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Chapter 837: Chapter 728: Convert Everything to Asia Dollars (Subscribe please!)_2
"Very good, not only in Huaxia, but also in Myanmar, Thailand, Vietnam, and Indonesia, we have impressive sales. It’s also due to your attractive designs. Now, the total daily sales volume in all countries has broken through twenty-five thousand units.
The next task is to stabilize this number and then find ways to make breakthroughs in other Third World country markets. Our production capacity has reached its limit, so I’m preparing to expand the scale of our factories,"
When this topic came up, Tang Kai was quite enthusiastic. As the most important industry besides the jewelry industry, the sales volume of electric cars was very invigorating for Tang Kai. This transformation had been successful.
Each electric car.
Because we have control over the production of batteries, tires, light alloys, and electric motors, all of which are major components of an electric car, with technology and production all in our hands, the total cost of other accessories is not even one-fifth of these.
One can imagine how high the profit margins for Tang Kai’s electric cars are.
The current domestic wholesale price for the first model of our electric car is RMB 2,100, with a retail price of around RMB 2,400, which is quite cost-effective and only a bit more expensive by over one hundred compared to the average electric car on the market.
But its functionality and stability are much higher than others in the same price bracket.
Those domestic factories got hold of this model of electric car to dismantle and take a look.
They felt relieved.
Because after their calculations, they were convinced that Tang Kai surely couldn’t be making much profit, and it was even possible that he was operating at a loss. Therefore, they were all preparing to witness Tang Kai’s misfortune, looking forward to seeing how he would wrap things up while continuously thinking him foolish.
But if they knew that the profit per car was several times theirs,
I wonder if they could still laugh.
This is the advantage of having control over almost all the technology up and down the supply chain and having a complete set of supply system services. Tang Kai’s take-home profit per car was nearly nine hundred yuan, with various factories under him accounting for over six hundred yuan.
The domestic assembly companies accounted for over two hundred yuan.
Very simple.
In the Myanmar Economic Zone, his company’s tax rate was low.
Whereas it’s relatively high domestically.
Naturally, Tang Kai was inclined to raise the prices for exports to Huaxia slightly, keeping more profit within the Myanmar Economic Zone. But he couldn’t keep all the profit there, as that would definitely not sit well with Huaxia.
So, eventually, a profit distribution ratio like this was settled upon.
And no one could find fault with it.
Because Huaxia did not know the level of Tang Kai’s company’s technology, nor were they aware of the costs.
This method of tax evasion could be said to be completely legal.
Even if Huaxia found out, no one could find fault with it, after all, it’s his company. If someone else sells their product a bit more expensively and earns a higher profit, Huaxia has no say in the matter.
Just as long as it’s not too excessive.
What concept is a profit of nine hundred yuan?
It means that Tang Kai can make more than twenty million RMB a day, truly making a fortune.
Liu Qian, hearing the sales data from Tang Kai’s mouth, was also filled with envy. He couldn’t match the speed of making money with his own industries. However, fortunately, he’d caught a ride on the bandwagon by investing in a Large Cable Factory in the Myanmar Economic Zone initially.
It has now officially started production.
Since Myanmar initiated a large-scale economic stimulus plan,
his products had been in constant short supply. The factory has already undergone two rounds of expansion, and although the profits of the cable factory are not as much as his real estate business for the time being, it has the advantage of stability and timely payments.
Managed by a unified bidding process by the Myanmar Bank Group.
Not only do all enterprises in the Myanmar Economic Zone use Myanmar Bank’s supply system, but even the internal enterprises of Myanmar also make timely payments because Myanmar Bank also controls the right to audit tens of billions of RMB.
Moreover, they can decide whether your company qualifies for Asia Dollar exchanges to retain the value of the currency.
So.
There’s basically no chance that enterprises will default on payments.
If there is a default,
Under the supply system of Myanmar Bank Group, Myanmar Bank can make an advance payment. Liu Qian thus enjoyed a privilege he could never have imagined before: as long as he conducted his business well, he didn’t have to worry about debtors.
This model of economic operation,
Made Liu Qian realize the power of ’order.’
"Tangtang, don’t you want to invest in Myanmar? Right now, it’s like Huaxia in the eighties, ripe for development, and there are plenty of opportunities to make money. I asked you to join me in the electric car business before, but you flatly refused,"
Tang Kai still couldn’t help trying to persuade Tang Qing to go there and make money.
But Tang Qing still shook his head.
"Forget it, I have too many enterprises under my management now; I’ll sort them out before considering anything else."
As for making money in his own territory, Tang Qing really couldn’t muster any interest; there was no challenge at all, and all of the core industries were in the hands of Myanmar Bank Group anyway.
What was he to do after going there, become an exception and attract attention?
That place was his rear base.
What he needed to do was to explore new markets, not to scramble for food in his own territory.
Tang Qing’s repeated rejection made Tang Kai wonder, probing indirectly, "Tangtang, are you worried about the situation over there in Myanmar, having any concerns?"
Tang Qing was taken aback, not expecting his uncle to worry about this issue. But it wasn’t hard to understand; since Tang Qing had connections in the Myanmar Economic Zone and yet never invested there, it was inevitable that Tang Kai would be suspicious.
He let out a resigned laugh.
"Uncle, don’t worry, the situation over there is very stable," Tang Qing reassured with a comforting smile.
"That’s good then. I’m just a bit concerned about the stability of the Asia Dollar’s value. Now, I haven’t exchanged the money I made from electric car sales in Myanmar into Asia Dollars, so as not to burden Myanmar Bank further. What do you think about this?" 𝓃𝓸𝓋𝓹𝓾𝓫.𝒸ℴ𝓶
