Chapter 579 Morgan Group
A few years ago, Lei Tian made his mark when he first entered the market because of his independently developed maintenance-free lead-acid battery technology. At that time, domestic recording equipment was very popular, and Zhong Lei Tian caught the trend and made a lot of money.
Therefore, Zhong Leitian had no financial pressure when investing in building a battery factory.
At that time, batteries were mainly used to drive small electronic products, and most lithium battery cells had a capacity of no more than 2AH. If the battery capacity could exceed 50AH, it could drive a car, which was the real purpose of Zhong Leitian's founding of the Leitian Group.
In 1997, the 90AH cylindrical single lithium-ion battery developed by Zhong Leitian caused a sensation in the industry. An American company took a fancy to it and was willing to invest 1.3 billion to establish a company with him.
Just when Zhong Leitian thought he was going to be successful and reach the peak of his life, the battery he developed exploded and even burned the entire car, so the plan to set up a company naturally came to nothing.
The status of Lei Tian Group also plummeted, many shareholders withdrew their investments, and the change in market trends also made recording equipment not as easy to sell as before. Due to various unfavorable factors, Zhong Lei Tian was depressed for several years.
But he did not give up and continued to develop new technologies privately in an attempt to regain the market.
But technological research and development is not something that can be done on a whim; it requires constant trial and error and burning of money. However, because of the previous battery explosion incident, many people are worried about this, fearing that their investment will be wasted, and are unwilling to invest further.
Just when Zhong Leitian was in trouble, Lu Ding came to him with investment, and the two parties naturally hit it off.
When talking about this, Lu Ding was also beaming with joy.
"Just recently, Lei Tian Group's new project was successful, and it developed a rare earth yttrium iron lithium battery that revolutionized the industry. I heard that after testing, this new technology can provide power batteries for pure electric vehicles. The Hongqi pure electric vehicle using rare earth yttrium iron lithium batteries can be fully charged in 20 minutes and has a driving range of up to 350 kilometers!"
There is no doubt that this is what electric vehicles urgently need. For the so-called new energy vehicles, "energy" is the key, and battery technology is the top priority.
"It takes 20 minutes to fully charge and the driving range is 350 kilometers? Is this true?"
Lu Yiming felt as if he was listening to a myth.
This was the year 2000, how could super fast charging be so powerful?
From Lu Yiming's perspective, he certainly knew what this meant. When BYD surpassed Volkswagen and Volkswagen, the domestic passenger car sales champions, it was electric vehicles. If Leitian Group continued to do this, and if Lu Yiming was behind it, this result might be achieved ten years ahead of schedule!
"Dad, you made a fortune from this investment. Science and technology are the primary productive forces. With this technology, we can not only make huge profits, but also increase our influence around the world."
Needless to say, the economic benefits are huge, but Lu Yiming asked doubtfully, "Worldwide influence? Is it that exaggerated?"
Lu Yiming smiled and said, "Of course, my country's rare earth reserves currently account for 36% of the world's total, and 80% of the world's rare earths are imported from Xia Country. Therefore, my country has an inherent advantage in the field of rare earth batteries. Forget it, this is a matter for the future. I am very interested in Zhong Leitian now. Where is he now? This guy is amazing."
Lu Yiming was not exaggerating the facts, but the rare earth yttrium iron lithium battery developed by Zhong Leitian is indeed awesome.
The charging standard is 700AH, and the energy density can reach 150WH/KG~190WH/KG. It is also resistant to high temperatures and supports repeated charging. The emergence of rare earth yttrium iron lithium batteries can be said to have greatly broadened the scope of battery use and solved the world-class problem of insufficient energy storage encountered by new energy vehicles at the beginning of their conception.
The most important thing is that the current Lei Tian Group has no competitors in the market at all!
You should know that CATL, which would later occupy half of the global power battery market, had not yet been established at that time, and BYD, the first Chinese auto stock, did not get its car license until three years later.
