Chapter 38

After the applause, Lin Yi addressed all the research staff:

"Thank you all very much; without your day-and-night collaborative efforts, it would have been impossible to develop such a high-performance battery so quickly.

You are all heroes of Fengyi Technology...."

Lin Yi's words brought smiles to the faces of many young researchers in white lab coats.

To be honest, when they first joined Fengyi Technology, an obscure little company, it was the reputation of Dr. Zhao, former head of R&D at Applied Materials in the United States, that attracted them.

However, after spending some time interacting with the company's boss, Lin Yi,

many of them came to understand him; initially, upon meeting their boss Lin Yi, they had assumed he was merely a rich second-generation heir.

Though they said nothing aloud, deep down they held him in slight contempt.

After all, they thought he was just someone using his parents' money to start a business, a lucky fellow who happened to encounter Dr. Zhao and Dr. Wen.

But as time passed and they worked alongside him, these researchers realized their boss was no rich second-generation heir at all;

in fact, he hailed from the mountainous regions of Guizhou Province, far poorer than most of their own families.

The reason he could establish Fengyi Technology was entirely due to his own abilities.

Immediately, these new employees felt immense admiration for their boss.

Furthermore, although the boss's personal research and professional expertise were not particularly strong,

his conduct and way of handling affairs were impeccable.

Even though Fengyi Technology was still just a small company, the treatment he provided them surpassed that of some large corporations, even Fortune 500 companies.

At the very least, some of their classmates who graduated from Tsinghua or Peking University, even those working at Fortune 500 enterprises,

when asked about their compensation, did not fare as well as they did;

This invisibly increased these employees' sense of belonging.

However, in just about a month, Lin Yi had injected 50 million yuan into Fengyi Technology,

nearly draining his entire savings.

Most of this was used to purchase equipment, leaving around 15 million yuan remaining in the company's accounts.

Now, seeing the results achieved through such substantial expenditure,

Lin Yi still felt it was entirely worthwhile.

The next step now was how to achieve mass production and promote the battery.

Although the old saying goes, "Good wine needs no bush,"

in modern society, this phrase is no longer quite applicable.

Even the most fragrant wine must be displayed; if it remains hidden in an alley forever, even the finest nectar may go unnoticed.

Thus, moving forward,

on one hand, Lin Yi instructed Dr. Zhao and others to apply for international and domestic patents regarding the new battery.

The patents involved numbered approximately 159 items.

On the other hand, Lin Yi sent personnel to coordinate advertising campaigns with Baidu, Tencent, Sina, and others.

Finally, Fengyi Technology would gather media reporters from across the nation to hold a cobalt-free lithium battery launch event in Magic City.

The venue chosen was the Oriental Sports Center in Magic City.

The entire launch event, including venue costs and reporter reception expenses, was estimated to require an investment of 3 million yuan.

This was only possible because of the reputations of Zhao Zhao Xuebin and Wen Xiang.

Otherwise, even if Lin Yi were willing to pay, few reporters would likely attend a launch event for an obscure little company like Fengyi Technology.

Soon, thanks to the ample funding and several hired influential online personalities,

advertisements for Fengyi Technology flooded the internet.

"A Massive Breakthrough in Domestic Lithium Batteries!"

"New Solid-State Lithium Battery, A Product of a New Era!"

"Cobalt-Free Batteries! Chinese Tech Companies Step to the Forefront of the Global Battery Industry!"

A tidal wave of advertisements swept across the internet.

In no time, netizens nationwide became aware that a company called Fengyi Technology seemed to have invented a new battery technology.

Although online reports claimed this battery was incredibly powerful, filling numerous gaps in the nation's battery technology,

most netizens remained skeptical about these advertisements.

Mainly because no matter how good the ads were or how impressive the data appeared,

without seeing the actual new battery, people found it hard to believe.

"A new cobalt-free lithium battery? Heh, even Panasonic spent hundreds of millions of dollars failing to achieve this; how could a small Chinese company succeed?"

"Fengyi Technology is just a jumping clown; I checked the company's information with the Administration for Industry and Commerce and found it was registered only about a month ago. Heh, today's advertisements are truly too fake!"

As Fengyi Technology gained popularity, numerous voices of doubt immediately emerged online.

Among them were not only curious netizens but also authoritative figures within the battery industry.

This included professors and experts from various universities.

They did not believe a small company with only 5 million yuan in registered capital could suddenly breakthrough key battery technologies.

Technologies such as cobalt-free cathodes, solid-state electrolytes, and carbon-silicon anodes.

Finally, even some leading enterprises in the battery industry joined the fray.

It could be said that Fengyi Technology had ignited a storm of public opinion within the battery sector.

However, facing the overwhelming skepticism flooding the market,

Fengyi Technology remained unmoved like a mountain, merely posting an announcement on its newly launched official website regarding the new product launch event at the Magic City Sports Center.

(PS: New book seeking flowers, tips, and review tickets; your support is the author's motivation!)

It also listed the alma maters and work experiences of Zhao Zhao Xuebin, Dr. Wen Xiang, and others.

Only then did many people realize that Fengyi Technology was not a shell company.

Its research team actually included several big names in the battery industry.

Many people in the new energy sector had heard of Zhao Zhao Xuebin and Wen Xiang.

They were absolutely authorities within the industry.

However, many industry insiders found it strange why Zhao Zhao Xuebin and Wen Xiang would choose Fengyi Technology, such a small company.

Or perhaps, this company had some special background that they were unaware of.

Nevertheless, although Fengyi Technology's R&D team was sound,

as long as no actual battery had been seen, many people would remain skeptical.

This included numerous enterprises in the lithium battery sector,

such as Xiamen Tungsten New Energy, Shanshan Energy, Mengguli New Materials, Bamo Technology, GEM Co., Ltd., Easpring Technology, Changyuan Lithium, and the emerging enterprise CATL, all of which expressed concern.

It could be said that as long as the new battery presented by Fengyi Technology at this press conference achieved eighty percent of the performance advertised,

Fengyi Technology would instantly become a huge success.

Of course, international corporations like Panasonic, Samsung, and LG Chem reacted much more slowly.

These companies were confident that their research in lithium batteries was at the forefront of the world,

such as Panasonic;

Tesla, a company now taking off with its valuation rising repeatedly, used lithium batteries produced by Panasonic.

Therefore, these large international enterprises simply did not believe that a Dragon Country technology company could solve the global challenge of removing cobalt from ternary lithium batteries in the short term.

However, at this moment, Fengyi Technology was already poised to launch.

During this period, Lin Yi, as the boss, was so busy his feet barely touched the ground.

After all, Fengyi Technology had been established for only one month, and most of its employees were high-tech research talents,

so the company's management, operations, and publicity basically all rested on the shoulders of Lin Yi, a junior university student.

However, one day his university counselor called, asking him to come to the school.

Lin Yi assumed it was about his recent class skipping and leave requests, so he did not take it seriously.

After all, he had often done the same when working part-time jobs in the past.

Otherwise, he would not have failed three courses last semester.

As a result, when he arrived at the counselor's office,

he saw his university counselor, Shen Yi; however, it was obvious that the counselor's expression was unpleasant.