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On September 25, Evergrande New Energy Automobile Group announced its strategic cooperation with five automotive engineering enterprises on R & D and design, and signed a cooperation agreement. The price companies are FEV of Germany, EDAG of Germany, IAV of Germany, AVL of Austria and MAGNA of Canada (Magna). The agreement is to jointly develop 15 new energy models, covering a full range of products such as top, super-luxury, comfort, classic and so on.

Five foreign companies cover chassis, body-in-white, powertrain, electronics, vehicle integration, body interior and exterior decoration and other vehicle R & D business.

This time, Evergrande spent money on technology again. Not long ago, Evergrande New Energy Automobile Group released the brand "Hengchi Automobile".

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.

Evergrande Health issued a profit warning on August 10, 2019, saying that it expected a net loss of about 2 billion yuan in the first half of the year, mainly due to "the expansion of new energy vehicle business is in the early investment stage, research and development and other related expenses and interest expenses have increased."

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. Including the signing of a strategic cooperation agreement between Evergrande and the Guangzhou Municipal people's Government, the three major bases of Evergrande's new energy vehicle industry will be located in Nansha, with a total investment of 160 billion yuan, and the signing of a 120 billion investment agreement with the Shenyang Municipal people's Government, and so on.

In terms of causes, Evergrande bought a stake in NEVS at a price of about 6.4 billion yuan to become a major shareholder, and NEVS Guoneng 93 model was put off the line at the Tianjin factory in June this year. In the future, Evergrande will focus on the Hengchi brand.

Peng Jianjun, president of Evergrande Automobile Group, said that give full play to Evergrande's capital strength and adopt a "buy-and-buy" model to bring together world-class core technology.

Nowadays, the growth rate of China's new energy vehicle sales has declined significantly, and Evergrande New Energy is still in its infancy. In the rapidly changing market environment, can Evergrande still accommodate the new force of "spending money" to build cars in a few years' time?

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