“Protect the blue sky, win the Red Sea, the Eastern Lion, dominate the world.” On November 10, Evergrande officially released the Hengchi car logo. The meaning of the car logo is as shown above.

The image of the Oriental Lion symbolizes Evergrande Automobile’s ambition to build Evergrande Automobile into the world’s largest and most powerful new energy automobile group.

In September this year, Evergrande Automobile confirmed its intention to land on the Science and Technology Innovation Board and announced that it planned to issue 177 million placement shares at a placement price of HK$22.65 per share to raise approximately HK$4 billion. Investors introduced include Tencent Holdings Co., Ltd., Sequoia Capital, Yunfeng Fund and Didi Chuxing, etc., raising approximately HK$3.999 billion

It is worth mentioning that this is also the capital of Tencent Group (Tencent, Didi) and Alibaba Group (Cloud Feng Fund), it is extremely rare to appear in the investor lineup of the same car company at the same time.

Not long ago, Evergrande Real Estate’s long process of returning to A shares came to an end, terminating its restructuring plan with Shenzhen Real Estate and giving up its return to A shares. According to industry insiders, Evergrande gave up its return to A this time in exchange for the smooth listing of other diversified businesses. Not only did Evergrande Automobile obtain financing, but Evergrande Property also introduced Tencent Holdings, Yunfeng Fund, Sequoia Capital, etc. 14 A strategic investor, attracting strategic investments of up to HK$23.5 billion.

At present, Haitong Securities’ first phase of guidance work for Evergrande Automobile’s Science and Technology Innovation Board listing has been completed from September 22 to October 13. Haitong Securities stated that this counseling basically achieved the expected counseling effect.

The purpose of Evergrande Automobile’s return to A-shares is to open up financing channels. As for the use of funds, people familiar with the matter revealed that the funds raised by Evergrande Automobile’s listing on the Science and Technology Innovation Board will mainly be used in the “New Four Modernizations” field. , especially the development of the new energy vehicle industry, including production and marketing network construction projects and supplementary working capital.

On August 3, the first six models of Hengchi were unveiled simultaneously globally. However, Evergrande Automobile currently does not have mass-produced vehicles and is not expected to reach mass production status during the review stage of the Science and Technology Innovation Board. In this regard, Evergrande Automobile plans to make a special risk warning in the prospectus.

The management of Evergrande Automobile has stated that Hengchi series products will start trial production in the first half of next year, and will gradually achieve mass production in the second half of the year.

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.