Finance network auto news, on January 12, Evergrande Automobile Hengchi released the official Weibo, Hengchi 5 first car has been officially off the production line, 12 days earlier than the original time. This is the first model launched by Evergrande Automobile, and the off-line of Hengchi 5 means that Hengchi has entered the countdown stage of mass production. It is reported that Hengchi 5 is still in the small batch trial production stage, and now it is only the final assembly of the production line, and it is expected that the official mass production will wait until August this year.
According to the Observer Network, some industry insiders said that Evergrande has been in a liquidity crisis for half a year, and Hengchi Automobile has repeatedly admitted that if there is a lack of further capital investment in the short term, the mass production schedule of new energy vehicles may need to be postponed. Therefore, the geometry of the completion of the new car and whether it can successfully achieve mass production are still unknown, which may be the fundamental reason for the flat response of the capital market.
It is worth noting that from November 9 to 16, 2021, the website of the Ministry of Industry and Information Technology published 350 batches of road motor vehicle products. In the list of new vehicle products in this period, Evergrande has a total of two models, namely the two declared models of HDE6470BEVA1F and HDE6470BEVA0F, both of which are Hengchi 5 LX, but the two models only have slight differences in tire specifications.
Generally speaking, after the Ministry of Industry and Information Technology issued a public announcement, it will enter the official announcement, and the new car will be listed for sale in 4-6 months, but what people did not expect is that on December 7, 2021, the Ministry of Industry and Information Technology issued the "Road Motor Vehicle Manufacturers and Products" (Batch 350) License Announcement, but did not see further news of Hengchi's new car, and Evergrande Automobile did not have a new news announcement response.
Previously, Evergrande had indicated that the car would roll off the production line at the Tianjin plant early next year and be sold in the domestic market.
On December 27 last year, some media reported that Hengchi 5, evergrande automobile's first new car, was finally officially rolled off the production line. To this end, the financial network car contacted the relevant person in charge of Evergrande Automobile, the other party said: "Hengchi 5 will be off the production line early next year, and there is currently only a small ceremony for an internal production line to pass through. And did not deliberately promote it. ”
According to evergrande automobile's model planning, Hengchi 5 is positioned in a compact pure electric SUV, priced at less than 200,000 yuan, benchmarking Audi Q3, BMW X1 and other models.
Previously, the Securities Times reported that according to the car-making plan, by 2020, Evergrande's total assets will reach 3 trillion yuan and the annual sales scale will be 800 billion yuan, so that it can support the market value of trillions of Hong Kong dollars. In order to achieve this goal, Xu Jiayin pinned his hopes on new energy vehicles: "The trend of replacing fuel vehicles with new energy vehicles in the future is a very clear general direction, and the future new energy vehicle market will also be a very huge market." ”
In 2020, Evergrande Automobile's annual report shows that Evergrande Automobile achieved revenue of 15.487 billion yuan in 2020, an increase of 175% year-on-year, of which the automobile business was 188 million yuan. The company achieved a gross profit of 2.695 billion yuan, an increase of 43% year-on-year, and a net profit of 7.74 billion yuan for the whole year. Up to now, Evergrande Automobile has invested a total of 47.4 billion yuan in the new energy automobile industry. Among them, 24.9 billion yuan was used to acquire core technologies and research and development expenses, and 22.5 billion yuan was used for factory construction, equipment procurement, and parts procurement.
Sean, chairman of Evergrande Automobile, and his senior management team said in an online exchange that in terms of scale targets, Evergrande Automobile will strive to achieve annual production and sales of more than 1 million vehicles by 2025 and more than 5 million vehicles by 2035.
At the Shanghai Auto Show in April 2021, Evergrande Automobile unveiled 9 Hengchi automobiles at one time, and according to its original plan, Hengchi Automobile will start trial production in the fourth quarter and achieve large-scale delivery in 2022. In the second half of the year, Evergrande was plunged into a huge debt crisis, and even rumors of bankruptcy appeared.
In October 2021, Xu Jiayin, chairman of the board of directors of Evergrande, said: "Within 10 years, the transformation from the real estate industry to the new energy automobile industry will be realized." In November 2021, Evergrande Automobile issued two more announcements for the allotment of shares, raising a total of about HK$3.2 billion for the research and development and manufacturing of new energy vehicles, laying the foundation for the smooth production of Hengchi new energy vehicles.
According to the performance report released by Evergrande Automobile in the first half of 2021, Evergrande Automobile achieved operating income of 6.923 billion yuan, an increase of 53.5% compared with 4.510 billion yuan in the same period of 2020. During the reporting period, Evergrande Automobile lost RMB4.822 billion, an increase of 96.25% over the same period in 2020, mainly due to the decrease in gross profit of the health business.
In 2021, Evergrande Automobile has completed the off-line of Hengchi 1, 3, 5, 6 and 7 trial vehicles, and completed the winter test, summer test and plateau test. 2022 is the key year for the mass production of Evergrande Automobile, with the launch of Hengchi 5 products, only the first stage from planning to mass production has been completed, and whether it can achieve market recognition depends on the performance after the listing.