Sono still hasn’t reached a production agreement with NEVS
Although Sono Motors already announced in 2019 that it would have its Sion solar electric car produced by National Electric Vehicle Sweden (NEVS) at the Swedish site in Trollhättan, there is apparently no binding production agreement to date. We asked the Munich-based company about this.
Evergrande looks to electric vehicles as core business
After the electric car division of the heavily indebted Chinese real estate group Evergrande Group recently declared that it would stick to its plans to produce electric cars, Evergrande boss Hui Ka Yan has now announced his plans for Evergrande New Energy Vehicle. A sale that had been rumoured in the meantime now seems to […]
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.
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.
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.
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.
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.
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.
Benteler & FEV cooperate with Evergrande
The Chinese real estate group Evergrande is bringing further expertise from Germany on board for its ambitious electric car plans. The Paderborn-based supplier Benteler and development service provider FEV from Aachen are now among the partners.