AutoBeta(AutoBeta.net)09/16 Report--

According to the latest news from Evergrande, Hengchi 5 finally came off the line at the Tianjin plant and started delivery in October.

Evergrande said in the announcement that it will speed up the research and development of other models and make every effort to build a national automobile brand with world-leading core technology and world-class product quality. According to the plan, Hengchi 6 will be offline at the end of this year and mass production in the first half of next year; Hengchi 7 will be offline in the first half of next year and mass production in the second half of next year, while speeding up the R & D progress of Hengchi 1 and Hengchi 3.

Hengchi, which is part of Evergrande New Energy vehicle Investment holding Group, officially announced the pre-price of Hengchi 5 on July 6. the new car only launched one model, and the pre-price of the deluxe version is 179000 yuan. Consumers can pay a deposit of 1000 yuan directly through Hengchi APP. At the pre-sale conference, Liu Yongzhao stressed many times that "Hengchi 5 is the best pure electric SUV within 300000". Liu Yongzhao said that Hengchi 5 uses parts from top manufacturers in the supply chain, including Bosch, mainland, Amboft, Ningde era and many other well-known supply chain enterprises have participated in the production process of Hengchi 5.

Hengchi announced at its first 720th Hengchi Festival on July 20 that the number of pre-sale orders for Hengchi 5 had reached 37000 as of around 18:04 that day. Liu Yongzhao, president of Hengchi New Energy Automobile Group, said that the big sale of Hengchi has become a foregone conclusion. However, there may be some moisture in Hengchi 5 over 37000 units orders. Evergrande property once held an internal meeting in July and issued Hengchi 5 sales assessment tasks, which were subdivided from each major region to each project. Specific sales assessment indicators will be determined according to the number of owners in the community. At present, consumers are still skeptical about Hengchi. As for how many Hengchi 5 units have been sold, how much the terminal market accounts for, and how many Evergrande owners account for, I am afraid only Hengchi knows inside!

According to the reporter's on-the-spot visit, the popularity of the Hengchi exhibition hall has improved, but it does not mean that many consumers are willing to pay the bill. A consumer told the reporter that he only heard that Evergrande built a car and came to take a look out of curiosity, but the sales did not introduce the basic situation of the model, and there was no desire to buy Hengchi 5. Another consumer also said that the exhibition car was not powered on, the screen was black, and did not feel where the intelligence of advertising was reflected. It is understood that at present, most of the Hengchi exhibition halls all over the country are trial-produced cars, which are still different from mass-produced cars in function.

Although the Hengchi 5 has been mass produced, the crisis of Evergrande has not been alleviated. Earlier, Interface News quoted people familiar with the matter as saying that Evergrande could be acquired by another car company. People familiar with the matter said that now all suppliers are not willing to cooperate with Evergrande, and now Evergrande has to pay full money first when it goes to talk to anyone. At present, whether Evergrande will be acquired or not is still an open question, but for Evergrande, there does not seem to be much room to move. Compared with the financial problem, what is more serious is the supply chain crisis after the credit bankruptcy.

Liu Yongzhao, president of Hengchi, responded that the company has been actively introducing strategic investors, and so far, both local governments and a number of powerful companies have expressed their intention to invest in Hengchi, and there is no such thing as a merger, according to the Securities Times. On September 16, there were rumors of mergers and acquisitions again in the market. in response to GAC GROUP's possible acquisition of Evergrande, GAC GROUP officially replied to Shell Finance: there is no such thing.

According to Evergrande's financial report, Evergrande's losses increased year by year in 2018, 2019 and 2020, at 1.429 billion yuan, 4.426 billion yuan and 7.394 billion yuan, respectively. Evergrande's full-year results were not released on time in 2021, but Evergrande lost 4.787 billion yuan in the first half of 2021. Since the founding of Evergrande Automobile, the cumulative loss has exceeded 17 billion yuan. However, according to the investment projects disclosed by Evergrande New Energy in the past, the cumulative investment has reached nearly 50 billion yuan.

At present, Evergrande's debt remains high. By the end of June 2021, its total debt had reached 1.97 trillion. In addition, it had more than 4000 billion yuan in debt payable, including commercial bills issued to suppliers, and Evergrande's total debt had reached 2.5 trillion yuan.

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