China’s Evergrande Shows Off Six New NEV Prototypes
Zhang Yushuo
DATE:  Aug 03 2020
/ SOURCE:  Yicai
China’s Evergrande Shows Off Six New NEV Prototypes China’s Evergrande Shows Off Six New NEV Prototypes

(Yicai Global) Aug. 3 -- A unit of Chinese real estate giant Evergrande Group unveiled an impressive six new energy vehicle prototypes under its Hengchi brand today at special events held in Shanghai and Guangzhou.

Healthcare service firm Evergrande Health Industry Group, which is shifting its main line of business to the electric vehicle sector, revealed a range of high-end, ultra-luxurious, pure electric sedans, sports utility vehicles and multi-purpose vehicles numbered Hengchi 1 to Hengchi 6.

The cars are designed by Denmark’s Anders Warming, the US’ Michael Robinson and Japan’s Maruyama Satomi, part of a global automotive design alliance formed last year by group Chairman Xu Jiayin.

Mass production of the vehicles will begin next year, the Shenzhen-based firm said.

Evergrande’s NEV production base plant in Guangzhou, southern Guangdong province, will go into operation in September or October, according to tech media 36Kr. The firm intends to build 10 vehicle manufacturing and core technology parts plants in China, Sweden and countries along the route of the Belt and Road initiative, the firm said previously.

Each base will have a production capacity of 100,000 units a year in the first phase which will grow to one million units a year after two to three years, and five million cars a year in 10 to 15 years, it added.

Evergrande aims to be the largest and most powerful NEV maker in the world in three to five years’ time, Xu said last year.

Evergrande Health’s stock price [HKG:0708] rose 3.64 percent to close at HKD37.05 (USD4.78).

Editor: Kim Taylor

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Keywords:   EverGrande,car,Hengchi,NEV