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.
First model under Hengchi brand will enter highly competitive domestic market
Evergrande Group's Hengchi electric vehicles are displayed during a media day at the Auto Shanghai show on April 19, 2021. © Reuters
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.