Evergrande Auto Archives

Xiaomi: There Has Never Been A Plan or Action to Acquire Evergrande Auto

A spokesperson from Xiaomi stated, "Regarding recent rumors, we solemnly clarify the following: Xiaomi has never had any plans or actions to acquire or control Evergrande Auto."

Evergrande Auto Faces Turmoil as Executive Director Detained on Suspicion of Illegal Activities

Evergrande Auto announced today the detention of its executive director, Liu Yongzhuo. The company revealed that Liu has been criminally detained on suspicion of illegal activities, although specific details surrounding the allegations remain undisclosed.

Evergrande Auto Denies Indefinitely Delaying Pre-Sale of Hengchi 5

A Wednesday report alleged that Evergrande Auto has indefinitely delayed the pre-sale of its Hengchi 5 model, sparking heated online discussion. That evening, Evergrande Auto issued a statement denying the report.

Evergrande Auto’s Hengchi 5 Reportedly Receives 50,000 Orders

Real estate developer Evergrande's first pure electric SUV, the Hengchi 5, has seen 50,000 units ordered within the 10 hours of blind booking during Labor Day holiday.

Evergrande Auto Resumes Trading Today Ahead of Friday Suspension

After the trading of its shares was suspended on March 21, Evergrande Auto, the auto arm of embattled property giant China Evergrande Group, resumed stock operations from 9:00 a.m. on Wednesday.

Evergrande Auto’s Hengchi 5 Model to Start Pre-sale

The president of Evergrande Auto, Liu Yongzhuo, announced on Sunday that pre-sale of its Hengchi 5 model will be initiated in the near future.

Evergrande Auto: First Mass-production Vehicle of Hengchi 5 Rolls Off Line

Hengchi 5, the first mass production model of Evergrande Auto, successfully rolled off the production line on Thursday, 12 days ahead of schedule.

Evergrande Auto: Work Hard for 180 days, Yangzhou Battery Factory to Start Production in May Next Year

Liu Yongzhuo, President of Evergrande Auto, said that the three-month battle to get the first car off the assembly line, which started on October 8, has achieved initial results, and the BIW assembly line was launched at the end of November.

Evergrande Auto Sells e-Traction to British EV Maker Saietta

British electric vehicle (EV) maker Saietta has said that it is acquiring electric powertrain company e-Traction from China Evergrande Group's automotive unit in a deal worth up to 2 million euros ($2.31 million).

Evergrande Auto to Raise HK $500 Million for NEV R&D

Evergrande Auto, the automobile manufacturer under Chinese real estate developer Evergrande Group, announced on Wednesday that it had signed an agreement with its placement agent on Tuesday.

Evergrande Auto’s Production Line Renovation Project in Tianjin Suspended Due to Supplier Payments in Arrears

According to a report by Chinese media outlet LatePost on Wednesday, following Evergrande Auto's failure to pay equipment suppliers, the production line renovation project of the firm's Tianjin factory has recently stalled.

Evergrande Auto Expects First Hengchi Vehicle to Leave Tianjin Assembly Line in Early 2022

At the conference held on Monday, Liu Yongzhuo, President of Evergrande Auto, said that the company had launched a three-month "tough battle" to ensure that the first Hengchi vehicle would be rolled off the assembly line in early 2022.

CST Group Disposes of 32.18 Million Evergrande Auto Shares

CST Group announced on October 5 at the Hong Kong Stock Exchange that it has sold a total of 32.18 million shares in Evergrande Auto.

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