waiting to sell...-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Rajadurai
2022-07-07

waiting to sell...

$XPeng Inc.(XPEV)$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.

$XPeng Inc.(XPEV)$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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