China Evergrande New Energy Vehicle Group Ltd. said that it had received non-binding pre-orders for more than 37,000 units of its first model, Hengchi 5.
\nPre-orders for the Hengchi 5 have far exceeded the company’s expectations, president Liu Yongzhuo said at an online event.
\nThe electric vehicle (EV) unit of Evergrande started to accept non-binding pre-orders two weeks ago, with buyers paying 1,000 yuan ($148.13) as a deposit for the pure-electric sport-utility vehicle priced at 179,000 yuan.
\nThe EV unit also said it will start delivering the first batch of 10,000 Hengchi 5 cars from Oct. 1, 2022, to March 31, 2023. Buyers will be fully refunded if they change their minds within 15 days of pickup.
\nAccording to company executives’ recent statements, mass production of the Hengchi 5 has been delayed to the third quarter of June, while its parent Evergrande Group has been reeling under more than $300 billion worth of liabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"
China Evergrande New Energy Vehicle Group Ltd. said that it had received non-binding pre-orders for more than 37,000 units of its first model, Hengchi 5. Pre-orders for the Hengchi 5 have far exceeded the company’s expectations, president Liu Yongzhuo said at an online event. The electric vehicle (EV) unit of Evergrande started to accept non-binding pre-orders two weeks ago, with buyers paying 1,000 yuan ($148.13) as a deposit for the pure-electric sport-utility vehicle priced at 179,000 yuan. The EV unit also said it will start delivering the first batch of 10,000 Hengchi 5 cars from Oct. 1, 2022, to March […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-507465","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=507465"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507465\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}