The corona situation is delaying plans. The development of the new electric cars from Evergrande and NEVS has remained calm in recent months. Short-time work has been announced for Trollhättan until June, and activities in China are now starting up again. Evergrande is now deepening its cooperation with the Benteler Group.
Front and rear axle modules from Benteler
With the acquisition of the Benteler Chassis architecture 3.0 in September 2019, Evergrande gained access to what is probably the most modern architecture for battery-electric vehicles on the market. A few days ago, Benteler received another larger one assignment from China. The service provider also develops the front and rear axle modules for electric middle and upper class vehicles from Evergrande.
Details of the schedule and scope of the order were not disclosed. Evergrande's first electric car, called “Hengchi 1”, was due to be launched in the first half of 2020. It is likely that, due to the current COVID-19 situation, the presentation will be postponed to a later date in the year.
All major auto shows in China have been canceled or rescheduled. However, it is still unclear whether they will actually take place. Another uncertainty is the development of the markets in the future. In the Middle Kingdom, new car sales are starting surprisingly well. It remains to be seen whether this development will be sustainable. The sale of vehicles with purely electric drives is also questionable, and is developing cautiously despite extended subsidies.