"Fei Peng Automobile wants to go solo without me, but they'll have to solve three problems," Chen Yiyang said upon hearing Zhao Feipeng's words, still choosing to reply even though he knew Zhao Feipeng was joking,

"First, Fei Peng Automobile currently has no small amount of debt, so where will the cash come from to acquire the Da Vinci car-making team.

Second, Fei Peng Automobile's production capacity is already quite idle. If you acquire another car factory, how will you suppress internal opposition?

Third, you want to purchase Da Vinci Car Factory, which requires approval through a shareholders' meeting. As the major shareholder, I will certainly join forces with other shareholders to create trouble for you, making it impossible for you to pass this resolution."

"Haha, I'm just joking with you."

Earlier, Zhao Feipeng was slightly tempted. But upon further thought, leaving Chen Yiyang aside to buy Da Vinci Car Factory alone was indeed full of challenges.

The biggest problem is still funding.

Even during Fei Peng Automobile's best development years, it didn't make much money because the profits went into expansion.

Now plunged into a trough, the company has even less money.

Even if DiDi sells Da Vinci Car Factory at a discount, it would still cost at least several billion.

Fei Peng Automobile can't produce this money, and even if it could borrow or take a loan, it couldn't convince investors and the board to suddenly go buy a car factory.

After talking to Zhao Feipeng, Chen Yiyang then called the team at Da Vinci, asking them to bring the people from DiDi Chuxing over to discuss this collaboration.

DiDi Chuxing has been quite unhappy these past two years due to the ride-hailing app being removed from platforms nationwide and being criticized by authorities.

Hearing Chen Yiyang willing to gather everyone together for collaboration was naturally welcome.

Thus, after nearly a week of negotiations, DiDi Chuxing, Chen Yiyang, Fei Peng Automobile, and Lin'an City finally settled on a collaboration method.

The four parties will set up a car company named Yiyang Automobile in Lin'an.

Chen Yiyang will pay DiDi Chuxing one billion in cash to purchase 30% of Da Vinci Car Factory's shares.

The remaining 70% of Da Vinci Car Factory's shares will be exchanged for 25% of Yiyang Automobile's shares.

So, the final share structure of Yiyang Automobile is 51% held by Chen Yiyang, 25% held by DiDi Chuxing, 5% by Lin'an Science and Technology Innovation Group (Lin'an City State-owned Capital Investment Company), and 10% by Fei Peng Automobile through its smart driving technology contribution.

The remaining 9% of shares include 5% for an employee shareholding plan, 1% gifted by Chen Yiyang to small accountant Shen Yifan, and another 3% held by several recruited management personnel.

The headquarters of Yiyang Automobile Factory is established in Lin'an City, while the car manufacturing plant is in the Imperial Capital, and logistics and smart driving team are based in Yangcheng.

At its inception, Yiyang Automobile Factory primarily focuses on making ride-hailing cars.

After the founding of Yiyang Automobile, DiDi Chuxing immediately signed an order for twenty thousand cars, marking Yiyang Automobile's first order.

This means the first batch of cars produced by Yiyang Automobile will be bought by DiDi Chuxing, regardless of quality.

For a newly established car company, this at least ensures the company's first model can break-even.

Once all contracts were signed, Chen Yiyang and the other three parties jointly held a signing ceremony, publicly announcing the establishment of the new car factory.

It certainly caused quite a stir domestically.

The online sensation primarily revolves around Chen Yiyang's personal identity.

In public perception, Chen Yiyang is viewed as a wealthy individual who buys e-sports clubs and invests in films and TV series.

He doesn't appear much different from the prince of Wanda Group.

How did he suddenly decide to enter the automotive industry?

The last person who ventured into the automotive industry was Lei Jun, the head of the trillion-dollar Rice corporation.

The offline sensation was even simpler.

People within the circle had long known about the matter between Chen Yiyang and Changcheng.

Originally, they always thought Chen Yiyang's talk about buying a car factory in the Imperial Capital to compete with Changcheng was a joke.

But unexpectedly, he really established a car enterprise overnight, backed by Fei Peng Automobile and DiDi Chuxing, not to mention lightly in terms of influence.

Shortly after this news release, there were rumors circulating in the Imperial Capital circle, saying that Wei Yujun went to see Liu Chuanzhi the night of the news release but couldn't reach an agreement.

Liu Chuanzhi is like the patriarch of the Imperial Capital's business circle.

His numerous enterprises under his name are best known for Link Group, specializing in computers and other electronic products.

And why did Wei Yujun seek Liu Chuanzhi?

Because Liu Qin, co-founder and president of DiDi Chuxing, is Liu Chuanzhi's daughter.

But for DiDi Chuxing now, personal relationships are no longer a priority; what's important is how to escape the predicament caused by a series of penalties.

DiDi Chuxing's founder and chairman Chen Wei holds 7% of DiDi's shares, with 15% voting rights.

Liu Qin holds 1.7% of shares, with 6% voting rights.

These two have very low voting rights in their hands.

DiDi Chuxing's real major shareholders are Japan's Softbank, the United States' Uber, and Tengxu Group.

These three respectively hold 21%, 12%, and 7% of DiDi Chuxing's shares.

Generally, in domestic companies, many companies are also invested by large institutions, making founders minor shareholders.

But the founders usually have far greater voting rights than shares, so they can still control the company.

But not DiDi Chuxing; its three investing institutions' shares correspond to their voting rights, making them the true decision-makers.

So for these three capital entities, personal relationships aren't important; what's important is how to rid of the burden called Da Vinci Car Factory.

Wei Yujun naturally ran into obstacles when seeking Liu Chuanzhi.

At this point, Wei Yujun finally dared not underestimate Chen Yiyang anymore.

Because Chen Yiyang really bought a car factory, entering the automotive industry circle.

Certainly, it can't be said that Chen Yiyang's Yiyang Automobile poses any threat to Changcheng.

After all, Changcheng has been stable for many years, both in terms of product and market value.

And Yiyang Automobile Factory is currently just a small factory, primarily making smaller, cheaper ride-hailing cars.

But anyone with a discerning eye can see, Chen Yiyang's acquisition of Da Vinci is probably intended to settle scores with Changcheng.

How old is Chen Yiyang this year?

Changcheng took twenty years to reach its billion-worth market value.

Can Chen Yiyang catch up to Changcheng within ten years and exact revenge?

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