Name change
Evergrande finally took off the mask of "health" and revealed the original face of "car-making".
July 27, Evergrande Health (0708.HK) announced that its company name was changed from "Evergrande Health" to "Evergrande Automobile", which marks that the main business of Evergrande Health has been changed to new energy automobile, and also marks that Evergrande's car manufacturing has been officially "on line".
In fact, at present, the main business of Evergrande Auto has covered the whole new energy automobile industry chain of power battery, power assembly, vehicle manufacturing, auto sales and intelligent charging.
Evergrande didn't learn from Nippon Life and Samsung Health from Japan and South Korea, allowing Evergrande Health to take care of its main business before it wanted to get involved in car-making. That's right, Mr. Hui Ka Yan only wants to build cars.
By all accounts, Evergrande Health is a comprehensive large-scale health industry group under the Evergrande Group that takes the development and construction of the Health and Wellness Valley project as a carrier and the membership system as a service model, providing services such as multi-level hierarchical medical care, all-age health care, high-precision health management, and diversified pension. The most typical existence is the Evergrande - Health Valley that is now under construction in mainstream cities across the country.
But in the case that the Wellness Valley can only be paired with Evergrande Real Estate, it is obvious that the development idea cannot keep up with Mr. Xu Jiayin's rhythm. If the Evergrande-Health Valley and other businesses are subsequently placed in the Evergrande real estate section, then Evergrande can go all out in building cars.
Despite 2019, Evergrande Health net loss of 4.95 billion yuan, of which 3.31 billion yuan loss of Evergrande new energy automobile business, it can be said that the automobile business "dragged down" the overall performance of Evergrande Health. However, we all know that the car is a "high wall, wide grain" thing. Evergrande Health to make way for Evergrande Auto, but also in line with the development trend.
And Mr. Xu Jiayin has done a good job of "building a high wall and accumulating grain".
Face and heart
In "The Grandmaster," Zhao Benshan's Ding Lianshan said, "In a family, someone has to be the face and someone has to be the heart.
For Mr. Xu Jiayin, Evergrande's car-making business is all about face and face is all about technology.
The earliest start of Evergrande's car manufacturing was to approach Jia Yueting's FF, which has become well known. Later, after the failure, Evergrande first received NEVS, and then shares in Guanghui Group, after the owner of Japan Carnival, hand in hand Koenigsegg, the acquisition of the Netherlands e-Traction and the United Kingdom Protean and a series of actions, has become the existing new energy technology deposits.
The inside is there, the face is not lost.
October 2019, "Evergrande New Energy Vehicle Styling Design Expert Committee" was formally established, Mr. Xu Jiayin served as the director of the committee, and selected the world's top design masters *** counting 15, all of which are Mercedes-Benz, BMW, Volkswagen, Audi, Alfa Romeo, Jaguar and other global top brands used to be designers.
What rich people do is reliable.
So now, looking back, when it was claimed to benchmark Tesla, is it really that unreliable?
It is reported that Evergrande is synchronizing the research and development of 15 cars, and the target 3-5 years of planning total production capacity of 1 million vehicles / year. Such a scale and base, not only is now the new car-making forces are red in the eyes, and a dump when nearly bankrupt Tesla. According to multiple sources, Evergrande's first new car "Hengchi 1" will be unveiled this year despite repeated delays.
Let's not forget that despite repeated rumors this year that many new car-making forces and second-tier car companies are on the verge of bankruptcy, Tesla, on the other hand, has already surpassed Toyota in terms of market value, and Azure has been able to obtain tens of billions of dollars in support and tens of billions of dollars in credit, while Ideal and Xiaopeng are planning to issue an IPO.
We can see that the market's reaction can also be seen, the new energy market will continue to flourish. thrive.
Evergrande is a little late to the party, but the whole scale and expansion speed is faster.
Face and lining are ready, Evergrande builds a car now officially renamed, is also considered the final preparation for maturity.
Just waiting to land
Evergrande Health changed its name to Evergrande Auto, and its stock rose in response.
Knowing that Evergrande Health has risen nearly 170 percent in a month and 253 percent so far this year. Now officially renamed Evergrande Automobile, the consumer market has basically confirmed that the "Hengch" will soon come out of the wind. But for Evergrande, the current market value of more than 240 billion Hong Kong dollars does not reflect the ambition of Evergrande and Mr. Xu Jiayin. A ready-made car is not even yet on the market value of more than 200 billion, once the landing, trillion market capitalization scale is just around the corner.
Furthermore, at present, no one is successful in cross-border car-making. Even the best-performing Baoneng, perhaps now glance at Evergrande is also full of envy.
July 14, the relevant reporter query enterprise search found that Evergrande Hengchi new energy automobile science and technology (guangdong) limited company was established on July 10, the registered capital of 500 million yuan, evergrande new energy automobile investment holding group limited company for the wholly-owned major shareholders. The business scope includes new energy automobile related technology research, technology development services.
Previously, Evergrande has denied all the photos, virtual diagrams and declaration diagrams about Hengchi 1 circulating on the Internet. Then Evergrande Auto has been renamed, Hengchi New Energy Vehicle Company has also been unveiled, just missing Hengchi 1 real car unveiled.
Just wait for the landing, we will know Mr. Xu Jiayin's dream of building a car, what it really looks like.
This article comes from the authors of Auto Home Car, and does not represent the viewpoint position of Auto Home.