Another 2.7 billion non-real estate Evergrande came with good news, Xu Jiayin did not give up
Evergrande Real Estate. Evergrande diversifies.
Looking back on the glory of Evergrande Real Estate in 2009, Xu Jiayin became one of the richest people in China with a net worth of $42.2 billion. With the continuous expansion of the scale of assets, Evergrande has embarked on a diversified path: expanding to the fields of culture and tourism, and establishing Evergrande Culture;With Evergrande Ice Spring as the main product, expand the field of beverages;Jointly established HengTen with Tencent, and began to set foot in online decoration and social financing business.
Among them, Evergrande announced its own vehicle manufacturing plan in 2019, while Evergrande Health plans to list in Hong Kong. Driven by new energy vehicles, Evergrande once had a market value of 700 billion Hong Kong dollars, leaping upward, surpassing traditional car companies such as Honda and Ford. The spike has also spurred Evergrande's ambitions, and they have made an investment of more than $5 billion to produce key parts such as engines and batteries. Xu Jiayin even announced at the meeting that Evergrande Group will achieve sales of 5 million vehicles in 2025.
Evergrande real estate turmoil has risen again.
The crisis in the real estate industry.
But since 2016, the state has introduced"Housing is not speculation"Policy, Wanda quickly moved, real estate, tourism, tourism and other industries were all transferred to Sunac, R&F and other real estate companies at a 50% discount, and everyone thought that Wanda's move was a bit exaggerated. Evergrande has not stopped its expansion, diversifying its development while acquiring more land. This is undoubtedly a huge threat to Evergrande's future development. Until 2020, ** was introduced for high-debt real estate companies"Three red lines", everything is the three red lines that Evergrande once brilliantly had, and since then the financing channels have been completely blocked.
Evergrande's real estate business has been hit hard and Evergrande's assets have shown signs of bankruptcy, and in this turmoil, Evergrande's car has become its only lifeline. Xu Jiayin also officially announced Evergrande's reorganization plan at a special meeting held on the 22nd of this month: in the next ten years, Evergrande's sales scale will be reduced from 70 billion yuan in 2020 to 200 billion yuan, and the transformation from real estate developers to new energy vehicles will be realized in ten years.
Evergrande new energy vehicle.
New energy vehicles have become a life-saving straw.
Why does Evergrande want to take a stake in the new electric vehicle?In countries around the world, new energy vehicles are gradually replacing traditional fuel vehicles. By 2020, 7.8 million cars will be sold in the world, and in China, this number will exceed 22.5 million. According to the ** of $15 per unit, this huge market size will exceed 10 trillion.
With such a large market, there are naturally great opportunities, so new energy vehicles have quickly become "free rides", attracting a large number of high-tech companies. With the diversification of Evergrande, whether it is culture, tourism, Evergrande ice spring, sports industry, these are mature industries, there is nothing to do, only new energy vehicles, is the most valuable, which is also a few projects that Evergrande can take out at present.
HK$27 billion was raised.
Evergrande Group announced another tranche of funds totaling HK$2.7 billion, or $2.2 billion, on the Hong Kong ** Stock Exchange on November 19 this year. The crisis of the property market is like an egg, Xu Jiayin invested all his funds in new energy vehicles, which turned the situation around.
Now, Evergrande's production base in Tianjin has attracted much attention, and in order to ensure the safety of Evergrande, they have mobilized a large number of technicians and technicians from all over the country to assist in production. Seeing that there is only less than a month left until 2022, everyone is surprised whether this new model can be launched before the Spring Festival
Can the next 14 new energy vehicles be mass-produced smoothly?Will consumers be supportive?Xu Jiayin decided to return to society, do you think he can do it this time?Please leave a comment.