Evergrande’s Hengchi 5 electric SUV rolls off Tianjin plant after much delay, a key step in transforming the world’s most indebted developer

• The Hengchi 5 all-electric compact sports-utility vehicle (SUV) has a driving range of about 700 kilometres (435 miles) on a single charge
• The model, priced at less than 200,000 yuan, is cheaper than the 300,000-yuan price point where Tesla’s fiercest Chinese competitors compete at