Chapter 1609 [Sweep it into the garbage dump of history]

This is not the first time that Xingyu Technology has played this game, and it has accumulated rich experience.

In the field of smartphone market, after Xingyu Technology was banned from selling chips by A-Mei in 2014, in order to preserve the ecosystem of "Tai Chi Operating System TOS", Xingyu Technology also invited all friendly companies to use TOS.

As a result, no one came, which once made Qin Feng very angry. At that time, I am afraid that all the so-called friendly companies wished that Xingyu Technology would go bankrupt.

Finally, Qin Feng was forced to find several executives in the company and fired them, and then let them leave to start their own businesses.

As a result, six new brands appeared in the smartphone industry, including Huaxin, Longlian, Haili and other six mobile phone manufacturers. In the end, three survived, and the other three were merged. At the same time, Xingyu Technology also survived the difficulties and preserved the TOS ecosystem from collapsing.

Now, with the help of its successful experience, it has decided to follow this route in the automotive industry. If no one is willing to come, it will support 10 car companies, let 5 executives go out to start businesses, and find 5 small 18th-tier car companies from outside.

Those small car companies on the 18th tier would definitely be overjoyed when faced with the olive branch from Xingyu Technology.

Not to mention giving you their souls, they can even sell you the whole package. What else do you want? If you don't want his company, the CEOs of those car companies will even think they are dreaming about such a good thing.

The strategy of this set of gameplay is actually not complicated. All 10 car companies have adopted Xingyu Technology's standard system. Xingyu Technology has sent a professional team to establish a complete set of standard systems and operating systems, and then train them.

At the same time, they introduced the support of Xingyu Technology's intelligent driving system and other leading technologies, and then fought in the market. In the mainstream market below 300,000 yuan, they first crushed those stubborn old guys, seized their market share, and swept them into the garbage dump of history.

After that, Xingyu Technology withdrew and handed over the steering wheel of these 10 companies to their leaders, letting them go their own way. As for who can finally stand out, Xingyu Technology doesn't care. No matter who survives, they will use Xingyu Technology's standard system and intelligent system in the future.

As long as three or four of these 10 companies can finally stand out, it will be a great success.

It is worth mentioning that the current Tongtai Automobile Group is definitely a rising star in the automotive industry in 2020. The company was once facing delisting, but because it handed over its "soul" to Xingyu Technology, it turned from a wild chicken to a phoenix overnight.

The company has now also transferred to the Singapore Exchange for listing. Since cooperating with Xingyu Technology, the company's market value has soared from tens of billions to the current market value of more than 190 billion.

The car company that is about to go to a market value of 200 billion has a pitiful market share of less than 1%, but the capital market has pushed this company to a market value of nearly 200 billion, because it handed over its "soul" to Xingyu Technology.

The current market share is less than 1%, but it does not prevent various funds from being optimistic about the future of this company.

Recently, Tongtai Automobile Group has begun to build momentum for the new product launch in December. Although the industry is now in the midst of a price war, this has not affected Tongtai Automobile Group, and it is still advancing steadily step by step.

With the halo of Xingyu Technology and the strong technical support of Xingyu Technology, the CEO of Tongtai Automobile can keep his composure.

The key is to have enough confidence. During this period, the CEO of Tongtai Automobile has been paying attention to similar competing products of other peers. He even bought a lot of cars to compare, test-driving and disassembling them for evaluation.

After the work was done, the smile of the CEO of Tongtai Automobile became even brighter. The new car to be released by the company is priced at 210,000 yuan, and there is no competitor at this price level.

BBA never dreamed that in order to maintain volume with price and avoid direct confrontation with Xingyu Technology, it would plunge in price, and many models would even reach the level below 200,000 yuan. As a result, Tongtai is coming at this price.

If the big brother can't beat him, and even a little brother under Xingyu Technology can beat him, then all his face and reputation will be lost.

If Xingyu Technology kicks BBA down from the altar of the automotive field, then the next mission of Tongtai Automobile Group is to send BBA into the coffin and weld it shut. Now it is said that the only valuable thing about BBA after being crushed by Xingyu Technology is the car logo.

After Tongtai releases its new products, if it also beats BBA after a big price cut, then BBA's car logo will not be worth much, and the brand value will definitely be hit hard.

In short, Xingyu Technology kicked BBA down from the altar, and the mission of the little brother Tongtai is to kill the word "luxury" in BBA as a luxury brand, erase its last prestige, and downgrade it to the ranks of ordinary brands.

Fang Hong never indulged these foreign car companies. He just wanted to crush them. If he didn't crush them, how could they obediently connect to Xingyu Technology's intelligent rack system?

If they don't want to die, don't want to give up the huge Greater China market, and want to have a job in this market, they have to connect to Xingyu Technology's standards and intelligent rack system.

…

However, in the capital market during this period, after entering November, the New Securities 50 Index ended its adjustment.

October saw a two-day surge after the long holiday. The SGX 50 Index surged 4 percentage points on October 12, pushing the index above the 8,100-point mark. Since then, the entire month of October has entered a period of adjustment.

It began to strengthen in November, because the new trading rules of the SGX market were officially implemented on Monday, November 9, when the market would be a new trading mechanism of institutional T+1 and small and medium-sized retail investors T+0.

Calculating the time, it will be next Monday.

On Thursday, November 5, the SGX market opened, and the SGX 50 Index broke through the high point of the adjustment platform in October by opening high and setting a new historical high. Today, it opened at 8,279.21 points, +1.13%, directly bidding for a new high and standing on the 8,200-point mark.

The index opened high in the morning and then fell back and rose again. In the afternoon, it broke through the high point in the morning and continued to rise. The heavyweight stocks once again became the leading pioneers.

Xingyu Technology rose by +2.76% today, pushing its market value to 26 trillion yuan, setting a new historical high. At the same time, Tongtai Automobile closed the board and hit the daily limit, breaking through the 200 billion mark, setting a new record for the stock.

Tongtai's closing led to an explosion in the automotive sector. The stock price of the big white horse BYD rose to 184.83 yuan in the late trading and hit the daily limit, and its market value also exceeded the 500 billion yuan mark. Jinlong Automobile went out of the second consecutive board, and Dongfeng Automobile and others closed the board and hit the daily limit.

In addition, sectors such as 5G and lithium batteries are also leading the rise. The price of lithium has been rising all the way recently. This sector has been deliberately pushed up by the Qunxing Group behind the scenes.

The price of lithium carbonate is only 53,000 yuan per ton at present. How far is it? Fang Hong plans to raise it to 700,000 yuan per ton, and then drive the price down all the way to 70,000 yuan per ton.

As of the close, the SGX 50 Index broke through the 8,200 and 8,300 mark today, setting a new record high and once again going out of the bald sun. The closing price is the highest price today, and it rose by +2.04% after the market, closing at 8,353.12 points. The turnover of the SGX market increased to 1,227.8 billion throughout the day, an increase of about 100 billion compared with the previous trading day.

Tomorrow, Friday, is the last trading day to implement the new trading mechanism. Various funds and players in the market have been looking forward to the arrival of this day for more than three months, and many retail investors are also very excited.

… (End of this chapter)