Evergrande delisted, hengchi offline

Share the QR code with wechat scanning code to friends and circle of friends a new era Evergrande group's low-key lease withdrawal of the Shenzhen headquarters building has not yet subsided, and the first car of hengchi has gone offline in a high profile Wall Street learned that following the official offline at the end of last year, hengchi 5 held the offline ceremony of the first car in Tianjin on January 12. People close to hengchi automobile said that this means that hengchi has entered the countdown to mass production however, some sources said that hengchi 5 is still in the pT0 (small batch trial production) stage. Now it is only the final assembly line. It is expected that the formal mass production will wait until August this year in other words, after the production line of Evergrande automobile is opened, the next focus will be the mass production of hengchi 5 compared with the expected offline time, hengchi 5 went offline 12 days earlier at the previous strategic partner conference held by Evergrande automobile in Tianjin production base on October 11, Liu yongzhuo, President of Evergrande automobile, also said that the company has launched a three-month battle to ensure that the first hengchi car will go offline in Tianjin factory early next year, and the first mass production car will be hengchi 5 it seems that Xu Jiayin, chairman of Evergrande's board of directors, has made an iron heart on the car. After all, in October last year, Xu Jiayin said, "realize the transformation from the real estate industry to the new energy vehicle industry within 10 years." Xu Jiayin's subsequent behavior also showed that he did not want to give up. On November 9 and November 19, Evergrande Motor announced that it would issue shares. The two announcements raised a total of about HK $3.2 billion for the R & D, production and manufacturing of new energy vehicles, laying the foundation for the smooth production of hengchi new energy vehicles according to the information disclosed by HKEx, on October 19, China Evergrande's holding of Evergrande motor increased from 63.84% to 72.89%. It turned out that the fund-raising object of Evergrande automobile was China Evergrande as of the first half of the year, Xu Jiayin had invested nearly 50 billion in Evergrande automobile and is still losing money. According to the China Evergrande automobile report, the company's revenue in the first half of 2021 was RMB 6.923 billion, a year-on-year increase of 53.5%, of which the revenue of new energy automobile industry contributed only RMB 37 million and the revenue contribution of health management division was RMB 6.886 billion. In the first half of the year, Evergrande motor's loss increased to 4.82 billion yuan from 2.46 billion yuan in the same period last year however, Evergrande's real estate business is still guaranteed to deliver and deliver buildings. Even the Shenzhen headquarters, which proudly wrapped up 20 floors seven years ago, withdrew its lease at the end of last year as the "Evergrande group" brand of Shenzhen headquarters building was recently removed, an era waved goodbye however, Xu Jiayin still hopes to turn the tables. In his letter to employees in 2022, he said that Evergrande should never give up, unswervingly carry out the guaranteed delivery of the building to the end, resume sales, resume operation, pay off all debts, and create a beautiful future of Nirvana and rebirth Evergrande said that by the end of last year, the resumption rate of national projects had reached 91.7%, 89000 people had resumed work, and more than 53000 units had been delivered in the fourth quarter but for Evergrande, there is not much support to rely on at present. After hengchi 5 goes offline, it seems that it is a necessary option to continue financing in order to move towards mass production

2023-03-22 10:04:49

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