China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout. China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout.
China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout.
Electric cars

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. China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout.
China Evergrande puts its first model of electric car into production in its Tianjin factory. Photo: Handout.
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