Evergrande’s First Offline Car Was Exposed! Isn't Building A Car To Make Money To Subsidize Real Estate Holes?

On December 27th, Evergrande Automobile’s first new car, Hengchi 5-Line Debugging Vehicle 00001, has officially rolled off the assembly line. Compared with the previous announcement, Hengchi Automobile’s rollout appears a little low-key. It is reported that Hengchi 5 is the first model launched by Evergrande, but it has not been officially mass-produced until now. Hengchi 5 LX is positioned as a pure electric compact SUV. In terms of power, Hengchi 5 is expected to be equipped with an electric motor produced by United Automotive Electronics Co., Ltd., with a maximum power of 150kW (204 horsepower) and a comprehensive cruising range of up to 700km.

In this regard, Hengchi Automobile said: “Hengchi 5LX will be rolled off the assembly line early next year. At present, there is only a small ceremony for the internal production line to pass through. It is not deliberately promoted.”

In November this year, Hengchi 5 LX appeared in the Ministry of Industry and Information Technology. However, the two models have been delisted in the "Road Motor Vehicle Manufacturers and Products" (the 350th batch) issued by the Ministry of Industry and Information Technology on December 7. However, this does not mean that Hengchi 5LX cannot obtain a legal identity. Since it can enter the publicity system, it means that the relevant review materials for this model have been completed. Models that did not appear in this batch of announcements will also have the opportunity to appear in subsequent announcements.

Prior to this, in the most difficult period, Xu Jiayin once stated at the workers' union that he was unswerving in the transition to new energy vehicles. The direction of this transformation is very correct. I continue to be optimistic about new energy vehicles, and you can use the simplest method to observe the new energy vehicle market and you can draw a conclusion: There are more and more green license plates on the streets and roads. Doesn't it mean everything?

For Evergrande, the biggest resistance to the development of new energy vehicles or the uproar due to the break of the real estate capital chain will have a great impact on Evergrande’s credibility, including the head Xu Jiayin, and it will also affect Evergrande’s new energy vehicles. The market sales promotion and the financing ability of subsequent production, and the offline of Hengchi 5LX may be of great significance to the company’s breakthrough in difficulties.