Evergrande Aims for EV Capacity of Up to 1 Million in 3 Years
This article is for subscribers only.
Evergrande Health aims to have production capacity of up to 1 million vehicles within three years as part of its efforts to become the world’s largest electric car manufacturer, starting with a "pure battery" electric vehicle in June.
The China Evergrande Group unit said in a statement Friday that production of its electric car "for the masses" would start at its Tianjin plant. Its description as a pure EV suggests the new car won’t be a hybrid.