Chapter 95: The Profits of Tianqi Energy

The major car companies fell into a dilemma.

If they wanted to push for the implementation of laws related to intelligent driving, they would have to spend a significant amount of time and energy, and success was not even guaranteed in the end.

But if they did not do so, Su Xin would not grant them the license for the Xiaozhi Driving System.

This would lead to them falling behind Goyadi or other Long Country car companies in intelligent driving for a long time.

After all, Su Xin had also said that due to the legal issues in various countries, the Xiaozhi Driving System was currently only being considered for implementation within Long Country.

This was clearly an implication that if other countries did not introduce relevant laws for intelligent driving on the road, he would only license it to Long Country car companies.

In that case, compared to Long Country car companies, the competitiveness of these car companies would be greatly weakened.

Amidst such a dilemma.

The major car companies could only continue to exert effort in the research of intelligent driving, attempting to make a breakthrough.

While simultaneously lobbying their own high-level officials, trying to push for relevant pilot policies for intelligent driving on the road.

……

The automotive industry remained hot.

The popularity of intelligent driving was also growing higher and higher.

The major car companies launched their mass-produced new cars equipped with Thor Battery one after another in quick succession, and announced their pre-sale or launch dates.

At this time, Su Xin, after a long interval, came to inspect several of the larger battery factories under Tianqi Energy.

Tianqi Energy President Ding Kuiyong, factory executives, and several senior engineers accompanied him throughout the visit.

"Over these past two months, the production lines at each factory have basically stabilized. We have even improved the process multiple times during production, and coupled with increasingly stable raw materials, our yield rate has continued to rise. In the last half month, the yield rate has stabilized at around 98%."

While walking, Ding Kuiyong introduced the situation.

Su Xin nodded slightly.

In just over two months, the yield rate for mass production had increased so significantly, even higher than that of traditional Liquid Lithium Battery, so the engineers had indeed put in a lot of effort.

Of course.

Another reason was that the production difficulty of Solid-state Battery was actually much lower than that of Liquid Lithium Battery, because it lacked electrolyte and separators, and these two items were precisely the main factors causing defects in traditional Liquid Lithium Battery.

By the same token, since the electrolyte was all solid, the production process and materials for Thor Battery were actually simpler than those for liquid batteries.

This is like if we want to carry a bucket of water in a car, we must seal it completely; additionally, to prevent breakage, we have to protect and secure it in various ways.

The process is complex, and the cost is high.

But if this bucket of water were solid, like ice that doesn't melt easily, it would be much more convenient to carry; you could just put it in the trunk and secure it slightly with other things.

The same applies to lithium batteries.

Solid-state lithium batteries have fewer materials, a simpler structure, do not require protection systems or cooling systems, and the battery management system can also be greatly simplified.

Therefore, once it enters the mature mass production stage, the production cost and material cost of Thor Battery are actually much lower than those of Liquid Lithium Battery.

Coupled with the difference in yield rates, the overall production cost is at least about 40% cheaper than Liquid Lithium Battery of the same capacity.

Today's Tianqi Energy.

Having integrated the world's top supply chains and exclusively monopolized the Solid-state Battery production link, plus bulk procurement from multiple suppliers.

These various advantages brought the pure production cost of Thor Battery down to as low as 300 yuan per kilowatt-hour!

Even after accounting for labor costs and other aspects, with the pricing of Thor Battery at 800 yuan per kilowatt-hour, the final net profit exceeded half!

Based on a mid-to-low-end car model with a range of 500 kilometers and 60 kilowatt-hours, he could earn 24,000 yuan from each vehicle.

Based on a mid-to-high-end car model with a range of 1,000 kilometers and 120 kilowatt-hours, he could earn 48,000 yuan from each vehicle.

There are tens of millions of cars sold globally every year; if more than half of them could be equipped with Thor Battery, the major car companies would contribute nearly one trillion in net profit to him every year!

This is the benefit of monopolizing core technology in a large global industrial chain.

Of course, the premise is that he must always maintain such a unique core technology advantage, and he must continue to significantly increase production capacity to meet the order demands of the global automotive market.

After inspecting the major factories.

Su Xin gathered the management of the major factories together, and his first words were to instruct Ding Kuiyong to formulate an incentive plan, which made everyone overjoyed.

Everyone knew that Su Xin was always generous; the incentive plan announced once before had increased everyone's monthly salary by a large margin, and this time would certainly not disappoint everyone.

After everyone's emotions calmed down slightly.

Su Xin continued:

"Everyone contributed a lot to this production line transformation. Next, as the production lines stabilize and the order demands from domestic and foreign car companies continue to increase, we may continue to expand before long."

"Everyone must continue to work hard in the future."

Just as he was encouraging everyone.

Su Xin's phone suddenly rang.

After checking the caller ID, Su Xin quickly announced the end of the meeting, sat alone in an office to answer the video call, and called out with a smile.

"Mom! How do you have time to think about calling me?"

"Son, are you busy right now?"

"Mom, since you called, I can make time no matter how busy I am." Su Xin smiled.

On the other end of the phone.

A smile also appeared on Zhang Chunhua's face, and after exchanging pleasantries with Su Xin, she said:

"Son, we have something we want to discuss with you. Your dad and I both feel that traveling everywhere all the time isn't really a thing; we still need to find something to do so that we can feel more fulfilled."

"We discussed it for a long time and want to open a large comprehensive shopping mall here in Baohe."

Su Xin said without hesitation:

"Mom, if you want to have some fun, or if you want to start any business, I support you. However, opening a mall might be quite tiring. Are you planning to hire someone to manage it? Or will you manage it yourselves?"

"We also know our own capabilities are insufficient, so we will hire someone to manage it in the early stages, and later, when we understand more, we will manage it ourselves."

"That works too."

Su Xin nodded and said, "As long as you have made your decision, that is fine. I will arrange for someone to go over and help you choose a location, and while at it, do some planning. As for how much capital is needed, I will have someone transfer it over when the time comes."

At this moment, Zhang Chunhua's expression was slightly hesitant as she said, "The shopping mall we want to open will require a huge investment; the preliminary estimate seems to be several hundred million, and it is very likely to lose money."

Su Xin smiled and waved his hand:

"It doesn't matter. With your son's ability, earning a few hundred million is not difficult. If you want to strive for a career, then give it a try; there is no need to have any misgivings. Besides, I will arrange for professionals to help with planning and management in the early stages, so it won't necessarily lose money."

On the other end of the phone.

His father, Su Zhengming, popped up from somewhere, greeted Su Xin, and said:

"Son, the shopping mall we want to open follows the same model as Pangdonglai in Nanjiang Province."

"I have seen many people on the internet highly praise Pangdonglai, saying they are a model of common prosperity, earning the praise of many locals. Their employees' satisfaction and happiness levels are very high, and among all the shopping malls in Long Country, their reputation is the best."

"Your mother and I went to Nanjiang Province for a field trip for half a month a while ago. We felt their model is truly excellent, and it felt like under the influence of Pangdonglai, the people there are all very kind."

"Son, we also know that we lack ability and cannot help you in your career."

"Therefore, we thought about it again and again; the only thing we can do is help you build a good reputation."