Evergrande New Energy Vehicle, the electric vehicle division of the world’s most indebted real estate developer, announced on Monday that it will begin taking orders for its inaugural electric car, the Hengchi 5 SUV, “immediately” and will open centers sales in 15 major cities in China.
Liu Yongzhuo, president of China Evergrande’s electric vehicle division, made the announcement at an online meeting attended by nearly 200 global parts suppliers on Sunday, the company said on its Wechat social media account.
The publication did not mention exactly when the company will start taking orders for the vehicle.
The subsidiary is trying to secure external investments.
Evergrande told investors last week it was trying to woo investors to help bolster the unit’s finances, a goal it has been pursuing for months without much success.
Evergrande New Energy Vehicle said in November that it was negotiating with potential buyers about the divestiture of some assets and talking to potential investors about financing.
Evergrande chairman Hui Ka Yan said at an internal meeting last week that the electric vehicle company will start mass production on June 22 after obtaining approval from the Ministry of Industry and Information Technology to start sales early. Of this month.
Source: CNN Brasil
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