In this acquisition negotiation, Xiao Bai asked Wang Chuanfu to form a negotiation team by himself, and he couldn't count on Juvinson.Besides, Juvinson hasn't come back from vacation yet, and I can't find the other party if I want to find it.As a result, Wang Chuanfu transferred several elites who are proficient in corporate mergers and acquisitions from Times Technology Group to form a negotiation team.These people have participated in the negotiation of the acquisition of Hyundai TFT-LCD production line in South Korea, and also participated in the negotiation of the acquisition of Xiangjiang Bus Factory, and all of them are experts.A group of people went to Linshi, and reached an agreement with the other party within a few days to acquire Dazhou Motor as a whole at a price of 200 million yuan."
Xiao Dong, the main reason is that the other party's major shareholder has no intention of fighting.They were very resolute in their intention to quit, and they didn't bother much about the price. ”Not to mention Wang Chuanfu's good luck, the other party is sincere and willing to make concessions, this kind of negotiation is not difficult at all."
Okay, I won't care about the rest, Mr.
Wang, you can handle it yourself.Anyway, the production things and the technical things can't bother you. ”Xiao Bai doesn't care about the follow-up restructuring and integration, and Wang Chuanfu has never disappointed in this regard.Whether it was Qinling Automobile or Xiangjiang Bus Factory, it was given a new life in the hands of Wang Chuanfu.After Wang Chuanfu won Dazhou Motor, he personally went to Linshi to stay for a while.First of all, the management was straightened out, and then the inventory was cleared to ensure the normal operation of the company from the institutional level.Next, BOD Automobile and its affiliated companies will re-develop and supply the motor products required by Dazu Motor.The problem of Dazhou Motor is that the sales are not smooth, and now there are new orders, which is equivalent to re-injecting fresh blood, and it is naturally full of vitality.The company originally had certain technical advantages in micro and special motors, coupled with the technical reserves of electric drive motors, motor powertrains and control systems for new energy vehicles, and soon formed a number of product lines.There are also enterprises such as electrical holding companies under the era department, and household appliances such as washing machines and refrigeration equipment also need to use a large number of micro motors.Therefore, the same company, in the hands of the times, can undergo transformation in a very short period of time.This is the benefit of the complete industrial chain, which has almost formed a closed-loop development system, and its inherent strength is beyond the imagination of many people!
In this process, the company also officially changed its name to BOD Group Dazhou Motor Co., Ltd., which is a wholly-owned subsidiary of BOD Group.So far, BOD Group has its own layout in the three core technologies of battery, motor and electronic control in terms of new energy vehicles, and the rest is only a matter of technology accumulation and technological progress.Wang Chuanfu is worthy of being a technology maniac, and he has never thought of using "outsourcing" to solve the core components.He is more on the path of independent research and development."
Mr.
Wang, Mr.
Li, I called you to a meeting today, I want to talk about the future development of BOD semiconductors.I think BOD Semiconductor should expand its business scope, and its core concept is to provide support for the development of BOD automobiles.Specifically, BOD Semiconductor will not only solve the problem of IGBT supply, but also expand to ECU, drivers, and control software.In order to achieve this goal, Mr.
Li, let's continue to recruit people and set up several new departments at the same time. ”Wang Chuanfu came to Xiao Bai a few days ago, and he wanted to hand over the electronic control to BOD Semiconductor, otherwise he would have to set up a new company.Xiao Bai thought about it for a few days, and called Li Kai and Wang Chuanfu over for a meeting today."
Dong Xiao, if you want to expand your business, you really need to recruit a lot of people.However, the sensor can be handed over to Times Communications (Pudong) Company, they have strong strength and technology accumulation, and we don't need to start over. ”Although Wang Chuanfu advocates independent research and development, he is not an inflexible person.Times Communication (Pudong) Co., Ltd., formerly known as the No. 5 Component Factory of Modu, has decades of production and R&D experience in active and passive components and sensors.After the fifth component factory was acquired by Times Communications, although the main revenue contribution came from ceramic filter products, there is still a certain market for active and passive components, sensors and other products.Wang Chuanfu means that BOD Semiconductor and Times Communication (Pudong) Co., Ltd. can cooperate to jointly develop automotive sensors.The production is handed over to the other party, and BOD Semiconductor only needs to purchase the finished product."
Yes, yes, it's not a big problem for us to start from scratch with electronic controllers (ECUs) and drives, and the sensors have ready-made technology, which is in the hands of our own people anyway."
Li Kai also agreed with Wang Chuanfu's statement that Times Communication is also the core enterprise of the Times Department, and everyone jointly develops automotive sensors, and intellectual property rights are also shared.But in the end, there is only one problem left with the control software."
Mr.
Wang, Mr.
Li, in fact, we have no shortage of talents in software.The control software is jointly developed by Mr.
