Chapter 348: Spontaneous Combustion of New Energy Vehicles

Words : 1690 Updated : Oct 7th, 2025

On Monday, the trading team exceeded Boss Lu’s target, recovering funds totaling 11.523 billion on the same day. BYD surged but then fell back, closing down 2.25%, with a large number of retail investors buying at high prices and getting trapped with losses of seven to eight percentage points. Two hours after the market closed, At 5:10 PM, the day’s Dragon and Tiger List was updated. The three institutional seats under Tianxing Fund all made it to the top three of the individual stock Dragon and Tiger List. Just in BYD alone, the net outflow of funds reached 2.655 billion, not to mention Tianqi Lithium and Jiangte Motor among the 12 stocks that were also lifted from restrictions today. The Dragon and Tiger List simply could not accommodate that many stocks, according to financial practitioners, the Tianxing Mixed Fund recovered a total of 10 billion yuan in funds in just one day. "Damn, Liangzi with his thick eyebrows and big eyes, is also playing this trick?" "It’s heartbreaking, look at the Big A, pushing an internationally renowned financial magnate to conspire with the corrupt." "Give me a break, all around the world crows are black, do you actually believe that Lu Liang’s ’Liang’ stands for a conscience in capital?" As soon as it was exposed, hundreds of thousands of old brothers in the stock bar erupted in anger, all because they trusted Lu Liang and thus heavily invested in BYD. Consequently, Lu Liang played a covert strategy with them, even crafting a false "Golden Cross" at high prices to lure more buyers. The joy of one does not resonate with the sorrow of another, the anger of the stock bar brothers became the source of joy for the fund bar brothers. Initially worried that Lu Liang would harbor kind intentions towards the retail stock market investors like he did toward them, Now it seems that their concerns were completely unnecessary, Lu Liang’s operations had greatly relieved them. Mildness does not command an army, righteousness does not conduct business, and now that one has become a ’market manipulator,’ one must ruthlessly harvest leeks. On Tuesday, the stock market opened, with the new energy index plummeting by 1.14%, causing the broader market to also be depressed. Led by BYD, the ’Tianxing system’ stocks fell sharply, even the newly listed Ningde, which had been on the market for less than half a year, got unfairly implicated. Zhang Jing looked at Lu Liang, asking about the next plan. He hadn’t expected that holding shares worth a total of 380 billion, offloading just 3%, would cause such a big reaction. It’s not clear whether Lu Liang had underestimated his own impact on the market; now, this disrupted the entire plan. "Is it chaotic? It isn’t chaotic yet." With a smile on his lips, Lu Liang instructed everyone to hold their position, to let the bullet fly for a while and see what happens. Recycling 50 billion in funds, unbeknownst to others, was an expectation only he was aware of. With BYD still having a market value of 3900 billion, such a large enterprise could not be forced into a limit-down solely because Tianxing Fund’s restricted period had ended. Recycling 10 billion might sound like a lot, but considering the fund’s asset size was 3800 billion, it only accounted for 3%. This was just a very normal portfolio adjustment, there are always some speculative funds or institutions that opportunistically assume selling 10 billion has met Lu Liang’s expectations and that it’s a good time to establish low positions to absorb more shares. Lu Liang always treated everyone equally, after harvesting the retail investors, he started targetting the speculative funds and institutions’ leeks, making them long-term shareholders of BYD. As anticipated, everyone thought Tianxing Fund had completed its position adjustment and wouldn’t make any major moves subsequently. Near ten o’clock, there was a sudden market fluctuation. BYD opened low but went high, gradually reclaiming its position. After a ninety-minute lunch break, trading resumed, BYD turned positive, advancing strongly. As long as Tianxing Mixed Fund remained in the top three of circulating stocks, it signaled that Lu Liang was still optimistic. "Is this even possible?" Zhang Jing was astonished; Boss Lu was taking his fame to new heights. "Opened low, soared high, and closed with a gain." After observing for half an hour, Lu Liang felt that the capital invested wasn’t enough to push it to the trading limit for unloading. After thinking it over, he decided to be kinder to them, maintaining the pattern of opening low and soaring high, preparing for a major sell-off in the next two days. Institutional funds and speculative funds were sprinting at full strength, hoping to attract the retail investors trapped the previous day to follow suit and cover their positions. However, a price point of 143 seemed insurmountable; there was tremendous overhead resistance that simply couldn’t be broken no matter what. BYD, which opened with a 5.52% drop today, rose during trading to 4.35% and ultimately closed with 