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EV giant hasn't sold a single car


EV giant hasn t sold a single car
3
published :
20 Apr 2021 at 09:50
The Hengchi 1 will go up against Tesla s Model S. (Photo: AFP)
SHANGHAI: China Evergrande New Energy Vehicle Group Ltd s expansive pop-up showroom sits at the heart of Shanghai s National Exhibition and Convention Center. With nine models on display, it s hard to miss.
The electric car upstart has one of the biggest booths at the 2021 Shanghai Auto Show, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth Evergrande hasn t sold a single car under its own brand.
China s largest property developer has an array of investments outside of real estate, from soccer clubs to retirement villages. But it s the recent entry into electric cars that s captured investors imaginations. ....

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GAC Group Releases 'Glass Green Energy Plan' - Embracing Change Through Cultivation Of 'Four New Modernizations'


GAC Group Releases Glass Green Energy Plan - Embracing Change Through Cultivation Of Four New Modernizations
th annual Auto Shanghai, one of China s largest automobile expositions.
The event at the Shanghai National Exhibition and Convention Center gathers car companies from around the world to showcase their newest products and services. Every year, it attracts thousands of global media outlets and around 1 million audience.
GAC GROUP was proud to share some of the last 12 month s best products, information and technologies with enthusiastic attendees.
Fittingly for GAC GROUP, a company whose ethos revolves around innovation, the theme of this year s expo is Embracing Change . Billions of yuan funneled into research have resulted in new technologies for GAC GROUP, including lighter, longer life sponge silicon batteries, and superfast charging technology that can charge an electric vehicle in less than 20 minutes. ....

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