Evergrande wants to make electric cars its core business, CEO Hui Ka Yan said. Costfoto/Barcroft Media/Getty ImagesIt rolled out the first Hengchi 5 all-electric compact SUV from its Tianjin assembly line on Wednesday.
CEO Hui Ka Yan said in October Evergrande wants to make EVs its core business over the next 10 years.On Wednesday, embattled Evergrande rolled its first electric vehicle off the assembly line as the Chinese real estate giant pivots toward the automotive market. The Hengchi 5 all-electric compact sports-utility vehicle was completed 12 days ahead of schedule, marking a milestone for the
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