Reaching the age of thirty, my income randomly doubled

Chapter 793: Chapter 600 Basic Situation

Chang Fu still introduced some basic information to Chen Pingsheng.

This time, Gao Hu came back wanting to start live-streaming businesses, and according to Chang Fu’s plan, he would fund the setup of a live-streaming sales company in partnership with Gao Hu.

Using the name of “Founder and Former CEO of Fei Yangyang” to attract traffic.

To use that title, they must get Chen Pingsheng’s approval.

Otherwise, the traffic from Fei Yangyang isn’t something a former CEO can just borrow as they wish.

Chen Pingsheng didn’t really have any objections—nowadays, more and more entrepreneurs have started getting into short videos themselves.

Although it doesn’t carry the best reputation in the entrepreneurial circle, from a money-making viewpoint, it’s still an effective method.

As for people like Zhang Wei, who just want to use some traffic to gain assistance, that’s even simpler.

That’s not a big issue.

Old classmates rarely gather in the Magic City, so arrangements naturally fell to Chang Fu.

He’s enjoying life quite comfortably now, holding tens of billions in his hands, living a carefree life.

At their age, they no longer have much interest in noisy clubs.

Getting a massage or indulging in high-end reflexology is more their style.

Chang Fu even asked Gao Hu whether he wanted some more excitement—perhaps hiring two companions at once.

Gao Hu used to enjoy this, and now that he was divorced, there was no one to criticize him.

Gao Hu shook his head; it wasn’t that he wasn’t interested, he just didn’t have the energy or mood for it anymore.

After the gathering ended, Chang Fu still helped Zhang Wei a bit, letting his barbershops flourish rapidly in Sha City.

The news spread quickly among their classmates, and more and more people came to the Magic City to seek Chang Fu’s help.

At first, he was happy to assist—they were small matters. Later, it became overwhelming.

Classmates came to him for everything: borrowing money, finding jobs for siblings, or advancing their own careers.

Once you start helping people, if you help one but not the other, trouble brews.

In just a week, Chang Fu was warned by his wife, Yang Qian.

He had some level of fear toward Yang Qian—though fear might not be the right word; it was more respect.

If it weren’t for Yang Qian keeping him in check, his fate wouldn’t have been much better than Gao Hu’s.

This proves the old saying: “A good wife is a great blessing.” A good wife is truly invaluable.

Because so many people were asking him for help, Yang Qian even forced Chang Fu to turn off his phone.

She ordered him to focus on running his traditional Chinese therapeutic clinic with peace of mind.

Luckily for Chen Pingsheng, he had never placed all his bets on Chang Fu alone. Once this guy left Tengying Group, his laid-back personality became fully exposed.

And since he had achieved financial freedom, he entirely lacked the drive and passion of his younger days.

It was almost certain that his traditional medicine therapy center wouldn’t take off successfully.

This had nothing to do with his wife’s Tongxin Family initiative but was purely due to Chang Fu himself and his lazy demeanor.

In the Big Era, which industry isn’t fiercely competitive?

A complete outsider may come in wielding a ton of money, but without putting in real effort, success is out of the question.

Chen Pingsheng couldn’t even be bothered to remind him. Even if Chang Fu lost all ten billion, he still had 90 billion left.

Would that impact his quality of life? Impossible.

Time passed slowly; in the blink of an eye, it was March 9th.

Chen An’an still did as she pleased in her middle school division, while Er Piya strutted around like before, always leaving the house with at least four cars as her entourage.

As for Little Third, Chen Lu, he still spent his days following his female classmate, Su Xiaoxi, everywhere.

He simply loved hanging out with her.

As for Chen Pingsheng himself, most of his focus was now on the new energy sector, including the health and wellness industry.

This year, Tengfei New Energy, based on market estimates, planned to build another super factory.

The investment would be between 8 billion and 12 billion.

This was in response to the explosive growth seen in the new energy market.

New energy vehicles had gone from an early penetration rate of less than 3% to around 15% now.

Perhaps within two years, the share could jump to between 30% and 40%.

This percentage referred to the share of domestic vehicle sales.

While traditional fuel cars still dominate, the new energy sector is undeniably booming.

Building a second-phase super factory was to address the anticipated explosive demand in the future for new energy vehicles.

Currently, in terms of sales of new energy vehicles, Tesla remains the undisputed leader.

Their Model Y holds a firm grip on the top spot of the sales charts.

This is the result of their decade-plus of accumulated expertise. Except for Visionary Boss claiming “Everything they have, we have too,” no one else dares to boast like that to consumers.

Good is good — respecting competitors is the first step toward surpassing them.

Aside from Tesla’s Model Y, Tengfei’s newly launched P9 was the second-best in terms of sales.

Tengfei only launches two new cars per year: one is an updated version of an existing product, and the other is an entirely innovative model.

The P9 is a family-style SUV, while the newly launched U5 is a coupe sedan popular with younger buyers.

In terms of design, its style is somewhat similar to the Audi S7.

When it comes to making coupe sedans that are visually appealing, you can’t avoid referencing three models.

One is the Porsche Panamera, another is the Audi S7, and the last is the Mercedes-AMG GT 50.

Among these, the Panamera is undoubtedly the most stunning, with the most distinguishable features.

Anyone trying to mimic it would be easily spotted at a glance.

It’s certain there will be imitators in the future—just a matter of which car manufacturer does it.

It’s challenging to outdo the Panamera’s design, but mimicking it is much easier.

In comparison, while the Audi S7 is also good-looking, its features aren’t as striking.

The reason for focusing on just a few models is to concentrate the company’s R&D capabilities and prioritize the upgrades of two flagship products.

Upgrading them annually ensures they become classics in a few years.

Some automakers enjoy creating concept cars to attract attention; Chen Pingsheng believes that’s pure sensationalism.

If you can’t even sell regular cars successfully, what’s the point of making concept cars? Isn’t that just trying to scam money out of capital markets?

Some take it even further, trying to develop flying cars when they haven’t even mastered making standard ones.

Do they think it’s still the 1990s when the public could be easily fooled?

Chen Pingsheng firmly stuck to his strategy of focusing. In three more years, if he could refine the P series and U series to perfection, that would already be impressive.

There was no need to bother with meaningless gimmicks.

Consumers don’t choose cars based on a company’s marketing tricks—they want dependable and genuinely quality vehicles.

The competition in the new energy market was also becoming fiercer. Their solid-state battery, in development for nearly five years, was showing some promise.

However, they still couldn’t overcome the high production costs, though these costs had dropped from over three million to one million per unit.

It remained far from reaching consumer-level standards.

Solid-state batteries, similar to those used in mobile phones, require a breakthrough in cost reduction to make them viable for use in cars.

Five years in, his investment in this area had already exceeded 7 billion.

And it still hadn’t met the required standards for new energy vehicles.

How much longer it would take to make a breakthrough remained a complete mystery.

Maybe three years, maybe five—who could say for sure?

All Chen Pingsheng could do was maintain faith in the top-tier engineers he’d hired with such a massive annual budget.

If they couldn’t develop something within ten years, that would indeed be hard to justify.