Although Evergrande Automobile has not built a car, but it already has three factories in Tianjin, Guangzhou Nansha and Shanghai, but the only one that can really produce cars is the Tianjin factory, which thought that Evergrande, which had a debt crisis, would give up building cars, and what people did not expect was that the first model of Evergrande Automobile, Hengchi 5, was actually off the production line in Tianjin these days...
Judging from the pictures exposed on the Internet, the model of this off-line is the debug car of Hengchi 5, the so-called debugging car is that the production line is still in a run-in state, these off-line cars are used for trial production, and the debugging car can not be put on the market, but according to the normal beat in a few months, Hengchi 5 should be able to mass-produce, so does the official off-line of Hengchi 5 in the future mean that Evergrande Automobile has come out of the predicament?
Guaranteed delivery of good borrowing money
As we all know, Evergrande Group is in a debt crisis, since the parent company owes money and does not pay it back, where does the subsidiary Evergrande Automobile get the money to maintain operation? In order to save Evergrande Automobile, it began to sell assets cheaply, such as selling the e-Traction company that was previously acquired for 500 million yuan for 14.52 million...
However, 14.52 million for a car company is not even enough to pay wages, so Evergrande Automobile sold the British start-up wheel hub motor manufacturer Protean Electric, which was acquired for 369 million yuan, and this time the official price was not announced, and the estimated price was so low that people could not believe it! Evergrande Automobile is now in urgent need of financing, but Evergrande Group's current wind comments everyone knows, how can a bank without asset collateral lend money out? Without Evergrande Group's blood transfusion, Now Evergrande Automobile only has one way to borrow money, that is, to protect the stock price!
Evergrande Automobile is a Hong Kong listed company, in February this year a car did not build evergrande automobile total market value but more than 640 billion yuan, through equity financing Evergrande automobile can still get a lot of money, but in December, Evergrande automobile stock price plummeted, now the total market value is only 35.4 billion, the market value evaporated more than 600 billion, if the stock price continues to plummet Evergrande is afraid that even the equity pledge road is gone. In order to give impatient investors a little hope, Evergrande Automobile must let investors see that the car is about to be built no matter what... As for whether to build a car this year or next year, it is all a matter of later.
Just after Hengchi 5 debugged the car off the line, Evergrande Automobile's stock price did rise by 9.8%, which shows that investors still eat this set, but Evergrande Automobile wants to let the stock price continue to rise is unrealistic, everyone knows that the batch delivery of new energy vehicles is a slow process, and whether Evergrande Automobile can survive until the day of delivery is still unknown.
Of course, there is also a possibility that Evergrande has already given up building cars, after all, Evergrande has already expressed its intention to sell Evergrande's new energy vehicles earlier, so look at it, this time Hengchi 5 debugging car off the line is not to improve investor confidence, but to find a takeover for Evergrande Automobile, and can sell a good price...
Write at the end
Evergrande Group is still free to build a car, which shows that Evergrande's capital chain is not tight, but the fact is that Evergrande Group's capital chain has long been in trouble, otherwise Evergrande's commercial housing in some areas will not be stopped online signing, when Evergrande Group itself is in trouble, if Evergrande Automobile can really build the car, it is also a miracle!