China's Evergrande Health has grand ambitions on EVs

By REUTERS | 24 March 2019


HONG KONG: China’s Evergrande Health said it aims to build production capacity for 500,000 to 1 million electric vehicles in three years.

The company made the announcement at an earnings conference on Friday.

Its parent company, property developer China Evergrande Group, said last week it will start producing its first electric vehicles in June as part of a goal to become the world’s largest new energy vehicle (NEV) company within the next three to five years.

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