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The latest news was disclosed by the Shanghai United property Exchange a few days ago. according to the information, Evergrande Guoneng New Energy vehicle (Shanghai) Co., Ltd. sold 20% of its shares with a base price of 442 million yuan. The transferor is Shanghai Songjiang Economic and technological Development and Construction Group Co., Ltd.

According to public data, the earliest cooperation between Hengda and Shanghai Songjiang was in February 2018, when the Songjiang District Government of Shanghai signed an investment cooperation agreement with Guoneng Electric vehicle Sweden Co., Ltd. In May of the same year, Evergrande Guoneng New Energy vehicle (Shanghai) Co., Ltd. was officially established with a registered capital of 2.5 billion yuan, 80% owned by Tianjin Evergrande Guorui New Energy Technology Co., Ltd., and 20% held by Shanghai Songjiang Economic and technological Development and Construction Group Co., Ltd. Shanghai Songjiang Economic and technological Development and Construction Group Co., Ltd. is a local state-owned enterprise in Shanghai.

In fact, Evergrande Guoneng was founded because the cooperation between Evergrande and FF ended in failure in January this year. Evergrande Health, which is still unwilling to give up its dream of building a car, bought a 51% stake in Guoneng for $930 million (about 6.54 billion yuan), becoming the largest shareholder, Tianjin Guorui New Energy Technology Co., Ltd., which was later renamed Tianjin Evergrande Guorui New Energy Technology Co., Ltd. On November 1 this year, Shanghai Guoneng New Energy vehicle Co., Ltd. officially changed its name to Evergrande Guoneng New Energy vehicle (Shanghai) Co., Ltd.

According to the disclosure, Evergrande Guoneng New Energy vehicle (Shanghai) Co., Ltd. has no operating income in 2018, with a cumulative net profit loss of 25.67 million. As of October 31, 2019, revenue was still zero and net profit loss was 62.76 million.

For the Shanghai Songjiang Economic Development transfer of Hengda Neng Shanghai shares, it can be seen that it does not see the prospect of profit in the new energy vehicle industry. According to data from the China Automobile Association, new energy vehicles continued to decline in November, with production and sales of 110000 and 95000 vehicles respectively, down 36.9% and 43.7% respectively from the same period last year, which has declined for five consecutive months compared with the same period last year.

In addition, according to the property rights project statement published by the United property Rights Exchange, the target enterprise has one shareholder in addition to the transferor, that is, Tianjin Evergrande Guorui New Energy Technology Co., Ltd., which holds 80% of its shareholds. and the company said it would not give up the right of preemption, which means that Tianjin Evergrande Guorui New Energy Technology Co., Ltd. will be wholly owned.

Wholly-owned control may also be a good thing for Evergrande. After all, Xu Jiayin, who has great ambitions in the development of the new energy vehicle industry, revealed at the quarterly work conference in October that Evergrande's new energy vehicles will produce 1 million vehicles a year and will become the largest and most powerful new energy vehicle group in the world in three to five years.

On November 12, Xu Jiayin again said at the Evergrande New Energy vehicle Global Strategic Partnership Summit that Evergrande will invest 20 billion yuan, 15 billion, 10 billion yuan respectively in the next three years, with a cumulative investment of 45 billion yuan. And the vehicle base plans to produce more than 1 million vehicles a year in 3 years and more than 5 million vehicles in 10-15 years. As of this year, Evergrande has spent more than 10.3 billion yuan on new energy vehicles.

If we say that Evergrande is wholly owned, or that Evergrande is "rich and wayward" and can play as much as it wants, Shanghai Songjiang Jingkai has chosen to get out of it. After all, Evergrande's goal seems to be a little too ambitious. New energy new cars were sold only 947000 units in the first 10 months of this year.

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