Around two weeks after the first start of production, which took place with the exclusion of the media, Hengchi 5 LX is now celebrating the second attempt. With variant 2, the start is highly official. The Chinese media reports and…
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It was a small, humble ceremony held in Tianjin last week. Hengchi 5 LX, the Evergrande Group's first self-developed electric car, rolled off the production lines. The plant in Tianjin is therefore considered ready...
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It's quieter at the turn of the year, but there's always room for a little drama. Things are happening in Trollhättan that could be considered strange. NEVS is looking for new employees after a recent mass layoff. The…
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As long as Evergrande owns the Swedish Saab relics, the company will remain on our radar screen. The reports are dramatic, but apparently the administration is still sticking to the principle of hard landings. One…
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We remember, NEVS is still in negotiations with potential new owners. In order to make the bride beautiful, covers sometimes fall. NEVS is no exception. The editors of a Swedish car newspaper were visiting, who…
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In early November, Chinese media unanimously reported that the Hengchi 5 LX production license had been granted. Evergrande Auto had submitted the necessary documents, the details were publicly available. The start of production in January seemed to have been decided…
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It remains exciting at Evergrande Auto. The past stock market week was positive, the paper (HK 0708) left the market with larger gains, even if it had to give up a few points on Friday and lost today...
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Evergrande remains committed to the start of production of Hengchi 5. To this end, Evergrande Auto will be provided with fresh capital of US$ 347 million via the stock exchange. For this, the company is giving 900 million new…
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Hengchi 5 LX has cleared the final hurdle before production with the approval of the Ministry of Industry and Information Technology (MIIT). Is it just another electric SUV from a new brand rolling out here, or is Hengchi…
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Evergrande Auto provides itself with fresh money on the stock exchange for the start of production. Sono Motors wants (or needs) to do the same and is aiming for an IPO. However, the situation of the two companies is not compatible...
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No matter how bad the news from the Evergrande real estate division is. The car department stays on course and steers in the direction of production. As reported, this should start in January at the NEVS plant in Tianjin. That Hengchi…
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The Evergrande Auto Group disintegrates. What was hastily bought together in 2019 is being sold just as quickly. Protean Electric, a manufacturer and developer of in-wheel motors, was announced on 4.11/XNUMX. sold. The company changes ownership to Bedeo, a…
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Two years ago, NEVS and Sono Motors announced the planned production of the Sion in Trollhättan. Until now, it was believed that the contracts could be assumed to be binding. But these do not exist yet, as NEVS CEO Stefan...
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Life is hard for Chinese billionaires these times. Hui Ka Yan, founder of the Evergrande Group and at least temporarily one of the richest Chinese, should pay. With parts of his private fortune, he is now said to…
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A price rally in the Evergrande Auto share (HK 0708) triggered the announcement by founder Hui Ka Yan that he wanted to focus on the car business in the future. The stock is up nearly 12% today...
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