Named “Hengchi”, Evergrande Debut New Energy Vehicle Brand By Guangzhou Evergrande Taobao FC

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I am not a football fans, but this report is related to football. As one of the largest real estate development companies in China, Evergrande has also made great achievements in the field of Chinese football. Several days ago, we also reported that Evergrande involves in new energy automotive field, the company acquired NEVS and launched its first pure electric car, the NEVS 9-3. At 8:00 pm on August 28, in the AFC Champions League quarter-final, Evergrande’s new energy car brand – “Hengchi” debuted on the jersey of Guangzhou Evergrande Taobao FC. According to the official interpretation of Evergrande, “Hengchi” indicating Everlasting, galloping the world. In Evergrande’s view, new energy vehicles have risen to become leading industries in China or worldwide. In the field of new energy, “Hengchi” will be an important brand representative of Evergrande’s new energy market.


Named "Hengchi", Evergrande Debut New Energy Vehicle Brand By Guangzhou Evergrande Taobao FC

In fact, Evergrande continued to work on new energy vehicles long before Evergrande released the “Hengchi” brand. From the 2019 half-year results announcement released by Evergrande Health recently, it is enough to spy on it, Evergrande New Energy Vehicle has achieved remarkable results and has become a new growth point of Evergrande. Data show that in the first half of 2019, Evergrande Health Group’s operating income was 2.648 billion yuan, of which the new energy vehicle industry revenue was about 284 million yuan.

Named "Hengchi", Evergrande Debut New Energy Vehicle Brand By Guangzhou Evergrande Taobao FC
NEVS 9-3, first EV from Evergrande, based on SAAB PhoeniX-E platform

At the same time, at the press conference of Evergrande’s interim results report, Fang Jiajun, secretary of the board of directors of Evergrande, publicly stated that Evergrande has completed the layout of the entire industrial chain of new energy vehicles. Evergrande said that Evergrande has conducted a series of international mergers and acquisitions and cooperation since the beginning of this year, it has mastered the advanced core technologies of new energy vehicles and completed the development and manufacturing of complete vehicles, powertrains, power batteries, smart charging and automobile sales. The entire industry chain layout.

In terms of core technology, through cooperation with National Electric Vehicles Sweden (NEVS), Evergrande has achieved the core technology of Saab Automotive. At the same time, Evergrande also teamed up with Koenigsegg, the world’s top luxury car manufacturer, to acquire the R&D and manufacturing capabilities of luxury vehicles. In addition, Evergrande and German Hofer formed a joint venture company to master the most advanced three-in-one powertrain technology, it also has advanced wheel hub motor technology that represents the future development direction of the powertrain, and also masters Japan’s advanced power battery technology.