly work overtime day and night.
It was because of this that Huaxia was able to step onto the world stage.
Foreign giants, due to high labor costs, transferred their OEM production here,
thus solving a large amount of employment and income issues for the grassroots workforce.
This was the investment attraction under that era.
Once AI is further developed, this advantage will be completely undermined.
Foreign giants could replace production with robots produced by artificial intelligence,
needing only to input AI programs into them. Enjoy exclusive chapters from My Virtual Library Empire
When this step is reached, it means that it is very likely that a large number of factories will relocate back to their own countries,
potentially causing unemployment rates to rise indefinitely.
When assembly line production can be completely substituted by AI, only a small amount of human labor will be needed to complete the production capacity of a Foxconn.
This would greatly change the situation of insufficient basic industrial chains abroad.
In short, this would not be good news for China.
And this is just one application scenario of AI.
After all, we have over a billion people needing jobs and food.