Special troubles of rebirth

Mi Lai's sudden words interrupted Wang Yu's thinking.

Seeing the expressions of Bai Jieru and Mi Lai, Wang Yu knew that they had almost the same idea.

This is not their fault. From a purely commercial investment perspective at this stage, this method seems to be the best choice.

But some "legends" about Hefei came to Wang Yu's mind.

In 2020, before Wang Yu was reborn, Hefei's GDP exceeded one trillion, thirty times that of 2000.

GDP has increased 20 times in 30 years. Looking at this kind of growth rate in China, I am afraid there is no one other than Pengcheng.

From obscurity and almost no existence, it has now become the international capital of home appliances, IC, and innovation, and then was shortlisted for the first time in the list of new first-tier cities in 2020. Hefei is a model of a city's gorgeous counterattack.

On what grounds?

Is it the University of Science and Technology of China?

Is it the business environment that has been maintained for two decades and the leading cadres who have the courage to take on responsibilities?

Some people think that Hefei is "lucky", but this does not explain why Hefei can be proud of the world again and again; some people say that Hefei is "courageous", but others refute that Hefei people are very conservative at heart.

In fact, all investment attraction activities in Hefei are better called "venture capital disguised as government" than "gambling city".

The key is that the direction of Hefei Investment is also very clear: enterprises that are in line with the direction of industrial development and emerging industries that are in line with national policy guidance.

These are not the magical things about Hefei. What the market talks about most here is that Hefei focuses on those large and distressed enterprises that are "desperate" and boldly places "recruitment" measures and dares to accept "princes in distress".

One after another, unicorn companies that were in deep trouble and struggling have undergone wonderful chemical reactions under the catalysis of the "Hefei Model", achieving "epic rise" and creating jaw-dropping brilliant achievements.

In December 1999, when "Silicon Valley Tianyin" founded by HKUST students with an investment of 12 million yuan was running out of ammunition, three state-owned enterprises, namely Huizhou Trust, Meiling Group and Hefei Yongxin, each invested 300 million yuan to hold 1020% of the equity. Together with the old shareholders of Tianyin in Silicon Valley, iFlytek Co., Ltd. was established, which finally solved the urgent need.

This company is the predecessor of iFlytek. Everyone has seen the subsequent facts. iFlytek has developed into a star enterprise with a revenue of over 10 billion yuan, a market value of nearly 100 billion yuan, a staff of over 10,000, and a tax payment of nearly 1 billion yuan a year. It has become a beautiful business card for Hui Province’s high-tech industry and artificial intelligence industry.

This is not the only legendary story, there are many similar behaviors.

In 2011, Hefei began to write the story of "Chinese Chip" by betting on Changxin Semiconductor.

In 2013, Huami Technology's predecessor, Huaheng Electronics, fell into development difficulties, and the High-tech Credit Guarantee Company under Hefei High-tech Investment Group provided a guarantee in a timely manner.

The most commendable investment in Hefei is the 2020 billion investment in NIO in 70.

Before receiving the 70 billion yuan investment from the Hefei government, NIO's life was hanging by a thread. After losing 2019 billion yuan in 112.9, NIO was in its most difficult time and wished it could break a penny in half.

Therefore, when Hefei decided to "generously donate" to Weilai in April 2020, the outside world regarded it as "a big gamble."

After the funding was secured, NIO’s situation gradually improved.

By the second half of 2020, NIO's share price soared 20 times, and its sales reached record highs. Its market value has reached nearly US$900 billion, making it the fifth-highest car company in the world by market value.

Since the introduction of new energy vehicle business in Hefei, JAC, Volkswagen, Guoxuan and NIO have taken root in Hefei as a team. New energy vehicle sales in Hui Province account for 12% of the country...

According to incomplete statistics, Hefei has invested in more than 50 related projects around the new energy vehicle industry, with a total investment of more than 500 billion and more than 120 industrial chain companies.

In addition to new energy vehicles, Hefei has also made a bigger "gamble".

In 2008, BOE, which had a huge loss of more than 10 billion yuan, settled in Hefei and started building a 6th generation TFT-LCD liquid crystal panel line. The 175 billion yuan required for the project was completely funded by the government.

The courage of Hefei leaders to take responsibility can be seen in their investment in BOE at that time.

In 2008, at the most desperate time of the international financial tsunami, BOE was struggling on the verge of death. In order to survive, it sold health and nutritional tea, opened a Beijing roast duck restaurant, and developed "Green Wave" nutritional solution...

According to the book "Light Change", at that time, both the government and financial institutions were not optimistic about China's display industry. It was generally believed that production could only be achieved by introducing production lines from abroad.

However, LCD monitors are a cutting-edge industry in the world. A production line often requires an investment of 10 to 20 billion yuan. Few companies can afford it, let alone local governments.

You must know that Hefei's annual fiscal revenue at that time was only 10 billion yuan, but they did not believe in this evil.

Some media reported that a Hefei government official once revealed, “In order for the project to be launched, HF City promised to invest 80% of its annual fiscal revenue.”

For the sake of BOE, Hefei even suspended its subway project.

This move quickly aroused doubts from all parties. At that time, the Hefei government, despite facing great pressure, still defied public opinion and finalized the BOE sixth-generation line project.

Facts have proved that the Hefei leaders’ hard work and hard work in exchanging the city subway for BOE Yibo was not in vain.

In 2010, after BOE's sixth-generation line was put into production, it ended China's 100% reliance on imports of large-size LCD panels. For the first time, China's color TV industry obtained a local display supplier.

In the following 10 years, BOE also opened 8.5-generation lines and 10.5-generation lines in Hefei, driving more than 70 supporting companies to develop in Hefei, creating countless upstream and downstream jobs.

Today, Hefei has become one of the largest display screen bases in the world. In addition to a number of leading companies such as BOE and Visionox, a number of supporting companies have also settled in, opening up the entire industry from raw materials to core devices to terminal applications. industrial chain.

All the above have created a trillion-dollar Hefei and a development speed no less than that of Pengcheng.

Wang Yu knows that the current Hefei government must be in a difficult situation. It has stopped the subway to support the BOE project. No matter which project he invests in Hefei, he will not be able to get a lot of financial support in a short time.

But he clearly knows that Hefei has the soil to cultivate the new energy automobile industry, and the automobile supporting industry is also sound and systematic.

Even if it is not available now, Hefei will try its best to help make up for it with its serious attitude.

And there is a more critical point: when we talked about new energy vehicles last time, the leaders of Shanghai City thought it was not mature. Wang Yu’s idea at the time was to start from traditional oil vehicles and step into the threshold of new energy electric vehicles. .

Until the policy of sending home appliances to the countryside jolted his memory, reminding him of the massive subsidies for the new energy vehicle industry that began in 10.

This step cannot be slowed down. Not only cannot it be slowed down, it must also be accelerated!

Previously, Wang Yu had formed an obsession because he wanted to land the new energy vehicle project in Shanghai, and secretly flapped his butterfly wings.

But now, because of Su Sheng's sudden intervention, Wang Yu started to think about the overall strategic layout again, and a new idea began to form in his mind.

"When we engage in industrial layout, we must not only consider self-development, but also consider driving the industrial chain and promoting local economic development."

At this time, Wang Yu raised his head and looked at Bai Jieru and said, "I suddenly thought of a new plan!"