Becoming a Russian Oligarch After Rebirth
Chapter 1363 - 1081 Economic and Ministry of Foreign Affairs Both Flourish_2

Chapter 1363: Chapter 1081 Economic and Ministry of Foreign Affairs Both Flourish_2

"If domestically produced, perhaps no one would want to buy them anymore..."

"In recent years, China’s automobile sales market has experienced explosive growth, becoming the largest automobile market globally. Thanks to Wang Ye’s proactive deployment, Russian Auto Group has also caught this wave of benefits, seizing a significant share of the market!"

"Initially, when Wang Ye spent twenty to thirty billion US dollars to acquire three major car brands, Volvo and Jaguar Land Rover, many people ridiculed him for being a big fool."

"Because many believed that these three brands were essentially doomed, and reviving them would require not just the acquisition costs but substantial additional investment."

"Otherwise, these three brands wouldn’t have changed hands so many times over the years, and even those powerful century-old car companies couldn’t revive these three brands. What made you think a newly established company in Russia could do it!"

"But Wang Ye did it. He moved the main production bases of these three brands from high labor cost areas in Western Europe to low-cost Eastern Europe and mainland China, significantly reducing production costs while improving the quality of the vehicles."

"Through various promotional means, and even administrative orders, these three brands became well-known and gradually accepted by consumers in Eastern Europe and China."

"Then their reputation spread back to the European and North American markets, building a strong reputation step by step."

"Now, the Russian Auto Group has become one of the giants in the global automobile industry."

"In 2006, it sold over a million vehicles!"

"Don’t think that this number is not high. At the same time, automobile giants like Mercedes-Benz BMW only sold just over a million units a year."

"Although supercar enterprises like Toyota, General Motors, Volkswagen, and Futian can reach sales of over five million, their brand positioning is lower, and their vehicle prices are more affordable, incomparable to Volvo."

"So, Russian Auto Group’s positioning is more like luxury car brands such as Mercedes-Benz BMW."

"Selling over a million units is quite impressive."

"Based on this sales volume, Russian Auto Group’s revenue in 2006 also reached a staggering over sixty billion US dollars..."

"Even though it hasn’t gone public, the company’s market value is estimated to be over a hundred billion dollars, a giant indeed."

"It can be said that Wang Ye’s investment has greatly exceeded everyone’s expectations."

"..."

"As for the China-Russia large aircraft cooperation project, it has begun to take shape, and the large aircraft manufacturing project in Siberia has been restarted. Additionally, a production base has been established in mainland China, with test flights scheduled for next year, and production is expected to commence around 2009."

"This large aircraft cooperation project is not yet at its full potential; after all, the aircraft hasn’t been developed yet, so it will take another two years to see the results."

"But one thing Wang Ye is sure of is that with adequate financial support and the Russians’ technological prowess, developing a qualified large passenger aircraft is not a difficult task."

"Otherwise, there wouldn’t have been the appearance of the super transporter AN-225."

"Keep in mind, like this super transporter, no other country will develop such for the next twenty years; there remains only this model."

"Once the large aircraft officially starts production, coupled with the vast demand in the Chinese market, the order amount will be somewhat frightening..."

"So, this is also a significant point for economic growth, and the results won’t take too long to manifest."

"..."

"In August, Wang Ye also took the time to lead a team and visit Japan and South Korea."

"The primary purpose was to discuss business cooperation."

"After all, there are many major corporations in Japan and South Korea, and since they are geographically close, but perhaps due to historical reasons, the investment by these two countries in Russia is not significant."

"Japanese brands like Toyota sell well in Russia, but don’t have factories here; furthermore, Honda has barely entered the Russian market."

"Korean businesses are a bit better. Last time, Samsung took the initiative to visit and meet with Wang Ye to discuss cooperation matters."

Only this time they didn’t show much sincerity, and in the end, no significant results came out of the discussions.

However, it did allow Li Fuzhen to connect with Wang Ye, which laid the groundwork for the future internal strife of the Samsung Group.

Therefore, Wang Ye thought about taking the initiative to have face-to-face communications with those major enterprises in Japan and Korea, to pull some investments back.

For a high-ranking figure like Wang Ye to personally host a promotion conference, it obviously had considerable attraction to those big companies, as the promises Wang Ye made at the promotion conference were, more often than not, fulfilled.

After all, at his level, keeping his word is very basic; it wouldn’t be possible for him to contradict himself and destroy his political reputation.

Therefore, the trip to Japan and Korea was quite fruitful, especially in the automobile industry, including companies like Toyota, Honda, Mazda, and Hyundai, all expressed their intentions to establish their own production bases in Russia.

Of course, the cars produced in Russia are not only aimed at the local market but can also be exported throughout Europe.

Previously, Russia lacked the corresponding industrial chain, so everyone hesitated, but now not only is there a complete supporting industrial chain but European car enterprises have already been rushing over to invest and build factories, so the Japanese and Korean car enterprises naturally do not want to fall behind.

During his visit to South Korea, Li Fuzhen also found an opportunity to sneak into the hotel where Wang Ye was staying and stayed up all night "reporting on work"...

Besides economic affairs, Wang Ye also made great efforts in diplomacy.

He now also serves as the director of the National Foreign Affairs Committee, so he also has significant influence in foreign relations, and through the Collective Security Organization and economic cooperation organizations, he has tied the surrounding brother nations to Russia’s war chariot.

Although Russia itself is not very wealthy, compared to the surrounding poorer brother nations, it seems quite wealthy.

Just the economic aid of tens of billions of US dollars a year promised by Wang Ye is enough to make everyone salivate, as it is real gold and silver cash support without any strings attached—who wouldn’t want it!

Of course, there are no explicit conditions, but Wang Ye is not a fool; he wouldn’t just give money to other countries for free.

After all, this money is squeezed out by issuing national debt, which he plans to get rid of later.

Thus, under Wang Ye’s advocacy, including Russia, Ukraine, Belarus, several Stan countries, everyone signed a series of reciprocal agreements, opening up various markets, and the vast majority of goods are duty-free.

It seems that everyone is equal, but in fact, Russia has a significant advantage in this regard.

After all, Russia still has a relatively complete industrial system, with sectors like the automobile, electromechanical products, internet, and infrastructure construction doing quite well.

In light industry, food processing is also not bad, and while other products like clothing and merchandise are not so great, don’t forget that Moscow has the largest wholesale and distribution market in Eastern Europe.

Even acting as a "middle dealer," it can attract many foreign manufacturers to set up companies and offices.

Compared with other surrounding countries, Moscow has much more appeal.

Thus, by doing this, Wang Ye effectively reorganized the Eastern European countries economically, somewhat reminiscent of the Former Soviet Era.

Of course, politically, everyone minds their own business and does not interfere with each other.

This approach also makes it easier for everyone to accept, frankly, Wang Ye didn’t plan on going back to the ways of the Former Soviet—honestly, with the surrounding poor brothers, what would be the point of taking them back?

To support poverty alleviation...

It is enough that economically everyone helps each other, and this also forms a sufficiently large market; the economy may not be developed, but the population is not small, and there is a certain consumption capacity, so it’s beneficial for attracting foreign investments.

The increasing number of foreign companies in Moscow in recent years is the best proof.

Because for those foreign businesses wanting to develop the Eastern European Market, the best foothold is naturally Moscow, with no other alternatives.

Although this period has been very busy, Wang Ye feels fulfilled, as the many years of effort have finally paid off, which can be described as flourishing in both economic and diplomatic arenas.