Evergrande NEV has held meetings with suppliers and local authorities in the coastal city of Tianjin where it is building a car plant.
see photosIt said on its website that management will ensure that it reaches mass production next year.
China’s Evergrande New Energy Vehicle Group on Monday said it aims to start production of electric vehicles (EVs) next year, despite facing a struggle to secure outside investment.
Evergrande NEV, which is affiliated with troubled Chinese developer Evergrande Group, has held meetings with suppliers and local authorities in the coastal city of Tianjin where it is building a car plant. It said on its website that management will ensure that it reaches mass production next year.
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Evergrande NEV warned in a stock exchange filing last month that it was still seeking new investors and selling assets, and without it it would struggle to pay staff salaries and cover other expenses. may fall. It also scrapped plans to list shares in mainland China.
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