Chapter 307

Chapter 307

Karos originally started out as a company that developed an operating system for cars, including autonomous driving.

Some companies install the developed software only on their own hardware, while others actively sell them to other companies.

The former is NPL, the latter is MS and Gubble. We can’t say which one is necessarily right, but we are aiming for an open platform. In the former case, it is because there is a limit to scalability.

The automobile is a technology-intensive and labor-intensive industry. As it has a great effect on technological development and job creation, all countries are actively supporting their own companies.

Countries that do not have an automobile industry in the first place may not care, but Germany, Japan, and India are likely to impose sanctions to somehow protect their own industries.

But with GM and Ford as allies, no country will be able to dispute the Karos monopoly issue.

If you do it wrong, you will turn the whole of America into an enemy.

Everyone looked up and didn’t say anything. You must be pounding the calculator hard in your head by now.

If accepted, GM and Ford will be able to build a similar level of unmanned electric vehicle for Karos.

But… … .

Now, cars need an operating system just like computers and mobile phones.

The more cars with Karos’ OS, the more data we can collect about roads and vehicles. Even when considering the linkage between vehicles, it is advantageous as more autonomous vehicles operate with the same software.

Just as Microsoft’s Windows dominated computers and Gubble’s Andromeda and NPL’s NOS dominated smartphones, the future car operating system will be occupied by Karos.

Once you start being dependent on the operating system, it is hard to get out of it again. This is equivalent to giving up the technology that has been built up in the field of autonomous driving.

After accepting Gubble’s Andromeda, Seosung Electronics virtually gave up developing its own smartphone OS.

You can decline and develop your own skills further, but there is little chance of surpassing Karos. It’s not like we’ve been playing all this time. Rather, the gap is widening as the mass-produced car was released first.

President Teresa McFarland asked.

“What if I don’t accept it?”

“Then you just have to keep making cars with the technology you have. And I would make the same offer to other automakers.”

Even if not GM and Ford, there are many automakers. Latecomers who are judged to be inferior in technology will be happy to catch us if we reach out.

If you just accept Karos’s technology, you can close the gap with the leading group at once. This is the case with Eunseong.

Eunsung Motors was evaluated to be lagging behind in autonomous driving and electric vehicles. However, the situation has changed since they signed a technical partnership with Karos.

Chairman Han Chan-young officially announced that he would raise the proportion of EV sales of Eunsung Motors to 70 percent within three years.

Although Eunseong Motors is building an electric vehicle industrial complex with OTK Company, sales of internal combustion engine vehicles are still overwhelming. Raising the proportion of electric vehicles meant that they chose to fall into the umbrella of Karos instead of surviving alone. Investors cheered the decision, and the stock price of Eunsung Motors rose sharply.

However, GM and Ford are literally companies that have grown along with the history of automobiles.

It would be quite self-defeating to bow our heads down. But the world of business is cold-hearted. It’s not that self-esteem feeds you.

I said, leaning my back on the chair.

“The choice is yours.”

As both of them are professional managers, they will have no choice but to care about the intentions of investors. The stock price will tell you which choice is right.

I added explanations to help them make the right choice.

“As you can see, the current production of OTK batteries is far short of the demand for electric vehicles that will increase in the future. If you want to receive the quantity first, it would be better to make a decision earlier than other companies.”

* * *

GM and Ford tentatively accepted my offer, and the executives negotiated in secret.

Chairman Im Jin-yong met and talked with Chairman Theresa McFarland and Chairman Hugo Petraeus separately.

In order to make a level 4 or higher autonomous vehicle, various hardware such as vehicle APs, semiconductors, sensors, and modules are essential.

Of course, there are other companies making them, but Seosung Electronics is the only company that can supply them stably at a reasonable price. It has already been proven that it has excellent compatibility with Karos’ operating system.

Chairman Im Jin-yong said with a smile.

“It will be difficult to make money in the next few years. I can’t even pay dividends this year.”

The stock price is hitting all-time highs day after day, but in fact, Seosung Electronics’ net profit is dropping sharply. Because I keep investing the money I earned.

In a word, it’s tough.

Automakers around the world are paying attention to the situation and are busy making plans for the future.

“It appears that Japan has decided to unite related companies under the leadership of the government. Prime Minister Okazaki promised maximum support from the industry.”

“That’s why the automobile industry plays a huge role in the economy.”

Now, no one can deny that Carlos is the absolute strongest. The choice is one of two. Go under Karos, or fight together.

* * *

I ended the call and went into the room. Ellie was reading her newspaper with her back against the head of her bed. When I saw that, I was astonished. Because it’s so pretty… … It was because he was wearing black horn-rimmed glasses.

“uh! What are those glasses?”

“I feel like my eyes are hurting these days, so I try to read a book. Weird?”

I quickly shook my head.

“no. They fit so well.”

I only wear one pair of glasses, but it feels a little different than usual. I think it’s kind of cute.

At my words, Ellie smiled softly.

“what? Did you like this?”

“What… … .”

I don’t hate it.

Eli said as he closed her book.

“Did you have a good conversation with President Warren Boat?”

“Yes. I’m asking you to say hello.”

