Chapter 238: Settlement of Fund Number One

Words : 1958 Updated : Sep 27th, 2025

"A military order isn't necessary, just do what you can. After all, it's the release of a new NIO car, and there's still some time before the pre-sales start. Don't put too much pressure on yourself." Seeing the sincerity in the young man's eyes, Lu Liang felt a twinge of guilt, but just a twinge. After all, he wasn't one to make the horse run without letting it graze. The deputy chief's annual salary was 8 million, even more than the company's vice president Hu Weiwei and the financial deputy director Wang Xiaofeng. At nine-thirty in the evening, when the US stock market opened, Lu Liang's influence as a Tesla shareholder began to materialize. Tesla's shares surged 8.55% at the opening and continued to climb, breaking through $450, with a market capitalization firmly over 50 billion US dollars. Lu Liang was alone in his hotel room monitoring stocks. Zhang Tian'ai had gone to the seaside to film, and Wang Chuting was preparing to interview Luo. Tonight, he could only keep to his solitary room. Sёarch* The NôᴠelFirё.net website on Google to access chapters of novels early and in the highest quality. Approaching ten o'clock, he suddenly received a call from Old Zeng of Ningde Era: "Mr. Lu, we're planning to go public with an IPO next spring." Ningde's listing application had actually been approved a while ago, but he had been holding off, wanting to wait until the market grew larger. But Lu Liang was making waves every day in the new energy market, and he'd even recently taken a position in Tesla, causing their stock to rise sharply. Wall Street's rating agencies were also successively raising their outlook for Tesla, strongly recommending a buy and long-term hold. If Lu Liang could wield such influence in the US stock market, which was not his home turf, then Ningde's share price would surely skyrocket once it was listed on the Big A. Lu Liang was very impressive, unbeaten to date, but if one always walks by the river, one will wet their shoes eventually; it was just a matter of when. Zeng Minqun couldn't persuade the board of directors and the company's senior managers, who were all pushing for a speedy IPO. They had to capitalize on the momentum, lest Lu Liang fall from his pedestal and they end up missing the boat despite rising early. Unable to convince them, Old Zeng himself was persuaded; Lu Liang's influence might well compensate for market deficiencies. So they decided to prepare for the IPO next spring, aiming for an official listing on the Growth Enterprise Market in summer or autumn. Lu Liang pondered for a moment and did not object, "Let me know if you need help." He didn't know when Ningde would go public, but it definitely wouldn't be next summer or autumn. Although history had changed beyond recognition, the rise and strengthening of new energy were inevitable and would not change. Lu Liang planned to hold onto Ningde's stocks in the long term, that wouldn't change either. Early listing, late listing, It wouldn't have much impact on him anyway. Zeng Minqun agreed, saying that on the day of the bell-ringing, Lu Liang would definitely be invited to speak on stage. After all, it was due to Lu Liang's fame that Ningde had accepted his financing, and a 13.33% equity stake couldn't be taken for granted. The next day, the Xiao Peng G3 had its new car release. He Xiaopeng was rather unfortunate; the relevant news about the new car hadn't even had time to ferment on the internet before it was completely overshadowed by the buzz created by the spiced fish head dish. The Xiao Peng G3's launch coincided with that of the Hongguang Mini. The Earth Light Youth Mini edition made a stunning entrance. With a price range of 23,900 to 38,900 yuan, it came with the assurance of a long-established company, no frills in its launch, directly going to market and pre-sale. The standard range was 120 kilometers, roadworthy and licensable, and they claimed they only made a profit of 69 yuan per car, which immediately caused heated discussion on the internet. The Xiao Peng G3 was merely a concept car; whether the brand could survive until the production stage was another matter. But the Hongguang Mini opened its pre-sale channel straight away and promised deliveries within the next 12 weeks. Thus, any news about the Xiao Peng G3 was swept into the internet's rubbish pile. Xiao Peng's debut was less than ideal, and He Xiaopeng was devastated in the restroom. As Lu Liang had guessed, the Hongguang Mini's top speed was capped at eighty kilometers per hour, and it couldn't go on the highway. Yet that didn't stop him from reserving a top-end version, fitted with Ningde's Lithium Iron Phosphate battery, with a range of up to 180 kilometers. Lu Liang genuinely liked it and proudly displayed his order on Weibo: "An adult's toy car, I suggest Wuling develop a convertible version." The first thought in everyone's mind was, "Liangzi, when did you invest in Wuling?" As everyone knows, Lu Liang was addicted to advertising. He rarely came online, but when he did, it was always for a new product launch. The idea of him giving a free promotion was unlikely. Lu Liang couldn't help but laugh at the response: "I haven't received any business endorsements lately, I genuinely like this model from Wuling." Wuling also immediately cleared the air, stating there was no cooperation with Tianxing or with Lu Liang personally, but they looked forward to future collaborations. An unexpected boon fell from the sky, someone was endorsing their product