Friday, November 24, 2023

Investment exceeds 10 billion! Why do two Forbes billionaires fall in love with Zhaoqing?

Investment exceeds 10 billion! Why do two Forbes billionaires fall in love with Zhaoqing?

Zhaoqing Xijiang Net 2023-11-23 20:51 Published in Guangdong


The following article comes from Baopu Finance, written by Jin Lun



2021,

Because CATL’s stock price has soared,

Forbes real-time rich list on May 4,

Zeng Yuqun, chairman of CATL, who has been naturalized in Hong Kong,

At that time, his wealth amounted to US$34.5 billion.

surpassed Li Ka-shing, the founder of Cheung Kong Group,

Become the richest man in Hong Kong.


2021,

He Xiaopeng was selected into the "2021 Forbes Mainland China Rich List",

Ranked 76th with a wealth of 48 billion yuan.

Zeng Yuqun ranks third on this list.

That is, both of them are rich people on the Forbes list.



Very interestingly,

Just this February 2021:

Ningde Times Power invested 12 billion yuan in the first phase

and energy storage battery project signed and settled in Zhaoqing,

Registered as Ruiqing Times Company,

This is the largest single investment industrial project in Zhaoqing since its establishment.

This is the largest single investment industrial project in Zhaoqing since its establishment.

Zeng Yuqun, chairman of Ningde Times, took action!




Xpeng Intelligent Network Technology Industrial Park

Settled in Zhaoqing in 2017,

Xpeng Motors announced at that time,

The project is divided into three phases, with a total planned land area of 3,000 acres.

The total investment in the first and second phases is 10 billion yuan.

Xpeng Intelligent Network Technology Industrial Park  Settled in Zhaoqing in 2017,  Xpeng Motors announced at that time,  The project is divided into three phases, with a total planned land area of 3,000 acres.  The total investment in the first and second phases is 10 billion yuan.

He Xiaopeng, chairman of Xpeng Motors, also took action!



In other words, the two big guys Zeng and He

They have invested more than 10 billion in Zhaoqing.

Why do two Forbes billionaires fall in love with Zhaoqing?

figure this out

It helps us to re-understand Zhaoqing.




Geographical advantages mean low costs

Let’s talk about culture first. On November 17 2023 , the 4th World Cantonese People’s Friendship Conference opened in Zhaoqing, Guangdong. More than a thousand guests from 421 societies and 60 countries and regions around the world gathered together.


Zhaoqing is one of the main birthplaces of Guangfu culture. Not only that, Zhaoqing was also the political center and military town in the Xijiang River Basin. It has many precious historical and cultural heritages, including Guangxin Culture, Fucheng Culture, Duan Inkstone Culture, Longmu Culture, etc.

Zhaoqing Ancient City Wall,Guangdong,china,

Zhaoqing Ancient City Wall 


In other words, Zhaoqing was an important hub in history and the "traffic center" at that time, which indirectly shaped the relatively open, pragmatic and enthusiastic temperament of Zhaoqing people.


Understanding Zhaoqing’s history and culture is equivalent to understanding Zhaoqing’s genes. Zhaoqing's cultural history and urban landscape can certainly attract many people, but business leaders have more practical considerations. History and geography are closely related, and geographical advantages are one of the reasons why Zhaoqing has repeatedly been favored by business leaders.




What are the geographical advantages of Zhaoqing?

It is more convincing for us to quote the parties’ statements.


Xpeng's Zhaoqing factory is located in the Zhaoqing High-tech Industrial Development Zone. As for why Zhaoqing was chosen, the person in charge of Xpeng Motors said this: "Guangdong has a manufacturing foundation and a market foundation, and has the conditions for automobile production. Zhaoqing is 50 kilometers away from the core urban area of Guangzhou. Kilometers, less than an hour away, the factory covers all the power supply systems required for automobile manufacturing within a radius of 100 kilometers."


Zhaoqing is very close to Xpeng’s Guangzhou headquarters.

There is sufficient power supply,

These are the two outstanding advantages.

Xiaopeng Intelligent Network Technology Industrial Park

Xiaopeng Intelligent Network Technology Industrial Park


The close distance greatly facilitates full communication between the R&D team and the manufacturing team, saves a lot of time and cost, and effectively guarantees the progress of product mass production.


Sufficient power supply means that the production process is guaranteed. Intermittent power outages will cause too much damage to the factory.


Another point is actually more important. The Guangdong-Hong Kong-Macao Greater Bay Area has always been the core area of automobile manufacturing in South China. Xpeng Motors has targeted the Guangdong-Hong Kong-Macao Greater Bay Area and can make full use of the surrounding mature automobile production facilities to achieve integrated management of R&D and manufacturing.


