Evergrande
Evergrande NEV president detained on suspicion of criminal behavior
Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said.
Evergrande's NEV unit sees loss drop 51% in 2022, but still $3.9 billion
Evergrande NEV earns RMB 130 million in 2022 from its main operations, well below RMB 2.5 billion in 2022 and RMB 15.5 billion in 2020.
Evergrande NEV's plant restarts production after 1-month pause
Evergrande NEV will accelerate production and deliveries of the Hengchi 5 and advance the development and production of subsequent models, an executive said.
Evergrande NEV puts Hengchi 5 production on hold due to lack of funds
Evergrande NEV said it plans to resume production of the Hengchi 5 in May.
Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk
The H-Pilot assisted driving system is available for the first time for the Hengchi 5, giving the vehicle the ability to perform full-speed adaptive cruise control and lane keeping.
Evergrande NEV warns risks of production halt if it can't get additional liquidity
Evergrande NEV's only model currently on sale, the Hengchi 5, has delivered more than 900 units, according to an exchange announcement.
Evergrande begins deliveries of its first production model Hengchi 5
Evergrande NEV delivered the first Hengchi 5 vehicles to owners on October 29.
Evergrande starts mass production of Hengchi 5, pushing ahead with more models
Hengchi 6 will be mass-produced in the first half of next year and Hengchi 7 in the second half of next year, Evergrande NEV said.
Evergrande NEV denies it will be acquired, says working to bring in strategic investors
Evergrande NEV has been actively bringing in strategic investors, with both local governments and several companies currently expressing interest in investing, its president said.
Evergrande NEV reportedly may be acquired by another automaker
Evergrande NEV's plant in Tianjin will halt production from August 18 due to a shortage of materials, according to local media.