China Evergrande’s new energy unit started mass production of first model Hengchi 5
China Evergrande’s new energy unit started mass production of first model Hengchi 5

China Evergrande’s new energy unit started mass production of first model Hengchi 5

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Embattled property developer China Evergrande Group said its electric vehicle unit started mass production of the Hengchi 5 model on Friday at a plant in the northern city of Tianjin.

Delivery of the first electric car model unveiled last year by China Evergrande New Energy Vehicle Group Ltd  will start in October, Evergrande said.

Evergrande will start mass production of its second EV model in the first half of 2023 and a third one in the latter half of next year, it added.