China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout.
China EV war: Evergrande raises US$3.35 billion in plan to dominate Tesla, NIO and other home rivals
- Company to sell 952.4 million new shares to six Hong Kong and mainland tycoons at a 9 per cent discount to Friday’s closing price
- Stock has risen 307 per cent over the past 12 months despite huge losses in recent years
Topic |
Electric cars
China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout.