Wednesday 27 October 2021
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scmp - 16 days ago

Evergrande vows first electric car will roll off its Tianjin production line early next year, as local government pledges help

China Evergrande Group’s electric vehicle arm said it still planned to have its first Hengchi-branded car ready for delivery early in 2022, even as the parent company battles to stay afloat amid a cash crisis that has crippled production.Liu Yongzhuo, chief executive of Evergrande New Energy Vehicle, said that with the help of local government support, the carmaker will make sure that its first EV has been built and tested at its Tianjin factory and is ready for sale to the public early next…


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