Why does Evergrande want to build cars? Perhaps many netizens will say that because global new energy vehicles have become a major trend in the future, coupled with the continuous decline of the real estate industry, Evergrande Group has to face the problem of transformation.
Netizens are still right, what is the current situation of the real estate industry, I believe it is needless to say, the more Evergrande steps on the line, the more difficult it is to raise financing, and even unable to raise funds. If Evergrande Automobile develops to a certain scale, then Evergrande will obtain new loans.
Evergrande's main business is real estate, with more than 140,000 employees worldwide, which is not small. How to look at the current new energy vehicle track is in line with evergrande group transformation road. Therefore, Xu Jiayin has long made up his mind to make Evergrande Automobile a global leader in new energy vehicles in the next 5 years.
Since entering the new energy vehicle market in 2019, Evergrande Automobile has completed the layout of the upstream and downstream industrial chain of automobiles such as technology, qualification, battery, sales and talents through large-scale "buying, buying and buying", and obtained core technologies in the fields of vehicle manufacturing, chassis architecture, powertrain, wheel hub motor, power battery and other fields.
Up to now, Evergrande Automobile has invested more than 50 billion yuan, but unfortunately, there is no vehicle off the production line.
But it doesn't matter, Xu Jiayin said before that Evergrande will realize the transformation from the real estate industry to the new energy automobile industry within 10 years. Such a strategic decision also means that in the future, Evergrande will focus on new energy vehicles and supplement it with real estate as the industrial pattern.
See here may have netizens will say that the new energy automobile industry competition is very fierce, not only to face the United States Tesla, but also with the domestic BYD, SAIC and new energy three fools.
Evergrande has crossed from real estate to car building, can Evergrande really do a good job in cars? For now, evergrande automobile and the mainstream car manufacturers in the market must have a gap. But we can't say that Evergrande doesn't have a chance to build a car.
Some netizens also said that Evergrande's grand strategic direction - its own production of motors and batteries is correct, because there is no middleman to earn the difference, you can squeeze the cost of the whole vehicle to the extreme. As for the final result, it depends on the effect of the actual implementation of Evergrande's strategy.
Evergrande Group will launch the first batch of electric vehicles in 2022 with the help of local governments, a year later than originally planned.
However, there is a sentence to say that China's new energy vehicle market is still in a stage of rapid growth, even if governments at all levels are still paving the way for the development of new energy vehicles and subsidies, but at present, new energy vehicle companies still do not see profiteers.
Last year, when Evergrande was still at its peak, evergrande automobile's market value was once speculated to 700 billion Hong Kong dollars, but now Evergrande automobile's market value has fallen to 27.5 billion Hong Kong dollars.
Market value is the expected value of future profits, and now evergrande automobile's market value is so low, which shows from the side that the capital market does not recognize Evergrande automobile to "stand out" among many players.
Xu Jiayin this person quite like to make dreams, before Evergrande played football, Xu Jiayin said that Evergrande football will take 5 years to win the AFC Champions League, and the result is that Evergrande football has done it.
Today, Xu Jiayin has shouted that Evergrande New Energy Vehicle will use 5 years to become the global leader of new energy vehicles in the future. Dear old iron, do you think Evergrande can do it?