Articles tagged "Hengchi"

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...

On April 24 Evergrande made an announcement that it was shutting down its factory in Tianjin, China, to try and preserve its dwindling finances. While the factory was closed, the company continued its money-saving efforts, and it seems whatever it...

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...