AutoBeta(AutoBeta.net)06/06 Report--

Although there are no mass production models on the market, Evergrande's every move is obviously more concerned by the market than other automakers. Evergrande announced today that Evergrande held a summer calibration test launch ceremony for five Hengchi models at Shanghai Songjiang Development Base today. According to media reports, Evergrande President Liu Yongzhao, Global Research Institute President Fang Chi, Global Battery Research Institute Director Li Junxiu, and leaders of China Automotive Technology Research Center and Shanghai Motor vehicle testing and Certification Technology Research Center attended the launching ceremony to witness another milestone in Evergrande's car building.

It is understood that this summer test will be carried out in Turpan, Xinjiang, where the average daytime temperature in summer is more than 40 ℃. Hengchi 1, Hengchi 3, Hengchi 5, Hengchi 6 and Hengchi 7 will carry out a series of limit tests here to fully verify the reliability and durability of Hengchi three electricity system, thermal management strategy, braking performance, battery performance, air conditioning system and internal and external parts. Complete the durability assessment, assembly performance assessment and calibration test of the whole vehicle system.

Earlier, Hengchi has carried out a series of tests on chassis driving dynamics, braking performance, steering performance, power performance and high-pressure architecture in Germany, Sweden and Austria. On February 3 this year, Evergrande launched the winter calibration test of Hengchi cars during the Inner Mongolia Yakeshi test season of PICC Research. Ten Hengchi cars were "trained" in extremely cold weather of minus 35 degrees. Evergrande shares rose sharply on February 4, ending the day up 13% at HK $52.5 per share, an all-time high. As a result, it is speculated that Evergrande's share price will rise again on June 7.

From the global release of the first phase of Hengchi 1-Hengchi 66 models, the start-up road run of Hengchi 1 and the exposure of interior decoration, to the trial production of Evergrande factories in Shanghai and Guangzhou, and the global release of the second phase of Hengchi 7-Hengchi 9 brand-new models. Then to Hengchi winter calibration test, nine models were simultaneously unveiled at the Shanghai Auto Show. With the launch of the summer calibration and testing ceremony of Hengchi, it means that the road to mass production of Evergrande has entered a countdown.

As one of the most influential Class An auto shows, the Shanghai Auto Show brings together international luxury brands such as BMW, Mercedes-Benz and Audi. Evergrande, located at booth A06 in Hall 7.0, was unveiled with the world's top auto brands. At the scene, Evergrande President Liu Yongzhao said that Hengchi will fully start trial production in the fourth quarter of this year and deliver in large quantities next year, while power batteries with higher specific energy, high safety, long life and super charging will also be mass produced in the second half of this year. According to the three grand goals of Evergrande car building clearly put forward by Xu Jiayin, chairman of Evergrande Group: Evergrande Automobile will become the largest and strongest new energy automobile group in the world, with annual production and sales of more than 1 million vehicles by 2025 and more than 5 million by 2035.

From the point of view of the rising sales, the new energy vehicle market is the trend of the times. Evergrande does have a certain degree of sincerity. According to the 2020 financial report of China Evergrande, Evergrande's interest-bearing debt decreased to 674 billion yuan in 2020 from 874.3 billion yuan at the end of March last year. Xu Jiayin reiterated the debt reduction target again on June 3. He also said that Evergrande's interest-bearing debt is expected to drop to less than 600 billion yuan by the end of June 2021. "on June 30 this year, Evergrande will achieve at least one red line to turn green." Even under such huge financial pressure, Evergrande still insists on building cars.

Of course, Evergrande plays more of the role of "integrator". Evergrande has no experience in car building, but thanks to its "banknote ability", Evergrande will soon be able to achieve the layout of its supply chain. However, as more and more technology companies gather to "build cars across the border", even Evergrande cars with strong "banknote ability" are actually very difficult, and whether Evergrande is willing to spend money on capital investment or diligent industry can only be verified by the market.

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