Group 1 - The Guangzhou Nansha District Planning and Natural Resources Bureau issued a notice stating that Evergrande Hengchi New Energy Vehicle Technology (Guangdong) Co., Ltd. has approximately 440,000 square meters of industrial land identified as idle since June 9, 2021, due to company reasons [1] - According to the "Idle Land Disposal Measures," if land has not been developed for more than two years, the land use rights can be reclaimed by the government without compensation [3] - The project, known as "Evergrande Auto City," began in 2019 when Evergrande acquired a 51% stake in Swedish electric vehicle company NEVS for $930 million [4] Group 2 - In 2019, Evergrande announced plans to achieve a production capacity of 500,000 to 1,000,000 vehicles within three years, completing the layout of the entire new energy vehicle industry chain [5] - Evergrande acquired a plot of land in Guangzhou Nansha for $847 million in March 2019, with plans to invest a total of 160 billion yuan in the Evergrande Auto City project [6] - In September 2020, Evergrande acquired another plot of approximately 437,000 square meters for 590 million yuan, designated for research and manufacturing of new energy vehicles and core components [7] Group 3 - The project has been stalled due to Evergrande's financial issues, with the 2020NGY-8 plot recognized as idle since June 2021 [8] - This is not the first land parcel reclaimed from Evergrande, as 14 plots in Zhengzhou were also reclaimed in February 2022 due to lack of development within two years [10]
广州公告！恒大汽车城土地，将被政府收回