China Evergrande plans to slow down its pace of investments in electric vehicles as sales of the environmentally friendly cars continue to fall in the mainland, but the company says it is on track to debut its “Hengchi 1” model next year.The company, which sees itself as Tesla’s main challenger in China, will invest a total of 45 billion yuan (US$6.4 billion) by 2021, chairman Hui Ka-yan said at a conference organised by Evergrande that brought together global car-related companies in Guangzhou…
Source : South China Morning Post
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