Therefore, in front of Lei Tian, many industry tycoons in later generations are now just a group of "stinky little brothers". This alone is enough for Zhong Lei Tian to become the "Battery King of Xia Country".
Lei Tian Group Headquarters.
With the trump card of rare earth yttrium iron lithium battery, Zhong Leitian has now reached the peak moment of his life. The various capitals that originally despised him have obviously come to him actively to seek cooperation, and some are even willing to kneel down and lick his ass, just to get some shares of Leitian Group.
Now even a fool knows that the rise of Lei Tian Group is inevitable.
However, Zhong Leitian behaved quite defiantly and ignored domestic investors, just to vent his anger for not having anyone to turn to for help.
In the office, seeing Zhong Leitian rejecting another investment, Vice President Tian An couldn't help but smile bitterly: "Boss Lei, that's enough, right? It seems like it will offend people if we continue like this, but it's actually unnecessary."
Zhong Leitian said proudly, "Yesterday, they ignored me, but today, they can't afford me! Offending people? No, in 20 years, no company in the world can catch up with Leitian. I have this confidence. These investors looked down on me when I asked them for help, but now that they see that I am going to be rich again, they come to curry favor with me. What the hell is this?"
Tian An was also quite helpless about this, but he had no way to deal with Zhong Leitian. After all, he was well-known in the company for doing his own thing, and he had a temper more stubborn than a donkey since he was a child.
At this time, the phone on the table rang. Zhong Leitian didn't even want to answer it. He said, "Look, another one. These people are more eager to add icing on the cake than dogs seeing meat bones, but they won't do anything to help people in need."
Tian An was too lazy to talk to Zhong Leitian. He just walked over, picked up the receiver, and said, "Hello? Hello, this is Leitian Group."
The call was from Lu Yiming. He said, "Hello, I'm Lu Yiming. Dianguang Automobile is owned by my father. Some time ago, my father invested in your Leitian Group."
"Mr. Lu?"
When Tian An heard Lu Yiming introduce himself, he was shocked.
After all, Dianguan Automobile is now the major shareholder of Lei Tian Group. Lei Tian Group must conduct an investigation on Dianguan Automobile, and naturally they will know that the boss of Dianguan Automobile, Lu Ding, is the father of the richest man Lu Yiming.
Tian An covered the microphone and whispered to Zhong Leitian: "The call was from Mr. Lu, the richest man."
Zhong Leitian was already extremely proud at this time, so even though he knew the call was from Lu Yiming, he didn't take it seriously and acted very coldly: "What does he want to do?"
Tian An picked up the receiver again and said enthusiastically, "Mr. Lu called me. What can I do for you?"
Lu Yiming said, "I am very interested in your company's technology, and I am also very interested in the person who can develop such a powerful technology, so I would like to arrange a meeting with Mr. Zhong."
Tian An said to Zhong Leitian: "Mr. Lu wants to meet with you."
Zhong Leitian said indifferently: "I'm not free today, let's talk about it when I want to see him."
Tian An felt that Zhong Leitian deserved a beating for answering like that, so he said, "It's fine if you give a cold shoulder to those who want to pick peaches, but Mr. Lu is the one who helped us in our time of need, why do you do the same?"
Zhong Leitian said with a reluctant look, "Well, okay, then I'll give him a chance. It's 11 o'clock in the morning, let him come to the company at 3 o'clock in the afternoon. He's just the richest man in the mainland. I have the battery technology in hand, and this position may be mine in a few months."
After hanging up the phone, Tian An was about to have a good talk with Zhong Leitian, but Zhong Leitian's secretary knocked on the door and said, "Mr. Zhong, the Morgan Group in the United States has sent a representative to come to your house for a meeting. When do you think you are free?"
"The Morgan Group of America?"
Zhong Leitian stood up suddenly, a look of surprise appeared on his face. He couldn't help rubbing his hands and said, "Morgan Group sent representatives to talk to us? They must have been impressed by my battery technology. Where are they now?"
