We know that 2021 is a very stressful year for Evergrande, and various problems have piled up, making Evergrande breathless, and Xu Jiayin has also tried all kinds of methods. However, at the end of last year, there was good news that 3.9 houses were delivered normally in December.
Although the skinny camel is bigger than the horse, it is not realistic for Evergrande to want to be as beautiful as before, so Xu Jiayin said that he will no longer buy land in the next ten years, and will vigorously develop new energy vehicles in the future days. This can also reflect that Xu Jiayin has a new goal, and Evergrande may be able to achieve a counterattack by taking the route of new energy.
Xu Jiayin is a real estate developer, so playing high-tech things is at a disadvantage, so Xu Jiayin buys technology with heavy money, invests more than 40 billion yuan before and after, and the research and development cost alone exceeds 20 billion. Xu Jiayin feels that it doesn't matter if there is no car-making technology, as long as the money is spent in place, then all problems can be solved sooner or later.
In November 2021, there were two Evergrande new energy vehicles in the ministry of industry and information technology's licensing announcement, which seems to indicate that Evergrande Automobile may soon enter the market. However, in December, the two models disappeared from the list, which made many people feel very confused, and just when everyone was worried, at the end of December, the news that Hengchi Automobile was about to roll off the production line was reported.
January 12 is the day when Evergrande really turned over, because Evergrande's first Hengchi Automobile 5 was officially off the production line, but due to special reasons, the release ceremony was carried out online, which also marked that Evergrande's new energy vehicles finally gained something.
So, can this matter make Evergrande sweep away the haze? In fact, now only a car off the production line, Evergrande wants to rely on new energy vehicles to turn over, still need a long way to go, after all, tens of billions of market value of Evergrande Automobile is unable to leverage trillions of liabilities.
In addition, the competition for new energy vehicles is very fierce, at present, China's BYD, Weilai, ideal and other electric vehicles have already occupied the market, and Tesla is firmly occupying the top position, even Xiaomi has begun to cross the border, so Evergrande's car off the line is just the beginning, and there are many pressures and challenges waiting for Evergrande in the future.
However, the downline of Evergrande's new energy vehicles has also brought confidence to Evergrande and people who pay attention to Evergrande, which is also a good news that Evergrande ushered in at the beginning of 2022, and I hope that this good news can make Evergrande more and more smooth in the next few days.