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China's Evergrande unveils six EVs as race to beat Tesla heats up

Indebted developer has five-year goal to become largest maker of electric vehicles

One of the models unveiled by Evergrande as it seeks to further its EV ambitions. (Photo courtesy of Evergrande Group)

HONG KONG -- Chinese property developer Evergrande has given further proof of its goal of making a big shift into electric vehicles, unveiling six different models as it vows to become the world's largest EV producer within five years.

The Shenzhen-based company, one of China's top three property developers, ventured into the EV business two years ago and has spent tens of billions of dollars on acquisitions, research and building factories.

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