Evergrande Says It Will Launch First EV in September

China’s debt-ridden developer Evergrande has said it is on track to deliver its first electric vehicle in September, despite rumours about an indefinite delay, according to a report in Sina Finance.

Evergrande dismissed speculation about planned delays to its EV’s launch, but added mass production of the e-SUV Hengchi 5 will be “adjusted” and pushed back by a quarter to September 20 due to the impact from Covid, the report added.

Full story: Sina Finance

China Grants Evergrande NEV Approval To Start Vehicle Sales

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.