The secretary looked at his watch and said, "They are still in Zhonghai now. If we arrange a time, they can come over anytime."
Zhong Leitian urged, "What are you waiting for? I have time now, just ask them to come over directly—"
Just halfway through his speech, Zhong Leitian changed the subject and said, "Let's go to the airport to meet them."
Zhong Leitian dared to show his displeasure to domestic capital, but he didn't dare to put on airs in front of foreigners. Moreover, as an entrepreneur who valued money more than anything else, Zhong Leitian had long been thinking about listing his own company to raise money.
Among them, US stocks are naturally the first choice, so he was extremely enthusiastic when facing the Morgan Group.
On the other side, Lu Yiming finished the call, looked at the time, and said to Li Yiwen beside him: "They said three o'clock in the afternoon. Let's drive over now and have lunch at noon. It's almost time. Cousin, let's go."
Zhao Tiezhu drove Lu Yiming and Li Yiwen to Zhuhai.
After lunch, Lu Yiming and Li Yiwen came to the Leitian Group headquarters. After explaining their purpose, the girl at the front desk said apologetically, "Excuse me, Mr. Lu. Our CEO Zhong is now at the airport to meet the Morgan Group delegation. He should be back soon. Can you wait for a moment?"
Li Yiwen looked at his watch and said, "It's already 2:40, and there are only 20 minutes left until our agreed time of 3 o'clock. What do you mean by only receiving foreigners and not us? Are you looking down on others?"
Lu Yiming smiled and said, "Maybe Boss Zhong is a master of time management. Just be patient. There are still 20 minutes left."
"All right."
The girl at the front desk took them to the lounge area next to them and poured them some tea. Li Yiwen said to Lu Yiming, "What's going on? Why don't they just invite us to their chairman's office? Isn't this too ignorant of etiquette?"
Lu Yiming joked, "Cousin, you are getting carried away. She hasn't come back yet. Calm down."
Soon, ten minutes passed. Lu Yiming looked at his watch and found that the agreed time had arrived. He couldn't help but frown slightly.
There is no doubt that the skills of this time management master seem to be a little inadequate.
Li Yiwen said: "See, I told you, these people don't know etiquette."
As they were talking, a group of people came in from outside, led by Zhong Leitian, the chairman of Leitian Group. Behind Zhong Leitian, followed a group of foreign devils.
"Good fellow, I was wondering why this guy was so ignorant, it turns out he went to meet the foreign devils."
Li Yiwen said this, then straightened his clothes and walked towards Zhong Leitian.
However, Zhong Leitian seemed not to see the two of them. Although they were very close to them, he did not even say hello. He just nodded and bowed to those foreigners with a fawning look on his face.
Lu Yiming could understand the discrepancy in time. After all, people are not machines or computer programs. They cannot stay the same as set times. Chat timeout is completely excusable.
But out of courtesy, you should always explain the situation to the person behind you and seek their understanding.
But now looking at Zhong Leitian's behavior, he completely ignored the existence of Lu Yiming and others.
This can't be explained by a timeout.
Seeing Zhong Leitian and his men entering the elevator, Li Yiwen immediately started to curse: "We took the trouble to visit him, and we have already given Zhong Leitian enough face, but what is his attitude? This is simply too much!"
Lu Yiming frowned, but said nothing and sat back down to drink tea.
Li Yiwen said, "Let's go. What else is there to talk about? You are so insincere. Even if we can cooperate in the future, you might try to cheat us."
Lu Yiming smiled and said, "Don't worry, finish this cup of tea first, and then ask him for an explanation."
Although he was smiling, Lu Yiming's smile revealed a hint of coldness. It was obvious that he was very dissatisfied with Zhong Leitian's behavior.
In the chairman's office, Zhong Leitian took out a pile of information and showed it to Myron Kern, the representative of the Morgan Group, and explained it enthusiastically.
Before he knew it, half an hour had passed. Zhong Leitian said, "Mr. Kern, I think I have explained the situation of our company to you. What do you think?"
