After the Divorce, I Could Hear the Voice of the Future-Chapter 350 - 347: The Mind is Filled with the Industry

"He has given so much for this industry..."

With the article, the footage of the underground parking garage was also uploaded to the internet, causing a public uproar.

"New energy? It sounds good, but in reality, it’s just electric cars, especially the mainstream lithium-ion batteries of the moment. Once they self-ignite, unless the chemical reaction ends, there’s no way to extinguish them; you can only watch them burn out."

"Scary. The dozen or so cars parked next to it were really unlucky. How will compensation be calculated afterward?"

"The homeowner of this building is even more unlucky. Thirteen structural columns were burnt for three whole hours by the fiery blaze. Will it affect the safety of the building? If so, who will provide the compensation afterward?"

"I’ve always said, you can’t get good stuff for cheap. You really can’t buy BYD; when buying a car, you have to look at the brand. Tesla doesn’t have these issues."

"Tesla doesn’t have problems? That’s laughable, is Tesla so special? If you just use Baidu to do a bit of research, you wouldn’t have such thoughts."

"The self-ignition rate of new energy vehicles is 0.44 per ten thousand, which are the official data given. The actual rate should be even higher."

"Is Lu Liang really taking the initiative to draw fire? Why do I feel it’s somewhat backfired? It seems like exposing the self-ignition of new energy vehicles has helped divert attention away from him."

"Do you think a video has a greater impact on him, or does the future of the entire industry have a greater impact on him?"

"Don’t just rant and rave online; it won’t have the slightest impact on him. But it’s different for the new energy industry. Lu Liang’s future development direction, as well as the investment direction of the funds, are all focused on new energy."

"Poor Liangzi, he has devoted so much to this industry."

Suddenly, someone posted a cancellation of their NIO ES8 order, decisively forfeiting a 3,000 Yuan deposit: "I might as well buy a BBA. That video made me shiver in this hot weather, sweating cold sweat. Trying new products too eagerly can easily turn one into cannon fodder."

Someone echoed the sentiment: "Even if the oil prices are a bit high, safety comes first. Let’s wait a few more years for new energy vehicles."

In one sentence, it triggered a craze of cancellations for new energy vehicles.

Weiliao, Weima, Tesla, and other car companies were none spared, each suffering dozens or even hundreds of cancellations.

BYD offers the fastest delivery for new energy brands, but it still takes two weeks, which also gives consumers the chance to change their minds. After all, they could simply forfeit the few thousand Yuan in deposits.

For a time, there was endless debate on the internet.

"A troubled autumn."

In the bright new study, Lu Liang sighed.

Suddenly, the mobile phone placed on the desk rang. Sun Yutao called: "Mr. Lu, shall we continue selling off?"

At the beginning of the month, before Lu Liang went to New York, he had instructed Sun Yutao that they could appropriately sell off private equity fund-held Tesla shares. freēwēbηovel.c૦m

They were quietly offloading daily, and after more than twenty days of effort, they reduced their ownership of Tesla from 6.58% to 5.08%, cashing out 1.585 billion US dollars— all while Tesla’s market value was still over a hundred billion.

New energy vehicle self-ignition incidents, leading to a large number of order cancellations, had also affected Tesla’s market value.

The market opened tonight with a -6.85% drop, and within a minute, the market value evaporated by 78.5 billion US dollars, dropping below the hundred billion threshold.

In his mind, Lu Liang’s image grew even more imposing, as if he had foreseen the calamity that the new energy industry would face.

"Stop the sell-off, hold your positions for now."

Lu Liang couldn’t help laughing and crying; everything was just a coincidence.

He was selling Tesla shares only to recapture capital, preparing to profit from the expected rise in US dollar interest rates next month.

Who would have known that during BYD’s unlocking period, while they were adjusting their positions, they would suddenly encounter a new energy vehicle self-ignition incident.

Lu Liang pondered for a moment and called Old Wang in Shenzhen to inquire about the latest progress of the case.

If it weren’t due to human cause or battery pack damage, then tomorrow the new energy sector would crash again.

Old Wang sighed: "Human sabotage can be ruled out, the specific situation is still under investigation."

"Mr. Lu, it’s been tough on you; this is really difficult for you."

He was very aware that if this matter weren’t handled properly, it would be a devastating blow to the entire industry.

Lu Liang stood up and tried to shift the focus with good intentions, which he appreciated. If it didn’t work, there was nothing that could be done about it.

"It’s all for the industry; I personally don’t mind," Lu Liang said with great righteousness, as if his heart held no personal considerations, only filled with the entire industry, all for the future of the industry.

"Mr. Lu, let’s leave it at that. If there are any updates on the case, I will inform you immediately."

Old Wang had a headache. BYD was the main character of the incident, and the World New Energy Vehicle Congress was about to be held.

