Evergrande on rocky ground

Last year, Hong Kong-based Evengrande New Energy Vehicle hired the experienced German car manager Daniel Kirchert. The EV vehicle startup’s mother-company, real estate giant Evergrande is struggling with enormous debt.

Less than a year later, Kirchert has already left the company according to the German publication Manager Magazin. Even though the start of series production of the first Hengchi 5 model was announced at the beginning of this year, the future of the company seems uncertain.

manager-magazin.de (in German)