Tag : Evergrande Health

Evergrande is reportedly looking into selling its electric car subsidiary

Evergrande is reportedly looking into selling its electric car subsidiary

Chinese real estate group Evergrande may be on the verge of withdrawing from the automotive business. According to a media report, the debt-ridden group is looking into selling the division to other Chinese carmakers. This could also have an impact on the production of Sono Motors' Sion.

Evergrande looks set to make e-cars its core business

Evergrande looks set to make e-cars its core business

After the electric car division of the heavily indebted Chinese real estate group Evergrande Group recently declared that it would stick to its plans to produce electric cars, Evergrande boss Hui Ka Yan has now announced his plans for Evergrande New Energy Vehicle. A sale that had been rumored in the meantime seems to be off the table.

NEVS boss: "Have no production agreement with Sono Motors".

NEVS boss: "Have no production agreement with Sono Motors".

Although Sono Motors announced back in 2019 that it would have its Sion solar electric car produced by National Electric Vehicle Sweden (NEVS) at its Trollhättan site in Sweden, there has apparently been no binding production agreement to date. We asked the Munich-based company about this.