{"id":15334,"date":"2022-07-07T08:30:46","date_gmt":"2022-07-07T06:30:46","guid":{"rendered":"https:\/\/www.china-certification.com\/en\/?p=8018"},"modified":"2023-02-09T11:48:11","modified_gmt":"2023-02-09T10:48:11","slug":"evergrande-hengchi-5-electric-suv-rolls-off-the-production-line-after-long-delay","status":"publish","type":"post","link":"https:\/\/www.china-certification.com\/en\/evergrande-hengchi-5-electric-suv-rolls-off-the-production-line-after-long-delay\/","title":{"rendered":"Evergrande Hengchi 5 electric SUV rolls off the production line after long delay"},"content":{"rendered":"

The first full-electric car from China’s Evergrande Group left the production line in mid-January. This marks an important step for the estate developer, which doubled its investment in its EV business since last year. The Hengchi 5 is an all-electric compact SUV with a range of up to 700 kilometers on one battery charge. Evergrande New Energy Vehicle, which is responsible for building the vehicle, announced on January 2022 that it would begin mass production at its Tianjiin plant. Priced below 200,000 yuan (about $31,440), the EV is cheaper than the 300,000 yuan price mark, where Tesla’s strongest competitors from China, NIO, Xpeng Motors and Li Auto, are located. The Hengchi 5 is also being promoted by Evergrande as an alternative or replacement to internal combustion engine compact SUVs like the Audi Q3 or BMW X1.\u00a0Vehicles and components must be awarded a CCC certificate<\/a><\/strong> in order for the products to be exported to China or manufactured locally.<\/p>\n

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“If the Hengchi 5 sells well, it would be a glimmer of hope for Evergrande after the company has just managed to stay afloat for the past few months,” said Eric Han, a senior manager at Shanghai-based business consultancy Suolei. The long-delayed sales launch of the SUV marks a year of concern for Evergrande investors. Those had put up an additional $3.85 billion in funding on top of the IPO, in an effort to, as company founder Hui Ka-yan said, beat Tesla to the world’s biggest EV sales market. Still, Evergrande fell short of the second-half 2021 business figures it had targeted a year earlier.<\/p>\n

To get to mass production of the Hengchi 5, Evergrande needed a large sum of cash. In mid-2021, the EV business had to suspend production after failing to pay suppliers. The Shanghai plant, one of three in China, was temporarily shut down and shares were sold to employees to finance it. Evergrande then unveiled three more models in February 2021, in addition to the six vehicles already unveiled in August 2020. The automaker plans to produce between 500,000 and 1 million EVs annually at its Shanghai, Tianjin and Guangzhou plants. Due to a lack of funding, Evergrande is initially focusing only on the Hengchi 5 and Hengchi 6 models.<\/p>\n

CCC certification for vehicles is a complex project that requires professional supervision at all stages. For several years, MPR China Certification GmbH has been entrusted with large CCC projects for the vehicle manufacturers Lotus, Tesla and Bugatti. We will be pleased to provide you with non-binding advice on the scope and requirements of a China CCC certification.<\/p>\n

For more information on how\u00a0CCC certification<\/strong><\/a>, the\u00a0CCC Self-Declaration<\/strong><\/a>\u00a0and\u00a0voluntary CCAP or CQC certification<\/strong><\/a>\u00a0may affect your company, or for more information about\u00a0CCC certification\u00a0in general, the\u00a0process<\/strong><\/a>, and the associated\u00a0costs<\/strong><\/a>, please visit our\u00a0website<\/strong><\/a>\u00a0and our\u00a0News Section<\/strong><\/a>\u00a0where you will find current updates twice a week.<\/p>\n

Please do not hesitate to contact us for further details and consultation. You can contact us via\u00a0e-mail<\/strong><\/a>, or call us (UK:\u00a0+44 2071931135<\/strong>, Rest of Europe:\u00a0+49 69 2713769150<\/strong>, US:\u00a0+1 773 654-2673<\/strong>).
\nPlease don’t hesitate to also use our chat-window in the bottom right corner if you have any questions. (Please check your browser settings if you can’t see the window)<\/p>\n

You can also check out our free CCC-Brochure, which can be downloaded right\u00a0here<\/strong><\/a>\u00a0as a PDF file or you consult our book (in English) \u201cA Brief Guide to CCC: China Compulsory Certification\u201d, which can be found directly\u00a0here<\/strong><\/a>\u00a0on Amazon.<\/p>\n

Here<\/strong>\u00a0<\/a>you can download our brochure about the\u00a0CCC Self-Declaration<\/strong><\/a>.<\/p>\n

Here<\/strong><\/a>\u00a0you can download our brochure about the\u00a0voluntary CCAP or CQC certification<\/strong><\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The first full-electric car from China’s Evergrande Group left the production line in mid-January. This marks an important step for the estate developer, which doubled its investment in its EV business since last year. The Hengchi 5 is an all-electric compact SUV with a range of up to 700 kilometers on one battery charge. Evergrande […]<\/p>\n","protected":false},"author":4,"featured_media":8019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[106],"tags":[],"class_list":["post-15334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-further-topics"],"acf":[],"yoast_head":"\nEvergrande Hengchi 5 electric SUV rolls off the production line after long delay<\/title>\n<meta name=\"description\" content=\"The Hengchi 5 is an all-electric compact SUV with a range of up to 700 kilometers on one battery charge. 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