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Evergrande will participate in the Shanghai Auto Show, sharing the stage with the luxury brand BMW.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)04/11 Report--

When the new power brands gradually enter the role, many new energy car companies will also participate in the auto show with traditional models to improve market competitiveness, such as the new forces represented by NIO have participated in the exhibition in the past two years. Little do you realize that cross-border enterprises that have entered the Bureau to build cars this year will also hold this year's auto show, which has once become the highlight of this year's auto show.

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Recently, it has been exposed by the media that Evergrande, which will be one of the "highlights" of cross-border car construction, will also hold an auto show with a total of 9 models. According to the exposed booth map of the Shanghai Auto Show, Evergrande will be located at booth A06 in Hall 7.1.

According to the exhibition hall, Evergrande has become one of the three largest brands in the region, not only on the same stage with many high-end brands of new power and new energy, but also in the luxury brand BMW.

Specifically, in booth A06 of Hall 7.1, in addition to the new power models of Lulai Automobile, Xiaopeng Automobile, BAIC high-end brand ARCFOX (extreme Fox) and traditional new energy car company BYD, there is also another major high-end Geely brand Lecker ZERO, and even Huawei brand, which undoubtedly reflects Evergrande's confidence in standard high-end brands.

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As we all know, Evergrande entered the automobile industry relatively late, and although it launched its products faster than more new power car companies, it has always been in the concept model, until now only Hengchi 1 and suspected Hengchi 3 models have been unveiled as experimental models. In this regard, Evergrande will collectively unveil nine models at the Shanghai Auto Show, which is doubtful in the eyes of netizens.

However, the fact that Evergrande has been able to make a collective debut of its nine models also shows that Evergrande has full confidence in the model launch plan, indicating that Evergrande attaches great importance to the follow-up layout.

According to Evergrande's previous plans, the layout is already very compact, including model release, testing, publicity, etc., and the Evergrande "Hengchi" series is expected to be mass produced in the second half of 2021. Evergrande's first model will be built on Evergrande's EM3 platform, a mid-to-high-end pure electric vehicle platform that can be built into four models, including SUV, Sedan (large sedan), MPV and SLV, with an annual output of 87000 vehicles, with the earliest model being mass-produced in August 2022, meaning the first model will go on sale at the end of next year, according to a newly released document.

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In addition, according to Sean, chairman of Evergrande, it plans to achieve annual production and sales of more than 1 million vehicles by 2025 and more than 5 million by 2035. In the specific market, Evergrande's share in the entry market is 43%, the mid-market is 37%, the middle and high-end market is 12%, and the high-end market is 8%.

At the 2020 annual results meeting, the standard models, pricing range and market share of Evergrande's nine models were also exposed. From the official information, Hengchi 1-Hengchi 9 pairs of target models are luxury cars, including Mercedes-Benz, BMW, Audi a, Tesla, Xilai and so on.

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It is worth mentioning that on April 10, several media reported that Evergrande had officially joined Daniel Kirchert, the former chief executive and co-founder of Baiteng, as executive vice president. Therefore, whether it is Evergrande automobile product plan, or the demand for people, Evergrande needs to promote the market layout as soon as possible.

Otherwise, Evergrande's high-profile entry will be questioned both inside and outside the industry. after all, if the brand layout models have not been seen for many years, the market value has soared, so that outsiders question whether Evergrande is capital investment or diligent industry. So all this can only be verified by time and the market.

Evergrande's share price has risen sharply over the past year, with a total market capitalization of 592.4 billion Hong Kong dollars (498.6 billion yuan) by the close of Hong Kong shares on April 9, surpassing BYD to become the number one manufacturer in China.

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