Evergrande Auto will start production early next year

Yesterday, the Evergrande Auto Group met with suppliers and representatives of the regional authorities in Tianjin. Evergrande Auto, it is clear, will not be able to keep to the original schedule. But the company has that

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NEVS looking for investors for the time after Evergrande

NEVS claims the company has the 9 lives of a cat. It will be seen in the coming months whether this is true. There have been enough difficult situations since 2012 that the Evergande crisis could die

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Not over yet - Evergrande Auto is concentrating activities in Tianjin

The Evergrande crisis is now attracting worldwide attention. Anyone who read the Saab blog on September 3rd was able to gain a knowledge advantage of more than 3 weeks. Evergrande Auto's secret emergency plan went

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Evergrande Auto Suspends Payments - Is It Over?

The last few days have seen a lot of drama for Evergrande Auto (HK 0708). The company stopped making payments to suppliers and employees. The share price developed accordingly and recorded high, double-digit losses. At the

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Hengchi 5 on the way - but will Evergrande ever produce cars?

Hengchi 5, a compact, fully electric SUV, is on the road in China. It is said to be the most advanced of all the vehicles newly developed by Evergrande. Ready for production if there ever is

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Situation at NEVS - Stefan Tilk on money, the Sion and Plan B

The situation at NEVS is once again difficult. They lay off a large number of employees and recently sold shares in a joint venture to Koenigsegg. The company is doing everything it can to cushion its Chinese owner's crisis

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Is that elegance? Hengchi 7 in series design on the way

More and more pictures of Hengchi 7, on the road on public roads, are appearing in China. Are we seeing a successful production or is it just a coincidence? Both would be possible and it is certain that an increased public presence

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The Evergrande house of cards collapses

Evergrande's multi-billion dollar house of cards is about to collapse. The administration in Beijing would like to avoid this, a reconstruction would be the better solution. It is questionable whether it will succeed. Because the whole country is collapsing the bubble

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Options dissolve - Evergrande Auto's future remains open

In China, the Evergrande Group is a big topic that is only slowly making its way into Europe. The future of the group remains open, the situation is complicated. In the last week, the credit rating was repeatedly downgraded.

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Evergrande Auto Hengchi 7 on test drives

No matter how negative the news is. Evergrande Auto's test drives continue. Hengchi 7 has recently been spotted on public roads. Number 7 is an attractively designed mid-range electric sedan, from the

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Evergrande Auto summer test with Hengchi 1, 3, 5, 6 and 7

Even if Evergrande Auto is not currently causing a headache at Tesla. You shouldn't write off the Hengchi brand and the billions in investments too quickly. On September 3, the Chinese officially ended the summer test cycle with Hengchi

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Koenigsegg AB ends joint venture with NEVS

Big changes in Sweden. Koenigsegg AB ends its joint venture for the production of the Gemera with NEVS. The company from Ängelholm buys back the 65% share of NEVS AB and takes over the joint venture

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Emergency plan - this is how Evergrande wants to drive a car out of the crisis

An automaker that doesn't build cars. That is not a good thing if you are desperately looking for investors. To get out of the crisis, Evergrande Auto would have to put electric cars on the road and prove that they can.

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Evergrande Auto can no longer keep to schedule

Production should actually have started in the 3rd quarter of 2021. In 2022, Hengchi brand electric cars should have been produced and sold in large numbers. The schedule can no longer be kept, like the Evergrande Group

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When billions disappear - Sono Motors stands by NEVS

The great arithmetic has begun in China. Billions in market value have been wiped out at Evergrande and the Auto Division in the past week. This is particularly unfavorable when it meets good friends who have just started

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