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Evergrande Group

SHANGHAI, CHINA - AUGUST 17, 2022 - Real estate giant Evergrande Group is seen at the China Home Appliance and Consumer Electronics Expo (AWE) in Shanghai, China, March 23, 2021. On August 17, 2022, Xu Jiayin's Evergrande Group's Evergrande Automobile may be merged and acquired. Currently, Evergrande Automobile has only Tianjin factory with production qualification, and the pre-sale Hengchi 5 new energy model is produced here. On the evening of July 17, 2023, China Evergrande Group's financial report showed that Evergrande had a two-year loss of more than 812 billion yuan and total liabilities of more than 2.4 trillion yuan.

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Evergrande Group

SHANGHAI, CHINA - AUGUST 17, 2022 - Real estate giant Evergrande Group is seen at the China Home Appliance and Consumer Electronics Expo (AWE) in Shanghai, China, March 23, 2021. On August 17, 2022, Xu Jiayin's Evergrande Group's Evergrande Automobile may be merged and acquired. Currently, Evergrande Automobile has only Tianjin factory with production qualification, and the pre-sale Hengchi 5 new energy model is produced here. On the evening of July 17, 2023, China Evergrande Group's financial report showed that Evergrande had a two-year loss of more than 812 billion yuan and total liabilities of more than 2.4 trillion yuan.

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Evergrande Group

SHANGHAI, CHINA - AUGUST 17, 2022 - Real estate giant Evergrande Group is seen at the China Home Appliance and Consumer Electronics Expo (AWE) in Shanghai, China, March 23, 2021. On August 17, 2022, Xu Jiayin's Evergrande Group's Evergrande Automobile may be merged and acquired. Currently, Evergrande Automobile has only Tianjin factory with production qualification, and the pre-sale Hengchi 5 new energy model is produced here. On the evening of July 17, 2023, China Evergrande Group's financial report showed that Evergrande had a two-year loss of more than 812 billion yuan and total liabilities of more than 2.4 trillion yuan.

E

Evergrande Group

SHANGHAI, CHINA - AUGUST 17, 2022 - Real estate giant Evergrande Group is seen at the China Home Appliance and Consumer Electronics Expo (AWE) in Shanghai, China, March 23, 2021. On August 17, 2022, Xu Jiayin's Evergrande Group's Evergrande Automobile may be merged and acquired. Currently, Evergrande Automobile has only Tianjin factory with production qualification, and the pre-sale Hengchi 5 new energy model is produced here. On the evening of July 17, 2023, China Evergrande Group's financial report showed that Evergrande had a two-year loss of more than 812 billion yuan and total liabilities of more than 2.4 trillion yuan.

E

Evergrande Group

SHANGHAI, CHINA - AUGUST 17, 2022 - Real estate giant Evergrande Group is seen at the China Home Appliance and Consumer Electronics Expo (AWE) in Shanghai, China, March 23, 2021. On August 17, 2022, Xu Jiayin's Evergrande Group's Evergrande Automobile may be merged and acquired. Currently, Evergrande Automobile has only Tianjin factory with production qualification, and the pre-sale Hengchi 5 new energy model is produced here. On the evening of July 17, 2023, China Evergrande Group's financial report showed that Evergrande had a two-year loss of more than 812 billion yuan and total liabilities of more than 2.4 trillion yuan.

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Evergrande begins mass production of electric SUV

Photo taken in Beijing on Sept. 16, 2022, shows the Hengchi 5 sport-utility vehicle manufactured by Chinese real estate developer Evergrande Group's car-making arm. The group said the same day the carmaker has started mass production of the model, its first electric vehicle, at its Tianjin plant.

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Evergrande begins mass production of electric SUV

Photo taken in Beijing on Sept. 16, 2022, shows the Hengchi 5 sport-utility vehicle manufactured by Chinese real estate developer Evergrande Group's car-making arm. The group said the same day the carmaker has started mass production of the model, its first electric vehicle, at its Tianjin plant.

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