Firmly build a car without wavering!

After breaking up with Jia Yueting FF half a month ago, Hengda immediately spent US$930 million (about RMB 6.3 billion) to acquire 51% of the Swedish-based global new energy smart car group NEVS and obtain a majority of board seats, firmly walking down the road of new energy vehicles.

NEVS car originated from Saab, which has been well known in the automotive industry. In 2012, NEVS successfully acquired the core assets and intellectual property rights of Swedish Saab Automobile Company, which has a 75-year history. It inherited Saab's brand gene of "human-vehicle integration and ground-to-ground flight" and its profound technical background from Nordic Europe.

After reconciliation with Jia Yueting, Hengda Group retained Nansha Automobile Base in Guangzhou, which means Hengda will continue to build cars. Now Nansha Base can be used again.

Hengda Group and its helmsman Xu Jiayin are so committed to new energy vehicles, which shows great promise for the broad prospects of the industry!

Evergrande acquired NEVS as the largest shareholder

Later today (January 15), Hengda Health Bulletin, a Hong Kong-listed company owned by Hengda Group, said it had successfully acquired 51% of NEVS, a global electric vehicle company, for $930 million (about 6.3 billion yuan) and won most of its board seats.

Among the specific terms, the total cost of $930 million is paid in two phases: the first phase of $430 million was paid on or before January 15, 2019, and the remaining $500 million was paid on or before January 31, 2019.

Saab and the world's leading autopilot Technology

The announcement shows that NEVS is a global electric vehicle company headquartered in Sweden, committed to becoming a global leader in sustainable shared intelligent travel ecology.

NEVS is most familiar with its successful acquisition of Swedish Saab Motor Company in 2012, which has a 75-year history. It inherits Saab's brand gene of "human-vehicle integration, ground-to-ground flight" and deep technical background from Nordic countries. It began to lay out new energy vehicles in 2012, and quickly occupied the leading position in the industry.

Saab's automotive technology originates from aircraft technology: Swedish Saab Auto was born in a military aircraft manufacturer. It applies aircraft manufacturing technology and experience to automotive production and is famous for its excellent technical performance and safety performance.

NEVS Swedish R&D Center and Production Base

Sweden has the world's leading research and Development Center for electric intelligent vehicles, with more than 500 global research and development teams, a diversified international management team, and more than 1800 employees.

The intellectual property rights independently developed by NEVS cover the fields of "three-power" power system, vehicle networking, production and manufacturing, such as battery cooling system, vehicle safety system and vehicle air purification system, which are world-leading technologies.

(1) The research and development platform of the pure electric vehicle of the Phoenix series, which has completely independent intellectual property rights, has countless forward research and development capabilities of the pure electric vehicle.

(2) The world's leading automatic driving technology has achieved mass production applications.

NEVS has three production bases and capacity

It is worth noting that NEVS has the capacity of mass production and delivery. At present, two pure electric vehicle models have been developed to meet the mass production conditions. The first mass production vehicle model has been delivered in batches in 2018.

NEVS production capacity and qualification:

(1) Two pure electric vehicle models have been developed to meet the production requirements.

(2) The production base of Trolhetan, Sweden, and Tianjin, China, which have reached the capacity of production, is being prepared to build a production base in Shanghai.

(3) At present, it is one of the ten enterprises that have been approved by the State Development and Reform Commission and the Ministry of Industry and Information Technology for the qualification of new energy vehicles.

In addition, from this year, NEVS will launch SUV, car racing, urban commuter vehicles and other new energy automotive products around the world to meet the rapid growth of different market demand.

It is reported that the vehicle manufacturing base of Nansha, Guangzhou, retained by Hengda Group will become the fourth production base of NEVS and the third production base in China.

Why does Hengda have to build cars?

In recent years, many housing giants have already diversified their layout. Hengda firmly chose the road of car building, industry insiders said, may be to see changes in the automotive industry and technology industry.

From several sets of data, we can see the vigorous development momentum of the new energy automobile industry:

1. Ministry of Public Security: In 2018, the total number of new energy vehicles in China reached 2.61 million, accounting for 1.09% of the total number of vehicles. Compared with 2017, the number of new energy vehicles increased by 1.07 million, an increase of 70.00%. Among them, the total number of pure electric vehicles is 211,000, accounting for 81.06% of the total number of new energy vehicles. According to statistics, the number of new energy vehicles has increased by an average of 500,000 annually in the past five years, showing an accelerated growth trend.

2. Ministry of Industry and Information Technology: In 2018, China's production and sales of new energy vehicles reached 12.77 million and 1.256 million respectively, ranking first in the world for four consecutive years.

3. CAAC: In 2018, the production and sales of new energy vehicles in China increased by 59.9% and 61.7% respectively, with 986,000 pure electric vehicles and 984,000 pure electric vehicles increasing by 47.9% and 50.8% respectively. This is the first time that China's sales of new energy vehicles have exceeded 1 million.

4. Joint committees: In 2018, the total annual sales of new energy vehicles reached 985,000, an increase of 88.9% over the previous year.

5. Recently, Wangang, Vice-Chairman of the CPPCC National Committee and Chairman of the China Association of Science and Technology, disclosed sales data of new energy vehicles. In 2018, the global sales of new energy vehicles exceeded 2 million, and China's sales of new energy vehicles reached 1.256 million, accounting for 4.4% of the total automobile sales. By the end of 2018, the total global sales of new energy vehicles had exceeded 5.5 million, and China accounted for more than 53%.

The acquisition of NEVS, Hengda said, has two meanings:

(1) New energy vehicles are the key areas of the new round of scientific and technological revolution and industrial transformation. Hengda adheres to the layout of new energy vehicles, actively participates in promoting the transformation of the global automotive industry and the development of the shared economy based on new energy vehicles, and makes due contributions to the protection of the environment.

(2) Hengda is actively expanding its high-tech industry, focusing on new energy, artificial intelligence, robotics and other fields. The new NEVS signifies the further transformation of Hengda's high-tech industry. The cooperation between the two sides fully reflects complementary advantages and resource sharing.

Hengda not only devotes itself to car building, but also sells cars. Data show that Hengda is the second largest shareholder of Guanghui Group, and Guanghui Automobile is the largest automobile dealer in the world. This means that Hengda has opened up the industry chain in the field of new energy automobiles and built up a perfect system of channels, sales and services.

Hengda's health market value is about 130 billion yuan

As the main body of NEVS acquisition, Hengda Health continued to climb after reconciling with Jia Yueting during New Year's Day.

On December 31, Hengda Health Bulletin said that it had "separated peacefully" with Jia Yueting. Then stock prices continued to rise.

In half a month, Hengda Health's share price has risen from HK$10.4 to the latest HK$14.82, up more than 45%, and its market value has reached HK$128 billion.

Readers of the Foundation are all reading it.

Previous:Unfinished business of new energy vehicles: endurance and battery safety issues to be solved/