Coin Tycoon Also Goes to Work - Chapter 294



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Episode 294

I sighed. Is that it?

‘check.’

I found it funny that someone as big as Elon Musk was keeping me in check. No, I was proud of it.

‘I guess I can say that I’ve made a lot of progress.’

In the past, I would have been embarrassed by the great words of Elon Musk.

Elon Musk is an innovative engineer and has been producing results to match.

But now I have my own identity that I can push forward without bending. The innovative Matthew Pomer. This will soon become the foundation that supports me.

‘It surpasses Tesla.’

* * *

As I said, they did a lot with the $100 billion. They were acquiring competitors, building huge factory complexes, and building chip and semiconductor factories.

And they invested heavily in other industrial groups, recruiting talent, and were busy buying up patents from companies that Mateka deemed necessary.

Han Tae-woon arrived in the United States this afternoon.

“Is it over just because they’re building a factory complex in Arizona? Just look at Tesla, there’s Giga Shanghai and Giga Berlin. They’re even expanding into India. Even if the Mateca factory they’re building in Arizona becomes the world’s best electric car factory, it’s going to be hard to overcome the difference in scale with Tesla.”

“Well, I’ve been thinking about that too. That’s why we’ve already been discussing it with India.”

“India is a good idea. But what about China?”

“China skips.”

“Well, even so, entering the Chinese market is essential. Why did Tesla survive and even crush the global car brands that were hitting rock bottom due to the semiconductor shortage? It was all done by China.”

“The Chinese market is finished. The media and Chinese politicians already hate Mate Alpha very much.”

Even though I did nothing, China was hell-bent on destroying Mate Alpha.

It would be more accurate to suggest that I have been taking an active negative stance since it was revealed that I am Vice President Todd Young’s son.

Of course I didn’t care.

They do not even use Chinese products, which account for more than half of the world’s products, and they do not even set foot in China.

“We will expand our factories in India and also build mateka factories in several developing countries.”

“How much of the $100 billion available for spending now?”

“There are still quite a few. However, we cannot build mateca factories in developing countries just because they can create jobs or generate efficiency.”

“why?”

“Building a production line that can achieve maximum efficiency with a minimum number of people over a large area is the efficiency that Mateka must have.”

“Yes, that’s the most maximal way you want it.”

“Depending on the country, there are countries or regions with strong unions, and there is room for unnecessary tariffs or cost increases depending on the concept of regional base production facilities. There are also countries with many unnecessary distribution processes for procuring raw materials.”

“Hmm. Now that I think about it, that’s true.”

Only then did Han Tae-woon smile.

“Because each of these is so large in scale, there must be a place in advance to receive significant preferential treatment, from selecting the factory site to verifying the benefits offered by the candidate region.”

“But I guess India has already made you such an offer?”

I smiled brightly.

“Of course. In these times of job shortages, it is very rare for a company to build a large factory. Other countries are also rushing to arrange meetings. However, realistically, the best place to build Mate Giga 2 is India.”

Originally, they wanted to pursue large-scale factory construction in several countries with $100 billion, but they felt limited.

They are sold as soon as they are produced, and the goal is to produce quickly thereafter. However, in some countries, this is difficult.

In addition, MateAlpha was moving to produce not only electric vehicles but also battery packs and solar panels for electric vehicles.

That’s why we’re building a solar power plant in Arizona in partnership with Ilhwa Group.

“Maybe if a good deal comes along, then maybe.”

“A good deal?”

“Because places like Ford and GM might sell their factories.”

“Hmm. That would be the most efficient. The automobile factory doesn’t need to be of a certain size, so once the production base is established, we just need to carry out the process in our own way.”

“If it comes out.”

I was curious about what kind of innovation the Arizona factory, which is being built on a massive 750,000-square-foot site, would bring.

* * *

A new factory was being built to produce battery cells, motors, and drive units.

Because the module infrastructure of Korean automobiles is so excellent, the number of process steps could be drastically reduced.

This was possible because Vice Chairman Jeong In-seok spared no effort to teach me various infrastructures, from the process to vehicle module production, as a token of his apology to me for a year.

Even though Elon Musk claimed to support Mate Alpha’s electric car production, he did not impart all the know-how. It seemed like he would impart something, but in the end, he was imparting only a few percent.

In other words, if you make bottled water, you are giving away one less step of purification.

Of course, that would be know-how, but considering my principle of thoroughly following the process from the beginning, it was something that could not tolerate even the slightest error.

“We need to buy more property in Arizona and Austin, Texas.”

“What do you plan to use it for?”

“We need to build a site and a factory that can produce powertrains and make better use of the existing Mate Giga.”

“The U.S. government will do its best to find out.”

It was convenient because the US government took care of everything without having to go to a real estate company.

We need to expand our production facilities in several more places. Of course, not only in the US but also in other countries besides India.

Locating production facilities in each region was a good way to overcome trade disputes and tariff barriers, and it also gained support from local people because it provided jobs.

However, depending on the degree of conflict, as in the case of the United States and China, one country may have to be chosen.

Of course, for me, having been betrayed by China, it was natural for me to choose the United States.

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“We need to increase Mateca’s annual production to 3 million units. Let’s take the step to supply electric vehicles at a level that cannot be compared with other manufacturers.”

