4.2 billion "life-saving money" was lost, the only financier escaped, and Xu Jiayin's last capital was lost!
Introduction: Evergrande Automobile recently announced that the subscription agreement of Xintong Group is invalid, which means 4.2 billion"Life-saving money"came to naught, and Xu Jiayin also lost his last capital. Some people accused Xu Jiayin of being inconsistent in dealing with the debt problem and choosing to lie down. But in fact, Xu Jiayin tried. Evergrande Automobile was his hope for a turnaround, and he also did his best. However, the problems faced by Evergrande Group were too great, causing Evergrande Auto to fall into financial difficulties. Although the sales situation was not ideal, Evergrande Auto still persevered. However, the loss of 4.2 billion yuan of life-saving money and the flight of the sole financier put Evergrande Automobile in jeopardy. This article will discuss Evergrande's plight and the challenges Xu Jiayin faces.
The road of Evergrande Automobile has been full of twists and turns.
Evergrande Automobile was once regarded by Xu Jiayin as an opportunity to turn losses into profits, and Xu Jiayin also did his best. However, Evergrande Automobile faces technical difficulties in shifting from the real estate field to the new energy vehicle field. But Xu Jiayin made full preparations for Evergrande Automobile and obtained technology and talents. However, the outbreak of the Evergrande Group crisis has brought financing difficulties and financial problems to Evergrande Automobile. Evergrande Automobile persevered in its efforts and finally succeeded in launching the first new energy vehicle Hengchi 5, although it is very competitive in terms of ** and configuration, but because Evergrande's reputation has been affected, sales are not ideal, and people have begun to doubt the future of Evergrande Automobile.
The escape of Newton's group and the failure of the 4.2 billion lifeboats.
When Evergrande Automobile was in trouble, Newton Group announced its investment in Evergrande Automobile and provided 4.2 billion yuan in financial support. However, recently the agreement for this investment lapsed and this life-saving money came to naught. Although Evergrande Auto is ostensibly continuing to work hard, the loss of funds is worrying. In addition, the bankruptcy of other well-known new energy vehicle brands has further intensified market competition and brought more pressure to Evergrande Automobile. The insolvency situation of Evergrande Auto has deterred investors and further exacerbated the situation of Evergrande Automobile.
The future prospects of Xu Jiayin and Evergrande Group.
The outlook for Evergrande Automobile is bleak, sales are sluggish, and the financiers have fled, and the financiers have relied heavily on Evergrande Automobile, and Evergrande Automobile is in a state of insolvency, which indicates that Evergrande Automobile should go bankrupt. For Xu Jiayin, the failure of Evergrande further exacerbated his problems with the business empire. If Evergrande hadn't been destroyed, the outcome might have been different, but greed and overexpansion turned everything upside down. Xu Jiayin faces unprecedented challenges, and the future of Evergrande's business empire is in jeopardy.
Conclusion. Evergrande's problems and Xu Jiayin's helplessness show the power of greed and lack of control in the business world. Although Xu Jiayin worked hard to support Evergrande Automobile, the external environment and internal problems still put Evergrande Automobile into a situation that was difficult to reverse. This story reminds us that success doesn't happen overnight, and that greed and blind expansion will only cost us more. Businesses and individuals alike should exercise caution and avoid over-reliance and risky investments to avoid falling into a similar situation. Only by prudently formulating strategic planning, continuous innovation, and stable operation can we remain invincible in the highly competitive business society.