Opening Hours

Mon - Fri: 7AM - 7PM

BEIJING: China Evergrande New Energy Vehicle Group Ltd started deliveries of the Hengchi 5 electric vehicle and said on its official Wechat account that the first 100 customers received the vehicles on Saturday (October 29).

The company is part of China Evergrande Group, a heavily indebted property developer. vehicle production Last month at a factory in the northern city of Tianjin.

Evergrande plans to produce 1 million cars by 2025 and aims to shift the group’s main business from real estate to automotive ventures over the next decade.

The company says it will begin mass production of a second EV model in the first half of 2023 and a third EV model in the second half of next year.

The Hengchi 5 SUV is priced at 179,000 yuan (24,690 USD). China’s Evergrande Delivers First Electric Vehicle

Recommended Articles