The company was renamed from China Evergrande Health Industry Group to focus on its electric-car business. Photo: Handout The company was renamed from China Evergrande Health Industry Group to focus on its electric-car business. Photo: Handout
The company was renamed from China Evergrande Health Industry Group to focus on its electric-car business. Photo: Handout

China Evergrande electric-car unit to raise US$516 million from at least six investors such as Tencent, Jack Ma-backed Yunfeng Capital

  • China Evergrande New Energy Vehicle Group will sell as many as 176.6 million shares in a private placement
  • Shares will account for about 2 per cent of company’s enlarged capital

Topic |   Electric cars
The company was renamed from China Evergrande Health Industry Group to focus on its electric-car business. Photo: Handout The company was renamed from China Evergrande Health Industry Group to focus on its electric-car business. Photo: Handout
The company was renamed from China Evergrande Health Industry Group to focus on its electric-car business. Photo: Handout
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