The plans become more concrete. Evergrande's first electric car, the Hengchi 1, is on 1. Half-year 2020 presented. The series production launches 2021, it should form the prelude to an offensive with at least 15 new vehicles. Evergrande plans with a huge billion investment to push ahead of the mobility providers.
In addition one offers everything up, which has rank and names in the industry. At the beginning of the week Evergrande in Guangzhou invited to a car summit with 206 well-known suppliers from all over the world. The company speaks in one press report from an "epic" summit never seen before in this form. In fact, the size of the investment and the consistency with which to bring the best designers and suppliers on board is impressive. The fact that there will be a total of 10 factories supplying a huge market along the Silk Road between the Swedish city of Trollhättan and Guangzhou hardly matters as a detail. As well as the announcement, also to build 1.000 supercar together with Koenigsegg.
Evergrande against Tesla and VW
The media response yesterday was tremendous. However, the comments, which put a question mark behind the plans, are also increasing. The electric car market in China is developing less well than planned, and electric mobility is still in its infancy in Europe. From the mass market, but above all from the profitability, one is still far away. At the same time, new vehicles are coming onto the market. Tesla is planning a German factory and will produce 2021 model Y in Germany, at Volkswagen begins an electric car offensive. But the biggest uncertainty is the customer himself. Will he enthusiastically jump on the electric train or will he refuse?
The recent development in China could be thought-provoking. With the slow phasing out of subsidies, the market for battery electric cars has been in reverse for months now for 4 months. In October, registrations for 45,6% fell to only 75.000 units. However, compared with the previous year, it is still up at 10,2%.
Is Hengchi 1 being built in Trollhättan?
There are no details for Hengchi 1 yet. Behind the name could hide a sports car with genes of Koenigsegg. It can just as well be an electric SUV or any other form.
Exciting from SaabBlog's point of view is the further development in Trollhättan alone. If 2021 cars are built in Sweden, will the product convince and continue the tradition of the site? Will the Saab factory at Göta Älv be just another Chinese car factory, or will any of the Saab heritage survive? The questions are open and they will stay there for a few more months. Your answer can be interesting, but not necessarily.