Certain things are done a little faster elsewhere than in Germany - especially in China and especially at Evergrande Auto. The new Evergrande-Hengchi factory in Nansha (Guangzhou) is in trial operation. It has been completed in parts, and all work should be completed by the end of the year. Production will start in 2021. It can be assumed that Evergrande will stick to the schedule.
The tour of the invited media representatives through the Nansha factory is impressive. As usual in China, it is part of a production. Where yesterday there was still mud and earth, today there is a freshly paved driveway, which is embellished with the inevitable flower decorations in the country. Visible walls keep eyes away from unfinished sectors. But in the end, these are small foods, other things count.
The plant is equipped with 2.545 intelligent robots according to industry standard 4.0. Evergrande Auto buys what is good and leading worldwide. The robots are supplied by Kuka and the Japanese world market leader Fanuc, the fully automatic production line comes from Dürr. And the state-of-the-art monoblock servo presses with MMS systems are controlled by equipment suppliers Student at.
Evergrande's earnings collapse
The investments are substantial and the Evergrande Group will need staying power over the next few years. But the pandemic is also leaving its mark on the Group's books. The company warns that earnings could collapse by as much as 46% year-on-year. The reasons are also, but not exclusively, the ongoing high level of investment in the automotive industry. In order to strengthen liquidity, the Evergrande Group is taking a number of measures and adjusting the portfolio. Properties that have been leased from companies are being sold. The role as lessor is no longer part of the core business.
The highly profitable Property Management will be partially listed on the Hong Kong Stock Exchange. Evergrande expects sales of around 2 billion US dollars. It remains to be seen whether that will be enough to keep up the pace of investment. If it succeeds, then in the end there will be a challenger for the established providers. One that will be able to flood the market with electric cars at a low cost.
Fully automated production according to industry standard 4.0
Evergrande is investing in a fully automated car factory in Nansha, which operates 24 hours a day, 365 days a year and can deliver consistent quality. High production efficiency at low costs should guarantee global competitiveness. If the Nansha factory is fully expanded, one vehicle per minute could theoretically roll off the production line.
The trial run is currently running in some sections. New cars are produced, but it is expressly not intended to be Hengchi 1. The vehicles were heavily camouflaged at the time of the press conference, but the bodyshell and a look at the headlights suggest that this could be an offshoot of the earlier Saab 9-3. It was announced by him that it would only be produced in China for internal purposes.
The camouflage is understandable. What Evergrande doesn't want is the headline that vehicles are being produced on a 2-decade-old basis. So the last lap that the earlier Saab 9-3 turns will be the test run in Nansha.
Evergrande sets standards
The Evergrande Auto Plant in Nansha is approaching completion in great strides and is setting high standards. In Sweden, the takeover of NEVS should be completed in September. After a look at the Chinese factory, the legitimate question arises as to what could happen in Trollhättan.
The status is clear. The former Saab factory is not ready for production and in no way meets industry standard 4.0. A larger investment would be the logical consequence. Because the plant, as a strategic bridgehead in the EU, will be important for the future of Evergrande Auto.
Photos: Evergrande Auto 7/7