On the 29th, Evergrande’s first new energy vehicle, National Energy 93, was launched in Tianjin. At present, new energy vehicles and real estate, cultural travel, health and health are listed as the four major business segments of Evergrande Group.

Automotive manufacturing is a typical capital-intensive industry. In particular, it requires a lot of investment in technology research and development, which has led many car companies to face losses in the early stage. According to incomplete statistics, the current financing scale of China’s new car-making forces has exceeded 100 billion yuan. However, the new car industry is currently in a state of general losses. China’s first new car company, Weilai, had a net loss of 9.6 billion yuan in 2018, and Tesla, the new car manufacturer listed in 2010, has yet to achieve annual profit. The net loss in the first half of this year exceeded $1.1 billion. Evergrande Health believes that huge R&D investment will further consolidate Evergrande’s technological advantages in manufacturing.

In the context of the downturn in the auto market, new energy vehicles are still seen as a future development trend. The China Association of Automobile Manufacturers predicts that new energy vehicles are expected to sell around 1.5 million vehicles in 2019, an increase of about 19.4% year-on-year. According to data provided by Evergrande officially, Evergrande achieved sales of 322.3 billion in the first seven months of this year, and it is expected to achieve 600 billion sales throughout the year. Evergrande Health believes that the good performance of Evergrande Group will be the basis for Evergrande’s healthy expansion of new energy vehicle layout. The company said: “In the future, as new models are launched in mass production, the new energy vehicle business will promote the strong growth of Evergrande’s health performance.”

—————————-

I am Niu Xiaotong, the author of the Future Auto Daily, who is concerned about the dynamics of cars and travel technology, and welcomes exchanges at any time. My WeChat is NEXT0117, please add a note name, company, position.