After breaking up with Jia Yueting, Xu Jiayin continued to build a car. In just one month in January 2019, Evergrande registered six car companies in the “old place†Guangzhou Nansha.
Tianyuechao showed that Evergrande New Energy Automobile Holdings (Hong Kong) Co., Ltd. (hereinafter referred to as "Hong Kong Company") registered on January 8, and then on January 25, Evergrande Guoneng New Energy Automobile Group Co., Ltd. (hereinafter referred to as " Guoneng New Energy" is registered as a wholly-owned subsidiary of the Hong Kong company with a registered capital of US$2 billion. Three days later, Guoneng New Energy registered four wholly-owned subsidiaries on January 28, namely Shentao Life Service (Guangdong) Co., Ltd., Evergrande Guoneng New Energy Vehicle (Guangdong) Co., Ltd., Evergrande Guoneng New Energy Automotive Technology (Guangdong) Co., Ltd., Evergrande Guoneng New Energy Vehicle Sales (Guangdong) Co., Ltd.
According to the data, the above-mentioned company's business scope is all around the car, including auto parts and accessories manufacturing, computer technology development, technology import and export, and import and export of goods. The company name of Shentao Life Service (Guangdong) Co., Ltd. seems to have nothing to do with the car, but its business scope includes car retail, car sales and technology import and export, in addition to the family service industry.
The legal representatives and senior executives of the above six automobile companies are Liu Jun, Liu Hao and Wang Quanxi. It is understood that in August 2018, after Evergrande and FF established Evergrande Faraday Future Smart Vehicle (China) Group (hereinafter referred to as "Hengda FF"), Xu Jiayin also sent the above-mentioned three generals as vice presidents. In addition, the above-mentioned companies are registered in the Nansha District of Guangzhou, where the Evergrande and FF car factories landed, and Xu Jiayin "the place where the car dream began."
At the end of 2018, due to financial differences, Xu Jiayin and Jia Yueting were behind the establishment of Evergrande FF for a hundred days. On December 31, 2018, the farce came to an end, and Evergrande and FF finally reached a settlement.
After the separation of Jia Yueting, Xu Jiayin’s dream of building a car was not extinguished.
In January of this year, Evergrande spent $930 million to acquire a 51% stake in Swedish electric car company NEVS and won a majority of board seats. NEVS is a Swedish-based global electric car company focused on smart mobility. At present, two pure electric vehicle models that have reached mass production conditions have been developed. They have the production capacity of Trollhättan in Sweden and the production base in Tianjin, China, and are preparing to build a production fund in Shanghai.
On January 29, Evergrande Health announced again that Evergrande NEVS signed a joint venture agreement with the super sports car company Königsegger to set up a project company, with Koneseg holding 35% and NEVS holding 65%. NEVS total investment 150 million US dollars. The announcement shows that the project companies established by the two parties will develop and manufacture "the world's top new energy vehicles".
Despite this, a senior industry researcher from a private equity fund in Shenzhen told the Securities Daily that electric vehicles are a technology-intensive, capital-intensive industry. From the practice of Tesla, the leading company in the electric vehicle industry, it is necessary to succeed. It is no easy task.
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