Walking on Two Legs, Two-Wheeled Electric Vehicle

Another production line was established alongside the new battery factory!

Currently, Jiuzhou Mini's production capacity is around sixty-three units per day. After deducting taxes, employee salaries, and other expenses, the average profit per unit is two thousand yuan, bringing in about 120,000 yuan daily and approximately 3.8 million yuan per month.

The reason for wanting to establish a production factory for another product now is due to a heart-to-heart talk with his father, which made Xu Yifan realize a fatal flaw in the Jiuzhou Automobile Factory.

"I've never run a factory before and thought everything was too simple."

"For large corporations with complex shareholding structures, it's fine; their risk resistance is incomparable. But for a small factory like mine, which is my sole possession, I can't rely on just one product. The risk is simply too great."

"Also, it's best to maintain good relations with local officials by providing more employment opportunities and tax revenue. Once developed to a certain extent, local officials might even protect the factory, making it difficult to go bankrupt!"

Despite the current hot sales of the Jiuzhou Mini, the Jiuzhou Automobile Factory is actually on the verge of danger.

According to Xu Yifan's projections, similar models to the Jiuzhou Mini will emerge to compete within three months, or at most, six months. As the Jiuzhou Mini becomes increasingly popular, it will undoubtedly attract the attention of surrounding and even other domestic car manufacturers, leading well-known car companies to enter this market. That will be the true moment of intense competition!

Even though the Jiuzhou Mini will have its own battery technology by then, it won't be a 100% guarantee of defeating all competitors and becoming the sole dominant company in the entire Old Man Happy market. It's even possible it could be defeated!

Product sales sometimes depend not only on technology and quality but also on marketing, pricing, reputation, and even government policies, all of which can influence sales figures. Having technology provides a certain advantage. Products with technology that don't sell well are also common. Being too idealistic can lead to a harsh blow from the market.

Therefore, Jiuzhou Automobile must have a second product. Even if the Jiuzhou Mini's sales falter and investments are wasted, the company will still be able to pay employee salaries, cover the costs of materials and equipment, and even provide funds for a comeback!

Don't put all your eggs in one basket. Walking on two legs will lead to a more stable and farther journey; relying on a single product model is too risky.

"The production and manufacturing of another product is imperative. It's even best if it's not a car, or the current Old Man Happy like the Jiuzhou Mini."

Combining the advantages of the new Lithium Iron Phosphate Battery Technology that the Jiuzhou Automobile Factory will soon possess, the ultimate goal is almost set: two-wheeled electric vehicles! Instead of venturing into a completely unfamiliar field, it's better to fully leverage existing technological strengths.

The market for two-wheeled electric vehicles is currently developing very well. After 2008, China's economy entered a phase of rapid development, and sales of two-wheeled electric vehicles were very strong in the following years. Even before Xu Yifan's transmigration, the number of two-wheeled electric vehicles on the road was very high.

Two-wheeled electric vehicles are a basic necessity for most urban families, convenient for grocery shopping, commuting, and more! They are affordable, can easily navigate city streets, and bring great convenience to people's travel. Even many car-owning families prefer to ride electric scooters for convenience in parking!

"Yadea, Aima, Xinri, Luyuan, and other electric vehicle brands haven't yet solidified their market positions as they will in the future."

"The two-wheeled electric vehicle market is currently a bloody battleground, with both high-quality and low-quality products being sold."

"Adding Jiuzhou Electric Vehicle to the mix isn't impossible. In the future, led by Jiuzhou Electric Vehicle, people might think of Jiuzhou Electric Vehicle first when considering buying a two-wheeled electric vehicle!"

"Without as many components as cars, like the frame, motor, battery, and controller, the production capacity can be much higher."

"With our own battery factory producing new Lithium Iron Phosphate Batteries, the range can be longer and more durable than lead-acid batteries, giving us an advantage against other brands."

"At the same time, producing Lithium Iron Phosphate Batteries ourselves will significantly lower battery costs, making them comparable to lead-acid batteries. This will result in lower costs than other brands' electric vehicles."

"Walking on two legs, we'll make both products the strongest!"

Furthermore, compared to manufacturing cars, building two-wheeled electric vehicles requires much less investment. An investment of tens of millions could establish a decent electric vehicle production plant by current standards! While it might not surpass the quality of major manufacturers, the gap won't be that large. With the advantage in batteries, the gap will be narrowed, and it might even be better for some consumers!

Xu Yifan spent several hours meticulously organizing his plans and outlining the investment allocation for the upcoming projects on his computer.

After a long while, he put down his pen and sighed with a hint of helplessness.

"Unfortunately, I still have too little money. If I had inexhaustible funds, both the battery factory and the two-wheeled electric vehicle production plant could be built more perfectly, directly using the best equipment available today."

"The scale could be larger, production capacity higher, allowing us to capture the entire market and become a behemoth in the Old Man Happy sector, or quickly sell electric two-wheelers nationwide for huge profits."

"Investment in technological research and development could also proceed simultaneously. Motors, controllers, creating truly powerful new energy vehicles, reclaiming the market currently dominated by joint ventures, and even entering more fields like mobile phones, chips, aerospace, aviation, and military applications..."

"With money, building supporting production plants would further compress costs, creating significant price and technological advantages. Products would be cheap and good. As long as nothing goes wrong, a commercial empire could be built within a few years."

After indulging in a fantasy, Xu Yifan sighed again.

Just then.

Knock, knock, knock------

A knock on the door sounded.

Putting his thoughts away, Xu Yifan regained his cool, composed demeanor and said, "Come in!"

The door opened, and a tall, beautiful young woman in uniform walked in. It was none other than Secretary Lin Wanxia.

"Boss, someone from the city just came to inform us that the Deputy Secretary will be inspecting our factory tomorrow!"

As she reported, Lin Wanxia's big eyes secretly appraised her boss. Her boss was still incredibly handsome today!

"Inspecting? For what?" Xu Yifan's mind was filled with confusion, but he immediately thought of a possibility.

Perhaps, this could be a good thing!

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