Tag : Hengchi

Evergrande issues $3.35 billion worth of shares

Evergrande issues $3.35 billion worth of shares

Evergrande New Energy Vehicle, the e-car offshoot of China's Evergrande Group, has raised the equivalent of around $3.35 billion in additional capital by selling more shares to six China-based investors.

Evergrande builds up stationary distribution network in China

Evergrande builds up stationary distribution network in China

Evergrande New Energy Vehicle, the e-car offshoot of China's Evergrande Group, plans to build 1,600 dealerships across China, and the company is known to be aiming to produce up to one million electric cars per annum from a standing start by 2025.

Struggling Evergrande car division sticks to BEV plans

Struggling Evergrande car division sticks to BEV plans

The electric vehicle division of the debt-ridden Evergrande Group, Evergrande New Energy Vehicle, is sticking to its plans to produce electric cars - despite the liquidity crisis at the parent company. The Hengchi 5 is expected to be ready for sale in early 2022, and the company is getting help from the local government.

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.

Evergrande: Registration of the first E-model completed

Evergrande: Registration of the first E-model completed

The first electric model from Evergrande New Energy Vehicle, the e-car division of Chinese real estate conglomerate Evergrande, is now officially listed in the Chinese Ministry of Industry and Information Technology (MIIT) catalog, completing the registration process for the Hengchi 5 LX.

Evergrande's car division raises fresh capital

Evergrande's car division raises fresh capital

Evergrande New Energy Vehicle plans to raise fresh capital by issuing more shares to six investors, specifically placing about 174.8 million shares at HK$2.86 each for expected gross proceeds of about HK$500 million (55.5 million euros).

Evergrande auto heralds pre-sale of first e-car

Evergrande auto heralds pre-sale of first e-car

Evergrande New Energy Vehicle, the e-car division of Chinese real estate group Evergrande, has begun pre-sales of its first model in China, and the price has now been set. The Hengchi 5 is available from 179,000 yuan, the equivalent of around 26,150 euros.

Evergrande NEV still in financial difficulties

Evergrande NEV still in financial difficulties

Evergrande New Energy Vehicle, the e-car division of Chinese real estate group Evergrande, is apparently still in trouble and could be taken over by another carmaker, according to reports that first suppliers are already insisting on full payment before delivery.

Evergrande NEV starts series production of the Hengchi 5 - again

Evergrande NEV starts series production of the Hengchi 5 - again

Evergrande New Energy Vehicle, the e-car division of Chinese real estate group Evergrande, says it has started mass production of its first model, the Hengchi 5, with the second model, the Hengchi 6, to follow in the second half of 2023.