Evergrande Claims To Have Received 37,000 Hengchi 5 Pre-Orders In Two Weeks | Carscoops carscoops
has an ambitious plan to make one million EVs a year by 2025 and is currently in the middle of a debt restructuring plan due to difficulties it has had in raising external investment for the Hengchi brand.5 is 4.73-meters long and is outfitted with a CATL-sourced lithium-phosphate battery. It is powered by a 201 hp electric motor and Hengchi claims it can travel 435 miles on a single charge according to the NEDC testing cycle .
In early 2019, Evergrande chairman Hui Ka Yan said the company would “strive to become the world’s biggest, and the strongest, electric vehicle group within three to five years.” He has added that he wants to shift Evergrande group’s primary business from real estate to its automotive venture within 10 years.
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