TGood's Incubation of Teld : Riding China's EV Wave / Xiaoming Zheng.

Format:

Book

Author/Creator:

Zheng, Xiaoming, author.

Zhao, Ziqian, active 2023, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Personnel management--Case studies.

Personnel management.

Physical Description:

1 online resource

Place of Publication:

London : Tsinghua University School of Economics and Management, 2025.

Summary:

One of the largest EV (electric vehicle) charging network operators in China, Teld, was the second startup founded by Yu Dexiang. He established TGood in 2004 and had built it into a national leading manufacturer of box-type substations. As TGood had already achieved a 60% market share in this industry, and had limited capacity for further growth, Yu took advantage of his understanding of China's electricity systems gained from his work experience at state-owned Hebei Electric Power to build a new team to exploit opportunities in EVs. In 2014, he recruited a staff of scientists and invested heavily in building charging piles throughout the country. While the EV trend seemed definitive, the perfect timing of entrance into that field was elusive. The capital chain of Teld was almost broken in 2018 when the government implemented de-leveraging policies whereby the massive loans acquired to support national investments of charging-piles became overwhelming obligations to the then young company. But several years later, when charging piles were included in another round of the national program of China's infrastructure construction introduced in 2020, Teld's future became bright again. Its scientists and executives persisted through all these ups and downs even in the most difficult times when they faced three months of unpaid work. It struck Yu that managing a staff of scientists required something different in leadership than his original style at his first company, TGood. For example, he needed to persuade top scientists to get on board and to establish a bond of fraternity (or becoming bros) with them. The unique Chinese culture, or more specifically a traditional culture of Shandong Province, of "networking while drinking" helped Yu create a "melting pot" at Teld. On the other hand, since the support of local governments was necessary for Teld's mission to deploy charging piles across China, Teld entered into a number of joint ventures with government agencies. The next challenge was to gain better understanding of China's local governments and try to cooperate with them.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781071973097

1071973096

OCLC:

1483992701