Evergrande expansion with Pininfarina design

Although it seems superficially quiet, the expansion of Evergrande is going strong. Strange is only that the European media hardly took notice of it so far. What may be that it will take some time for the first products to come off the production line. The first effects of the expansion, however, are already felt by some companies. Evergrande is causing industry upheavals in the industry.

Pininfarina design for Evergande and NEVS
Pininfarina design for Evergande and NEVS. Photo Credit: Pininfarina

Pininfarina design for Evergande

On the 19. September visited Xu Jiayin Magneti Marelli and Pininfarina. The automobile expansion seems to be a matter of chief concern, relatively clear is the reason of the visit, when talking about Magneti Marelli speaks. The Marelli Group is one of the major suppliers in the international business when it comes to automotive components. By contrast, the visit to Pininfarina could be speculative. One of the finest old addresses in Italy when it comes to quality design. At the same time a hot name, which also starts to expand. Since its acquisition by the Mahindra Group, the company is in Indian hands, the owners appreciate the magic of the name. Under the legendary Pininfarina logo, a manufacturer of exclusive high-performance electric cars is being developed.

Xu Jiayin visits Pininfarina Design

In doing so, you rely on experienced employees. Jochen Rudat, longtime German Tesla boss, joins the 1. October to Milan and will lead the sales department. Evergrande also relies on the fine address. Pininfarina, Yicai Global reports via Twitter, will deliver the design for the new Evergrande Group vehicles.

A factory in Quingdao?

Another electric car factory could be the Evergrande Group in Quingdao. The city was already talking 2013 and 14, then it was still about one Saab factory, Evergrande has that reporting Caixin, in the spring 2019 400 acres of land reserved. In addition to a factory for electric cars should also be a production of batteries in the surrounding area. The project seems to be on hold, contracts have not yet been signed.

Eventually, Evergrande will take some speed out of its expansion. The company of Xu Jiayin builds capacities of 1 million electric vehicles a year. That may be visionary - or very courageous. Sales of battery electric cars in China are not developing as predicted. After the elimination of part of the subsidies, buyers remain restrained. Establishing a market with countless billions of subsidies when the right product and buyer wills are lacking seems impossible, even in a state-run economy. A lesson that Europeans should also consider with subsidies for electromobility.

Current example is NIO. The most successful domestic brand for electric cars sold in the August 2019 in China 2.976 units. Expected over the year, one hopes for 40 - 50.000 vehicles. Which is still a long way from the million plans of Evergrande.

Dislocations in the labor market

The expansion of the Evergrande group and the Chinese hunger for batteries are troubling Korean battery manufacturers. The Chinese, but also the Northvolt / VW joint venture, recruit specialists for research and development. They pay incentives up to three times higher wages, including the producers from Korea and Japan, reports the Korea Times, The race for the most qualified employees is running, there is a catch up to catch up. Not only at Evergrande, but also in Europe.

15 thoughts too "Evergrande expansion with Pininfarina design"

  • Looks like taste aberration from the vehicle. Target group of newly rich Chinese? MEGA-ugly the cart! Just what dulled nihilists like me are

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  • Again an exciting contribution. Like Tom, I also feel doubt. Everything on pump and in the dimensions? If this bubble bursts then there is a big bang.

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  • It seems to be emerging that the desire of governments, whether in China, in Germany or elsewhere, to allow only electrified vehicles is not fulfilled. Detached from whether electric mobility is good or bad. In addition a company which works extremely on pump! Confidence does not stoke that.

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  • "(...) blunted nihilists, as I am one."

    @Karl Hungus,
    delicious comment. I had to smile a lot. Whether you find "the cart" so "MEGA-ugly" that you win it over again, remains your secret and has Max Goldtsche quality ...

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  • Infrastructure

    @Gosh,
    Perhaps behind it (throttling and cessation of subsidies) is the insight of the Chinese state, that in the matter of electromobility, it is also the duty to take responsibility? And perhaps the state realizes that it can not and does not want to provide the necessary infrastructure in a timely manner?

    In Germany it is similar. An EV is almost only possible for homeowners with a possibility to charge on their own land (ie on the flat land or in the outskirts of the cities). Support programs for EVs have been repeatedly renewed due to lack of support.

    Is that supposed to be the traffic turnaround or is it just the wrong way?
    Maybe China sets on E85 tomorrow and lets us look stupid from the laundry?

