Evergrande Automobile has lost 100 billion yuan in 5 years, and its financial situation is worrying
How hard is it to build a car?I think if you look at Jia Yueting's car, you will find that the car he built for nine years has not been delivered yet, which shows that it is really difficult.
And how much does it cost to build a car, look at Xu Jiayin, he has built a car for more than 5 years, Xu Jiayin's Evergrande Automobile has lost more than 100 billion, and it is said that he has spent a lot of money.
According to the announcement released by Evergrande Automobile, the loss in 2021 will be 5634.4 billion yuan, with a loss of 276 in 20226.4 billion yuan, with a total loss of more than 84 billion yuan in two years.
In the three years from 2018 to 2020, Evergrande Automobile's losses were 142.9 billion, 442.6 billion, 739.4 billion, calculated down, the actual loss in 5 years is more than 97 billion, only 100 billion.
Another data: at the end of 2022, Evergrande Automobile's total liabilities were 18387.2 billion yuan, while the total assets of Evergrande Automobile are 1152200 million yuan, Evergrande Automobile's actual assets are more than 70 billion.
This is not black nor blowing, judging from these figures, Evergrande Automobile is almost legal, before Evergrande Group was rich, so Evergrande Automobile losses are not counted, and there are big financiers behind.
However, Evergrande Group has recorded a net loss of 81.2 billion yuan in the past two years, and its total liabilities are currently 24400 million, it is difficult to protect itself, there is no money injected into Evergrande Automobile, and in this financial situation, it is estimated that no one is willing to take over, even if it is given to anyone for nothing, the debt is more than 70 billion, and others take more than 70 billion, starting from 0, it is better to take this mess.
The question is: why is Evergrande so expensive to build a car?
This is related to Xu Jiayin's style, when Evergrande wanted to build a car, Evergrande Group was still thriving, not bad for money, so in order to build a car quickly, the style is a tycoon-style approach: buy, buy, piece, circle, big big, good.
That is to say, spend a lot of money to quickly establish an industrial chain by means of acquisition, alliance, strategic cooperation, etc., and continue to make the automobile industry bigger, better and stronger.
In just over two years, Evergrande has spent more than 50 billion yuan to acquire assets and talents covering the entire industrial chain of automobile design, R&D, production and sales around the world.
From the performance point of view, Evergrande Automobile has the conditions for the whole industry chain of mass production of new energy vehicles. But the acquired things can't be quickly digested on their own.
In the words of industry insiders, what is bought in this way is the understanding of users, the construction of the technical system, and the purchase of more pictures and empty shells, which takes time to digest.
Many people think that if Evergrande does not spend money to buy, buy, buy, take the 50 billion 0, specialize in research and development, spend more than 50 billion, and use these 5 years, it is estimated that it has already mastered the real core technology, but in fact, it is not.
At present, Evergrande Automobile has delivered a car, namely Hengchi 5, which was officially mass-produced on September 16 last year and began delivery on October 29, but only 1,000 units have been delivered so far.
If you count the cost, wouldn't this car cost more than 100 million cars?Do you think the people who bought this car will feel like they have made a lot of money?After all, I only bought it for more than 100,000 yuan, and the cost is as high as 100 million, how scary.