The introduction of HK $26 billion investment in Evergrande cars will accelerate the layout

A few days ago, Evergrande Automobile (00708.HK) issued a notice to announce that according to the average closing price of the previous five trading days at a discount of 8%, the placement of 952 million new shares to six investors, a total of 26 billion Hong Kong dollars (about 217.3794 billion yuan), becoming another large-scale equity financing in the new energy vehicle industry.

Proceeds from this subscription will be used to strengthen the company's technology research and development, production investment, debt repayment and general corporate purposes in the new energy vehicle industry.At present, Evergrande has 10 production bases around the world, and 14 models have been developed simultaneously, of which 6 models have been released.In addition, Evergrande is preparing to build three centers of display experience, sales, maintenance and after-sales service, including 36 display experience centers and 1600 sales centers.Evergrande Automobile also said that with RV Bao platform has 21.62 million people brokers, 30,000 offline sales centers, the future will build a huge online and offline sales network.Evergrande Automotive's Hengchi series of products will start trial production in the first half of this year, and mass production will begin in the second half.