Evergrande energy storage power vehicle

What is Evergrande's new-energy vehicle business?

The company said it's developing new-energy vehicle business at full speed and the six models are the first batch under its car brand, Hengchi. The models cover passenger carmakes such as sedan, sport-utility vehicle and multi-purpose vehicle. Evergrande, best known as a property developer, entered the field of new-energy vehicles two years ago.

What's new at Evergrande?

Chinese property developer Evergrande unveiled six new-energy car models on Monday as the company aims to further develop its business in China's green car market. The company said it's developing new-energy vehicle business at full speed and the six models are the first batch under its car brand, Hengchi.

What is China Evergrande new energy vehicle group?

China Evergrande New Energy Vehicle Group was established in 2019 and has released nine new energy vehicle models, of which the first mass-produced model, Hengchi5, was delivered in October 2022.

Is Evergrande Group investing in electric mobility?

Only last year Evergrande Group began investing heavily in electric mobility and already have an impressive string of cooperations and acquisitions along the electric vehicle production train to their name.

Will Evergrande become the world's strongest electric vehicle group?

“Evergrande aims to become the largest and strongest electric vehicle group in the world within three to five years,” company boss Hui Ka Yan was quoted in March. At the beginning of June NEVS also acquired Protean Electric, a British specialist for wheel hub motors.

Does Evergrande new energy auto get a lot of money?

And the group got a nice discount: Evergrande New Energy Auto sold its shares for HK$2.86 per share, an almost 20% discount on the stock market’s price on November 9. So yes, the car company gets a bit of extra money, but the money really comes out of its own pocket. Hengchi concept cars. Hehgchi 5 in the center.