Berkshire Cashier was busy investing in related companies. It’s amazing to be able to be so passionate at that age.

No, is it weird that I’m talking to Warren Boat?

“What were you reading?”

“The Financial Times. I have an interesting article, would you like to see it?”

I accepted the newspaper.

[Who will survive in the future automobile market?]

In January 2007, a phone was unveiled in San Francisco. It is a smartphone made by NPL.

At the time of its release, it was expected that the influence of Nphone would not be so great. However, within 10 years after that, smartphones led by N-Phone dominated the mobile phone market, and the existing strong players such as Nokia, Motorola, and Blackberry collapsed one after another.

Now let’s look at the automobile market. Karos introduced the AD1 and AD2 autonomous driving vehicles, and this time the AD3 and AD4 unmanned electric vehicles.

The AD series was no different than the Enphone of the automobile market. How many of the top 10 automakers in the current market will remain in the next 10 years?

(afterword)

said Ellie.

“If you look at the reverse side, there are even rumors that the Karos company is worth $1 trillion.”

I laughed bitterly.

“That’s just talking.”

Different financial companies have different estimates of Karos’ market cap. Some say it’s worth over $1 trillion, while others say it’s only worth $300 billion.

Since it is a privately held company and does not receive any investment, it is not easy to accurately measure its value.

A typical automaker’s P/E is around 8x. P/E is the price-earnings ratio, and a P/E of 8 means that the expected earnings for the next 8 years are the same as the current stock price. If you compound interest, that’s about 9% per year.

However, Karos cannot be measured by PER. This is because expectations for future value are reflected rather than immediate profits.

As long as you’re certain you’ll dominate the market later, what does it matter how much money you make?

Either way, it’s the largest market cap ever for an automaker.

“How would you feel if you had that much money?”

“I do not know. I don’t really feel it. It’s not that I’m holding it in cash, it’s just that the value of OTK Company’s stake has risen.”

There are many people in the world with more cash than me, and there are many companies with more cash than OTK Company and Karos.

Not to mention Saudi Arabia’s royal family and the leaders of dictatorships.

To use an analogy, you have a house, and suddenly the house is worth 3 billion won or 10 billion won.

The fact that there was only one house before and now has not changed. You can’t sell it as long as you live in that house.

No one knows what will happen to house prices in the future.

“This could be ruined.”

It is surprisingly common for a company that was at the top to go down.

None of the companies that were included in the Dow when it was created have survived to this day. Many of them have gone bankrupt or have been acquired somewhere, and very few are still alive. GE dropped out once and then re-entered, but was kicked out again not long ago.

Ellie said she was confident.

“Don’t worry. If that happens, I will feed Jinhoo.”

“Can I trust you?”

“of course. I’m just resting at home and making a living.”

“Well, I should learn to cook from now on.”

Ellie burst out laughing as if my words were funny.

“Actually, it was during the L6 explosion that I thought I made the most money.”(Read more @ wuxiax.com)

At that time, we made 50x or more than 600 billion won by investing in short shorts and put options. I couldn’t keep my mouth shut when I saw the money stamped on my bankbook, and I even thought about whether a person could make this much money.

Rather, the sense of reality began to decline after exceeding the group unit. It’s not real money, just the number written on the account seems to go up.

“Is there anything Jinhoo wants to do when he earns money?”

Money is an opportunity. The more money you have, the more things you can do.

Even if you have a house and a car, people’s greed is endless, so they want a better house and a better car. The late Chairman Il-kwon Lim said that whenever he was bored, he went to a car store and bought a supercar.

However, since I am in the position of making and selling tea, it is a bit difficult to go to someone else’s company store and buy a car.

so… … .

“I want to buy a private plane or one.”

* * *

Because I travel frequently, I was constantly thinking about the need for a dedicated plane.

When I said that I was going to buy a private plane, Sangyeop was the most delighted.

“That’s a great idea. I should have bought one sooner.”

Then, as if waiting, he handed me the pamphlet. From Boeing to Gulfstream, we have everything.

I asked absurdly.

“When did you prepare this?”

“I knew this day would come, and I got it in advance. You can choose the one you like.”

Not all wealthy people and not all large corporations have private jets.

In the case of Akea, the world’s largest furniture maker, there are no private planes, and even the chairman only rides economy class. There is a famous anecdote when an executive asked if he could take business class because economy class was sold out while he was on an urgent business trip, and told him not to go on a business trip at all.

This company policy is because the chairman is timid… … It may be because of the image of Akea, which sells low-cost prefabricated furniture.

Anyway, the global super-rich continues to increase, and the demand for dedicated planes is also on the rise.

“How much does it cost?”

“It’s made to order, so it’s different.”

Starting at roughly $50 million, the expensive ones can exceed $100 million.

In the case of the royal family of an oil country who cannot control the money, they spend tens of millions of dollars to decorate the inside with gold.

Ronald also owns a Boeing 757. Apart from the Air Force One that the President of the United States rides, his candidacy campaigned in private jets.

In modern society, consumption is one of the means of display. Selling to the world’s richest person is a good selling point.

As soon as I announced my intention to purchase a dedicated plane, the companies immediately ran to me with promotional materials.