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Evergrande teamed up with Tencent to set up a joint venture company. What should Evergrande do with Tencent?
The joint venture with Tencent is also to use Tencent's influence to expand Evergrande's brand influence. Although Evergrande keeps boasting about how many automobile production bases it has, so far, the automobile has not been released, and many media have issued a document suspecting that Evergrande is building an automobile enclosure, taking land from local governments at low prices, and finally engaging in real estate development.
Moreover, Evergrande Automobile is a brand-new company and has no experience in building cars. Although Xu Jiayin has recruited all kinds of talents from all over the world and acquired many companies, and claimed that its R&D strength is very strong, in fact, Evergrande still has a long way to go in building cars.
References:
At the interim results exchange meeting, Pan, financial director of Evergrande, said that in 20 19 years, Evergrande's investment in new energy vehicles was14.7 billion yuan; In the first half of 2020, it will invest 3 billion yuan, mainly including equity acquisition and R&D expenditure, and it is expected to invest 2.7 billion yuan in the second half, mainly equity acquisition. 202 1 The estimated investment is 9 billion yuan, including plant construction, land and research and development. Pan said that by 2022, Evergrande's total investment in the automobile sector will exceed 29.4 billion yuan.
At present, Evergrande has not completed mass production. In terms of production and marketing, its goals include: to achieve annual production and marketing of more than 6.5438 million vehicles by 2025, and to achieve annual production and marketing of more than 5 million vehicles by 2035, and strive to become the largest and most powerful new energy automobile group in the world.
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