Evergrande Automobile responded to the rumor of mergers and acquisitions

Economic Observation Network reporter Zhou Ju "The company has been actively introducing strategic investors. As of now, there are both local governments and many powerful companies expressed their investment intentions to Hengchi Automobile, and there is no merger." Liu Yongzhuo, president of Chi Automobile, responded to the reporter of the Economic Observation Network in writing and responded to the news of Hengchi Automobile's acquisition.

According to interface news reports, Evergrande Motors may be acquired by another car company, and the merger and acquisition belongs to government behavior. At present, all parties are still deadlocked. Liu Yongzhuo denied the news.

According to reporters from the Economic Observation Network, the rumors that may be acquired by Evergrande cars are not completely without signs. On the one hand, Evergrande Group is in a state of capital tensions, and on the other hand, Evergrande Group has had the willingness to shoot Evergrande Automobile before.

In August last year, Evergrande issued an announcement saying that the company is exposed to several potential independent third -party investors to explore some of the assets of the company, including but not limited to the sale of China Evergrande New Energy Automobile Group Co., Ltd. Part of the equity of Evergrande Property Group Co., Ltd..

In addition, Liu Yongzhuo also denied that "the Tianjin plant will also stop working on August 18". "This is a rumor! At present, the production of the Tianjin plant is normal, and the Hengchi 5 mass production is in an orderly manner. More than 1,800 employees are fighting at the front line of the Tianjin factory to ensure that mass production in September and in October began to be delivered in October." Liu Yongzhuo said.

The interface news quoted a person familiar with the matter in the report that last week, the relevant personnel of the purchase of Evergrande's financial management, real estate, and Hengchi suppliers entered the Hengchi Tianjin Factory's assembly workshop to defend their rights, which led to production shutdown and insufficient preparation. The work was stopped on August 18. "Now all suppliers are unwilling to cooperate with Evergrande. Now Evergrande talks with anyone, it is all the full paragraphs."

Regarding the cooperation between Hengchi Automobile and suppliers, Liu Yongzhuo said, "We have always maintained good communication with suppliers, have received strong support from major suppliers, and cooperate well with suppliers."

At present, Evergrande's first product Hengchi 5 has been listed on sale and is expected to be delivered in October. On July 6, Evergrande Automobile announced that its Hengchi 5 officially opened pre -sale. On July 20, only 14 days later, Hengchi Motor announced that Hengchi 5 pre -sale orders were 37,296. Later on August 6, Hengchi official public account disclosed that Hengchi 5 has "set up nearly 40,000 pre -sale achievements".

However, because Hengchi 5 had previously delayed "precedents" in the quantity stage, the industry is now concerned about whether its delivery can be carried out on time. In May of this year, Hengchi Motors stated that due to the impact of the epidemic, Hengchi 5 was originally scheduled to be adjusted on June 22, 2022 to September 20, 2022. After the pre -sale was finally started, Hengchi Automobile announced that it would begin delivery from October.

According to the financial report of Evergrande Automobile (00708.HK), in 2018, 2019 and 2020, Evergrande's losses have increased year by year, with 1.429 billion yuan, 4.426 billion yuan, and 7.394 billion yuan, respectively. In 2021, Evergrande's annual financial report was not released on time, but in the first half of 2021, Evergrande Automobile lost 4.787 billion yuan. Since the establishment of Evergrande Motor, the cumulative loss has exceeded 17 billion yuan. However, according to Evergrande New Energy's investment projects in the past, the cumulative investment has reached nearly 50 billion yuan.

At present, Evergrande's liabilities remain high. As of the end of June 2021, its total liabilities had reached 1.97 trillion. In addition, more than 4,000 yuan in business tickets for suppliers had more than 4,000 yuan in debt, and Evergrande's total liabilities had reached 2.5 trillion yuan.

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