-With an investment of 47.4 billion yuan and a sharp drop of 95%, is Evergrande Automobile really going to be unable to sustain itself?

With an investment of 47.4 billion yuan and a sharp drop of 95%, is Evergrande Automobile really going to be unable to sustain itself?
author:enerbyte source:本站 click331 Release date: 2023-03-27 10:38:52
abstract:
After allowing the bullet to fly for a long time, Evergrande's breaking storm eventually burned to the most embarrassing position. After all, it has proved a truth that diversification is good, but once the pot cover is not enough and cannot be covered, the problem becom...

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After allowing the bullet to fly for a long time, Evergrande's breaking storm eventually burned to the most embarrassing position.

After all, it has proved a truth that diversification is good, but once the pot cover is not enough and cannot be covered, the problem becomes serious. Therefore, we should invest heavily in Evergrande and set a lofty goal of producing and selling 5 million Evergrande cars in 10 years, which cannot be sustained.

Up to now, the market value of Evergrande Automobile is about HK $29.1 billion, equivalent to RMB 24.2 billion, down 95% from the peak of 600 billion. However, the current market value of Jia Yueting's FF is about US $3.5 billion (22.6 billion), which is not much different.

According to the data, the amount of money invested by Evergrande in Evergrande Motors has exceeded 47.4 billion yuan, which means that the market value is only about half of the investment amount.

In fact, why is Evergrande so worthless? The reason is based on Evergrande's own data. As of the end of June, Evergrande Automobile's total assets were 165 billion yuan, with a total of 153 billion yuan; The total loan amount is 35.997 billion yuan, and the net asset is - 24 billion yuan after calculating the value.

We understand that Evergrande Auto has been displaying its image as a local tyrant since its establishment, which is the image of constantly spreading coins and making high-profile global purchases, buying all the way without sacrificing money.

After investing tens of billions of real gold and silver, Evergrande apparently has the capacity to develop, manufacture, and produce complete vehicles, as well as sales channels, battery factories, charging pile companies, and after-sales services. Progress has been rapid.

At this time, Evergrande seems to have confidence too. It has launched nine models at one go, fully covering the A-class, B-class, C-class, and D-class automotive markets, and has begun to chant slogans, claiming to strive to become the world's largest and strongest new energy vehicle group within 3-5 years, achieving an annual production and sales of 5 million vehicles within 10 years.

And the market value has also been rising all the way, with a peak of over 600 billion. A company that has not produced a single car has a market value of over 600 billion, which is shocking to think about.

Now Evergrande Group is thundering. Of course, this Evergrande car can't support itself without the financial support of Evergrande Group. For a car company, the most important thing is production and delivery. As long as it doesn't deliver for one day, no matter how big the goal, how far the ideal, and how high the market value are, it is a foam after all.

People who used to engage in the real estate industry have a typical particularity, that is, how bold they are and how productive they are. However, this set of methods is not feasible in car building, and it is even more important to move forward solidly in car building. Buying is difficult to buy their own core technology.

Of course, as the saying goes, dreams still need to exist. What if they come true? Therefore, in my heart, I still hope that Evergrande Automobile can realize this dream sooner, achieve production and sales of 5 million vehicles as soon as possible, and become the world's top new energy vehicle manufacturer. That will be a myth in the field of new energy vehicles in China, and even in the global new energy vehicle field.

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