Evergrande EV unit gets China's permission to begin vehicle sales

First model under Hengchi brand will enter highly competitive domestic market

20220314 Evergrande EV

Evergrande Group's Hengchi electric vehicles are displayed during a media day at the Auto Shanghai show on April 19, 2021. © Reuters

YUSUKE HINATA, Nikkei staff writer

GUANGZHOU -- Embattled Chinese property company China Evergrande Group's electric vehicle unit has obtained sales approval from authorities for its initial vehicle, Nikkei has learned.

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