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China Evergrande plans to shift main business to new energy vehicles - Securities Times

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HONG KONG : China Evergrande Group will shift its main business to new energy vehicles within 10 years from property development, the state-backed Securities Times reported on Friday, quoting the developer's chairman Hui Ka Yan as saying.China's second-largest property developer will reduce its property s

HONG KONG : China Evergrande Group will shift its main business to new energy vehicles within 10 years from property development, the state-backed Securities Times reported on Friday, quoting the developer's chairman Hui Ka Yan as saying.

China's second-largest property developer will reduce its property sales to about 200 billion yuan per year to overhaul its business, Securities Times reported.Source: Reuters

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