Traveling through 70's wine

Chapter 201 Electric Vehicles

After Wen Qing filled out the application form, she sent two bottles of Changxia Special Brew to Director Ye. Director Ye praised with a smile: "Xiao Wen, I think you are more capable now."

Wen Qing smiled and said, "Director Ye, I don't have any other choice now. We should always look forward."

After returning to Erxia Village, she told everyone the news that she had signed up for the city-level famous and high-quality product selection. Everyone was very excited and hoped that Changxia wine would be selected immediately. Wen Qing arranged the next work and tried her best to bring out the best wine to participate in the competition.

It is not complicated to participate in the selection of famous and high-quality products. They only need to submit the participating products and related written materials and wait for news from the Industrial Bureau.

One Wednesday, Wen Qing received a letter from Director Huang of the Machinery Factory in Ping'an County, Jiangnan Province. The two had had almost no contact since Wen Qing sold him the bicycle transmission technology.

In the letter, Factory Director Huang said that since they bought Wen Qing's technology, their factory has focused on the production of transmission kits and modified bicycles, and business has been good. After two years of good times, more manufacturers are now producing transmission kits, especially some bicycle factories have also developed transmission kits and directly sell transmission bicycles. Their market has been compressed, and the machinery factories are having a harder time. They want to seek new development, so they wrote to ask Wen Qing if he has any new technologies?

It was too slow to write a letter, so Wen Qing called Director Huang. After they exchanged pleasantries for a while and exchanged their latest news, Director Huang asked her directly if she had any new products. If it was suitable, they could continue to cooperate, either in the same way as before or in other ways.

Wen Qing had been designing an electric bicycle for more than half a year. She wanted to find a way to cash in, so she said to Director Huang, "Director Huang, I have a design for an electric bicycle. Are you interested?"

Director Huang immediately became interested and asked, "What is an electric bicycle?"

Wen Qing introduced to him what electric bicycles are and what are their advantages?

Director Huang was very excited when he heard this and asked, "Xiao Wen, do you have time recently? I'll come to your place right away."

Wen Qing said: "Okay, I have a lot of things to do now and can't leave, you come over."

Director Huang immediately bought a train ticket to Pingjing. Wen Qing drove to the train station to pick him up. The two of them came to Erxia Village together. Director Huang smiled and said, "Xiao Wen, I didn't expect your winery to be so big. I thought you were going to open a machinery factory."

Wen Qing said: "Winemaking is my hobby. I'll take you to visit our winery."

After taking Director Huang around the old wine shop, Director Huang said, "Xiao Wen, the liquor you produce looks pretty good. I want to buy some too."

Wen Qing smiled and said, "Thank you for your patronage."

Director Huang immediately took out some money and gave it to Wen Qing, and Wen Qing asked Li Xinguo to buy two boxes for him.

Back in the office, Wen Qing took out the design drawings of the electric bicycle, and Director Huang took it and started looking at it.

Director Huang looked at it carefully for a long time and said to Wen Qing, "Xiao Wen, electric bicycles are easier to ride than bicycles. They should have a big market. I just don't know if they are expensive."

Wen Qing: "Electric bicycles can be said to be an upgraded version of ordinary bicycles. They are faster and more labor-saving to ride. In the future, people will ride electric bicycles on a daily basis, and bicycles will become sports equipment."

This is bound to happen in the future.

"As for whether it's expensive? It's definitely more expensive than a normal bicycle, but it should be affordable for everyone."

Seeing such a good product, Director Huang immediately wanted to embrace it and asked, "Xiao Wen, how do you think we can cooperate? I can buy the technology of electric bicycles and I can also give you a commission."

Wen Qing said: "If Ping An Machinery Factory wants to switch to producing electric bicycles, it needs to buy a new production line, which requires a lot of initial investment and may not see profits for one to two years. If you buy electric bicycle technology, it will increase your financial costs, so my opinion is to buy shares."

Wen Qing knew the development prospects of electric bicycles and didn’t want to sell out the design all at once. She also wanted to take advantage of the trend.

Director Huang thought about it and said, "Xiao Wen, I will go and discuss it with the shareholders first and give you an answer before I go back."

After sending Director Huang to a hotel in the city, Wen Qing waited for his reply.

In fact, Wen Qing now has more than 600 million yuan in cash. She can also invest in building a factory to produce electric bicycles, but her energy is limited.

Besides, it is not easy to build a new factory. Finding land, hiring personnel, and buying equipment is not easy. What is more troublesome is that electric bicycles are completely different from the industry she is currently engaged in. It is really difficult to take care of both. Director Huang is motivated, has equipment, and has a foundation, so it is less troublesome to cooperate with him.

Three days later, Director Huang came to the winery and replied to Wen Qing that after discussion among the shareholders, they agreed to let her buy the shares.

Wen Qing said calmly: "Director Huang, we have been working together for such a long time, and we know each other well. I will tell you directly that I have two ways of investing. One is pure technology investment, and the other is technology plus capital investment. What do you think?"

Director Huang: "Xiao Wen, our factory now has a net asset of nearly 500 million yuan, mainly land, equipment and factory buildings. We have three shareholders, which are several factory leaders. Now we want to transform into producing electric bicycles. We have calculated that it will take about 3 million yuan to purchase production lines and raw materials. At present, our factory only has more than 300 yuan in cash. Our three shareholders will invest another 30 million yuan. If you invest 3 million yuan, plus the technology investment, you will be given a total of 150% of the shares."

Wen Qing did some calculations and said, "That won't work. Electric bicycles are now unique. According to your calculation, the technology of electric bicycles is only worth 10 yuan, which is too low."

After consultation, the two decided that Wen Qing would hold 28%, Director Huang would hold 35%, and the other two shareholders would each hold 18.5%, making Wen Qing the second largest shareholder.

Wen Qing suggested: "How about this, I will go back to Ping'an with you, we will sign the shareholder agreement and register with the Industry and Commerce Bureau, and then I will go to the factory to explain the electric bicycle technology to everyone and try to put it into production as soon as possible."

Wen Qing arranged the work of the two factories and went to Ping'an County with Director Huang.

It was already evening when Wen Qing arrived in Ping'an County. She went to the hotel to rest first, and then went to the machinery factory early the next morning. The other two shareholders of the factory were the former secretary Quan Heng and deputy director He Weixing.

Wen Qing had seen both of these people before, but she dealt more with Director Huang and was not very familiar with them.

However, Quan Heng and He Weixing knew something about Wen Qing. The transmission and tea-picking machine technology produced by their factory were all provided by Wen Qing, so they were quite looking forward to electric bicycles and hoped to open up a new path.

Wen Qing first briefly introduced the design of the electric bicycle to everyone. Director Huang had heard of it before. Quan and Liu thought it was a good product and would definitely sell well in the future. According to Wen Qing's way of investing, they got the upper hand.

The four people signed a shareholder agreement. Wen Qing transferred 150 million yuan into the factory's account. Quan Heng took the office staff to the county industrial and commercial bureau to handle the registration change. Wen Qing officially became the second largest shareholder of Ping'an Machinery Factory.