The dust settled: Evergrande Health officially changed its name to Evergrande Auto

Recently, Evergrande Health (0708.HK) issued an announcement stating that the company name has now been changed from Evergrande Health Industry Group Co., Ltd. to China Evergrande New Energy Automobile Group Co., Ltd.

The stock short name will also be changed on September 1, 2020, from Evergrande Health to Evergrande Auto.

The English is changed from “EVERG HEALTH” to “EVERG VEHICLE”, the Chinese is changed from “恒大健康” to “恒大汽车”, and the stock code remains unchanged.

Some analysts believe that the formal renaming of Evergrande will further enhance its brand recognition. In the future, as the mass production of products goes offline, the market value space will be further opened.

In terms of products, Evergrande has released the first six cars of “Hengchi” in Shanghai and Guangzhou at the same time, including two cars, three SUVs and one MPV.

It is reported that Evergrande is currently promoting 14 new models at the same time, and the full range of Hengchi products will be mass-produced in 2021.

At present, Evergrande Automobile, which is making every effort to develop its new energy vehicle business, has built a full industrial chain covering power batteries, powertrains, advanced vehicle manufacturing, vehicle sales and smart charging, and strives to become the world’s largest The most powerful new energy vehicle group.