Musk’s China Challenger to Debut Electric Car Next Year
- Model will come a year later than Evergrande first promised
- Property developer has plowed billions into EV ambitions
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China Evergrande Group, the property giant with ambitions to become the world’s biggest maker of electric vehicles, plans to unveil its debut car by June -- a year later than first promised.
The car, to be sold under the Hengchi brand, will debut in the first half of next year, with mass production starting in 2021, the company said in a statement late Tuesday.