Chapter 1741 Good News?

Qiu Hongbo spoke with a look of anxiety.

They have solved all the technical problems related to electric vehicle development, except for battery technology.

Once the battery technology is successfully developed, electric vehicles can be quickly brought to market.

His previous prediction was that in a few more months, the battery technology would be perfectly resolved, the battery would be quickly put into production, and then they would be able to take the first bite of the pie in the new energy vehicle market.

They never expected that a company would develop an electric car faster than them.

"Minister Qiu, are you referring to Hongxiang Technology?"

Chang Zishan tapped her fingers lightly on the table. She knew Hongxiang Technology; it had always been in the mobile phone industry. How come it had suddenly succeeded in developing new energy vehicles?

She had anticipated that some industries would be able to develop new energy vehicles more quickly.

After all, the concept of new energy vehicles had been proposed long ago, and she had received some information about it before Ruishang Group ran into trouble.

Some car companies are also investing in the research and development of new energy vehicles.

However, due to her own issues, the research and development of new energy vehicles has been delayed time and time again, which is quite normal for her to fall behind those car companies that have been continuously developing new energy vehicles.

It was unexpected that the first company to develop new energy vehicles would be Hongxiang Technology.

However, some of the industries that Hongxiang Technology is now involved in are related to new energy vehicles.

"Yes, Mr. Chang, it's Hongxiang Technology. What should we do? Hongxiang Technology has brought new energy vehicles to the forefront so early."

"I'm afraid Hongxiang Technology will take all the profits from this industry."

Qiu Hongbo said with some concern.

Chang Zishan smiled faintly upon hearing Qiu Hongbo's words.

"Minister Qiu, I actually think it's a good thing."

"That's good news. Why do I say that? Hongxiang Technology launched its new energy vehicles so early, it will probably be able to seize most of the new energy vehicle market very soon."

"By the time our new energy vehicles are successfully developed, there probably won't be much market left."

"Moreover, after Hongxiang Technology announced the launch of its new energy vehicles, several other car companies that have been developing new energy vehicles have also taken action."

"Presumably, the R&D of new energy vehicles by those other car companies is almost complete. If more new energy vehicle companies enter the market, by the time we enter, we might not even be able to get a taste of the profits."

Qiu Hongbo began to explain.

"Minister Qiu, things are not as serious as you think."

"If it were just the previous technology, it would indeed be as you said, but it's different now. The battery technology we have is incomparable to that of the new energy industry."

"If a new energy vehicle with a range of 100 kilometers and a new energy vehicle with a range of 200 kilometers are priced similarly, which one would you buy?"

Chang Zishan looked up at Qiu Hongbo and chuckled.

"Then naturally I'd choose a car with a range of 300 kilometers..."

Qiu Hongbo answered subconsciously, but quickly realized the key point.

Yes.

So what if those new energy vehicle companies entered the market early? Once their battery technology is fully developed, the performance of their new energy vehicles will absolutely crush those outside the new energy vehicle industry.

"I understand. Once my battery technology is completed, the range will be at least 10 times that of those new energy vehicles."

"I know a bit about Hongxiang Technology's promotional events. Their new energy vehicles have a range of 300-400 kilometers."

"If we directly launch a range of 3000-4000 kilometers, wouldn't that be a devastating blow to the battery industry?"

"Moreover, the cost of our new energy batteries is about the same as that of current battery technology."

"In other words, our new energy vehicles and their new energy vehicles may be priced similarly, but their final performance is 10 times worse."

"At that time, who will still buy their new energy vehicles with a range of 300-400 kilometers?"

Qiu Hongbo said excitedly.

He was so worried when he received the news that Hongxiang Technology had launched new energy vehicles that he had no idea this was happening.

Looking back now, there was absolutely no need to worry about that.

Technological superiority!

"Minister Qiu, who said they were going to develop a battery with 10 times the performance of theirs?"

Chang Zishan tapped her fingers lightly on the table and said, word by word.

"President Chang, if we can master that battery technology perfectly, the battery's performance will be at least 10 times that of the current battery technologies."

Qiu Hongbo said, somewhat puzzled.

"The technology is more than 10 times that of others, but I didn't say that I would bring out more than 10 times the technology."

"I think I only need to bring out twice the technology, right? They have a range of 300-400 kilometers, wouldn't it be a crushing victory if we launched a range of 700 kilometers?"

"Of course it counts, but since we've already mastered this technology, why don't we share it all?"

Qiu Hongbo said with a puzzled look.

Chang Zishan glanced at Qiu Hongbo and sighed inwardly.

The other party was just a technician, so talking to her about these company operations was indeed a bit out of the question.

"Minister Qiu, our mobile phones are updated every year in order to increase sales."

"If I were to directly offer battery technology that is 10 times better, and if the vehicle doesn't have any problems, how many people do you think would be willing to buy a new car with similar performance?"

“Aside from a few wealthy people, there will basically be no one left, so if we directly launch a battery with 10 times the technology, it will be a one-off deal.”

"Our sales of new energy vehicles will definitely be greatly affected in the future."

"Moreover, we are directly using 10 times the battery technology, with a range of up to 3000 kilometers. This will not only affect batteries, but also the current gasoline car market."

"Our Tomorrow Group's Joyful Cars had just entered the market and was at its peak sales. That's when we came out with such a great battery with such good range."

"Then the company most affected is Xile Auto, which belongs to our Tomorrow Group."

"Moreover, at that time, our Tomorrow New Energy Vehicles will definitely be a thorn in the side of all car companies. Making too many enemies is not a good thing."

"So from any perspective, we can't use all of our battery technology. When necessary, we can just upgrade it appropriately to increase the battery life."

"Moreover, before the upgrade, we also need to communicate well with Xile, so that we can really wait until the day when new energy vehicles can replace gasoline vehicles."

"We must make sure that Xile Auto is ready for the transformation in advance."

Chang Zishan explained her thoughts in detail.