Articles tagged "Evergrande"

There's a plot twist today in the Evergrande New Energy Vehicle Group (Evergrande NEV) saga, and for the first time in quite a while, it's good news. The company has announced that it's received a $500 million investment from a Middle Eastern...

Evergrande's EV adventure is getting worse each month. The company was forced to halt the production of the Hengchi 5 model today due to a lack of funds. The pause is expected to last until May, according to the company, but that may just be wishful...

Hengchi, the Evergrande’s EV brand, unveiled its first car a few more months ago and deliveries of the Hengchi 5 only began in November. However the company is in big trouble as it announced at least 10% of its workforce is to lose their...

Today is a big day for Evegrande’s automotive arm Hengchi. The announced its first model, the Hengchi 5 has entered mass production at the Tianjin plant with the first customers scheduled to take delivery next month. It has taken a while for the...

Hengchi, the automotive arm of the infamous property developer Evergrande, was set up in 2020 and the following year it presented 9 car prototypes with the first one - Hengchi 5 - launching last month and already selling 37,000 units. Hengchi...

Hengchi 5 has officially gone on sale with a starting price of RNB 179,000 ($26,690) after all the subsidies available for electric car buyers. It comes from Evergrande NEV - the automaker arm of the property development company known worldwide...