Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss

//Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss

Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss

Evergrande Health said on Friday it will unveil a next-generation electric vehicle at the Geneva International Motor Show in March, and will invest 6 billion yuan (US$846.4 million) in the second half this year, shrugging aside a loss of 1.98 billion yuan for the six months to June 30.The company, a listed unit of China Evergrande, China’s third-largest developer by sales, started a new energy vehicle segment only in June last year. It has invested 14 billion yuan into developing the next…

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By | 2019-08-24T00:00:13+00:00 August 24th, 2019|Business|Comments Off on Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss