GUANGZHOU -- The electric vehicle unit of China Evergrande Group has begun accepting preorders for its first model, in what the cash-strapped property developer hopes will be the first step to recouping its hefty investments in a competitive sector.
Electric cars in China
China's embattled Evergrande starts preorders for new EVs
Property developer faces uphill battle breaking into crowded electrics market
Evergrande Group committed to investing 45 billion yuan in its EV business. (Photo from China Evergrande New Energy Vehicle Group's social media)
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Electric cars in China
