Bab 1350: Chapter 645: Code Is the Most Valuable Asset_3

The foundational code in electronic software can greatly accelerate Yixing Company's speed in constructing a complete in-vehicle electronics system.

Secondly, Tesla will provide one billion dollars, in addition to 0.5% of the company's shares, in exchange for 0.5% of the shares in Yixing Unlimited Power Company.

Yixing Company is divided into Yixing Aerospace Technology and Yixing Unlimited Power.

The shares Tesla is exchanging are those of Yixing Unlimited Power, which is the automobile manufacturing company.

This part might sound like Tesla is at a disadvantage, but Musk is not one to lose out. He is well aware that the opportunity to exchange shares came from providing software codes to Tesla.

The main reason is that Yixing isn't a company one can invest in whenever they wish.

Even when publicly financing, the companies that can invest are mainly state-owned enterprises, with private companies playing a secondary role, and foreign enterprises are last in line.