0.52%, ending the day’s trade. At five o’clock in the afternoon, the Dragon and Tiger List was updated once again. The top three net outflows of funds from institutions were still the three institutional seats under Tianxing. "Damn, is he still unloading?" "Fuck, the unloading volume is even crueler than yesterday." "He can’t possibly be using Big A as foreign exchange, right?" Lu Liang lost the affectionate nickname ’Liangzi’; not only were the stock bar brothers cursing him, but the industry was also filled with complaints. With over 100 billion unloaded yesterday and another hundred billion today, totaling more than 250 billion in two days. "So, they thought they were dealing with fools?" At the same time, Liangzi couldn’t help but wonder, cashing out over twenty billion in two days, what exactly did Lu Liang want to do? Was he no longer optimistic about the new energy industry? Wednesday, 8:30 AM, There were still forty-five minutes before the pre-market bidding. Zhang Jing looked at Boss Lu again, who had hit the individual investors on the first day and the institutions on the second day; who was he planning to hit on the third day? "Smash the market and offload as much as we can. Let them cover their positions." Lu Liang’s expression was solemn, and just moments ago, Yang Zhenyuan had informed him of a piece of news that forced him to change his plans. Around three o’clock this morning, an electric vehicle that was charging in an underground parking garage suddenly combusted, burning down a dozen other vehicles nearby. The vehicle was a BYD, which immediately received the news and started managing public relations to minimize negative publicity. But Yang Zhenyuan said it was most likely not going to hold, and now they were just waiting for the police investigation report. Once it was determined to be non-human caused, the new energy market would likely enter a cold winter. So, he immediately informed Lu Liang to mentally prepare in advance. Electric vehicle combustion was a recurring topic, but previously it was always due to accidents causing fires. This time, it caught fire while charging, destroying several vehicles in the garage alongside it. Even if BYD handled the compensation well, It would still deepen the public’s aversion to electric vehicles. "How have all the things collided together?" Lu Liang had a premonition that he might end up taking the blame. After all, right after they had sold off, BYD’s new energy vehicle combusted; the two events would inevitably be linked together. Extremists might even suspect it was his doing. Wednesday, 9:30 AM, Big A market opened. "Holy shit, what the hell does Lu Liang want to do now?" "A limit down? Market cap evaporated by 36.8 billion?" S~eaʀᴄh the NôᴠelFirё.net website on Google to access chapters of novels early and in the highest quality. The pre-market bidding was fine, many people didn’t care much, assuming it wouldn’t fall much in a day. They just wanted to know how much more Lu Liang wanted to sell. Resultingly, BYD continued to decline after opening. The plunging K-line seemed bottomless, touching the limit down board within minutes. BYD, being the leading stock in the sector, triggered a limit down, and other stocks couldn’t escape either, each falling by 4-8%, especially the Tianxing System stocks, almost all nearing a limit down. Having become a heavy-weight sector in Big A, new energy dropped by 4.52% that day, directly crashing the Shanghai Stock Exchange Index. For a moment, individual investors felt like they heard a horn sounding in their ears, as if seeing the three-thousand-point defense battle being fought once again. "Lu Liang, what on earth do you want to do?" "Damn it, who plays like this?" Stock forum bros were furious, pushing Lu Liang into the trending searches. The news quickly spread beyond the financial circles. "Lu Liang" "Shanghai Stock Exchange Index Plummets" "New Energy Crashes Big A" Half a month later, Lu Liang topped the trending searches again, but unlike the New York banquet, this time it was all curses. Big A’s crash was dragged down by the new energy index, the new energy index crashed because the ’Tianxing System’ stocks plummeted. Tianxing Fund held 18 stocks, 12 of which had reached their lock-up period release this Monday. Today, these 12 stocks, Displayed almost identical trends within the first five minutes of opening. Clearly indicating that Tianxing was the main culprit. If it weren’t for their mass selloff, the new energy index wouldn’t have crashed, Big A wouldn’t have crashed, and the umpteenth three-thousand-point defense battle wouldn’t be about to ignite. Facing skepticism, Lu Liang chose not to respond and continued to calmly direct the unloading in the trading room. Plans had changed; they needed more funds. "Electric vehicle combustion isn’t good for the industry, but it seems to be good for me." Lu Liang thought for a long time, then suddenly had an epiphany on how to capitalize on this situation. Bad for the industry, but beneficial for him.

Chapter 348: Spontaneous Combustion of New Energy Vehicles

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