Evergrande’s transformation into a car manufacturer: production of the Hengchi 5 has started

The financially troubled Chinese real estate group Evergrande has taken a big step towards becoming an electric car manufacturer. As reported by the IT news portal “Golem” with reference to corresponding articles on the Chinese social network Weibo, the Evergrande New Energy Vehicle Group (Evergrande NEV) car division is now producing its first model: the compact E-SUV Hengchi 5.

According to previous media reports, the Evergrande Group is to be transformed into a car manufacturer by the end of the decade. The first own car has now been manufactured in the factory in Tianjin, one of the group’s three plants in China, even twelve days before the actually planned start of series production. In the Chinese market for electric cars, the Hengchi 5 should be comparatively affordable. Other models are to follow. (mer)

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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