AutoBeta(AutoBeta.net)03/11 Report--

Financial Associated Press on March 11, Evergrande New Energy vehicle project was implemented on March 2 at the intersection of Huanghai Road and Sunwu Road in Zhengzhou Airport Port District, which is expected to cover an area of more than 200 mu. The project laid the foundation in April and began construction in June. It will include Evergrande Assembly Plant and Lithium Battery Plant.

Before that, in June 2018, Evergrande Group bought 100 per cent of Hong Kong Shiying for HK $6.746 billion, indirectly acquiring a 45 per cent stake in Smart King, and Jia Yueting's Faraday Future happens to be a subsidiary of Smart King. Evergrande officially joined Faraday Future.

But just a few months later, the two sides broke up peacefully on December 31, 2018, over control and financial issues. After a peaceful breakup with Jia Yueting at the end of the year, at the beginning of January 15, 2019, Evergrande Health announced the acquisition of a 51% stake in NEVS for US $930 million and a majority of board seats. On January 24, Evergrande Health announced that it would buy a stake of 1.06 billion yuan in Shanghai Kanai New Energy Co., Ltd., a power battery company, with a 58% stake as the latter's largest shareholder. The two companies that Evergrande bought stakes in at the beginning of the year are companies in the field of new energy development, and it seems that Evergrande is ready to develop new energy vehicles on its own.

The future prospect of new energy vehicles is inestimable, and many bosses have made great efforts in this field. Who will share the cake and become a leader in this field in the future? let's wait and see.

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