It is said that “Hengchi 5” has resumed production in May, and as of the end of May, more than 1,000 new cars have been delivered.

At present, Evergrande Automobile Group is still facing the difficulty of shortage of funds. The management of the company is continuing to promote cost-saving measures, actively explore financing channels, and try its best to maintain the continuous operation of the Group.

Referring to previous report, Hengchi Automobile’s Tianjin factory resumed full production on May 23.

Liu Yongzhuo, president of Hengchi Automobile, said that the company will spare no effort to speed up the production and delivery of Hengchi 5, and continue to promote the R&D and production of subsequent models, so as to make the enterprise bigger and stronger and make due contributions to the economic development of Binhai New Area and even Tianjin.

On April 24 this year, Hengchi officially announced that due to insufficient funds, the Tianjin factory suspended the production of Hengchi 5. In addition, it is proposed to sell the issued shares of two subsidiaries, namely Huibao and FlamingAce, which hold 47 wellness space projects, to China Evergrande for a consideration of RMB 2.

In August 2020, Evergrande Automobile Group released the first six models of Hengchi simultaneously in Shanghai and Guangzhou. Hengchi 1, Hengchi 2, Hengchi 3, Hengchi 4, Hengchi 5, and Hengchi 6 were officially unveiled, covering Passenger car models such as sedans, coupes, SUVs, MPVs, and crossovers. Among them, the Hengchi 5 will officially roll off the Tianjin factory in early 2022, and there is no information on the other five planned models. According to the information disclosed by Evergrande Automobile, as of April 24, Evergrande Automobile has delivered more than 900 units of Hengchi 5 to customers. In November 2019, Xu Jiayin, Chairman of the Board of Directors of Evergrande Group, made a bold statement that by 2025, the annual. The production and sales will exceed 1 million vehicles, and the annual production and sales will exceed 5 million vehicles by 2035. Evergrande will become the largest and most powerful new energy vehicle group in the world.

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Evergrande said that if the group can seek financing of more than 29 billion RMB in the future, it still plans to launch a number of flagship models and hopes to achieve mass production. Under this plan, the cumulative unlevered cash flow from 2023 to 2026 is expected to be between negative RMB 7 billion and negative RMB 5 billion.

All the above-mentioned financial forecasts are based on the 2021 management report and depend on many assumptions and prerequisites. There are many uncertainties, and the company cannot guarantee that it will operate according to the aforementioned forecasts.

It is worth mentioning that the official also mentioned that Evergrande New Energy Vehicles has delivered more than 900 vehicles as of today. According to previous report Hengchi 5 will be officially mass-produced on September 16, 2022, and the first mass-produced cars will be delivered on October 29, 2022.

To be able to maintain basic business operations due to tight liquidity, Evergrande New Energy Auto has taken steps to cut costs, such as cutting its workforce, officials said.

Evergrande New Energy had 2,795 employees as of March 2023, compared to 3,742 as of June 30, 2022.

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At the beginning of the pre-sale of the HCH5, the first 10,000 users who ordered can enjoy the “deposit of 10,000 against 20,000” and “lifetime warranty” and other benefits, many people also sell “qualification numbers” in the second-hand trading platform. The company’s main business is to provide a wide range of products and services. Hengchi 5 this thing is boiling, many people feel that Hengda car “again line”, so what is its future?

According to statistics, Evergrande Auto has invested about 29.4 billion yuan, mainly in equity acquisition, research and development. Evergrande Auto has long planned its product lineup and developed 14 models simultaneously, covering A0, A, B, C and other levels and grades, covering sedan, coupe, SUV, MPV and other models, which can be seen its ambition. on May 12, 2021, Evergrande Auto announced that it has applied for 3012 patents at home and abroad, among which 1355 patents have been authorized, with a globally leading technology and complete industrial chain patent layout.

Xu Jiayin has said that Evergrande Auto will invest 45 billion yuan in three years, target sales of 1 million units in 2025 and 5 million units in 2035, and become the world’s largest and strongest new energy automobile group.

During the pre-sale period of Hengchi 5, Evergrande Auto, fearing that consumers would not buy it, specially issued an announcement that the pre-sale deposit, subscription deposit and final payment would all be paid to the special account established by Tianjin Jinbin Notary Office and supervised by the Notary Office. This behavior is also considered the auto industry’s “magic touch”.

The first 10,000 concessions, the money to buy a car into the notary’s account and other acts, undoubtedly reveal to the public, that Evergrande Auto is playing for real this time.

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According to the previous news, the pre-sale price of Hengchi 5 has not been fully determined, is expected to be about 200,000, after the pre-sale opened to pay the “small order” to grab the rights and interests, the time is July 6 – July 31, the small order amount is 1,000 yuan, August 1 – August 31 can be small order to big order, the big order amount is 10,000 yuan.

The first batch of Hengchi 5 delivery time is expected to be from October 1, 2022, to March 31, 2023, at the same time, the first 10,000 purchasers who paid the small order can enjoy the top ten rights and benefits provided by Hengchi.

Including 15 days after picking up the car and using it can return the car for a refund, three years after picking up the car can be bought back at a 60% discount, 10,000 large orders can be offset by 15,000, free H-Pilot intelligent assisted driving package, free lifetime warranty for the whole car, free lifetime basic maintenance, free charging pile, free 5-year traffic, free lifetime 24-hour roadside assistance/towing/rescue repair and other services.

For the first model of Hengchi, Hui Kayan, Chairman of the Board of Directors of Evergrande, can be said to have high expectations. In May this year, when Hengchi 5 arrived at the store, he had experienced the car in all aspects with his management team and could not help but praise it, “Beautiful! It’s beautiful!”

Exterior and interior here will not repeat acceptance, we look at the picture to appreciate themselves, and power, the car is equipped with a 150 kW motor, 0-100 km / h acceleration time of 7.8 seconds, CLTC working conditions range of 602 km.

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