Becoming Rich with Daily Scavenging APP

Chapter 253: Da Vinci Car Company


"Don't ask about this, just help me find out. If there's something suitable, let me know."

"Okay." Zhang Yuling heard that Chen Yiyang didn't plan to tell her the truth, so she didn't ask further.

Because in recent years, Beijing City has been vigorously supporting new energy car manufacturers.

So Zhang Yuling quickly found a suitable car manufacturer and brought the information to Chen Yiyang.

"Da Vinci Automobile Manufacturing Company?" Chen Yiyang saw the name of the car manufacturer on the documentation and asked somewhat strangely, "Is this a foreign enterprise?"

"It's not foreign." Zhang Yuling explained to Chen Yiyang, "It's a car manufacturing subsidiary under Didi Chuxing Company."

For many large enterprises, the new energy vehicle sector is a blue ocean full of opportunities.

Although initially, many companies declared that they resolutely wouldn't make cars or enter the automotive field.

Soon, however, these large companies couldn't resist stepping in.

Especially some publicly listed companies. To them, if they can truly innovate in the automobile sector, that would be greatly beneficial to their market value.

Didi Chuxing had this thought too.

Thus, only three years after announcing their firm decision not to manufacture cars.

Didi Chuxing ventured into car manufacturing, creating the Da Vinci sub-brand to start attempting to make cars.

At its peak, Didi Chuxing equipped the entire Da Vinci team with over seventeen hundred employees.

As a result, in that same year, Didi's car business lost over seven hundred million.

Then the following year, they continued to lose twenty-six hundred million.

Of course, such losses were initially not a concern. After all, the upfront costs in car manufacturing are indeed quite large.

But due to some well-known reasons, Didi Chuxing faced severe issues with illegally collecting user information in those two years, and their ride-hailing app was directly removed from the entire internet.

And consequently, Didi's car business never obtained the manufacturing qualifications, and the cars they made couldn't be sold on the market.

This led to a bleak future for Didi's car business. If they don't give up the car manufacturing business, they must prepare for continued losses in the long term.

After understanding the background of the situation, Chen Yiyang immediately asked, "What is their ideal price range?"

"About a hundred billion." Zhang Yuling thought for a moment, then added, "Of course, this is just their publicly advertised price range. In reality, Didi Chuxing is eager to offload the entire Da Vinci team because the Da Vinci car manufacturing team is causing massive losses for Didi Chuxing every month."

"Alright, arrange a meeting for me with people from the Da Vinci car team to discuss."

After Chen Yiyang expressed his intention, the people at Didi Chuxing reacted very positively.

They quickly sent responsible management personnel over to discuss details with Chen Yiyang.

The price offered by the Da Vinci team for acquisition was even lower than what Zhang Yuling mentioned.

Basically, if there is more than twenty billion in cash plus other equivalent assets worth more than fifty billion, they will consider selling the entire car manufacturing team to Chen Yiyang.

As Chen Yiyang began negotiations with the people from Didi's car manufacturing sector.

Car manufacturers throughout Beijing City also started discussions.

"I asked about Didi's car manufacturing, and their psychological price is eighty billion in preparation to sell the whole team, with about twenty billion in cash enough to fulfill the requirement."

At a private club, the former CEO of Changcheng, Wei Yujun, and some old friends pretended to chat casually.

"Does that kid have that much money?" Wei Yujun asked in return.

"Haha, this young man named Chen, simply taking over Fei Peng's shares from Ali cost him over ten billion in cash plus fifty or sixty billion in stocks. I think he has the financial capability."

A middle-aged man said to Wei Yujun, "Besides, he gave Ali the shares of Chuanyin phone. Chuanyin is a newly listed renowned company in the domestic market, and the stock was in a rising phase when this kid handed it to Ali."

Not to mention he has valuable companies like Kuxing Coffee under his name, which, even if he seeks bank loans, can scrape together thirty to forty billion."

"What's this man's background, does anyone know? It's as if he appeared out of nowhere."

Wei Yujun's eyebrows instantly furrowed upon hearing others say that Chen Yiyang truly had the capability to buy the Da Vinci car team.

"We've sent people to investigate long ago. The specifics are unclear, but the trajectory of his rise is quite clear.

He started in Jin City, became an outstanding youth in West Capital, and then connected with the Yang Family in Shancheng.

After the younger generation of the Yang Family went to Lin'an for their post, he also set up his company in Lin'an."

"Hmm." Wei Yujun nodded seemingly casually.

But his facial expression was far from relaxed.

Earlier, he heard about his daughter trying to discredit a young man.

Initially, he didn't care much. After all, in today's era, every now and then, a couple of reckless rich second generations appear in the business circle.

For example, the son of Wanda's CEO Wang Jianglin, wasn't he a social media star and a company founder who dared to mock Lei Jun online and offline?

And just a few years later, he was set up for a betting game, losing billions, and his mother had to pay to clean up the mess for him.

Therefore, Wei Yujun didn't pay much attention to this matter at first.

But soon, he realized something was amiss.

The two allied partners originally contacted.

One directly defected, along with Ludao City, revoking the news they stirred up online.

The other was hit so hard it dared not make a sound, barely able to survive.

This prompted Wei Yujun to lower his pride and seriously find out the background of this Chen Yiyang.

The gathered information turned out to be all over the place.

Some said this person was self-made. Others said he was someone's white glove. Yet, more claimed he was a top-tier second generation making money purely for fun.

After ruling out the most unlikely self-made theory.

Wei Yujun believed the possibility of Chen Yiyang being a family's white glove was greatest.

Considering the sudden connection with the younger Yang Chengru in Shancheng.

The true background becomes self-evident.

It's highly likely that he's a commercial glove prepared by the Yang Family for their son, assisting in accumulating achievements.

This is what troubles Wei Yujun the most. If his daughter tried to discredit someone, slander is just slander.

But this time she targeted someone's nurtured white glove.

Isn't that forcing him into a confrontation?

This young man reportedly bought a smart driving company in Yangcheng. Now, after acquiring the Da Vinci car team, he might actually create a decent car.

Moreover, this time they chose to manufacture cars in the Imperial Capital. If they employ resources from above.

The threat to Changcheng is obvious.

Changcheng is currently a publicly listed company, and every move must consider the stock price.

If truly new forces in the capital car industry emerge and target Changcheng for a blockade, it will undoubtedly have a significant impact on Changcheng's market value.

No way, they must stop them from buying the Da Vinci car team.

Next chapter will be updated first on this website. Come back and continue reading tomorrow, everyone!

If you find any errors ( broken links, non-standard content, etc.. ), Please let us know < report chapter > so we can fix it as soon as possible.


Use arrow keys (or A / D) to PREV/NEXT chapter