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Electric cars in China

China's Evergrande teams with 5 European EV developers

Tie-ups to fuel property group's expansion into green vehicles

Evergrande also is building electric vehicle production sites in China, where 1.25 million such autos were sold last year.   © Reuters

GUANGZHOU -- Real estate conglomerate China Evergrande Group has partnered with five European automotive engineering companies to develop 15 electric vehicle models.

The move goes hand in hand with the EV production centers Evergrande is building in Guangzhou. The group eyes annual capacity of 5 million so-called new-energy vehicles within the next decade.

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