The plans take shape. Evergrande's first electric car, the Hengchi 1, will be presented in the first half of 1. Series production will start in 2020; it should mark the start of an offensive with at least 2021 new vehicles. Evergrande is planning a huge billion-dollar investment to advance to the top of mobility providers.
In addition, you offer everything that has a reputation and a reputation in the industry. At the beginning of the week, Evergrande hosted an auto summit in Guangzhou with 206 well-known suppliers from all over the world. In a press release, the company speaks of an “epic” summit that has never been seen in this form before. In fact, the size of the investment and the consistency with which the best designers and suppliers are brought on board is impressive. The fact that there will be a total of 10 factories supplying a huge market between the Swedish town of Trollhättan and Guangzhou along the Silk Road is hardly a detail. Likewise the announcement that another 1.000 super sports cars will be built 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. Will cars be built in Sweden in 2021, will the product convince and continue the tradition of the location? Will the Saab factory on Göta Älv just be another Chinese car factory, or will some of the Saab legacy survive? The questions are open and will remain so for a few more months. Your answer may or may not be interesting.