View of the residential project called The Vertex, developed by China Evergrande, in Cheung Sha Wan, Hong Kong. Photo: Edmond SoView 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 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 SoView 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
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.