309 Chapter 303 (1/2)

Of course, Morgan was reading the trend of the car industry accurately. The day would come when the cars powered by gasoline and diesel would gradually disappear from roads while electric cars filled every road.

But that day would come in the distant future. Morgan expected it would take at least ten years for electric cars to be compet.i.tive with gasoline-powered cars.

The main reason was the capacity of batteries. Unless innovative batteries were produced, electric cars could not catch up with the demands of gasoline-powered cars.

Morgan also purchased a Paekdu model. And he had his research team dissect it thoroughly and test its performance.

The result was surprising. The triangle-shaped motor, 5cm thick and 30cm in diameter, was capable of producing 400 horse-power.

Morgan felt as if he freaked out at the terrific performance of Paekdu.

I'm in big trouble now. There is no place for gasoline and diesel to sustain any more.

He felt he needed everything related to the car fuel, regardless of Super Green.

In particular, Morgan Energy was a big problem. He'd spent 60 billion dollars in taking over STM by mobilizing all kinds of financial methods. If he didn't do anything about the investment, he might end up being the world's poorest guy riddled with debts.

Morgan Energy was put on the market priced for a quick sale. It was less than he purchased it from Hyunwoo.

Originally, it was Morgan's typical methods that he purchased a company at a bargain and resold it at an expensive price. As he paid $60 billion for STM takeover, he listed it for sale at the same price.

But the market reaction was cold. There were only a few who could invest such an astronomical amount of money, but they read the future of the car market well.

Everybody snorted at the sale of Morgan Energy.

”Does he think I'm a fool? As Hyunwoo succeeded in developing Paekdu, the era of gasoline-powered cars is over.”

”Morgan, you made money by having acted so mean. Now it's the end of his selfish business. He reaped as he sowed.”

”Such a bad company and its owner should disappear from this world.”

n.o.body contacted Morgan with respect to Morgan Energy.

Morgan now began to feel scared because the stock prices of Morgan Energy started to plummet.

Now Morgan decided to put Morgan Energy up for sale at a bargain.

”I'm going to sell it for $40 billion.”

But n.o.body responded to such an offer.

Those who had Morgan Energy stocks were all anxious to sell their stock as soon as possible.

He felt somebody was squeezing his windpipe. As a son of an ordinary plumber, he went through all kinds of crises, but this kind of severe crisis he had never experienced.

He had to overcome it, though. Just like he had so far, he had to make a comeback by turning this crisis into an opportunity.

Morgan Energy would not collapse overnight. Hyunwoo's electric cars were just on the start line.The absolute majority of cars around the world were still powered by gasoline.

It would take at least four years for electric cars to replace gasoline-powered cars.

Super Green would generate profits for Morgan during that period.

Morgan had enough time to change the game.

Morgan clenched his fist and mumbled, ”'I can't collapse like this. I can revive my company.”

And he found out one method.

Find authorized novels in Webnovel，faster updates, better experience，Please click for visiting.

Morgan paid attention to the Toughtex engine, which was the core of the Paekdu Project. The core of the project was Toughtex.

And he already had the production technique of Toughtex. If Hyunwoo made the engine, Morgan thought he could do the same.

I can develop a Toughtex engine.

Even though Hyunwoo registered all the patents on the Toughtex engine, Morgan thought that he could develop a new type of Toughtex engine once he discovered its core working principle.

Morgan called an executives' meeting immediately and directed them to develop a Toughtex engine.

”This is a matter of life and death to us. All of you should be firmly determined to develop a new type of Toughtex by all means.”

***

”Wow!”

Duyoung raised his hands and shouted for joy.

Those around him including Hyunwoo congratulated him.

”Congratulations, dad.”

”Oh my G.o.d, you're a n.o.bel prize winner! You've become the pride of our country.”

”Thanks, everybody. All thanks to you!”

Duyoung owed his n.o.bel Prize in chemistry to others.

To commemorate his father's winning n.o.bel Prize, Hyunwoo paid a bonus to all the employees of his companies.