Zhaoqing City is located at the transportation hub between the coast and the inland, with multiple highways, railways and waterways running through the entire territory. These are Zhaoqing's outstanding advantages.


Geographical advantage means low costs, which is one of the most important factors for entrepreneurs.

Zhaoqing City

Zhaoqing City



Zhaoqing has unique manufacturing advantages

After all, the geographical advantage is God’s reward.

There are still things in Zhaoqing that don’t rely on God to provide food for you.


Two core strengths.

If a factory wants to build a car, supporting equipment is very important.

Especially the die-casting industry is very important.


Zhaoqing Gaoyao District is one of the industrial clusters with the most concentrated die-casting industry in the country and the most advanced die-casting production units. It is a "fatal temptation" for the new energy vehicle and auto parts industry. The supporting facilities are readily available. Come to Zhaoqing. ? In fact, you don’t need to think more about it.

"China Die Casting Industry Cluster Demonstration Base" Jindu Town, Gaoyao District, Zhaoqing City

"China Die Casting Industry Cluster Demonstration Base" Jindu Town, Gaoyao District, Zhaoqing City



This is super hard core strength. The high-quality industries that Zhaoqing had before have also become the parasol tree attracting Forbes rich people. Zhaoqing people themselves did not expect it.


Therefore, regardless of people or cities, having high-quality products is the core competitiveness.


Zhaoqing's rapid rise in the new energy industry is not due to luck, but to the historical accumulation of manufacturing.


Gaoyao District is also very competitive. Relying on a good die-casting industry foundation, it has built a professional auto parts die-casting industry cluster with the R&D and production of precision die-casting parts as its core. It has further improved the upstream and downstream industrial chains of the auto parts industry, expanded the industrial scale, and can earn money. It has money, and it plays a role in building an ecosystem for the new energy vehicle industry, which allows high-quality companies to take root and cannot do without this ecosystem.

Jindu Industrial Cluster Base-Gaoyao

Jindu Industrial Cluster Base-Gaoyao



The entire ecosystem continues to grow and expand,

Let's all make a fortune together, this is what we need:


In the past few years, Zhaoqing has introduced 11 new energy vehicle and auto parts projects worth over 1 billion yuan, with a total planned investment of 26.25 billion yuan.


In the past three years, the output value of Zhaoqing's new energy vehicles and auto parts industry has achieved three consecutive increases and has now exceeded the 70 billion yuan mark. The output value growth rate has exceeded 50% for two consecutive years.


What is hard core power?

This is hard core power.

The city has solidly created jobs,

It’s especially valuable right now.

It allows the common people to have classes and get paid.

This is the greatest stabilization measure.



Zhaoqing’s speed is impressive

Zhaoqing’s second core strength is its strong business environment and execution capabilities. How strong is it? In some specific fields and specific projects, it even means that Shanghai is executing the Tesla project.


In February 2021, the CATL power and energy storage battery project with an initial investment of 12 billion yuan was signed and settled in Zhaoqing.

Ruiqing Era under construction 2021

Ruiqing Era under construction 2021


After the start of construction on March 28 2021, the project took only one month to complete the construction of nearly 20,000 piles, 6 months to complete the capping of the 500,000-square-meter factory, 8 months to install the first batch of equipment, and 10 months to complete the first batch of battery packs. The sample rolled off the production line and production was completed within 14 months, setting a new pace in Zhaoqing.


Therefore, Zeng Yuqun, the richest man in Hong Kong at the time and chairman of CATL, said something very exciting: "CATL is honored to be a member of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. It will make every effort to build Ruiqing Times into a global lighthouse factory. Actively promote the development of high-end industries, deeply integrate into the global industrial chain, and promote the transformation of 'Made in Guangdong' to intelligent manufacturing."

Zeng Yuqun

Zeng Yuqun


"Lighthouse Factory" is the highest honor in the manufacturing industry - the "Lighthouse Factory" project was selected by the Davos World Economic Forum in cooperation with the management consulting firm McKinsey. It is known as "the most advanced factory in the world" and has exemplary significance. Demonstrator of "Digital Manufacturing" and "Globalization 4.0", it represents the highest level of intelligent manufacturing and digitalization in the global manufacturing field today.


Compare Shanghai Tesla

Gigafactory construction speed:

Tesla project from start to delivery,

It only took 12 short months.

It’s 14 months in Zhaoqing and 12 months in Shanghai.

However, Shanghai is a first-tier city and Zhaoqing is a third-tier city.

Therefore, from the perspective of this construction period,

Zhaoqing’s speed is already impressive.