The Morgan Group is still very interested in the products of the Lei Tian Group, which is why they sent Myron Kern to lead the team to negotiate.
You know, Myron Kern's rank in the Morgan system is not low.
As rare earth yttrium iron lithium batteries have set off an "electric craze" around the world, Lei Tian has obtained patent licenses in dozens of countries and regions, and plans to establish production bases such as Lei Tian in the United States and Lei Tian in Finland. Now all it needs to do is raise enough funds.
Within the Morgan Group, Lei Tian's rare earth lithium battery technology was directly valued at more than 10 billion US dollars.
That’s 10 billion dollars!
If someone buys it and Zhong Leitian is willing to sell it, his wealth will surpass Lu Yiming overnight and he will become the richest man in Xia Country.
It is precisely because of this that Zhong Leitian would ignore Lu Yiming, even though Lu Ding is a major shareholder of Leitian Group.
In contrast, Zhong Leitian hopes that his products can go abroad and into the world, so he is eager to cooperate with a company like Morgan Group that has a huge influence in the global capital markets.
Myron Kern nodded slightly and said, "It's really good. I have fully understood the situation. I will report to the company after I return, and then we will continue to discuss in-depth cooperation."
"Okay, okay, okay."
Zhong Leitian said three "good" words in succession, and it was obvious that he was looking forward to cooperating with the Morgan Group.
The valuation is 10 billion US dollars.
This is just the beginning. As long as it goes well, the value will be more than 10 billion in the future.
"Mr. Kern, it's really a pleasure talking to you. I think I should treat you to dinner and a few drinks to express my feelings at the moment."
Myron Kern smiled, raised his eyebrows, and said, "I am also looking forward to the delicious food of Xia Country."
The group left the office and went downstairs. What Zhong Leitian didn't expect was that Lu Yiming hadn't left yet. This made him feel a little embarrassed, and he secretly cursed Lu Yiming for not understanding the ways of the world.
There is no doubt that with the cooperation of Morgan Group, Zhong Leitian would not even look at Lu Yiming.
Lu Yiming hasn't left yet, and it seems like he's still waiting for Zhong Leitian.
Li Yiwen said to Lu Yiming: "He's here."
Lu Yiming nodded , stood up and walked towards Zhong Leitian.
However, at this moment, Myron Kern, who had always been arrogant, became extremely gentle after seeing Lu Yiming, as if he had seen an idol. He took the initiative to walk towards Lu Yiming. Even from a distance, he stretched out his right hand and took the initiative to greet him: "Excuse me, are you Mr. Lu? I am Myron Kern from Morgan Group. I had the honor of meeting you when you were in America."
As he spoke, he hurriedly took out his business card and said, "This is my business card."
Lu Yiming stared at Myron Kern carefully and felt that he looked familiar, but he couldn't remember any connection between him and this person.
Although his memory has improved a lot after his rebirth, he is half-blind when it comes to foreigners. Except for people like Bill Gates, whom he has seen in textbooks since he was a child, it is really difficult for him to distinguish others.
Lu Yiming took the business card, smiled slightly, shook hands with Myron Kern, and said, "Hello."
Myron Kern was as happy as a child.
Seeing this scene, Zhong Leitian and Tian An, who were following behind, looked at each other in confusion, completely confused about the situation.
How could someone from the Morgan Group be so respectful to Mr. Lu, the richest man?
The two had no idea how famous Lu Yiming was in the American financial circle. Although many financial tycoons in the U.S. stock market hated Lu Yiming, the foreign rival, more people envied the profitability of the Saltwater Fund.
All those who followed Lu Yiming have made a fortune now.
The power of role models is infinite. Morgan Group had always wanted to contact Lu Yiming, but had no chance.
That's why Myron Kern was so excited. Meeting Lu Yiming at Lei Tian Group was a pleasant surprise for him, making him happier than winning the lottery.
Myron Kern said to Lu Yiming: "I am so happy to meet you in Xia Country. May I have the honor to treat you to dinner?"
