AutoBeta(AutoBeta.net)11/25 Report--

Today, Evergrande Automobile entity Evergrande New Energy Automobile Investment holding Group Co., Ltd. has undergone industrial and commercial changes, and its registered capital has increased to 3.5 billion US dollars. The change is believed to have something to do with the placement announcement issued by Evergrande last week. Evergrande placed 900 million shares at HK $300 per share, and the proceeds were earmarked for the research, development and production of the group's new energy vehicles.

Affected by the news, Evergrande shares rose 12.61% today to close at HK $5, with a total market capitalization of 49.719 billion yuan, a multi-month high. Evergrande hit rock bottom on September 27, when its share price was HK $2.02. When the news came, netizens commented that it was "alive".

Ironically, Evergrande's stock in China Evergrande has a market capitalization of only 36.969 billion today. Today, Hong Kong's Hang Seng Index is also unkind to Xu's boss, China Evergrande, a company listed in Hong Kong, which has been excluded from the index.

"if a new group takes over the Guangzhou Club, let's see if this group will take a picture of the land," according to the financial media, the Financial Associated Press. If no one takes a picture of this piece of land, the city investment group will take a shot at the right to the use of this piece of land. "

At the special meeting on the resumption of work and production of Evergrande Group on October 25, Xu Jiayin, chairman of Evergrande Group, said that the transformation from real estate industry to new energy automobile industry would be realized within 10 years. And Evergrande President Liu Yongzhao has also revealed that Evergrande has launched a three-month battle to ensure that Hengchi's first car will be off the line at the beginning of the year. To this end, it has mobilized core R & D teams and technical elites from various places to Tianjin to support it to ensure the realization of Hengchi's production target.

Maybe Boss Xu had foreknowledge of everything, but his plan couldn't keep up with the change. In January 2019, Evergrande set a goal to become the world's largest new energy automobile group in three to five years. In September 2020, Evergrande Health changed its name to Evergrande Automobile, with a comprehensive bid for Tesla. This is regarded as the beginning of Evergrande's own awareness of its own industry and its transformation into an auto company. Xu Jiayin tried to use the way of buying and buying to quickly combine ready-made technology and enterprises, trying to launch Hengchi 1 to 7. It covers all levels from A to D and a full range of models such as cars, SUV, MPV, etc. The reality is very skinny, there is still more than a month to go before January 2019, and Hengchi's first car is in the midst of a battle. Evergrande has just completed the declaration of the Hengchi 5 LX, a compact all-electric SUV model, which means that off-the-shelf cars are on the market or are already on the agenda.

Evergrande may have been aware of the crisis. Houses are used to live, not to speculate in the economic environment, once the wealth of real estate tycoons have switched to new energy vehicles, in addition to the too big to fail Evergrande, and in 2015 tried to buy the real estate giant Vanke Baoneng.

Evergrande's financial report for the first half of the year shows that the company posted a net loss of 4.787 billion yuan (RMB, the same below) during the reporting period, compared with a loss of 2.274 billion yuan in the same period last year. The operating loss mainly came from the new energy vehicle division, which is in the stage of development and investment; its income was 6.923 billion yuan, compared with 4.51 billion yuan in the same period last year, including 6.886 billion yuan from health management and 37 million yuan from the new energy vehicle business.

Being in prison, hopeful or the current portrayal of real estate car builders, but what if they don't? Because only the mass of automobile companies can support their unfinished dreams, provide more money and solve more problems.

"this once again confirms that our forward-looking decision and route for the resolute transition to high-end manufacturing after five years of deep ploughing into the auto industry is very correct." Yao Zhenhua, chairman of the board, made the above summary in an internal letter from Baoneng Group obtained by Automotive Industry attention two days ago. Baoneng has total assets of 830 billion yuan and interest-bearing liabilities of less than 200 billion yuan. Baoneng cars, power batteries, linked cloud and financial sectors are not listed on the IPO, and their potential in the capital market has not yet been revealed.

In the first three quarters of this year, the output of new energy vehicles increased by 172.5% compared with the same period last year, with an average growth rate of more than 28% in the past two years. These kings all saw the prospect and cheered themselves up with the prospect. Some of them are already selling cars and some are still in the process of building cars, but it remains to be seen whether they can combine their prospects with themselves.

According to the current situation, it must be done, but we do not know whether it can be done well or how it will be done. We can only take it one step at a time. Employees of the above-mentioned auto companies respond to the auto industry's inquiries about progress in this way.

On November 22, Wang Jianlin also set up Wanda Automotive Technology Services Company with a small target of 100 million yuan. From the perspective of selling cars and technology services in the name, Wanda can't help but try the fascinating field of cars, but there are no plans to build cars.

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