Reaching the age of thirty, my income randomly doubled

Chapter 769: Chapter 576 Big Data_2

The bigger the scale, the bigger the headache.

Even Xiao Wenwen and Hu Tao came to ask her if Tengying Group was really about to move in.

Can the place they were living in now, Future City, truly be a long-term home?

Also, is Tengying Group as amazing as the teacher claims?

Is their boss really as socially responsible as he’s reputed to be?

Is he truly the best boss in Magic City?

Could her parents work for him? Are all his employees exceptionally happy?

So many questions. They didn’t really want answers; they were just chatting idly like the other classmates.

Once Tengying moves into Golden Mountain, it will certainly transform the employment landscape here, attracting countless job seekers.

Regardless of the outcome, Tengying Group’s impact will be far more than just boosting real estate prices—it’s poised to fuel a rapid economic surge across Golden Mountain.

That’s influence.

Chen An’an didn’t want to discuss Tengying Group with her classmates; after all, it’s her family’s business—they just didn’t know.

If they found out, wouldn’t that be incredibly awkward?

She was not like Er Piya, who drowned herself in spending money on outfits and pretending to be cute every day.

She didn’t like those antics.

Time passed steadily, and it was already late October.

After Chen Pingsheng completed a round of cashing out, comprehensive funding for Tengfei New Energy’s development in the first half of 2020 was basically secured. He even managed to take some time to conduct an on-site inspection.

Overall, Tengfei New Energy’s progress exceeded expectations, with this year’s goal of selling 100,000 units achieved just by mid-October.

This was thanks to both Tengfei New Energy’s commitment to quality and the rapid advancements in the overall new energy sector.

According to the current growth trajectory, Tengfei New Energy is projected to stop losing money by the end of 2022, or at the latest by 2024.

And transition to self-sufficiency.

While it may seem like a simple data point, it marked a monumental milestone for him and the entire new energy team.

Achieving self-sufficiency without reducing annual R&D expenses meant Tengfei New Energy was set for a true sales explosion in 2022 and 2023.

No longer would he need to pump 35 to 40 billion annually into Tengfei.

This milestone carried great symbolic significance for Tengying Group.

Keep in mind, since starting the new energy project in 2015, he had already invested a staggering 180 billion.

The investment included two of the largest domestic automated super factories, the world’s largest lithium iron phosphate battery plant, AI-assisted driving systems, and three-electric systems.

Over the past five years, these projects had achieved remarkable success, yet the company still lost around 40 billion annually.

Now, finally seeing the predicted end of losses—it was impossible not to feel elated.

Though it would take two or three more years at least, knowing there was an endpoint to the losses—even if it dragged into late 2023—he could rely on the massive stock investments he held to see it through.

That projected day would be immensely meaningful for Chen Pingsheng.

So far, no new energy firm in China had turned a profit.

If you didn’t lose tens or hundreds of billions a year, you couldn’t even make a ripple in this field.

Those who endured would reign supreme, while those who couldn’t survive would perish on the cusp of dawn.

High-level new energy conferences in China were becoming increasingly frequent. Some were even under the highest-tier national invitation.

A testament to how much focus the new energy vehicle industry was receiving.

Of course, as the market improved, major business tycoons started entering the race to make cars.

Lei Jun declared that his final entrepreneurial venture would be in new energy vehicles, staking his lifelong honor on it.

Xu Pidai announced unlimited investment, pledging 300 billion to car manufacturing—a decision unmatched in scale.

Even domestic tech giant Huawei revealed its entry into the new energy vehicle market.

The early entrants were a chaotic mix of players from all walks of life.

At this stage, however, newcomers needed hard-core strength to even consider entering the industry.

Looking at the current lineup, Tesla remained the undisputed leader.

Following them were Tengying and BYD in Peng City.

Both of them spent hundreds of billions annually on R&D but were still incurring losses.

Trailing behind were the internet-driven newcomer car brands, with each enduring over three years of hardship—any firm less than three years old wouldn’t even qualify for an adult’s table at the feast.

