Per edited: Bi Luming
On January 12, according to the official Microblog of Evergrande New Energy Vehicle Investment Holding Group Co., Ltd., Evergrande Automobile's first mass-produced model, hengchi 5, was successfully rolled off the production line on December 30, 12 days earlier than the original time.
Image source: Evergrande Automobile
At the beginning of last month, the website of the Ministry of Industry and Information Technology published 350 batches of road motor vehicle products, which were published from November 9 to 16. 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 5LX, and the two models only have slight differences in tire specifications. However, on December 7, the Ministry of Industry and Information Technology issued the "Road Motor Vehicle Manufacturers and Products" (Batch 350) license announcement two models have been removed.
As of the close of trading on January 12, Evergrande Automobile's Hong Kong stock closed at HK$4.03, up 3.33%, with the latest market capitalization of HK$43.7 billion. Throughout 2021, Evergrande Automobile's stock price has experienced great ups and downs, with the largest annual decline of 90%.
In April 2021, Evergrande Automobile's stock price as a whole showed an upward trend, and its market value in April increased by 20.415 billion yuan month-on-month to 488.695 billion yuan, once surpassing BYD (002594, SZ) to the top of the list of Chinese car companies.
Since May, Evergrande Automobile's stock price has declined. Until October, Evergrande Automobile, whose stock price had fallen for several months, stopped its decline, and the company's market value rose to 30.019 billion yuan, an increase of 22.14% month-on-month.
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