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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)08/24 Report--
Evergrande is one of the richest companies in the power of new car building, constantly buying and taking land, throwing out a car-building road with a huge amount of money. Not only does Evergrande have money, but Evergrande is also ambitious, claiming to have an annual production capacity of 5 million electric cars within 10 years.
At Evergrande Health's 2019 interim results conference on August 23, Peng Jianjun, vice chairman of Evergrande Health and president of the Automotive Group, said that the auto industry does not have a certain scale, can not do small things, can not reduce costs. Evergrande Automobile Group plans a production capacity of 1 million vehicles in the first phase, and strives to reach an annual production capacity of 5 million vehicles within 10 years.
Peng Jianjun also said that this means that Evergrande will achieve large-scale procurement of raw materials, equipment and parts needed for production, achieve economies of scale, give full play to the advantage of centralized procurement, and enhance Evergrande's bargaining power.
Evergrande Health issued a profit warning on Aug. 10, saying that it expected a net loss of about 2 billion yuan in the first half of the year, mainly due to "the early investment stage of expanding the new energy vehicle business and the increase in R & D and other related expenses and interest expenses."
Evergrande also said that 14.07 billion yuan was invested in cars in the first half of 2019, with details for the purchase of equity, including NEVS, Koenigsegg, etc., which cost 870 million, as well as the expenditure on land for major automobile bases, and so on. It is estimated that the total group investment in the second half of the year will be 6 billion, so the annual group investment should be at the level of 20 billion.
Evergrande has made frequent moves since April this year, successively investing in Tianjin, Guangzhou, Zhengzhou and Nantong, with a total amount of about 2.1 billion yuan. At the same time, Evergrande has also laid out a series of new energy vehicle industry.
On June 11, Evergrande signed a strategic cooperation agreement with the Guangzhou Municipal people's Government that the three major bases of Evergrande's new energy vehicle industry will be located in Nansha, with a total investment of 160 billion yuan. In the future, Nansha base can produce 1 million vehicles, 1 million sets of electric motors and electric control systems, and build a power battery factory with 50GWH production scale.
On June 16, Evergrande signed a strategic cooperation agreement with the Shenyang Municipal people's Government, announcing that it would invest 120 billion yuan to build three major bases for new energy vehicles in Shenyang.
In Guangzhou and Shenyang alone, Evergrande's planned investment in new energy reached 280 billion yuan.
Not only that, Evergrande also invested heavily in the acquisition of a series of new energy supporting manufacturers, access to "vehicle R & D and manufacturing + three power core technology."
In January this year, Evergrande directly acquired a 51% stake in NEVS to become a major shareholder of the latter, at a price of about 6.4 billion yuan, obtaining the conditions for rapid car construction. NEVS (Guoneng Automobile) has factories in Sweden and Tianjin, mainly based on Sweden's SAAB Phoenix E platform and Saab technology to build pure electric vehicles. Subsequently, Evergrande formed a joint venture with Koeniger, in which Evergrande has a 65% stake and will use Koenigsag's technology patents and brands.
In January, Evergrande bought Japan's Kanai for nearly 1.06 billion to acquire ternary lithium-ion battery technology, and then won e-Traction of the Netherlands and Protean of the United Kingdom to acquire motor technology for commercial and passenger cars. It means that Evergrande should not only build cars, but also produce its own batteries and motors to complete the layout of the whole industry chain.
On June 29, the Evergrande New Energy Automobile Group, built by Xu Jiayin, ushered in the first mass-produced car, and Evergrande Guoneng 93 model came off the line at the Tianjin factory.
Both Xu Jiayin and Evergrande Annual report said: strive to become one of the largest and strongest new energy vehicle groups in the world in 3-5 years.
It can be expected that Evergrande will invest more money in the new energy industry. Now that there is a marked decline in the growth rate of new energy vehicles in China, Evergrande's real electric cars may be on the market within two years. Can Evergrande still accommodate this new car-building force in a rapidly changing market environment?
According to the data, in July, the production and sales of new energy vehicles completed 84000 and 80, 000 respectively, down 6.9% and 4.7% respectively over the same period last year. From January to July, the production and sales of new energy vehicles completed 701000 and 699000 respectively, up 39.1% and 40.9% respectively over the same period last year. With the withdrawal of subsidies, policy changes and intensified market competition, the sales of new energy vehicles have declined, and car companies have also entered the knockout stage ahead of time.
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