$XPeng Inc.(XPEV)$China Evergrande Group (OTCPK:EVGRF) is set to begin accepting orders for its Hengchi 5 SUV model this week, per a new regulatory filing.
Preorders for the vehicle are due to open on Wednesday, with pricing expected to be far below similar offerings from domestic competitors XPeng Inc. (XPEV) and NIO (NIO). The South China Morning Post indicated that the vehicle is expected to undercut competitors at a $23,878 list price to ensure strong initial sales for the EV unit connected to the heavily distressed real estate developer Evergrande (OTCPK:EGRNF).
The announcement comes only about a week after a winding-up petition against the struggling property developer was filed in Hong Kong. Trading in the name has been suspended for months as the firm has failed to report audited financials for 2021.021.
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- DrEaMx·2022-07-07nice nice9Report
- MortimerDodd·2022-07-07NIO and XPENG definitely have better cars than this one.7Report
- EvanHolt·2022-07-07I lost a lot of money in this company.5Report
- BellaFaraday·2022-07-07Thanks for your good post.5Report
- 苗派·2022-07-08Isn’t Evergrande Group in trouble ? Who will buy it’s car even it’s cheapest.3Report
- HelenJanet·2022-07-08Thanks for sharing 👍[Happy]5Report
- LesterTan·2022-07-08Buy evergrande ev at your own risk!3Report
- Maria_yy·2022-07-07Let's see if Evergrande's electric car sells well.2Report
- CY Tan·2022-07-07EV industry is getting crowded, hopefully there is enough money to be make for all players.2Report
- 88wlam88·2022-07-07Strong competition on EV in China amidst the worldwide slowdown….2Report
- adeley·2022-07-07aiyo. china is unpredictable2Report
- Kai kung·2022-07-07Hengchi or kimchi..2Report
- Roykoko·2022-07-07Continue monitor, not a good time to buy now2Report
- HilaryWilde·2022-07-07Price is not everything.1Report
- PandoraHaggai·2022-07-07Evergrande has changed a lot in recent years.1Report
- ElvisMarner·2022-07-07Will Hengchi5 really launch? I doubt it.1Report
- sigit s·2022-07-07eV is future but in what price?1Report
- Lostinroom·2022-07-07Their gov unpredictable. One move make the price like sliderLikeReport
- MaShao·2022-07-07thanks for sharing1Report
- adeley·2022-07-08wonder who writes these articlesLikeReport