They must quell public opinion as soon as possible.

"Okay, then you go ahead and take care of that."

The next morning at nine o’clock, Baiyun Street Police Station updated the case progress at the earliest opportunity.

It confirmed some of the online discourse, the fire was caused by the spontaneous combustion of a new energy vehicle, and ruled out human factors.

They also consulted building experts at the earliest opportunity, who indicated that it would not cause damage to the main structure of the residential building.

In the end, their investigation found that the main cause was unstable electric current, a short circuit occurred between the positive and negative poles of the battery pack, generating local high temperatures, which led to the combustion of flammable materials.

The police were only responsible for the case investigation and public safety; as for the subsequent compensation issues, they were beyond their jurisdiction.

Insiders revealed that for this incident, the property management company bore the main responsibility, followed by the car owner’s insurance company. Starting next month, the insurance premiums for new energy vehicles would likely increase significantly.

Some public parking lots quietly erected signs at their entrances, strictly prohibiting green-licensed cars from parking in their underground garages.

While some communities did not explicitly ban them, subsequent applications for charging stations were also rejected for various reasons.

The new energy vehicle combustion incident seemed to end satisfactorily, with every aspect handled appropriately.

However, the related news continued to ferment.

Directly reflected in today’s stock market.

BYD’s stock plummeted 8.55%, with several instances of being halted during trading.

Over a hundred new energy constituent stocks were not spared, with nearly all of them opening in the red. Only a few newly listed stocks, thanks to their exceptional status upon listing, dodged this severe plunge.

On Monday and Tuesday, those speculators and retail investors trapped by Lu Liang’s scheme were each seething with frustration.

They couldn’t bear to cut their losses.

Entering at a high point, with a four-day drop exceeding 20%, selling now would turn their paper loss into a realized loss.

To buy more shares felt risky since the event seemed far from over, and there might be further declines; to buy now might mean getting caught midway on a downward slope.

It wasn’t a big deal for them to lose money. Being in Big A meant unavoidably taking a few hits now and then, whether from one pitfall or another—it was all quite normal.

But what they couldn’t accept was that the new energy funds saw an average drop of 6%-9% yesterday.

As the instigator, Tianxing Fund saw only a 5.35% drop yesterday, becoming a benchmark in the industry with the smallest decline.

"This is the feeling of home~~ so comfortable~"

Thousands of Tianxing Fund’s investors were overjoyed, although they faced a likely 5-6% drop today, everything is relative.

While others were losing 7-8 points, their loss was only 5-6 points, which made them feel more at ease. Furthermore, having previously gained 50 points, regurgitating a dozen points or so was no big deal.

This bunch of troublemakers wasn’t content with just staying put; they went to various forums to mock and ridicule, thereby showcasing their foresight and presence.

Thus, a petition with tens of thousands of signatures sincerely inviting Lu Liang to launch a new phase of Public Fund shot back up the trending searches.

Ordinary people have limited investment channels, even middle-class families worth several million or tens of millions of US Dollars.

Apart from industrial investments, only funds, stocks, and government bonds are available for financial investment. But among the three, other than government bonds being more reliable, funds and stocks all eye the principal in their wallets.

Despite berating Lu Liang, they still wanted to experience the extraordinary treatment where their value increases more than the stock market and decreases less during downturns.

As for that, Lu Liang turned a deaf ear.

He summoned Zhang Jing to inquire, "How much working capital do we have in the Public Fund account?"

"Originally, there were 21.2 billion US Dollars in reserve funds, over these four days, an additional 45.1 billion were recovered, making the usable funds 66.3 billion US Dollars," Zhang Jing replied.

Since their total assets had risen to 435 billion US Dollars, the cash reserve ceiling of 20% had also increased from the original 60 billion to the current 87 billion US Dollars.

"Nearly there."

Lu Liang appeared thoughtful, suddenly rose to his feet, approached Zhang Jing, and patted his shoulder, "Mr. Zhang, you’ve been with me for two years now. How do you feel about handling the Public Fund from now on?"

The six-month period had elapsed, and he was ready to withdraw from the Public Fund and return to managing private investments.

To prevent a redemption wave triggered by his departure, he had specially prepared 70 billion US Dollars in cash for contingencies.

By the time he left, the new energy vehicle combustion incident should also have settled down. Developing new energy is a national policy, and being a national policy, it wouldn’t be easily changed.

The 70 billion in funds could then be used for bottom-fishing—it was a gift Lu Liang had prepared for his successor in the Public Fund.

Investors focus on data; they don’t really care who is managing specifically.

Just like last year when Lu Liang left the private investment sector; it was a big deal then with everyone wanting to protest and redeem.

But as soon as they saw that the profits remained stable, they instantly fell silent.