Building a second production base in Tianjin is an important part of Flash Speed Tech's strategy to connect the north and south and expand nationwide.
They have already extended an olive branch, which is much better than blindly approaching them.
Additionally, Core Sun also has an industrial base in Tianjin, and Tan Jincheng remembers that Aima also seemed to start in Tianjin.
The business environment should be quite good; at least for electric vehicles, it should be relatively good.
Otherwise, these large companies wouldn't have flocked to settle there, as it is one of the largest electric vehicle industrial bases in the country, a priority industry.
On the other hand, he already has enough industries in Beicang District, and it's time to expand.
"A nationwide layout, I understand. But don't take too big steps, or it will strain the capital chain,"
The leader nodded.
Beicang District already has an electric vehicle industrial base.
One more factory or one less factory of the same type doesn't make much difference.
What the district wants is industrial diversification.
The battery factory can be located within the district.
"Thank you for your understanding, leader. I will strictly control the company's debt ratio. Currently, our company's debt ratio is still very low, and we will manage this aspect well."
Debt ratios vary across industries.
Real estate companies have higher debt ratios, while high-tech companies, due to their strong innovation capabilities and market competitiveness, can have lower debt ratios.
For companies like Flash Speed Tech, a debt ratio between 40% and 60% is generally reasonable.
Currently, Flash Speed Tech's debt ratio is 30%, which still leaves room for expansion.
Securing some financing from Beicang Urban Investment and slightly raising the debt ratio, it won't be a big problem to set up the framework for the battery factory and the Tianjin industrial base in the initial stage.
The battery factory's current capacity is not large, so more land can be acquired, and the first phase of construction doesn't need to be too extensive.
The main energy should still be spent on upstream mineral resources.
Tan Jincheng had previously researched some lithium ore prices.
Compared to the peak of 200,000 per ton, it could almost be called a floor price, even though prices have risen quite sharply this year!
"Hmm, companies need to expand, but risks must also be controlled. Also, I heard that people from your hometown have sent people to contact you?"
The leader said with a smile.
"Yes, they wanted to try to secure the battery factory project, but I declined them. I also sent my parents on a trip because of this,"
Tan Jincheng said with a bitter smile.
In fact, what Wangjiang really wanted was an electric vehicle factory.
For now, the profits from a lithium battery factory are not as obvious, whereas an electric vehicle factory is different; once built, it can directly generate economic benefits.
It's not that they lack foresight, but rather that they cannot bear such risks, and they lack the courage.
If they were to go all-in to support enterprises like the Ba Du government did years later, Tan Jincheng could really set up the lithium battery R&D center in Wangjiang or Yicheng.
However, a bit of feigned misery is still necessary.
The leader couldn't possibly inquire about the details, and it was Tao Qinian's secretary who came, probably just to test the waters and gather information.
They still can't let go of their pride.
Many city leaders, when soliciting investment, pull out all the stops for a project, disregarding all formalities.
"Oh, what else is there to say?"
"Yes, my dad is a person who cares about appearances, so I was afraid they would find him to intercede, and then I would be in a difficult position. So before May Day, I asked him to take a few extra days off to visit Beicang, and after he arrived, I found another opportunity to send him off. Otherwise, why would I need to bring my child to work? Leader, guess how my assistant teased my sister?"
"How did they tease her?"
Tan Jincheng said seriously,
"Tan Jinyue, age 23, 20 years of work experience!"
The leader was stunned for a moment, then after a while, he understood the joke and couldn't help but laugh out loud.
"You, stop playing tricks with me, and don't try to play the victim. As long as you operate legitimately and develop well, the district will absolutely treat you fairly. If there's nothing else, you can leave. I still have work to do and no time to chat with you."
"Also, I'm a bit curious how you rejected those people from your hometown?"
He could see through Tan Jincheng's little scheme at a glance.
Sending his parents on a trip might have been partly due to this, but it definitely wasn't just this simple reason.
Bringing his child to work wasn't necessarily for this reason either, but rather to send some signal to the outside world.
"It wasn't exactly a rejection; I just drew them a pie,"
Tan Jincheng said, his smile fading.
"Drew a pie? What does that mean?"
"Firstly, I signed a labor export agreement with our county. In the future, migrant workers from our county, if they are willing, can be prioritized for training and employment in my industries. University students from our county who are willing to work for Flash Speed Tech will also be prioritized for development."
The leader nodded.
This indeed presented no problems.
Solving the employment issue for migrant workers is the most direct way for many large enterprises to cooperate with impoverished counties and cities.
Once Flash Speed Tech's factories become operational, they will need a large number of employees, and giving back to their hometown in this way is a good choice.
But what does "drawing a pie" mean?
"Furthermore, the industrial chain involved in the lithium battery project is no less extensive than that of electric vehicles. When our lithium battery solutions mature in the future, I will consider building a lithium battery factory or R&D center in our county or city."
