My autobiography is definitely not a tragedy!
Chapter 502 - 330 Greater Insult_3

Chapter 502: Chapter 330 Greater Insult_3

"Ha~" Xiao Yu yawned lazily as she sat up in bed, then rubbed her eyes.

Her usual biological clock had woken her up early.

"Huh? Sister, you’re awake so early?"

Xiao Yu was surprised to find Lin Haitang, who usually would still be asleep at this time, now staring blankly by the window.

Her expression was a bit odd, now seeming to want to laugh, now frowning in worry...

"Yes! I couldn’t really sleep," Lin Haitang continued to gaze out the window, lost in thought.

"Oh... maybe it’s because you’re not used to the bed?" Xiao Yu did not suspect anything and began to get dressed.

However, as she passed by Lin Haitang, she suddenly exclaimed.

"Eh? Sister, what happened to your neck?"

"Ah? What?" Still distracted, Lin Haitang turned her head somewhat blankly, then subconsciously touched her neck...

Seemingly remembering something abruptly, Lin Haitang’s face suddenly reddened.

She frantically covered her neck with her hand, "Oh, it’s nothing, probably just a bug bite."

"Bug bite? Sister, hold on, I remember I brought Peace Ointment..."

Xiao Yu immediately started searching in her suitcase.

As soon as she found the Peace Ointment and was about to apply it to her sister, she noticed Lin Haitang was already dabbing foundation onto her neck with a compact powder...

"Uh... Sister, can this stuff also treat insect bites?" Xiao Yu asked, puzzled.

"Um... folk remedy..." Lin Haitang blushed, lying to Xiao Yu for the first time...

...

In Jiangsu and Zhejiang province, headquarters of Ai Dou Electric Vehicles Co., Ltd.

"What? Divestment? Have they gone mad, not even wanting the deposit?!"

Mr. Bao, who had been full of spirit not long ago, now sat there with his hair in disarray, his heavy bags under his eyes revealing his fatigue.

"Mr. Bao, since that announcement was made, not only have the investors been pulling out one after another, but our suppliers have also begun demanding payment, requesting shorter payment cycles..." the secretary said with a wry smile.

The trouble originated from a recent announcement.

The relevant department had just issued a regulation stating that new energy vehicles with a range of less than 150 kilometers would no longer receive subsidies...

With just one sentence, it almost passed a death sentence on Ai Dou.

Every family knows their own business.

What kind of company is Ai Dou Vehicles?

In 2015, the subsidy requirements for new energy vehicles were set at a range of 80 kilometers and a top speed of more than 80 kilometers per hour; that year’s models, Ai Dou D1 and D2, barely made the cut.

In 2016, the subsidy standards improved to more than 100 kilometers range, and that year’s new release, the Ai Dou D2S, also just managed to raise its top speed to 100 kilometers.

While other new energy companies were increasing their range to 300 kilometers or more, Ai Dou, in order to minimize costs and get subsidies, almost always developed their products right on the threshold.

Not too much, nor too little, getting the maximum subsidies by pinning right to the standards.

Although Ai Dou’s new energy vehicles seemed to be selling well, in reality, a large part of it was still a matter of selling to themselves.

New energy vehicle licenses purchased and rented out in the company’s name made up a large portion, mockingly referred to as "number-hogging tools."

Think about it, every car produced fetched nearly half its selling price in subsidies from the state; what a delightful fleece!

So rather than calling it a new energy vehicle company, it’s more accurate to say it was a speculator eyeing immediate benefits.

However, such topsy-turvy behavior had resulted in most of Ai Dou’s main products losing their subsidies this year due to not meeting the standards...

No one is a fool, and the sense of capital is particularly acute.

With the announcement, not only did Mr. Bao himself realize the game was up, but his partners each started to abandon ship amid the looming crisis.

What? Investment deposit?

Are you joking? Giving up might mean losing a deposit, but continuing the stiff-necked approach would be like adding oil to the fire?

If not pulling out now, then what, continue throwing money in just to hear it splash?

"It’s over..." Mr. Bao slumped in his office chair, his face ashen.

The history of development is like this: a wave comes, and those who can swim get lifted into the air, becoming the trendsetters of the age.

But when the tide goes out, then you can see clearly, who has been swimming naked...

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