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21 03 2019 01

The Chinese real estate group Evergrande Group announced that it intends to start production of its first electric vehicles in June. The company will use production technologies from Saab and Koenigsegg.

This apparently refers to the Saab successor NEVS (National Electric Vehicle Sweden), where Evergrande became the new main investor in January and which in turn took over 20 percent of the shares of the Swedish sports car manufacturer Koenigsegg shortly afterwards.

Nothing is yet known about the planned production volume, but the Chinese company apparently has big plans. “Evergrande will strive to become the world’s biggest, and the strongest, electric vehicle group within three to five years,” company boss Hui Ka Yan was quoted on ters.

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