ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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) 

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.

The proposal follows the successful listing of two Chinese electric vehicle startups -- Xpeng Motors and Li Auto -- in the U.S, with their shares surging thanks to growing investor interest in green vehicles.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more