Investing in Electric Vehicles

When Luer reminisces about this day many years later, he wouldn't know what kind of emotion he had. He could only remember with certainty that his hands were shaking when he took the business card. It felt like he was not holding a gold-gilded business card, but a couple of tons of gold…

Jiang Chen demanded 80% shares. It was not an unreasonable request. Currently, Luer Auto Company didn't even have their own car plant. The only source of income was from the France Government's New Energy Vehicle Project Special Funding, and the only things worth money were the series of batteries along with the eleven patents and a few blueprints that could acquire more funding. Finally, there were the ten technical experts that Luer almost couldn't pay anymore.

100 million USD of equity infusion was nothing for Jiang Chen and nothing for the automakers with billions in market cap, but to Luer's company on the brink of bankruptcy, it was timely.