China Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, today unveiled its first batch of six vehicles in Shanghai and Guangzhou at the same time.
They are the Hengchi 1, Hengchi 2, Hengchi 3, Hengchi 4, Hengchi 5 and Hengchi 6, covering all classes from A to D, as well as passenger vehicles such as sedans, coupes, SUVs, MPVs and crossovers.
Since announcing its entry into the automotive sector, China Evergrande has launched its automotive products in just two years.
Previously named Evergrande Health, the company announced last week that it intends to change the company's name to "China Evergrande NewEnergy Vehicle Group Limited" in light of the fact that new energy vehicles have become the group's most important business.
The company said it already has the world's top core technologies in each key segment and has collaborative research and development centers in China, Sweden, Germany, the UK, the Netherlands, Austria, Italy, Japan and South Korea.
It aims to become the world's largest and strongest new energy vehicle group in 3-5 years, the company said.