View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond So View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond So
View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond So
China property

China Evergrande stays upbeat on home sales target amid margin squeeze, losses in electric car venture

  • Vice-chairman Xia is confident developer can achieve its 650 billion yuan sales target even as margins suffer
  • Group is also pouring billions of yuan into electric car venture to overtake Tesla and rule the global market in three to five years

Topic |   China property
View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond So View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond So
View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond So
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