Possibly

The story of Dachuang Auto can be traced back to 2017 when Jia Yueting joined hands to acquire shares in FF. However, the two sides had a number-theoretic confrontation and confrontation over the company’s management rights and other issues, and finally nothing came to an end. The wealthy Evergrande decided to abandon the mess of FF and start a new one.

Evergrande, which is starting again on the road of car manufacturing, seems to have turned on the light speed mode, and staged an unprecedented show of exchanging money for time in the field of car manufacturing, from the acquisition of Swedish NEVS in early 2019 to the acquisition of NEVS in Shenyang in June. To invest and build factories, Evergrande spent more than 10 billion yuan in just half a year to acquire vehicle companies, battery companies and wheel hub motor companies, and established a joint venture with Koenigsegg. At the same time, it plans to invest nearly 300 billion yuan in Guangzhou. Production bases have been built in Shenyang and Shenyang to complete the layout of the entire vehicle manufacturing industry chain.

It is reported that the three new energy vehicle bases constructed by Evergrande in Nansha District, Guangzhou will achieve an annual output of 1 million complete vehicles, 50GWh power batteries, and 1 million sets of motors and electronic control systems after completion.

In the Evergrande new energy vehicle base in Shenyang, the vehicle R&D and production base will be located in Hunnan District, Shenyang, and the wheel hub motor R&D and production base and power battery super factory will be located in Tiexi District.

In addition, Evergrande also announced its car manufacturing plan at the New Energy Vehicle Global Strategic Partner Summit in March this year. Its first planned annual production capacity is 1 million vehicles, and will be expanded to 1 million vehicles in the next 3-5 years. Become the largest and most powerful new energy vehicle group in the world.

There is also news that the first model of Evergrande New Energy’s new brand, Hengchi Automobile, will be officially unveiled as soon as 2020.

Compared with this jaw-dropping "buy buy buy" and "build build build", the brand name "Hengchi" seems a bit conventional and low-key, but we also hope that Hengchi can be like other brands. The meaning expressed in the car manufacturing is to achieve "long-lasting", and the Hengchi brand cars will really be able to "run the world" in the future.