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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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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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.
Weiterlesen Evergrande New Energy Vehicle, the electric car offshoot of the Chinese Evergrande Group, has again raised capital equivalent to around 3.35 billion US dollars by selling further shares to six China-based investors.
Weiterlesen 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.
Weiterlesen More details have been revealed about the Chinese Evergrande Group’s ambitious electric car plans: Evergrande has now announced the first six models to be offered under the Hengchi brand.
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National Electric Vehicle Sweden (NEVS) has presented a mobility ecosystem for autonomous electric vehicles for sharing services, under the name PONS. At the heart of the ecosystem is the autonomous Sango electric vehicle for up to six passengers.
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The Chinese Evergrande Group has announced its intention to take over National Electric Vehicle Sweden (NEVS) entirely. The acquisition of the remaining shares is to be completed by autumn.
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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.
Weiterlesen 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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The Chinese real estate group Evergrande is bringing specialized expertise on board for its ambitious electric car plans. The company has now officially signed cooperation agreements with FEV Group, EDAG, IVA Group, AVL and Magna.
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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.
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