Evergrande has fallen behind in the field of new energy vehicles.

On March 15, Evergrande Health (00708.HK) issued an announcement stating that it would acquire 70% of the shares of Tate Electrical Co., Ltd. for 500 million yuan. Tate Electromechanical holds 100% of the shares of Dutch e-Traction company, which has internationally advanced in-wheel motor technology.

e-Traction was founded in 1981 and is headquartered in the Netherlands. It is a R&D and production enterprise for in-wheel motors and electric vehicle transmission systems. The technology has been developed to the third generation and has 6 major combinations of over 200 patented technologies, covering electric drive power systems. The key elements of this.

As Tate’s technology and product R&D center, e-Traction currently has production layouts in the Netherlands and China. Since 2009, its products have been applied on bus lines in 14 cities in 8 European countries. At present, there are a total of 5 companies producing in-wheel motors in the world, but only Tate has the conditions for commercialization.

In-wheel motor technology is also considered to be a change in the driving mode of automobiles, representing the development direction of the automobile industry, and also promoting breakthroughs in the fields of intelligence, power transmission, and cruising range for new energy vehicles.

Tate’s existing products already have some advantages. Under the same mileage, its in-wheel motor drive technology saves 40% of electricity consumption than the current central motor drive technology used in mainstream new energy vehicles. It can also increase the vehicle space utilization rate and reduce the design cost, manufacturing cost, and maintenance cost of the car. .

The acquisition of in-wheel motor technology is another important layout of Evergrande in the field of new energy vehicles, which means that it has further opened up the entire industry chain in the field of electric vehicles. Ever since it announced its entry into the new energy vehicle field, Evergrande has been gradually improving all key aspects of vehicle manufacturing through a series of acquisitions.

On January 15, 2019, Evergrande first controlled NEVS, a Swedish electric vehicle manufacturer, for US$930 million, thereby obtaining Saab-related automotive technology and an electric vehicle research and development platform, and thus has the ability to develop, manufacture and mass produce electric vehicles.

Then, on January 24, Evergrande acquired a 58.07% stake in Shanghai Canai New Energy Co., Ltd., a new energy vehicle power battery manufacturer, for a total price of 1.06 billion yuan, and mastered the power battery hub technology.

Five days later, Evergrande established a joint venture with Koenigsegg, a world-renowned sports car brand, to jointly develop and manufacture the world's top new energy vehicles. Xu Jiayin, Chairman of the Board of Directors of Evergrande, also personally visited the Koenigsegg headquarters in Sweden for an inspection.

Through this series of acquisitions, Evergrande now has new energy vehicle R&D and manufacturing capabilities, from power battery technology, to this wheel hub motor drive technology, and previous vehicle R&D and manufacturing technologies. Evergrande has a solid foundation. I believe that with the help of these advanced technologies, Evergrande will be one step closer to accomplishing the dream.

Evergrande’s investment in the field of new energy vehicles began in June last year. In less than a year, Evergrande’s public investment has been close to 30 billion yuan, which is compared with other capital parties that have announced their entry into the field of new energy vehicles. , Not only the amount of investment is higher, but the determination is also obviously greater.

Judging from the specific technologies owned by these acquired companies, Evergrande seems to have a clear goal for every investment in new energy vehicles, which is to lay out around the key links of new energy vehicles. At the same time, it is to invest in Guanghui Group. In order to spread the distribution channels and prepare for the future circulation links.

In addition, NEVS is located in Trollhättan, Sweden, and the three major production bases in Tianjin and Shanghai, China. Evergrande is fully equipped for the large-scale production of new energy vehicles.

At present, Evergrande already has a batch of central technologies in the field of new energy vehicles. I believe that with Evergrande’s determination, their car-making dream can be further improved.