China Evergrande New Energy Vehicle Group Ltd. is primarily engaged in the research, development, production, and sales of new energy vehicles, including lithium batteries and automotive components. Its main vehicle brand is Hengchi, with the Hengchi 5 being its first mass-produced model. The company's registered office is in Hong Kong, and its new energy vehicle business was founded in 2019.
Having paid dividends of RMB 27.7bn in 2018, noteholders must have been relieved when Evergrande Real Estate Group (3333 HK)  (“Evergrande” or the...