Core Viewpoint - The Guangzhou Nansha District Planning and Natural Resources Bureau has identified approximately 440,000 square meters of industrial land owned by Evergrande Hengchi New Energy Vehicle Technology (Guangdong) Co., Ltd. as idle since June 9, 2021, due to company reasons, and it may be subject to government reclamation under the Idle Land Disposal Measures [1][2]. Group 1 - The identified idle land has been officially recognized as such, which may lead to its reclamation by the government without compensation [1][2]. - The idle land was acquired by Evergrande in 2019 as part of its strategy to develop a full industrial chain for new energy vehicles, with plans to achieve production capacity of 500,000 to 1,000,000 vehicles within three years [4]. - Evergrande had previously invested significantly in the electric vehicle sector, including a $930 million acquisition of a 51% stake in Swedish electric vehicle company NEVS in January 2019 [4]. Group 2 - The land in question was part of a larger strategy that included the acquisition of additional industrial land in Nansha, with Evergrande purchasing 858,000 square meters in total in 2019 and 437,000 square meters in 2020 [4]. - The government’s action to reclaim the land indicates potential challenges for Evergrande in executing its ambitious plans for electric vehicle production [2][4].
44万㎡用地闲置4年！广州南沙或无偿收回一宗汽车用地