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Automakers

Before debt woes, China Evergrande's EV ambitions stunned industry

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China Evergrande New Energy Vehicle Group's Hengchi EVs are pictured at the Shanghai auto show this year. (BLOOMBERG)
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By:
Reuters
October 18, 2021 05:23 PM

SHANGHAI -- At the Shanghai auto show in April, the booth for China Evergrande Group's new energy vehicle unit was hard to miss.

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