Evergrande healths name change did not surprise investors. As a platform for Evergrande group to develop new energy vehicle industry, Evergrande health has built a whole industry chain covering power battery, powertrain, advanced vehicle manufacturing, automobile sales and smart charging around the positioning of core technology must be world leading and product quality must be first-class. It has the worlds top core technology in all key links. In other words, the renaming of Evergrande automobile can better reflect the companys main business and core advantages, and be more discernible in the capital market.
In fact, new energy vehicles are the hottest topics in the capital market recently. The current market value of Tesla has reached US $262.8 billion (about HK $2037.1 billion), while the market value of Evergrande is only about one tenth of Tesla. It is generally believed by the industry that Evergrande has the potential to match Tesla and will be reflected in the market value in the future. For example, at present, Evergrande is developing 14 models at the same time, hengchi series models will appear in succession this year, while Tesla has only 3 models for many years. Meanwhile, Evergrandes capacity planning is far beyond Tesla, and the total planned production capacity in 2-3 years will reach 1 million vehicles / year.