However Evergrande New Energy Vehicle Group has released nine NEV models under the Hengchi brand collectively unveiling them at the Shanghai Auto Show in April 2021. Founded in 1996 by Chairman Hui Ka Yan in Guangzhou Evergrande is Chinas second-largest property developer with 110 billion in sales last year.
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Shares of Teslas rivals Li Auto Nio Xpeng also fell as Evergrande Chinas second-largest real estate developer rushed to avoid defaulting on a massive 300 billion in debt.
Evergrande china automotive. The company listed in.
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