Reaching the age of thirty, my income randomly doubled

Chapter 794: Chapter 601: The Situation in March

March 11.

Chen Pingsheng, along with Tang Jing and most of the senior management of the group, went to visit the Tengde Era Battery Factory located in Shenzhen.

This factory was purchased for 6 billion yuan when he initially planned to venture into the new energy sector.

Over the course of five years, more than 60 billion yuan has been invested in its research and development division, making it indisputably the largest Lithium Iron Phosphate battery facility in the country.

Currently, the number of patents it has applied for exceeds 1,000, all related to the battery sector.

The core focus of Tengde Era has always been solid-state batteries, and once solid-state battery technology is successfully developed, Tengfei New Energy will truly have the ability to compete in the global market.

No longer limited to the domestic market.

Don’t be fooled by some exaggerated claims—foreign markets don’t actually recognize domestic pure electric vehicles very much.

In reality, electric cars are mainly popular in the domestic industry.

If one wants to expand overseas, lacking proprietary core technology is utterly insufficient to compete with century-old automotive companies.

For electric vehicles to truly outperform fuel-powered cars, solid-state batteries are a must.

Otherwise, no matter how much you boast, it remains meaningless.

The reason is simple: fuel costs abroad are not particularly high, whereas electricity costs are not cheap either.

Compare these two aspects, and you’ll find that genuinely choosing electric vehicles is a rarity.