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 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

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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