And help us establish a construction machinery and equipment R&D center within five years!" Yu Qingyang made a new request.

"Mr. Yu, you are an honest person and a very ambitious person!

Regarding technology disclosure and helping you establish a R&D center, I am sorry, this has exceeded the authorization given to me by the board of directors!"

"Mr. Lorenz, you must understand that we did not learn your technology in vain, we paid 30% of the shares!

And, if it is a patented technology, we will pay your company’s patent royalties in accordance with the rules!

Therefore, making the technology public, not setting up technical barriers, and helping us establish an R&D center are the prerequisites for our cooperation!

In other words, Mr. Lorenz, what kind of bargaining chips do you need to convince the board of directors?" Yu Qingyang insisted.

Cooperating with you is just for technology.

Like Komatsu, if you keep key technologies and produce them in Japan, but the bulky bodywork is produced domestically, then what's the point of cooperation?

Naturally, negotiations cannot be concluded in one go.

The first meeting reached a deadlock on technical disclosure.

Yu Qingyang was not anxious at all. After all, he wanted to learn other people's techniques.

In the next few days, Yu Qingyang visited the Swedish headquarters and production bases in Poland and France.

Yu Qingyang stayed in Sweden longer than expected.

In order to be able to talk directly to the board members, Yu Qingyang held a cocktail party through the embassy and invited several directors in Sweden to attend.

After a month of hard work, Volvo finally relented and agreed to release key technologies, for which Yu Qingyang paid 35% of the shares.

If you fall behind, you will be beaten. If you want to catch up with others in a short period of time, you will have to pay a high price for decades and hundreds of years of technology accumulation.

Yu Qingyang is very satisfied that for paying 35% of the shares, he can get a complete set of technologies for dozens of types of construction machinery such as Volvo excavators, forklifts, pavers, graders, etc.

His bottom line is 40 percent.

On behalf of Huaihai Investment, Yu Qingyang signed a memorandum of cooperation agreement with Volvo Group CEO Robert Lorenz in the presence of the Chinese Ambassador to Sweden and numerous media.

The formal cooperation agreement needs to be signed in Shanghai!

Because the Shanghai Municipal State-owned Assets Supervision and Administration Commission is another shareholder, the three parties need to sign an agreement.

Huaihai Investment once again resounded throughout the world and was well known to the majority of Chinese people.

The last time was the Ajigeria Cement Plant. Although some reporters went to cover it, the impact in the country was not great.

This time it was different. Yu Qingyang went directly to the CCTV News Network, although it only lasted a second or two.

However, Yu Qingyang still received many congratulatory calls from China.
Chapter completed!