for free, and they were sure to milk this wave of popularity. Suddenly, the Hongguang Mini's sales soared, with pre-orders surpassing thirty thousand units in just an hour and a half. "The standard model only costs twenty-four thousand," cheaper than an Apple full product suite, and it can even use 220V household AC power, no need to install a special charging pile. For daily commuting, picking up kids, and short trips, it's a good choice. Most importantly, driving it in the countryside isn't embarrassing. Spending two hundred thousand on an electric car would make you the laughingstock of the village, not as good as a Camry or an Asia Dragon and other Japanese cars. But spend a bit more than twenty thousand on an upgraded version of the Hongguang Mini, and you can hit the road; people would just give you a thumbs-up and say you're really wealthy. The former emphasizes practicality, the latter is a big toy; the two can't be generalized. Wuling's management received the news, overjoyed, and hurriedly ordered the production line to be changed to ensure quality and quantity, absolutely not allowing the cooked duck to fly away. The Hongguang Mini single model alone caused the third quarter sales volume in the new energy market to surge by 50%. Various established auto companies secretly cursed their luck; Wuling's move was clearly targeting their wallets. Though they hadn't gotten their hands on a real vehicle, the company's product analysts made a price estimation report through hardware observation. At 23,900, each car only makes a profit of 69 Yuan; it's really not Wuling bragging—if they did the costing, it would only come out higher. After all, Wuling has experience making these boxy minivans; except for the battery, it's almost a whole industry. It's impossible to make a product without aiming to make money; this indicates the car has other profitable channels. They almost instantly thought of new energy credits, with an average of 0.68 credits per hundred kilometers. Taking the Hongguang Mini as an example, the standard 120 kilometers can get approximately 0.82 credits. With the new energy credit market price fluctuating around 2,400 Yuan, the pure profit from credits alone is 1,968 Yuan, not to mention government subsidies. Each car can earn a minimum of 5,000 Yuan. This profit, almost on par with the Earth Light. Leaders from FAW, GAC, BAIC, and the like made calls to SAIC's leaders since Wuling belongs to SAIC. This year's new energy targets, they are probably unable to complete; if they go by the new regulations, next year will surely see reduced production and volume. Regulations are rigid, but people are flexible; except for BYD, there probably isn't an automaker that can meet the standard, and BYD isn't a state-owned enterprise. When no one meets the target, it's as if everyone has met the target. They can also join forces to push back against the policy, seeking a grace period or postpone settlement for a few years. It was agreed everyone would slack off together, but then SAIC's Wuling secretly worked hard; where does this leave them? SAIC's leaders were smug, having seen but not responded. He is he, they are they, who is they to them. When poor, huddle together for warmth; when rich, transform into reapers. With such a great opportunity, forget allies; even a biological father would be cut with a knife. Considering whether to contact BYD Wang next year to jointly raise the price of new energy credits and make a hefty profit. The first day's sales hit thirty thousand; being bold, aiming for one million by year's end, should not be too difficult. In this way, not only can Wuling help its parent company SAIC offset carbon credits, but it can also sell the surplus credits. Meanwhile, a big event happened on the Big A; Buffett announced that he would increase his stake in BYD once again. Since buying into BYD in 2008 with a total of 145 million shares, back then the share price was only 8.52 Yuan. Eight years have passed, risen to 78 Yuan per share; Buffett has not only refrained from selling but has chosen to buy an additional 45.8 million shares. BYD's stock price surged to the daily limit immediately, with a massive influx of funds unable to enter, turning instead to other new energy component stocks. The two stock market giants from the East and the West unanimously see a bright future for the new energy market; retail investors decisively followed suit, buying aggressively. Upon hearing this, Lu Liang couldn't help but sigh, "Accelerating too fast." With the new energy market outlook so hot, there's no telling if it will cool down next spring. The chance he was hoping to buy in at the bottom seems to be slipping away. However, soon Lu Liang shifted his attention elsewhere. After wrapping up his business in Beijing and staying only one night, he hurried back to Modu non-stop because the time of one year had come to an end; Tianxing Phase One Fund was about to exit the stage of history. All investments were made simultaneously by three funds, so the overall return rate of Fund Number One over the past half-year wasn't very high. But it was enough to beat other private equity funds, having already distributed dividends twice, with a final settlement of 126 million US Dollars. A 26% return rate. 26 million US Dollars in profit, minus a 20% management fee of 5.2 million US Dollars, leaving 20.8 million US Dollars, issued to each investor along with the original investment of 50 shares.

Chapter 238: Settlement of Fund Number One

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