Evergrande Auto, as a latecomer in the automobile industry, this joint venture with Tencent is also intended to expand the influence of Evergrande Auto with the help of Tencent's ability in the field of the Internet. Media reports, a few days ago, Evergrande Automobile announced that it will set up a joint venture with Tencent, and in the future *** together to build the operating system of the car, and at the same time to establish more cooperation in the field of the Internet. In fact, Evergrande Automobile is not the first time to establish contact with Internet companies, earlier Evergrande Automobile also established cooperation with drip travel, in addition to Evergrande Automobile and a number of well-known investment funds to establish equity links. And from the point of view of the latest share price, Evergrande Automobile market value exceeded 480 billion yuan, far more than the veteran automobile company Great Wall Motor.

But the media's biggest question about Evergrande Auto is that it has yet to market any of its cars, although Evergrande released a number of models early on, covering different price points and different grades, including a lot of advertisements on major Internet platforms, but as of now, all of these cars are still only on the promotional posters, and there is not a single existing car.

But this does not prevent Evergrande Automobile from setting up a grandiose ambition, the president of Evergrande Automobile said earlier that the future of Evergrande Automobile's annual output of automobiles will be more than 1 million, becoming the world's largest automobile production company, and Evergrande Automobile is also very confident in its own strength, said that the future of a breath of listing a number of models to compete with other car companies.

Reference:

Evergrande Automobile (0708.HK) announced that it has set up a joint venture with Wutong Telematics, a subsidiary of Tencent Holdings, to ****together develop the world's leading in-vehicle intelligent operating system with independent intellectual property rights, in which Evergrande Automobile will hold a 60 percent stake in the joint venture.

Officially, the establishment of this joint venture, the two sides will take advantage of their respective strengths in the fields of new energy vehicle R & D and manufacturing, artificial intelligence, big data, cloud computing, travel ecology, etc., and join hands to develop a more powerful, ecologically richer, y customized Hengchi intelligent operating system, to build a world-leading intelligent automotive ecosystem.

Publicly available information shows that Wutong Auto Union is a Tencent incubated and focused on automotive intelligent Internet products and services of the car networking company, the main business for the host factory *** with the same cooperation to build a system level based on the car networking program.