Evergrande NewEnergy Vehicle3

Evergrande's car-making arm launches 3 new models, expanding its model lineup to 9
The Hengchi 7 is an all-electric B-class luxury sedan, Hengchi 8 is an all-electric C-class luxury coupe, and Hengchi 9 is an all-electric B-class luxury midsize SUV. ...
Evergrande starts winter testing of its vehicles in -35°C environment
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, started winter testing of its first production vehicle, the Hengchi 1 ...

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Evergrande's car making arm raises up to $3.35 billion through private placement
This is one of the largest equity financings in China's new energy vehicle industry. It's trading at an 8 percent discount to the average closing price over the previous five tradi ...
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