Becoming Rich with Daily Scavenging APP-Chapter 538: Beifu Group

Chen Yiyang stayed in the United Kingdom for a long time, but he still hasn’t found a good investment project.

Because any project involving building factories and having fixed assets can’t be carried out in Europe.

The environmental hurdle is impossible to overcome.

Not to mention dealing with various equity organizations after the environmental issues.

Chen Yiyang complained about this to Schaefer, but Schaefer proudly told Chen Yiyang that their old Europe still has industrial capabilities.

"Do you want to learn about our pride, Beifu Group?"

"Beifu Group?" Chen Yiyang asked curiously.

"It’s the hope for the future of electric vehicle batteries in Europe." Schaefer enthusiastically introduced everything about Beifu Group to Chen Yiyang.

Beifu is a company founded in Europe in ’16, established with the aim of enabling Europe to produce its own car batteries.

In order to build a factory in a place like Europe where everything emphasizes environmental protection, Beifu Group chose to build a factory in a city in Sweden near the Arctic Circle, which demands the highest environmental standards.

And this company successfully built the factory.

The sheer execution surpasses most European companies.

Nowadays, Beifu Group has received financing of 14 billion US Dollars from large consortiums and banks across Europe, and big companies like Volkswagen, BMW, and Volvo have placed orders with Beifu.

They’re just waiting for Beifu to start mass-producing the batteries so they can immediately pay and collect the goods.

Hearing Schaefer talk so impressively, Chen Yiyang also became quite curious about this company.

If Europe really can produce car batteries on a large scale, it will undoubtedly impact the domestic battery industry.

Of course, more importantly,

Beifu Group claims to produce green and environmentally friendly batteries.

This perfectly aligns with the tastes of Europeans.

There are two main reasons why Chen Yiyang’s Yiyang Automobile still can’t enter the European market.

One is the price issue.

Chen Yiyang intended to sell cars in Europe for about 200,000 RMB each.

This price is already 50,000-60,000 more than domestically.

But Europe still disagrees.

If cars from outside Europe want to enter the European market, regardless of the cost, the price must not be lower than 290,000.

To be honest, a car with a cost of around 100,000, priced at 290,000 in Europe.

Chen Yiyang isn’t worried about conscience issues but feels that at such a price, Yiyang Automobile doesn’t have a clear advantage compared to other car brands.

The second issue is naturally the environmental problem.

Europe is now full of environmental organizations, and any product entering Europe has to go through environmental scrutiny.

It’s not something that can be solved by bribing a few environmental organizations.

Because entering the European Union market means facing more than a hundred different environmental organizations from various countries.

Even if Chen Yiyang had more money, he couldn’t deal with so many organizations.

Moreover, some environmental organizations are truly founded by eco-maniacs who don’t accept bribes and only want humans to return to tribal times and integrate into nature.

Now hearing Schaefer talk about Beifu Group’s eco-friendly batteries,

Chen Yiyang instantly became interested.

If Yiyang Automobile’s European export models could be equipped with Beifu’s green eco-friendly batteries, wouldn’t it solve two dilemmas?

With the green eco-friendly batteries, there’s a justification for Yiyang Automobile’s high prices in Europe.

With the green eco-friendly batteries, those environmental organizations would naturally give Chen Yiyang a pass for the sake of Beifu Group from Europe.

So Chen Yiyang immediately hoped Schaefer could help contact Beifu’s people.

Chen Yiyang wants to discuss cooperation with Beifu Group, whether he could place an order to reserve a batch of green eco-friendly batteries.

Schaefer showed no issues and immediately agreed.

Beifu Group’s factory is located in Schelefteo near the Arctic Circle in Sweden, but their headquarters is in Stockholm, the capital of Sweden.

This is considered a famous city.

Of course, many people probably first learn about Stockholm Syndrome before knowing the city of Stockholm.

Although Stockholm is a capital city, it really doesn’t have much for tourism.

Most of the so-called attractions here are old town areas or old churches, only suitable for photo-taking and clocking in, not suitable for true leisure travel.

After all, instead of spending money in Stockholm, it’s better to go straight to Copenhagen.

But Chen Yiyang didn’t come here for leisure.

Upon arriving in Stockholm, Chen Yiyang immediately went with Schaefer to meet Peter Carlson, one of the co-founders of Beifu Group.

This Peter Carlson was once Tesla’s vice president, responsible for managing Tesla’s global supply chain, regarded as an industry elite.

This made Chen Yiyang regard Beifu with higher esteem.

The senior management is professional, feeling much more reliable than many European companies.

After meeting with the other party, the other party warmly invited Chen Yiyang to his office for a detailed conversation.

"Volkswagen, BMW, Volvo, and even Japanese car companies have placed orders with us at Beifu.

But as everyone knows, the world’s best batteries currently come from Huaxia. So I’ve always wanted to know when a Huaxia car company would place an order with us at Beifu, which would mean our Beifu Group has successfully reached the pinnacle of the world’s car battery industry.

But I didn’t expect this day to come so quickly."

Chen Yiyang sat on the sofa, watching this Beifu executive get himself all worked up.

He was tempted to quip that if it weren’t for entering the European market, no one would go here to buy batteries.

But after all, it was for business, so he said nothing.

After Peter Carlson finished boasting, Chen Yiyang started seriously discussing cooperation with him.

Beifu Group’s green energy battery pricing is rather transparent, but if you want to place an order, the initial deposit price is somewhat high, about thirty percent of the order amount.

"Because currently, there are quite a few car companies placing orders with our group, and we at Beifu are always working to expand production scale.

To prevent some companies from backing out and disrupting our production schedule, the deposit is set a bit high, hoping you don’t mind."

"If you can deliver as agreed, I have no problem on my side."

Chen Yiyang also took the opportunity to tell him that his intention in purchasing Beifu batteries is to avoid trouble from various environmental and equity organizations.

"Rest assured." Peter Carlson patted his chest and said, "Do you know where Beifu gets most of its funding from?"

"Where?" Chen Yiyang asked curiously.

According to the information, all of Beifu’s money comes from loans from major companies and banks; perhaps there’s something fishy behind this money.