Reaching the age of thirty, my income randomly doubled-Chapter 854 - 650 The Big Picture_2

Inject all the money into this fund to guarantee the project’s normal operation.

That way, he’ll only have 2% of NVIDIA shares left.

Undoubtedly, after NVIDIA reached an $800 billion market cap, it hit a bottleneck.

Whether it can break through in the future depends on how far its technological development goes.

As of now, it’s quite difficult to break through, and it’s possible it may drop further.

If it drops back to around $500 billion, he would likely spend more to buy some shares again.

Buying low and selling high is a perfectly normal business tactic.

On the other hand, Google has remained steady with slow but consistent growth.

Once this project is funded, the most important task this year will be completing Tengde Era’s IPO.

The cost of solid-state battery development has been optimized to the 500,000 range, making it applicable to high-end vehicles.

However, the price won’t be below a million.

A major goal for Tengfei New Energy this year is to officially launch its high-end SUV model.

The Longteng S900.

It will be equipped with Tengde Era’s latest solid-state battery, enabling a full-charge range of 2,500 kilometers while also offering rapid charging capabilities.

Charging to full capacity takes just half an hour.

Solid-state batteries are essentially the batteries used in mobile phones. These batteries have historically been unsuitable for cars due to the prohibitive costs.

Tengde Era spent six years, over 60 billion dollars, and hired more than 20,000 battery research engineers.

This is how the production cost was gradually brought down to the 500,000 range.

While reducing costs, the focus was actually on breaking through core technological barriers.

No doubt the process was extraordinarily long.

From 2016 until June 2021, only then did the possibility of mass-producing million-dollar cars become achievable.

Of course, the current limit is the production of all-electric cars priced at a million dollars.

Once the Longteng S900 launches, its price won’t be lower than 1.2 million.

It will be the first domestically developed high-end all-electric car priced over a million, not only featuring Tengde Era’s latest solid-state battery.

It will also be equipped with Tengfei AI’s next-generation intelligent driving system.

The release of this car signifies that Tengfei New Energy has truly developed its own core technology.

It also marks its potential to compete in the global and domestic high-end markets.

If the Longteng S900 succeeds, Tengde Era will achieve an IPO valuation of no less than 200 billion.

Currently, everything is still under intense preparation.

Only preliminary planning is complete; once the car is built, it must undergo a 100,000-kilometer testing phase alongside numerous data evaluations.

The actual launch is expected by this time in 2022.

In other words, within a year, Tengfei New Energy will unveil its truly iconic high-end model.

It will serve as the pinnacle of all-electric vehicle technology.

While not aiming to crush Tesla’s premium models, it has already surpassed them in many aspects.

This is a highly significant milestone event.

Tesla’s overseas SUV model boasts globally unique materials and technology, particularly in the realm of intelligent driving.

No matter how others exaggerate, it’s undeniable that Tesla’s car is indeed highly advanced.

Longteng S900’s core technology lies in its solid-state battery. While its intelligent driving system is among the best domestically, trailing only behind Baidu.

It still hasn’t reached a global leading level, but it ranks as a top-tier system within the country.

To ensure perfection in the Longteng S900, they even recruited elite design teams from Rolls-Royce and Maybach.

Specifically to refine all vehicle details.

As for key components like the three-electric system and chassis tuning.

Tengfei New Energy has spent an astronomical amount on these areas, totaling over 200 billion dollars.

This expenditure isn’t wasted; the results far exceed the mixed-and-matched solutions from others.

They possess proprietary core technology.

This is akin to Apple – why is it the longest-lasting and most stable system among mobile phones?

The main reason is that it’s the only company globally capable of fully integrating software and hardware in the development process.

The system is Apple’s own, and all hardware components, including the core technologies, are their own.

Such fully-integrated products are inherently more stable.

Most manufacturers’ smartphones rely on Qualcomm for chips, Samsung for screens, Google for systems, and various other suppliers for external components.

Globally piecing together parts from here and there, they cobble together a smartphone.

While lacking proprietary core technology, this also leads to quality instability.

Although in-house production is challenging, the resultant advantages are incomparable.

At the very least, in terms of quality assurance, it far surpasses patchwork assembly.

Tengfei New Energy has this advantage, and Tesla does too.

Another company with this advantage domestically is BYD, a company he also invests in.

Only by achieving full integration can one truly control product quality and costs.

This is a capability other new energy manufacturers lack, and it’s also the core advantage he has accumulated over the years.

To give credit where it’s due, he has indeed built a comprehensive framework for a world-class tech enterprise over the past seven years.

With annual R&D investments of 50 billion dollars, every penny is well-spent, reaping proportional results.

Many internet-based new energy companies still rely on traditional automakers to manufacture their products.

Some CEOs even claim that a certain domestic traditional automaker is more advanced than Porsche.

This scared him into immediately selling off all shares of that internet new energy company.