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Evergrande's electric car division vowed to beat Tesla at its own game, but it's taken $740 million in losses so far this year and still hasn't sold a single car - Vimarsana News

Evergrande's electric car division vowed to beat Tesla at its own game, but it's taken $740 million in losses so far this year and still hasn't sold a single car

Evergrande shows off a new model of its car series, Hengchi, at an April car show. Costfoto/Barcroft Media via Getty Images Evergrande, China's second

Evergrande's Most Bizarre Holdings? Amusement Parks All Over China - Vimarsana News

Evergrande's Most Bizarre Holdings? Amusement Parks All Over China

Real estate giant Evergrande has been building 15 amusement park projects across China, dubbed "Fairyland," that are meant to rival Disneyland.

Debt-Ridden Evergrande Wanted to Beat Tesla, but It Hasn't Sold a Single Car - Vimarsana News

Debt-Ridden Evergrande Wanted to Beat Tesla, but It Hasn't Sold a Single Car

Evergrande Auto once commanded a valuation higher than Ford's, but its share price has now plunged 96%, and it may never sell a single car.