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Business trends

Evergrande plans Shanghai listing to boost EV goal

Chinese developer aims to become largest electric vehicle maker in 3-5 years

One of the new Evergrande electric vehicle models unveiled this year. The Chinese developer is promising a big push into EVs. (Photo courtesy of Evergrande) 
NIKKI SUN, Nikkei staff writer | China

HONG KONG - China Evergrande Group, one of the nation's biggest developers, has further signalled its intent in the race to become the nation's top rival to Tesla, with a proposal to list its electric vehicle unit in Shanghai.

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