Motors Tracker

  Evergrande Health Industry Group, which is spearheading Chinese property developer Evergrande Group's foray into the electric vehicle sector, will change its name to China Evergrande New Energy Vehicle Group before the Hong Kong stock market opens on Sept. 1, the firm said yesterday .   The company's stock ticker [HKG:0708] will remain unchanged, it added. The firm has become the country's most valuable emerging NEV maker with a market cap of HKD222.9 billion (USD28.7 billion), more than rival Nio which was worth USD21.1 billion as of the close of markets yesterday. Evergrande Health is developing its NEV business at full speed and aims to become the world's largest and most powerful green energy car company within the next three to five years, the Guangzhou-based firm said on July 27.   The firm unveiled six vehicle prototypes on Aug. 3. Pricing and other details have yet to be revealed.

A unit of Chinese real estate giant Evergrande Group unveiled an impressive six new energy vehicle prototypes under its Hengchi brand today at special events held in Shanghai and Guangzhou. Healthcare service firm Evergrande Health Industry Group, which is shifting its main line of business to the electric vehicle sector, revealed a range of high-end, ultra-luxurious, pure electric sedans, sports utility vehicles and multi-purpose vehicles numbered Hengchi 1 to Hengchi 6. The cars are designed by Denmark’s Anders Warming, the US’ Michael Robinson and Japan’s Maruyama Satomi, part of a global automotive design alliance formed last year by group Chairman Xu Jiayin. Mass production of the vehicles will begin next year, the Shenzhen-based firm said. Evergrande’s NEV production base plant in Guangzhou, southern Guangdong province, will go into operation in September or October, according to tech media 36Kr. The firm intends to build 10 vehicle manufacturing and core technology parts plants ...