A view of the Evergrande’s EV production line. The group has put its first-ever electric vehicle, the Nevs 93, into production. Photo: Handout A view of the Evergrande’s EV production line. The group has put its first-ever electric vehicle, the Nevs 93, into production. Photo: Handout
A view of the Evergrande’s EV production line. The group has put its first-ever electric vehicle, the Nevs 93, into production. Photo: Handout

China Evergrande billionaire takes early losses in plans to overtake Tesla, dominate global electric car market

  • Evergrande New Electric Vehicle Group losses widen in the first half as billionaire readies plants for mass production in 2021
  • Company aims to produce up to 1 million units within three to five years to become ‘the biggest and strongest’ in the world

Topic |   Tesla
A view of the Evergrande’s EV production line. The group has put its first-ever electric vehicle, the Nevs 93, into production. Photo: Handout A view of the Evergrande’s EV production line. The group has put its first-ever electric vehicle, the Nevs 93, into production. Photo: Handout
A view of the Evergrande’s EV production line. The group has put its first-ever electric vehicle, the Nevs 93, into production. Photo: Handout
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