The negotiations between Chen Pingsheng and Zhang Zhiyao were nearing their end.
The good news was that he would soon own one of the largest lithium iron phosphate battery factories in the country.
The bad news was that he was about to invest 5.5 billion for a full acquisition of this super factory, which was suffering from huge losses.
Within three years, he would also have to allocate 15 billion for targeted battery research and development investment.
Without this dedicated R&D fund, Zhang Zhiyao might not necessarily have sold it to him.
Domestic electronic business operations often fall into two models.
One model is an integrated, ecological enterprise that combines production, education, and research.
Though 'production, education, and research' sounds simple, the investment required is enormous.
