On the evening of March 22, Xu Jiayin, chairman of the board of directors of Evergrande group, did not attend the global investor teleconference held by China Evergrande (03333. HK), but participated in the mobilization meeting of "working hard for three months to achieve hengchi 5 mass production" held by Evergrande new energy automobile group. "The automobile group will work hard day and night for three months. On June 22, we must realize the mass production of hengchi 5 and lay a solid foundation for the healthy and sustainable development of Hengda automobile industry." Xu Jiayin said. Image source: provided by the enterprise Insider: the new car will be launched this year Launch and delivery in the third quarter Recently, in the licensed road motor vehicle manufacturers and products (batch 353) issued by the Ministry of industry and information technology, hengchi pure electric multipurpose passenger vehicle hde6470 (hengchi 5) of Hengda new energy vehicle (Tianjin) Co., Ltd. ranked among them. This means that hengchi 5 has passed the one month publicity period of the new car of the Ministry of industry and information technology and is qualified for sales. "At present, Tianjin production base has begun to produce hengchi 5, which is expected to officially open pre-sale in the second quarter of this year." An insider close to Evergrande Motor said in an interview with the reporter of daily economic news that the new car will be launched and delivered in the third quarter of this year. It is worth mentioning that as early as the beginning of this year, Evergrande automobile began to recruit sales consultants with sales experience in the automotive industry at a base salary higher than twice that of the industry. According to the recruitment Posters Released by Evergrande automobile, the auto sales consultants recruited by Evergrande automobile work in 15 cities, including Beijing, Shanghai, Guangzhou, Tianjin, Shenzhen, Zhengzhou, Hangzhou, Chengdu, Chongqing, Wuhan, Nanjing, Changsha, Xi'an, Hefei and Haikou. Moreover, hengchi brand sales channels have also begun to be built, and it is planned to build the first batch of hengchi exhibition and experience centers before hengchi 5 opens pre-sale. It is reported that hengchi brand plans to build 36 hengchi exhibition and experience centers, 1600 hengchi sales centers and 3000 self built and authorized maintenance and after-sales service centers. Xu Jiayin once proposed that by 2025, the company's automobile production and sales target should exceed 1 million; By 2035, its production and sales will exceed 5 million. Evergrande's overseas direct debt is about US $21.7 billion In addition, at 9 p.m. on March 22, China Evergrande, which had been suspended for two days, held a global investor conference call. The company's senior management team made necessary explanations on the recent operation progress and the promotion of debt restructuring. The meeting was attended by Sean, executive director of China Evergrande group, Liang Linlin, non-executive director and Huang Xiangui, vice president (president of Hong Kong company). According to the first financial report, Sean, the executive director of Evergrande, revealed that since the first creditor teleconference was held on January 26 this year, the company has spared no effort to stabilize production and operation, actively communicate, gather all forces, promote relevant work, focus on assessing the financial situation on the basis of efforts to resume production and ensure the delivery of buildings, and strive to put forward a debt restructuring plan by the end of July. According to the data disclosed by Sean, Evergrande's overseas direct debt is equivalent to about US $21.7 billion (including US $14.2 billion of overseas bonds of the main company, US $5.2 billion of overseas bonds of a subordinate company, US $3.3 billion of private financing and project financing, etc.). It was revealed that as of March 22, Evergrande and the intermediary team had communicated and listened to opinions with 89 overseas bond institutions and individual creditors through the online platform. As for the way of rescue, Evergrande said that it was trying to contact third-party investors to promote the restructuring of Evergrande property (06666. HK) and Evergrande automobile and the introduction of strategic investors, so as to maximize the interests of all parties. Subsequently, Evergrande will disclose major progress in a timely manner according to its work and the requirements of the Hong Kong stock exchange. In addition, Sean said that during the review of the 2021 financial report, the company found that Evergrande property had about RMB 13.4 billion in deposits, and the pledge deposit provided to third parties had been enforced by relevant banks. In order to protect the right to know and supervision of minority shareholders and creditors, Evergrande property will establish an independent investigation committee and appoint experts to investigate the pledge guarantee. China Evergrande will also set up an independent investigation committee to conduct relevant investigations, and will announce the progress and results of the investigation in a timely manner. Because the epidemic affects the audit work of the audit institutions, China Evergrande, Evergrande property and Evergrande automobile are expected to delay the publication of the 2021 annual performance report. The three companies will resume trading as soon as possible. (Xinhua News Agency)