Musk’s Latest Challenger Is a Politically Savvy Chinese Tycoon
- Evergrande aims to become world’s biggest electric-car maker
- Billionaire’s empire spans theme parks to glamour soccer club
This article is for subscribers only.
China Evergrande Group’s new ambition to take on Tesla Inc. and become the world’s biggest maker of electric cars might seem to be an unusual direction for a property developer to take.
But it’s in keeping with forays billionaire founder Hui Ka Yan has made into businesses ranging from hospitals and theme parks to mineral water and soccer.