Evergrande suspends mass production of Hengchi 5 EV due to lack of orders, report says

Hengchi 5 — The Hengchi 5 SUV is currently Evergrande's only EV. (BLOOMBERG)

R

By:

Reuters

December 02, 2022 10:45 AM

SHANGHAI -- China Evergrande Group's electric vehicle unit has suspended mass production of its only model due to a lack of new orders, two people with knowledge of the matter said, in the latest set of troubles facing the indebted property developer.

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