Let's start the week with a little note about what might be. NEVS has a new major shareholder, Evergrande. And maybe you have to make friends with the possibility that electric cars will be built in the near future.
Of course, after almost 7 years of innumerable announcements, I am full of reservations. Everything is provided with at least 3 question marks, as well as the latest news from China. On the 16. In March, the Evergrande Group in Tianjin held its global, strategic summit of the New Energy Automobile Group. A major event and a huge stage for Evergrande founder Xu Jiayin.
The Press reports on 800 companies from home and abroad who were present as participants. Among them are prominent representatives of German suppliers, such as Winfried Herold, Vice President Division Chassis Technology at ZF. Xu Jiayin presented the plans of the group, which intends to become one of the largest providers of technologies for alternative drive vehicles in the next 3 to 5 years.
Of course, the future "backbone of the Chinese auto industry" does not yet have its own vehicle at the start. Evergrande's first electric car was announced on Saturday as operational from June. The media assume that it will be sold worldwide. Presumably this means the NEVS 9-3 EV.
Big stage in Tianjin to show strength
The main event in Tianjin served primarily to demonstrate strength. To impress subcontractors as potential partners, to send a message to Beijing, and to show that a big player is entering the stage. With its own battery manufacturing, NEVS and subsidiaries, the Evergrande Group forms the complete chain of added value from development to the consumer. Theoretically, this puts you in a good position. Forecasting what will happen and what it means for Trollhättan is currently impossible.
Too many questions about the strategic course are open, as well as the issue of long-term financing. Does the multiple billionaire Xu Jiayin have the necessary funds and does he enjoy the goodwill of the administration? Because the future depends not only on Evergrande, but also on the authorities. Koenigsegg, where NEVS will be the new shareholder and majority shareholder of a joint venture, expects to pay 300 Millionen € until the end of the month. We will report.