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.
5/9/20222 min read
Tag: #Evergrande Group
Showing 12 of 52 posts with this tag
Vanke Founder Wang Shi Establishes New Private Equity Fund
Wang Shi, the 72-year-old founder of China Vanke, a prominent property developer in China, has ventured into the world of venture capital.
4/18/20232 min read
China Evergrande Group in Negotiations to Sell Automobile and Property Management Businesses
Evergrande Group is negotiating with both state-owned and private companies to sell stakes in the China Evergrande New Energy Vehicle Group and Evergrande Property Services Group, according to Reuters.
8/10/20213 min read
Evergrande Punishes Six Executives Involved in Early Redemption of Company's Investment Products
Six executives of the heavily indebted China Evergrande Group have fully returned funds from early redemptions of the company's investment products before Friday, the property group said Saturday.
10/9/20212 min read
Evergrande New Energy Vehicle Group's Hengchi 5 Starts Pre-Sale
Evergrande New Energy Vehicle Group's first model, the Hengchi 5, is now available for pre-orders, the automobile arm of Chinese real estate developer Evergrande Group announced on July 6.
7/7/20223 min read
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.
12/9/20212 min read
Evergrande Auto's Hengchi 5 Starts Mass Production, To Deliver Next Month
Real estate developer Evergrande's automobile arm announced on September 16 that its Hengchi 5 model has started mass production in Tianjin and deliveries will begin in October. The new energy vehicle brand will also accelerate the development of other models.
9/16/20223 min read
Zhao Changlong Replaces Xu Jiayin as Chairman of China Evergrande's Key Unit
Zhao Changlong will replace Xu Jiayin as chairman, and will also be general manager of Hengda Real Estate Group, a key unit under China Evergrande Group.
8/17/20212 min read
Faraday Future Settles Dispute with Main Investor Evergrande
The war between EV startup Faraday Future (FF) and its main investor Evergrande appears to be over after the two companies reached a restructuring agreement on Dec. 31.
1/2/20192 min read
Faraday Future Wins “Decisive Victory” in Emergency Arbitration
Arbitrators ruled that Evergrande could no longer prevent the EV-company Faraday Future (FF) from seeking funding from other financing sources in the emergency ...
10/26/20182 min read
Evergrande Group Cancels Lease of Shenzhen HQ Building
Evergrande Group has moved out of its headquarters building in Shenzhen, and that the building has removed branding that displays "Evergrande Group."
1/11/20222 min read
Evergrande Group Sells Holdings in HengTen Networks for $92 Million, Tencent Becomes Largest Shareholder
Chinese property developer Evergrande Group successively sold its shares in HengTen Networks on November 4 and 5, cashing out about HKD 717 million ($92.1 million) in total and lowering its shareholding ratio from 26.55% to 22.98%.
11/8/20212 min read