The Amazing son in law Chapter 6906

By that time, the annual goal for production will reach three million vehicles.

Initially, when the announcement was made to produce 1.5 million vehicles annually, many expressed skepticism about AnHomula’s level of confidence. The automotive sector operates differently from fast-moving consumer goods like beverages; it’s not common for individuals to replace their cars every few years. This means potential buyers are typically cautious and deliberate in their decision-making. Setting the production capacity at such a high level raises concerns—if the vehicles fail to meet market demand and sales fall flat, the financial losses could be staggering.

In those days, Hengtai Automobile had made substantial investments, with its founder aspiring to emerge as a leader in the new energy vehicle market, but ultimately, it met with failure.

Nonetheless, Charlie Wade remained confident in this objective.

There is no question regarding the financial backing of Bruce Automobile, especially with a leader like Hank at the helm, who possesses extensive knowledge about new energy vehicles. Moreover, the introduction of the AI model is anticipated to significantly enhance Bruce Automobile’s vehicle software. With both An Jia and Charlie Wade’s strong financial positions, it’s feasible for the company to operate at a loss initially, ensuring a swift and comprehensive rollout post-launch.

Additionally, Charlie Wade faces numerous formidable competitors abroad, such as Steve Rothschild. Should Bruce Automobile’s vehicles struggle to find a domestic market, he could consider distributing them internationally, potentially boosting export figures to the top of the national rankings, thus ensuring the brand’s continued success.

During this time, AnHomula stated: “We will introduce a minimum of five self-developed new energy vehicle models over the next five years;”

“Furthermore, we plan to establish a self-developed and self-produced power battery production line in Aurous Hill during the second phase, aiming for full self-sufficiency in power batteries within five years;”

This announcement ignited excitement among the audience.

Just moments before, AnHomula had mentioned an annual production target of 1.5 million vehicles within five years, and now, the goal of achieving complete self-sufficiency in power batteries within the same timeframe indicates that the new battery production line will also reach an impressive capacity of 1.5 million batteries annually. This is indeed a remarkable ambition.

Homula further added: “According to our five-year plan, we aim to create at least 50,000 new jobs in Aurous Hill over the next five years;”

“Additionally, I am excited to announce our supporting investment of an extra 2 billion US dollars to foster cooperation with major universities and vocational schools in Aurous Hill. This includes investments, donations, training, scholarships, the joint construction of laboratories, collaborative research on innovative technologies, and joint educational programs. We aim to ensure that at least 50% of the jobs created will be offered to students from our partner institutions;”

The media representatives present were left speechless by the sheer magnitude of this educational investment, amounting to 2 billion US dollars.

This funding differs significantly from investments in production lines, as it primarily supports educational institutions rather than just the company itself. Such generosity and boldness are quite rare in Aurous Hill and even more so across the nation.

Homula also expressed an ambitious vision: “With Bruce Automobile establishing its roots in Aurous Hill, we consider our growth intertwined with that of the city. Moving forward, Bruce Automobile aims to build a strong partnership with Aurous Hill, working collaboratively for mutual success and striving to expand beyond China to reach global markets alongside the city of Aurous Hill!”