On September 18, Evergrande Automobile (HK.0708) issued a morning announcement stating that it proposed to issue RMB shares and be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Once it is successfully listed on the Science and Technology Innovation Board in the future, it means that Evergrande will become a company listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange at the same time.

    However, regarding the proposed listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange, Evergrande also mentioned: “Since the issuance of RMB shares requires necessary regulatory approvals and may or may not proceed, shareholders and potential investors are Please be cautious when dealing with the company’s securities. The company will make further disclosures in accordance with the listing rules and other applicable laws and regulations regarding the development of the issuance of RMB shares in due course."

    Evergrande has made more capital arrangements recently. Just a few days ago, Evergrande Automobile announced that it would introduce Tencent Holdings, Sequoia Capital, Yunfeng Fund and Didi Chuxing and other well-known international investors to raise about 4 billion Hong Kong dollars. Evergrande Auto stated that the net proceeds from the fundraising will be used for general corporate purposes of Evergrande Auto, which can expand its shareholder base, strengthen its capital base, and enhance the Group’s financial status and net asset base, so as to promote the long-term development and increase.

"Hengchi 1"

    At present, Evergrande Motors is indeed in a period of rapid development. Since the world premiere of the first six vehicles, Evergrande stated that the first mass-produced car will be trial-produced in the first half of next year and mass production will be formally produced in the second half of next year; The automobile production base in Shanghai and Guangzhou have entered the equipment installation and commissioning stage; in terms of sales channels, Evergrande previously invested in the world's largest auto dealer Guanghui Group, which has more than 800 business outlets. In addition, Evergrande will also rapidly deploy vehicles Three major centers of display experience, sales, maintenance and after-sales service, establish a huge automobile sales channel and after-sales service network.

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    Since Evergrande Health changed its name to Evergrande Auto, the position of the automotive business in Evergrande Group has become a major growth key for the future development of Evergrande Group. In order to achieve the goal of "becoming the world's largest and strongest new energy automobile group in 3-5 years", Evergrande Motor obviously needs more financial support, and its capital deployment and promotion are indispensable.