Just now, China Evergrande issued an important announcement.
On the evening of January 13, China Evergrande (03333, HK) issued an announcement on the resolution of evergrande real estate group co., LTD.'s 2020 public offering of corporate bonds (phase I) to qualified investors at the first shareholders' meeting in 2022.
The relevant proposals in the resolution include: "Proposal on Adjusting the Principal and Interest Redemption Arrangement of "20 Evergrande 01" Bonds" and "Proposal on Requiring Issuers to Undertake not to Evade Debts".
Bond redemption, commercial bill redemption and housing delivery are important matters that Evergrande real estate sector needs to face and solve.
For Evergrande, the difficulties are still heavy. It can be noted that yesterday, that is, January 12, Hengda Automobile had a major breakthrough.
Evergrande makes cars, and this breakthrough has nothing to do with "PPT".
In a long period of time, Jia Yueting made cars because of PPT, and "PPT cars" came from it.
Evergrande, which is caught in a liquidity crisis, is very tenacious in its determination to build cars. Many people are skeptical about whether it can be sustained.
What people did not expect was that the breakthrough was coming!
On January 12, Evergrande officially announced that the first car of Hengchi 5 rolled off the production line. After Evergrande Automobile's stock price fell by 90%, the first car of the big car was rolled off the production line at the Tianjin plant 12 days earlier than originally planned.
There are two meanings behind the downline: first, hengchi's first car mass production countdown; second, Hengchi 5 is Evergrande car shop model, priced below 200,000 yuan, this price is within the cost-effective battle group, aggregating many models, there is news that Tesla Model 2, is also planning to impact this price segment.
With 2 trillion yuan of debt, Evergrande is like a camel under heavy pressure, struggling to rush forward and rush to the destination to unload the heavy ambush. This destination also includes mass production of cars.
Boss Xu previously announced that Evergrande will transform new energy vehicles. Such a strategic decision, which began in October last year, includes these two aspects: first, the next 10 years will not buy land; second, in the next 10 years, to achieve the transformation of real estate into new energy vehicles in the next 10 years.
From this point of view, Evergrande's real estate will become auxiliary, and the main force and main line will be replaced by new energy vehicles.
Of course, all the planning premise is that Evergrande will survive this difficult time. To tide over the difficulties, the help of external forces and the smooth delivery of the house are all crucial.
Evergrande car manufacturing has a long history, from the initial soaring, to last year gradually fell into a deep crisis, we even doubt evergrande car manufacturing can continue?
Since 2018, Evergrande has launched the dream of building cars. At that time, Evergrande said that it would produce and sell 5 million yuan in 10 to 15 years. It can be seen that Boss Xu is still ambitious in this regard.
For new energy vehicles to replace fuel vehicles, Boss Xu is seeing a lot of development momentum behind this trend. Where there is momentum, there is an opportunity to make a fortune.
The process of Evergrande's car building is indeed tortuous.
Evergrande was first ready to join hands with Jia Yueting to build a car, which happened in 2018. Unexpectedly, in January 2019, after the two sides began to cooperate for a few months, they tore their faces and started a lawsuit, and the cooperation between the two sides no longer existed.
This process made Evergrande completely make up its mind to make cars independently, and Evergrande Intelligent Automobile (Guangdong) Co., Ltd. was established, and since then Evergrande has made cars and Faraday Future has no half-cent relationship.
The Hengchi brand was released in August 2019, with multiple models unveiled together and fully promoted by various channels.
Xu Jiayin's plan is like this: Evergrande will use 3 to 5 years to build the world's largest and strongest new energy vehicle company.
At that time, Evergrande was still the largest real estate enterprise in China in people's minds, and to build the world's largest and strongest new energy vehicle company, although people would be suspicious, the corresponding components would still be more.
So how much money did Evergrande invest before and after building the car? Collecting the data, it can be understood that from 2019 to 2021, Evergrande is expected to invest about 29.4 billion yuan in three years.
This figure is as estimated by Li Bin of Weilai Automobile: there is no 20 billion yuan to build a car.
According to the planning of Evergrande Automobile, after the mass production of the first car, it will no longer invest funds and generate cash flow by selling cars.
When will Evergrande Automobile be mass-produced? Boss Finance will continue to pay attention.