    It would at least be a climate-effective immediate measure that does not require an infrastructural project of the century or even rare earths. Thanks to reader Ebasil, we all know that France is on this path. And thanks to Tom, we all know that in Germany a petition (https://www.openpetition.de/petition/argumente/e85-fuer-den-klimaschutz) to reintroduce E85.

    And those who have drawn them also know how shameful little signatures they have so far.
    But that will change hopefully ...

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  • @Herbert Hürsch
    Now there is definitely one more, but it is a pity that there is so little support in Germany. Either the topic can not hear any more, or it is simply not perceived in public, because it is mostly hushed up.
    The Chinese laugh at Europe or Germany in particular would be nothing new, see solar energy ec.

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  • @Gosh,

    Unfortunately, "hushed up" it is best.

    Repeatedly I encounter German motorists (taxpayers, citizens, spectators, readers and listeners of German media and the ÖR) who do not even know what E85 is ...

    A supersaturation (no one can hear) may be excluded as reliable.

    Also, I just happen to know about E85 or the French role model, because I am SAAB drive and read here and has instigated this for my own research. Otherwise, I would not have a clue.

    Not the least ...

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  • I wonder why the car industry does not pick up the ball, but unconditionally runs after the Elektrohype!

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  • I would not call it unconditional. Many states are already compelled to do so. The abolition of E85 in D was just one of many puzzle pieces in a colorful, broad and global obsession-line ...

    Once again, there is no alternative - a rare stupid word when it comes to, or at least should, exploring opportunities and alternatives.

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  • @Saab900II,

    Many manufacturers have had or still have Flexi Fuel Vehicles (FFVs) with corresponding engines in the program. From A like VW and Dacia to Z like Audi, Opel, Volvo, Koenigsegg or Bentley ...

    That may be alphabetical nonsense, but the point is that the technique is not a problem. And the manufacturers operate the corresponding markets where E85 is available, some with FFVs and even used gasoline are converted in France in large numbers for small money and without any problems to the FFV ...

    For a SAAB anyway usually no problem. The Swedish company MapTun realizes, for example, the sg BioPower Convert from around 300, - €. For example for a 9-5 AERO Bj. 2008.

    Between the advantage of CO2 or nitrogen oxides fuel E85 and man & environment, in fact, only the state and its (fiscal) consideration, medium term prefer to collect fuel tax and want to set in the long term on the electromobility. It is actually so banal and therefore so annoying ...

    From a technical point of view, nothing speaks against E85 and its octane number from 105.
    From the point of view of people and the environment, a lot speaks for him.

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  • @ Gosh

    It is just because of the conditions, or the applicable laws and regulations, why alternative fuels with renewable content for the vehicle manufacturers are no longer an issue.

    One of the biggest problems for manufacturers is to comply with current and future carbon limits. And in the motor homologation they get no bonus if the vehicle can be operated with renewable, or partially renewable, fuels.

    For plug-in hybrids and e-vehicles, however, there is a calculated carbon dioxide bonus for the fleet consumption of manufacturers in the EU (the carbon dioxide share of power generation is not taken into account), which can compensate for highly motorized luxury and sports cars. The fleet consumption is calculated not only from the model range, but also from the registration numbers, which is why the manufacturers also have to watch to sell these vehicles to benefit from the electric bonus.
    And that is precisely why vehicle manufacturers propagate electrified vehicles on a broad basis.
    Of course, hybridization, even without a plug, already brings efficiency advantages, especially in the city.

    The only others they can address to use alternative fuels are vehicle users. That's why, for example, Audi is still involved in the production of e-gas (synthetic natural gas from carbon dioxide and solar hydrogen) for its natural gas vehicles. And one or the other municipality has converted the municipal fleet to CARE-Diesel (diesel produced from vegetable & animal oils & fats) because it sees an environmental benefit.

    However, these users are more idealistic or environmental and less financially motivated relatively small groups that are relatively uninteresting to large manufacturers. Therefore, the situation is just as it is.

    PS: Fun-Fact marginally, there was and still is not a definite E85 fuel for the homologation of flex-fuel vehicles in the EU. That was one of the problems faced by E85 aftermarket manufacturers as it did not have E85 approval tests, so of course no flex fuel vehicle from E85's major OEMs was certified for EXNUMX, but only for gasoline. So much for regulatory anger in Europe ...

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  • That's me, yes
    Eig would be good for everyone

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  • @StF,

    this is (again) well researched and summarized.
    For me clearly an enlightening reading pleasure with some new aspects.
    Please continue like this ...

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  • Thank you for the detailed answer! Now it comes to my mind and gives me (un) sense for me

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