Hengchi
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.
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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.
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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.
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Evergrande NEV reportedly halts mass production of its only model due to lack of orders
Evergrande NEV has suspended mass production of its sole model, the Hengchi 5, due to a lack of sufficient new orders, according to Reuters.
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Evergrande's EV brand Hengchi begins layoffs and salary cuts to cope with financial difficulties
Hengchi's previous staffing structure was based on the company's need to develop nine models simultaneously, according to local media.
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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.
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Evergrande denies pushing back pre-sale of first model, but delays planned mass production
Hengchi 5's scheduled June 22 mass production date has been adjusted to September 20.
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Evergrande's first EV model, Hengchi 5, reportedly to open for pre-order on May 20
The Hengchi 5 will initially be sold in small numbers to individual customers and will be used mainly in the ride-hailing market, local media reports said.
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Evergrande's first EV model Hengchi 5 will soon be available for pre-order
Hengchi's first showroom and sales centers will soon open in 15 key cities, including Tianjin, Shanghai and Guangzhou.
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Evergrande aims to see mass production of its first EV model, Hengchi 5, within three months
Hengchi 5 must be in mass production by June 22, Hui Ka Yan, or Xu Jiayin, chairman of Evergrande Group, said Tuesday.
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