Tag: Evergrande

Aug 18, 2022 - 12:00 pm

Evergrande NEV still stuck in financial difficulties

Evergrande New Energy Vehicle, the electric car division of Chinese real estate group Evergrande, is apparently still in trouble and could be taken over by another carmaker. According to the report, first suppliers are already insisting on full payment before delivery.

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Jul 7, 2022 - 11:43 am

Evergrande Auto prepares to sell their first electric car

Evergrande New Energy Vehicle, the electric car division of the Chinese real estate group Evergrande, has started pre-sales of its first model in China. The price has now also been fixed. The Hengchi 5 is available from 179,000 yuan, the equivalent of about 26,150 euros.

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Mar 8, 2022 - 11:17 am

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.

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Nov 15, 2021 - 02:40 pm

Evergrande Auto sells another subsidiary

UK-based electric powertrain specialist Saietta has acquired e-Traction Europe from Evergrande New Energy Vehicle Group. e-Traction is a Dutch supplier of electric powertrains for trucks and buses and power electronics.

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Nov 10, 2021 - 12:41 pm

Evergrande NEV to raise capital via shares

Evergrande New Energy Vehicle plans to raise fresh capital by issuing more shares to six investors. Specifically, about 174.8 million shares at HK$2.86 each will be placed for expected gross proceeds of about HK$500 million (55.5 million euros).

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Nov 9, 2021 - 01:36 pm

Evergrande’s Hengchi brand registers e-SUV

The first electric model from Evergrande New Energy Vehicle, the electric car division of Chinese real estate group Evergrande, is now officially listed in the catalogue of the Chinese Ministry of Industry and Information Technology (MIIT). This completes the registration process for the Hengchi 5 LX.

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Nov 4, 2021 - 07:48 pm

Bedeo buys in-wheel motor specialist Protean from NEVS

In-wheel motor specialist Protean Electric is getting a new owner. The British EV supplier and manufacturer Bedeo is taking over from National Electric Vehicle Sweden (NEVS), an Evergrande subsidiary that is currently feeling the parent company’s troubles.

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Oct 27, 2021 - 12:50 pm

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.

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Oct 25, 2021 - 11:40 am

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 […]

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Oct 18, 2021 - 01:04 pm

Evergrande subsidiary NEVS looking for new investors

National Electric Vehicle Sweden (NEVS), the Swedish electric car subsidiary of the heavily indebted Chinese real estate group Evergrande, is looking for new owners. NEVS CEO Stefan Tilk has now confirmed talks with several investors.

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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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Jun 24, 2021 - 05:28 pm

Evergrande & Hella push BMS development and production

The German automotive supplier Hella and China’s Evergrande Group intend to jointly push the development and production of battery management systems, particularly for the Chinese market, as part of their new joint venture Hella Evergrande Electronics.

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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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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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Jul 1, 2020 - 06:57 pm

NEVS presents electric robotaxi for sharing services

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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Jun 17, 2020 - 02:12 pm

Evergrande to buy up the rest of NEVS

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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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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Sep 3, 2019 - 01:30 pm

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.

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Found on electrive.com
14.03.2023 12:38