Posted inChina

Evergrande invests heavily in new-energy vehicles

One of China’s real estate giants, Evergrande Group, has set up a new energy car company and four wholly-owned subsidiaries involved in electric car technology and sales, The Paper reported. Since 2018, Xu Jiayin, chairman of Evergrande, has no longer invested in Jia Yueting’s electric car brand, Faraday Future. Instead, Xu has kicked off a series […]

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