Li and the Times Science and Technology Research Institute, so there should be no problem. ”Times Science and Technology Research Institute is a very special existence in the Department of Times, the Institute itself is a non-profit organization, but the research funds mainly come from various enterprises.To put it bluntly, the research institute will research and develop whatever technology the enterprise needs.At present, more than half of the R&D funds withdrawn by the enterprises under the Times Department every year are given to the Times Science and Technology Research Institute.Xiao Bai also often allocates funds to the research institute, and this part of the money is mainly used for the research and development of some basic technologies.Therefore, the Times Science and Technology Research Institute is the most powerful technology research and development institution in the Times Department."
I think it's okay!
I went back to Dean Zhou, and the control software was handed over to them to do.In the future, I will set up a software development department in BOD Automobile and connect with President Zhou and them. ”Wang Chuanfu nodded, and the matter was settled."
Mr.
Wang, Mr.
Li, then so be it, go back and implement the things discussed today, I believe you will be able to do a good job."
Xiao Bai saw that today's meeting had achieved its goal, so he announced the adjournment.Wang Chuanfu and Li Kai left in a hurry, and Xiao Bai returned to the office.In the next period of time, the 75th generation TFT-LCD production line in Rongcheng and the sixth 8-inch IC production line in Shencheng started one after another.The total investment of the two projects exceeds 20 billion yuan, which can definitely be called large-scale projects.After careful consideration, Xiao Bai decided to transfer Chen Yisheng to Rongcheng as the general manager of Times Optoelectronics (Rongcheng) Company.Shang Liancheng very much agrees with Xiao Bai's decision, with Chen Yisheng on Rongcheng's side, he can get out, and there is no need to keep staring at it."
Mr.
Shang, after the completion of the Rongcheng 75th generation project, if it can be put into production smoothly, let Mr.
Chen be promoted to the vice president of Times Optoelectronics."
Facts have proved that Chen Yisheng is still very reliable.The other party has nothing to say about character or technology, and has also made great contributions to the development of the company, and promotion is a natural thing."
Dong Xiao, if that's the case, Lao Chen will definitely be very happy.He can't go back now, and his future prospects have been tied to Times Optoelectronics. ”Shang Liancheng returned to Shencheng after Chen Yisheng went to Rongcheng.Now the two factories that the company has put into production, a 45th generation line and a 6th generation line, are running smoothly, and the company's technical backbone has also grown.Many times, Shang Lian Chengdu doesn't need to be as busy as he was at the beginning, he just needs to control the overall situation.If Chen Yisheng helps him share some of the burden in the future, he can spare more time to think about macro issues."
Mr.
Shang, you come back and rest for a while, the work can't be done."
Shang Liancheng is a workaholic, Xiao Bai wants to let the other party rest for a few days, and he can go on vacation wherever he goes.There was no room for bargaining in this matter, and in the end, Shang Liancheng still went to take a week's vacation.When he returned from vacation, a price war without warning suddenly came.At this time, it is approaching the end of the year, and countless merchants from all walks of life have begun to prepare for the upcoming two sales seasons.The companies under the Times Department, including Enron, Li Longbin, Yang Xuecheng, Jiang Xiaozhou and others, have become busier.The hot sales of terminal consumer products will naturally drive the performance of upstream enterprises.But at this time, S Star and LG successively announced a significant reduction in the price of liquid crystal display devices, with a drop of 13 to 16."
Dong Xiao, the other party's price reduction this time must have been calculated in detail.If we follow them and reduce prices, it will have a great impact on the performance in the coming year. ”Times Optoelectronics allocated funds to build the 75th generation line in Chengdu, and the company's cash stock is very small.If the price is reduced, it will affect all aspects of the company.Shang Liancheng had a headache, and hurriedly came to Xiao Bai to discuss countermeasures."
Mr.
Shang, there are two things that Korean companies are best at.One thing is price wars, and the other is countercyclical investing.So, let's not let the other side's actions disrupt the rhythm.We will develop step by step according to our own plan, and strive to improve the technical level and reduce costs. ”At present, South Korea is the strongest in liquid crystal display technology.After years of semiconductor disputes between Japan and the United States, R has transferred a large part of the LCD device production capacity to the island and gradually withdrew from the first echelon.The domestic liquid crystal display device industry has not been started for a long time, and technically speaking, it has its own advantages with the companies on the island, but it is still slightly inferior to the South Korean companies.There is no doubt that at this time, the other party launched a price war to squeeze the opponent's living space."
Xiao Dong, if our 75th generation line is put into production, I am not afraid of anyone starting a price war at all.However, there is still a period of time before the new factory is put into operation, and our scale advantage cannot be reflected, and it is difficult to have an advantage in cost. ”Shang Liancheng smiled helplessly, now in this case, the cost of fighting may not be able to beat others.Therefore, I can only endure the dilemma of small profits for one or two years.