Zhaoqing Xpeng Automobile Intelligent Network Technology Industrial Park production line

Zhaoqing Xpeng Automobile Intelligent Network Technology Industrial Park production line


Zhaoqing speed Several other cases are equally surprising,

It feels like people in Zhaoqing are “going crazy”

Nothing like the gentle Zhaoqing people.



Media reports show:

Shenzhen Haobo Window Control Co., Ltd. officially signed a contract with Zhaoqing agglomeration area in April this year. The construction land was listed in April and the land was auctioned in May. Construction started immediately after the land acquisition. Haobo became the fastest project in Zhaoqing agglomeration area. .


The Zhaoqing project of GCL Group, one of the world's top 500 new energy companies, has now settled in Sihui City. It only took 125 days from the first visit to the company by the relevant Zhaoqing departments to the start of the project. The land supply time was shortened from half a year to one month, realizing the "land acquisition" Construction will begin immediately.”


The starting area of Zhaoqing agglomeration city management provides land to one project on average every eight days. Therefore, Zhaoqing's speed is a bit like Shenzhen's speed back then.

A large industrial cluster in Guangdong Province (Zhaoqing)

A large industrial cluster in Guangdong Province (Zhaoqing)


Since 2022, Zhaoqing has introduced a total investment of more than 100 billion yuan in manufacturing projects, with industrial investment maintaining a growth rate of about 20%, ranking seventh in the province in total.

Xpeng Motors' Zhaoqing vehicle base has been successfully put into operation, with its production capacity upgraded to 300,000 vehicles. Zhaoqing has become the third city in Guangdong with new energy vehicle projects.

CATL's Zhaoqing base has become CATL's first "zero-carbon" factory for energy storage batteries. A number of large energy storage projects such as Putilai, Beterui, and GCL have been launched one after another. The entire industrial chain has been initially established, with an output value of over 35 billion yuan. , is expected to exceed 50 billion yuan this year.



Zhaoqing's industry is developing rapidly.

Zhaoqing has become “the third city in Guangdong with

New energy vehicle project city".

Zhaoqing Xpeng Motors Intelligent Connected Technology Industrial Park Automated Production Line

Zhaoqing Xpeng Motors Intelligent Connected Technology Industrial Park Automated Production Line




What happened in Zhaoqing?

Zhaoqing’s “soil” has undergone tremendous changes for the better.

Zhaoqing is now a national demonstration city for the construction of a rule-of-law government. The level of digital government construction remains the "first echelon" in the province. The municipal administrative service center has become the benchmark government service center in the province. Starting a business can be done "online" and "completed in half a day." Government services The online processing rate of matters was 93.7%.


Zhaoqing people said:

"Just do your best"

It's really a bit full of pride.


Moreover, Zhaoqing has “one blueprint drawn to the end”.

Take a look at the statement of the Municipal Party Committee Secretary:


On October 9 2023 , the signing ceremony of the comprehensive cooperation agreement between the Zhaoqing Municipal People's Government and CATL was held. Zhang Aijun, Secretary of the Zhaoqing Municipal Party Committee, has set a tone: Zhaoqing will accelerate the creation of a 50 billion yuan power and energy storage battery industry cluster and strive to become an important growth pole of the energy storage industry in the Guangdong-Hong Kong-Macao Greater Bay Area. Zhaoqing will always provide high-quality and efficient service guarantees, fully support CATL in becoming bigger and stronger in Zhaoqing, and strive to achieve win-win development in the "two-way rush".

Comprehensive cooperation signing ceremony October 9 2023

Comprehensive cooperation signing ceremony October 9 2023



so,

Smart bosses vote with their banknotes:

From January to August this year, the number of actual market entities in Zhaoqing increased by 23%.


Now to answer this question:

Two Forbes billionaires

Why does the investment in Zhaoqing exceed 10 billion?


They like Zhaoqing because its business environment is relatively advanced in the fiercely competitive province of Guangdong, with cost-effectiveness, convenient transportation and first-class supporting facilities (one of the die-casting industry clusters).


Therefore, when you are indecisive about investing or investing in projects, please follow the richest man in Hong Kong, Zeng Yuqun, and the Forbes tycoon He Xiaopeng. They are most likely to be smarter, more visionary, and have more powerful think tanks than us. Is not it?


Zeng Yuqun and He Xiaopeng are bullish on Zhaoqing and long on Zhaoqing. At least the big guys in the new energy industry should take a closer look at Zhaoqing. This city is really not simple.

Zhaoqing night view

Zhaoqing night view


Two Forbes billionaires

Continue to invest in the city of Zhaoqing,

And it exceeds 10 billion, for only one reason:

They really made their money here.

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