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Hengchi Automobile is a new energy vehicle brand under Evergrande Group, officially launched on August 28, 2019. On August 3, 2020, Hengchi Automobile unveiled its first batch of six models, ranging from Hengchi 1 to Hengchi 6, covering all segments from Class A to Class D, and including passenger car models such as sedans, coupes, SUVs, MPVs, and crossovers. On November 10th, the Hengchi car logo was officially released, with its creative source and profound connotation interpreted as "Protecting the Blue Sky, Winning the Red Sea, the Eastern Lion, Dominating the World." On November 11th, the naming system for the Hengchi series was announced, with each Hengchi named according to the order of listing, grade, and model type, with the specific name composed of "Hengchi + number + two English letters." On September 3, 2021, the summer testing of Hengchi 1, 3, 5, 6, and 7 concluded, fully verifying the vehicle's performance and quality under extreme high-temperature conditions. On January 12, 2022, the first Hengchi 5 vehicle came off the production line at the Tianjin factory, 12 days ahead of schedule. On July 6, Hengchi 5 started global pre-sales, priced at 179,000 yuan. As of the end of May 2023, more than 1,000 Hengchi 5 vehicles had been delivered. Hengchi Automobile possesses world-leading core technologies in the fields of vehicle manufacturing, chassis architecture, intelligent networking, power batteries, and autonomous driving. Evergrande Group's naming implication for the Hengchi brand is "Aspiring to Greatness, Galloping Through the World," demonstrating its ambitious vision and confidence in new energy vehicles.