Evergrande Auto is heavily in debt, and its mass-produced Hengchi 5 is in trouble

The total liabilities of Evergrande Auto reached 183.872 billion yuan, of which the liabilities of new energy vehicle business alone reached 64.870 billion yuan. In addition, the company is also facing the problem of maturing debts and overdue commercial bills. Although Hengchi 5 began to be delivered in the second half of last year, the annual revenue was only 134 million yuan. Evergrande Auto tried to save itself by selling its health space project and focusing on the research and development and production of new energy vehicles. However, after losing $500 million in investment, Evergrande Auto's future is even bleaker.