"Is that what you call drawing a pie?"
So that's what "drawing a pie" means: using a future promise to create a less awkward situation for both parties, giving the other side a way out.
Young people certainly have a lot of new words.
"Yes, that's drawing a pie."
"Alright, my curiosity is satisfied. You can leave if there's nothing else. Remember to have your assistant send over the signed photo and give it to my secretary."
"Oh, you still remember that? I thought you'd forgotten. You're truly a good father,"
Tan Jincheng said, winking.
"You'll know when you have children,"
The leader said resignedly.
Of course I know, Tan Jincheng thought to himself.
Not only do I know, I know even more than you.
Walking out of the office, Tan Jincheng met the thoughtful gaze of the leader's secretary.
Tan Jincheng smiled and nodded at him, then left with Zhao Xinyi.
To be able to chat in the boss's office for an hour, with occasional laughter coming from inside, President Tan is truly remarkable.
However, before he could think further, his boss called him in.
"Go collect some materials related to lithium batteries, summarize them, and send them over."
The news Tan Jincheng had just revealed showed his significant emphasis on the lithium battery industry.
While not blindly trusting, one cannot ignore a person who is already very successful in their career.
His business acumen must be much higher than that of ordinary people.
Taking a little time, listening to his opinions, and conducting investigations for verification is certainly not wrong.
"Which aspects are you looking for?"
"Application scenarios and market prospects."
"Okay."
---
Beicang Urban Investment was very quick.
Starting today, an audit team was already being assembled to evaluate the value of Tan Jincheng's various assets, preparing for the share exchange.
Naturally, Flash Speed Tech was the first to be audited, to which Flash Speed Tech had no objection and fully cooperated.
However, for the lithium battery research institute, including Flash Speed Tech's R&D department, they could only show financial status and daily expenses, etc.
The necessary confidentiality measures must be maintained, even for a shareholder's audit team.
In this regard, Tan Jincheng was very firm, stating that if he didn't want them to see it, they wouldn't see it.
Technology is valuable because your competitors don't have it, but you do.
Once it's leaked, it loses its value.
Who can guarantee that a temporarily formed audit team will absolutely not leak secrets?
Next, Tan Jincheng needed to consider how much financing would be appropriate.
Tan Jincheng had inquired about Core Sun's factory in Tianjin; it covers an area of 72,900 square meters, which is about 110 mu.
Currently, the project construction is also in its first phase.
However, Tan Jincheng had seen their plan: the total construction area after completion will be 51,400 square meters, mainly engaged in the R&D, production, and sales of basic electric vehicles and key components.
This means their Tianjin base mainly produces low-end models, with a designed annual production capacity of 700,000 vehicles once fully completed.
Although the total investment is set at 350 million yuan, their first phase investment was only 80 million yuan.
Based on this investment amount, Flash Speed Tech requesting an additional 150 mu of land in Tianjin should not be a big problem.
The total investment will not be much higher than Core Sun's.
For the first phase of the project, a budget of 100 million yuan should be sufficient.
This aspect is not a big problem; the issue lies with the lithium battery factory.
Even at the minimum standard, building a lithium battery factory requires production workshops, solid waste storage, chemical storage, structural component storage, and other supporting facilities.
The investment in these areas is relatively large.
It will definitely require several hundred million to start.
Power batteries cannot be produced right now.
It seems that the only option is to first focus on lithium battery materials, where the cost is relatively lower.
First, accumulate reputation and technology in the consumer lithium battery sector, then transition to power batteries.
While conducting R&D, also earn some money so that you can raise capital in the market.
Otherwise, self-funding would be an impossible task.
After a long period of thought in his office, Tan Jincheng called Zhao Xinyi and Zeng Jixiang.
Starting today, Zeng Jixiang also followed Tan Jincheng.
His tasks at Orange Tech were mostly completed, and he returned to his assistant role.
From now on, Tan Jincheng would have more style when going out: two assistants, one male and one female, plus a driver.
"Both of you, help me gather resources on all domestic and international listed and unlisted lithium-related companies. For international ones, focus on Australia and Canada. The more detailed, the better. You can divide the specific tasks yourselves."
People cannot earn money without being serious.
Since he has identified lithium as a key concept and is prepared to enjoy the dividends of the era, he should thoroughly analyze which lithium-related companies exist domestically and internationally.
For unlisted companies, seek equity investment.
For listed ones, bottom fish when their stock prices are low.
When the dividends arrive, it will be the time for Hangxin New Energy to boom.
To replicate the success path of Ning Wang five or six years in advance, many people only saw Ning Wang's immense wealth but didn't know that they initially acquired shares in many domestic and international lithium-related concept companies through market foresight.
Using stock trading to fund his battery research has the immediate visual sense of finance feeding industry.
(End of chapter)