The first 100 clients received their Hengchi 5 electric vehicles on Saturday, according to a statement on China Evergrande New Energy Vehicle Group Ltd’s official Wechat account.
A facility in the northern city of Tianjin is where the business, a division of the massively indebted real estate developer China Evergrande Group, began producing the car last month.
With ambitions to produce 1 million automobiles by 2025, Evergrande hopes to transition the group’s principal business from real estate to the automotive enterprise over the following ten years.
It has stated that it will begin mass producing its third EV model in the second half of next year and its second EV model in the first half of 2023.
The first 100 clients received their Hengchi 5 electric vehicles on Saturday, according to a statement on China Evergrande New Energy Vehicle Group Ltd’s official Wechat account.
A facility in the northern city of Tianjin is where the business, a division of the massively indebted real estate developer China Evergrande Group, began producing the car last month.
With ambitions to produce 1 million automobiles by 2025, Evergrande hopes to transition the group’s principal business from real estate to the automotive enterprise over the following ten years.
It has stated that it will begin mass producing its third EV model in the second half of next year and its second EV model in the first half of 2023.
The Hengchi 5 sport-utility vehicle sells for 179,000 yuan ($24,690.00).
