Tag: Hengchi

Oct 12, 2021 - 11:58 am

Evergrande will stick to production plans despite finance issues

The electric vehicle division of the heavily indebted Evergrande Group, Evergrande New Energy Vehicle, is sticking to its plans to produce electric cars despite the liquidity crisis at the parent company. The Hengchi 5 is to be ready for sale in early 2022. The company is receiving help from the local government.

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Aug 21, 2021 - 03:05 pm

Evergrande looks to withdraw from EV businesses

The Chinese real estate group Evergrande looks like it is on the verge of withdrawing from the automobile business. According to a media report, the indebted group is looking into selling the division to other Chinese carmakers.

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Apr 27, 2021 - 10:51 am

Evergrande valued higher than GM but has sold no cars

Evergrande New Energy Vehicle, the electric car offshoot from the Chinese Evergrande Group, is now worth 87 billion US dollars on the stock market meaning it is valued higher than Ford or GM. The valuation is odd, as the company has yet to sell a single car.

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Apr 13, 2021 - 12:55 pm

Former Byton CEO Daniel Kirchert starting at Evergrande

According to Chinese media reports, Daniel Kirchert has moved to Evergrande Auto, the electric car offshoot of the Chinese Evergrande Group, where he is now Executive Vice President. Kirchert had left the struggling electric car maker Byton last year.

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Mar 26, 2021 - 11:35 am

Evergrande to set up dealership network in China

Evergrande New Energy Vehicle, the electric car offshoot of the Chinese Evergrande Group, plans to build 1,600 dealerships across China. The company is known to be aiming to produce up to one million electric cars per annum from a standing start by 2025.

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Bosch Amps Up

Sep 16, 2020 - 12:57 pm

Evergrande earns half a billion dollars via shares

Evergrande New Energy Vehicle, the NEV offshoot of the Chinese Evergrande Group, has raised around half a billion US dollars in fresh capital by selling treasury shares to a number of external investors. Among the investors are prominent names like Tencent and Didi Chuxing.

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May 25, 2020 - 02:08 pm

Evergrande breaks ground on e-drive production plant

The extremely ambitious electric car plans of the Chinese Evergrande Group are becoming more concrete: In Huzhou in Zhejiang Province, local media reported that the ground-breaking ceremony for a production facility of Evergrande for electric drive systems has now taken place.

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Nov 13, 2019 - 01:35 pm

Evergrande to introduce first EV in 2020

The Chinese Evergrande Group has invested a further 3 billion US dollars into its Swedish subsidiary NEVS as well as concluding strategic cooperation agreements with no less than 60 suppliers for its electric car plans.

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Found on electrive.com
https://www.electrive.com/2021/10/12/evergrande-will-stick-to-production-plans-despite-finance-issues/
12.10.2021 11:05