At the Tengying Group headquarters, Chen Pingsheng signed a series of presidential-level documents regarding resource allocation.

In just one month, they would all be moving to Golden Mountain’s Future City. He was already aware of the significant boost to property prices in the area.

The residential units he had built were all intended for employees and wouldn’t be sold at market price—they would be sold at internal staff pricing.

Internal staff pricing was basically cost price—ranging from 12,000 to 15,000 per square meter, nearly half the market rate.

Moreover, the group allowed employees to apply for interest-free loans, requiring only a 40% down payment, with the remaining 60% covered by the group’s no-interest loans.

Since the complete relocation would happen in no more than a month, the apartment units wouldn’t be listed externally for now. Tengying Community had already started selling internally to employees.

Only employees who had been with Tengying Group for over three years were given priority purchasing rights.

A home at half the market price, without interest—who wouldn’t jump at the chance?

Grabbing one was equivalent to having struck gold.

With so many enthusiastic applicants from various enterprises, that was precisely why he needed to sign the resource allocation documents at the top level.

Essentially determining how many units each subsidiary could receive and summarizing the total allocations.

These houses had an overall value of roughly 28 to 35 billion. Calculating at 40% down payments, he could collect between 11 and 14 billion within a month.

This wasn’t a few individuals pooling funds but a collective effort of tens of thousands of families.

For any employee who had worked at Tengying Group headquarters for over three years, their income wasn’t likely to be that low.

Pooling enough for a down payment shouldn’t be a problem.

The employees within the group were elated, having awaited these company-built apartments since the initial planning for the Golden Mountain headquarters.

Many had been patiently waiting to purchase a home once the headquarters housing was complete.

Now that the homes were finished, numerous employees had already visited them during holidays, and the grandeur rivaled any high-end residential complex in Magic City.

What’s more, the construction had been handled by China Construction Second Bureau, Magic City’s most reputable contractor, guaranteeing top-notch quality.

Let’s not forget those prime-view units, while the rest were priced at just 12,000 per square meter—a bargain impossible to imagine in the Great Demon City.

At this price, if there wasn’t an internal quota system and strict buyer qualification screening, the sales centers would have been completely overrun.

The news of Tengying Group’s internal housing program spread from the city center to Golden Mountain and beyond.

Especially once the employee pricing was revealed, the impact on surrounding real estate was like a bolt of lightning.

A premium residential complex selling for just 12,000?

“Is your company hiring? I’m willing to work for free for two years just to secure a spot as a homebuyer.”

From the start, Chen Pingsheng had stated that the entire area was meant for employees.

Within governmental urban planning, these were categorized as “talent introduction homes.” Sales of such homes significantly benefited Golden Mountain, especially its surrounding areas.

Talent attraction is something every region needs, often accompanied by numerous supportive policies.

Simply put, land for talent introduction homes is far cheaper than regular residential land.

Chen Pingsheng devoted over 20 billion out of pocket to build these houses and spent a fortune on top-tier interior décor.

At present, he wasn’t making a single cent off his employees—using a cost-sharing model and offering interest-free loans to ensure employees could own a home in Magic City at the lowest possible price.

The moment the group announced its highest-level resource allocation, the internal employees were buzzing with excitement.

Then Golden Mountain caught wind, followed by the entire Magic City, and eventually the news spread throughout the Chinese corporate world.

Even overseas media reported with immense interest.

Within hours, the housing program announcement dominated hot topics online.

This wasn’t selling houses—it was sharing construction costs with employees.

It didn’t even account for the hundreds of billions sunk into interest costs.

In Magic City, in the 21st century, when ultra-metropolitan housing prices were out of reach for most.

Offering 12,000 per square meter, with zero wasted space.

This was no mere affordable housing—it was truly dirt-cheap.

In an ultra-metropolitan city, even in the furthest outskirts, you wouldn’t find anything below 20,000 per square meter without wasted common area.