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According to domestic media reports, Huatai Automobile and R & F Group officially announced that they have reached a strategic cooperation, and the two sides will work together to develop new energy leaders in the future. R & F also wants to take a stake in Huatai Automobile to jointly develop the field of new energy vehicles. As for R & F's shareholding information and some details after the cooperation, it has not yet been released. R & F Group has also become another real estate company to enter the automobile industry after Huaxia Happiness, Baoneng and Evergrande.

It is understood that on the basis of Huatai Automobile's original production qualifications and industry, the two sides will integrate strength and resources, power electrification, intelligent network cascading self-driving technology and other fields. And apply new materials, new technologies and new processes in the whole process of development and manufacturing, comprehensively upgrade existing products, and develop domestic and overseas markets at the same time.

With this strategic cooperation, Huatai Automobile will be supported by more capital and resources, and R & F will be able to expand its business to the automobile industry. This strategic cooperation can undoubtedly promote the transformation and upgrading of both sides.

Huatai Motor was founded in 2000. In the early days of its establishment, through cooperation with Hyundai, South Korea, it introduced a number of classic models such as Santa Fe and Traka and successfully entered the automobile market. With the end of the cooperation between the two sides, Huatai Motors based on the acquisition of the Santa Fe platform, embarked on the road of independent research and development. In 2018, Huatai sold 120700 cars.

At present, Huatai Automobile covers traditional and new energy passenger vehicles, commercial vehicles, core components and auto financial services, with product lines including SUV, passenger cars, cars and powertrain. At the same time, Huatai Automobile has formed a global R & D layout in Beijing, Tianjin, Shanghai and Munich, Germany, with production bases in Tianjin, Weihai Rongcheng in Shandong Province and Ordos in Inner Mongolia.

Founded in 1994, R & F Group is one of the most powerful and influential real estate enterprises in China. Listed in Hong Kong in 2005, R & F Group is the first mainland real estate enterprise to be included in the Hang Seng China Enterprises Index, with total assets exceeding 360 billion yuan and sales of more than 130 billion yuan in 2018. Is a Guangzhou-based real estate development as the main business At the same time, it is a comprehensive group with diversified development in the fields of hotel development, business operation, sports tourism, Internet industry and trade, medical care and health, property services, design and construction and innovative service platform.

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Span.s1 {font-kerning: none} whether R & F Group's investment in new energy vehicles can also be regarded as a real estate enterprise, another weather vane of collective planning and transformation, under the circumstances that the automobile market is slightly sluggish, it is obviously too early to say that China's automobile industry has entered a turning point. So much capital favors the automobile industry, it can only be said that the prospect of China's automobile industry is still very good.

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