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Automakers

China's Evergrande plans to prioritize EV business

Evergrande Hengchi
Evergrande Group's Hengchi electric vehicles are seen displayed at the Hengchi booth during the 2021 Shanghai auto show in April. (REUTERS)
R
By:
Reuters
October 25, 2021 07:54 AM

HONG KONG -- China's Evergrande Group plans to prioritize growth of its nascent electric-vehicle business over its troubled core real estate operations.

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