Evergrande Group, a conglomerate whose property growth enterprise is the most important in China, has launched the automobile model Hengchi to faucet the rising demand for electrical automobiles.
Hengchi used this week’s Auto Shanghai 2021 to showcase its first merchandise and had a minimum of 9 automobiles on show.
It helps that Hengchi has some huge bucks backing it. Its dad or mum firm, Evergrande, is considered one of China’s greatest firms with operations within the well being, actual property, tech and tourism sectors. Its foray into the auto business bought off to a rocky begin with an preliminary funding in Faraday Future that was finalized at the beginning of 2019. Shortly after, Evergrande purchased a controlling stake in NEVS, the corporate that attempted to avoid wasting Saab.
Now Evergrande is able to tackle China’s rising EV market with Hengchi. On the Shanghai auto present, the 9 Hengchis on show all featured a numerical title ranging from 1 and going as much as 9.
Hengchi electrical automobiles
Hengchi continues to be becoming out its automobile factories however expects to start out deliveries of its first 4 fashions in 2022. The 4 embrace the Hengchi 1, a big sedan to focus on the Tesla Mannequin S, and the Hengchi 3, 5 and 6—all crossovers of varied sizes.
The opposite fashions making up the 9 on show in Shanghai are principally sedans and a minivan. Extremely, Hengchi is planning so as to add 5 extra automobiles, which is able to deliver the overall to 14.
Few particulars have been launched however we all know Evergrande is working with various main automotive suppliers and designers, together with German automotive engineering firms Benteler and FEV Group, in addition to Swiss powertrain firm Hofer Engineering. Hengchi additionally has on its group Daniel Kirchert, a former BMW govt who co-founded rival EV startup Byton.
For extra from the Shanghai auto present, head to our devoted hub.
Excessive-Res Gallery: Hengchi 1 – 2021 Shanghai auto present