A view of Evergrande Auto’s factory in Songjiang district, Shanghai. Photo: Thomas Yau A view of Evergrande Auto’s factory in Songjiang district, Shanghai. Photo: Thomas Yau
A view of Evergrande Auto’s factory in Songjiang district, Shanghai. Photo: Thomas Yau

Evergrande’s Shanghai car plant sits idle after electric car unit’s dream turns into a nightmare of ceaseless cash burn

  • Evergrande Auto is making an all-out effort to start production of its first Hengchi-branded car as it looks for new sources of funding
  • Evergrande Auto’s shares jumped 44.4 per cent to HK$3.35 on Wednesday, on hopes of a white knight investor

Topic |   Evergrande crisis
A view of Evergrande Auto’s factory in Songjiang district, Shanghai. Photo: Thomas Yau A view of Evergrande Auto’s factory in Songjiang district, Shanghai. Photo: Thomas Yau
A view of Evergrande Auto’s factory in Songjiang district, Shanghai. Photo: Thomas Yau
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