While other internal combustion engine complete vehicles, including those from Toyota and Ford, are individual pieces, Mateca’s cars are intended to be implemented on a single platform, even if they are different models. That was the key.

Everything was going smoothly for Mate Ka and Mate Alpha, which were gradually increasing in size.

No matter where you built a factory, it was easy to do so with enormous tax benefits, loans, and land rentals.

The prevailing expectation was that the synergy effect would be enormous if it did not lead to a vicious cycle.

Completing a high-efficiency plant within two years would be an excellent example for Il Sung Group.

If you look at the stock prices of Il Sung Group, Ilhwa Group, and Hankook Motors, which are ranked 1st, 2nd, and 3rd among domestic stocks even in the current serious situation due to Mate Alpha,

The future was becoming more and more anticipated.

* * *

The Central Committee members elected at the Chinese Party Congress elected the Politburo members at the First Plenary Session, and as soon as the members of the Politburo Standing Committee, the highest leadership body, were confirmed among them, they met with the Standing Committee members and the Politburo members.

After the senior leadership had discussed the matter and came up with a plan, they continued their conversation with serious expressions.

“Mate Alpha recently announced in the United States that it will build Mate Giga in India and other developing countries. Shouldn’t China follow suit?”

“They have expelled all the key personnel of the Mate Group, which was running a large-scale mining operation in China. Is there any possibility that they can attract Mate Alpha?”

The new executive committee smiled broadly.

“Can any company ignore our Chinese market? If not, we need to make them cooperate.”

“How do you say that?”

“You are allowing entry into the Chinese market. Tesla is already in it, so why can’t Mate Alpha enter it? Anyway, the vaccine market is now divided into several new pharmaceutical companies, and Seo Jeong-in is Korean. What is the characteristic of Koreans? Aren’t they a group that will forget about it as time passes and say, “When was that?”?”

“Hmm. That makes sense. Let’s give it a try.”

The Commerce Committee sent a letter to Matthew Alpha.

And less than 30 minutes after waiting for a reply from the Mate Ka factory, I heard back from Mate Alpha.

“I refuse.”

“What? You’re sending me a rejection letter in less than 30 minutes??”

“That’s right.”

They forgot how tired they were and straightened their faces.

“Because he’s such a fucking bastard.”

“Is there really no way?”

“We are in a situation where we need to achieve some results.”

“But isn’t there no way?”

“Even though China says it will understand?”

Let’s not make the same mistake about Dr. Tsujingliang any more, so let’s reach an amicable agreement and move on, but even though special permission was granted in China, Mate Alpha refused it.

“The city mayor was looking at Seong-in quite positively. If he finds out that we provoked him with unnecessary words, there will be trouble.”

President Xi Jinping did not think badly of Seo Jeong-in. Nevertheless, it was the active efforts of the Chinese committee chairmen that led President Xi to oust Seo Jeong-in.

He presented thousands of reports claiming that the Chinese capital market was collapsing due to mining industry. He also mentioned Dr. Tsu Jingliang and lied to the chairman that his research results were stolen by Seo Jeong-in.

From the beginning, Korean companies were seen as a thorn in their side, so the majority of the opinion was to expel them, as they had nothing to gain from it. Seo Jeong-in went without saying.

However, given the ongoing war between Russia and Ukraine, the standoff with several European countries including the United States, and the trade freeze, there was hope for a demand boost from mate alfa.

But less than 30 minutes later, a rejection letter arrived.

Recently, the city mayor issued a correction order to Seo Jeong-in, saying that Mate Alpha must be brought to China.

But it ended up being a failure.

They gulped down water from their jugs, swallowing the curses rising in their throats.

“Another letter has arrived.”

“What is it?”

Others kept coming in. They hesitated and answered the questions of the senior members of the Standing Committee.

“I’ll say this again just in case: There will be absolutely no cooperation with China going forward.”

It was a bold statement. They felt as if their sleep had been completely erased.

* * *

“Mateka, patent for ultra-fast charging approved”

“Mateka is even offering an alternative to wireless charging”

“Chairman Seo Jeong-in’s special measures, which rose due to Biden’s strict Buy America policy. The possibility of the electric vehicle industry being turned upside down is increasing.”

“Mateka’s Cylindrical Battery Patent Division Established to Surpass Panasonic”

“There is even growing sentiment in the US to designate Mateca as the official US vehicle manufacturer.”

“Mateka charging speed has been dramatically increased. Fully charged in 30 minutes”

“Mate Alpha, capable of mass producing 5,000 batteries, further accelerates propulsion speed”

It was two hours after I got off work that the female vice president of Ilseong Group called me.

[The schedule for establishing plants in Arizona and Texas has been brought forward. We will see all the games played out within the next year.]

The market launch of Mateca was becoming more and more realistic.

After I politely declined the offer of a sixth meeting from the Chinese Standing Committee, the phone call from Vice Chairman Yeo Jae-yong was enough to make my heart pound.

“I can’t help but applaud Ilseong Group’s efforts to improve.”

And just 5 minutes later.

I got another call from Alex Morgan.

[Chairman Seo’s accumulated profits from short selling and put options have just surpassed $300 billion. The American financial company that Bin Salman’s side participated in as a major shareholder has declared surrender.]

“Morgan, let’s start taking profits.”

It was the moment when my total assets exceeded 700 billion dollars.

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