{"id":112322,"date":"2019-11-13T08:00:15","date_gmt":"2019-11-13T01:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/teslas-chinese-challenger-evergrande-slams-brakes-on-electric-car-investments-amid-slowing-sales\/"},"modified":"2019-11-13T09:03:45","modified_gmt":"2019-11-13T02:03:45","slug":"teslas-chinese-challenger-evergrande-slams-brakes-on-electric-car-investments-amid-slowing-sales","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/teslas-chinese-challenger-evergrande-slams-brakes-on-electric-car-investments-amid-slowing-sales\/","title":{"rendered":"Tesla\u2019s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales"},"content":{"rendered":"


\nChina 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 \u201cHengchi 1\u201d model next year.The company, which sees itself as Tesla\u2019s 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\u2026
\n
\nSource : South China Morning Post
\nRead more…Tesla\u2019s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande plans to slow down its pace of investments in electric vehicles as sales...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112322","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tdE","jetpack-related-posts":[{"id":118405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-stays-upbeat-on-home-sales-target-amid-margin-squeeze-losses-in-electric-car-venture\/","url_meta":{"origin":112322,"position":0},"title":"China Evergrande stays upbeat on home sales target amid margin squeeze, losses in electric car venture","date":"August 31, 2020","format":false,"excerpt":"\r China Evergrande, the country\u2019s biggest property developer by sales, is confident of achieving its sales target even as the group faces its biggest financial challenge after profit slumped on impact from the Covid-19 outbreak. It will focus on paring its debt burden.The developer posted a 24 per cent gain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-health-vows-to-challenge-the-likes-of-tesla-become-the-worlds-biggest-electric-vehicle-maker\/","url_meta":{"origin":112322,"position":1},"title":"Evergrande Health vows to challenge the likes of Tesla, become the world\u2019s biggest electric vehicle maker","date":"March 23, 2019","format":false,"excerpt":"\r Evergrande Health Group, a unit of Chinese developer Evergrande Group, said on Friday it aims to become the world\u2019s largest maker of new generation vehicles, and will continue to plough money into the business amid a reported net loss of 1.43 billion yuan (US$213.6 million) for 2018, down from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-if-last-year-was-bad-for-the-likes-of-evergrande-kaisa-and-fantasia-just-wait-for-2022-as-more-pain-predicted-for-investors\/","url_meta":{"origin":112322,"position":2},"title":"China property crisis: if last year was bad for the likes of Evergrande, Kaisa and Fantasia, just wait for 2022 as more pain predicted for investors","date":"January 1, 2022","format":false,"excerpt":"\r Last year has no doubt been difficult for Chinese developers and the pain could get worse in the new year for companies, homebuyers and investors alike. A liquidity crunch amid slowing home sales are likely to dominate sentiment.China Evergrande, Kaisa Group, Fantasia Holdings and Modern Land (China) all made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136070,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-to-buy-property-projects-off-its-ev-unit-to-sweeten-us19-billion-debt-restructuring-plan\/","url_meta":{"origin":112322,"position":3},"title":"Evergrande to buy property projects off its EV unit to sweeten US$19 billion debt restructuring plan","date":"April 25, 2023","format":false,"excerpt":"\r Evergrande seeks better stock market valuation for its electric car segment by improved focus and specialisation amid the group\u2019s proposal to swap its deeply distressed offshore bonds for shares of some of its affiliates, such as Evergrande NEV.\r \r Source : South China Morning Post\r Read more...Evergrande to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102752,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-targets-modest-sales-growth-for-2019-amid-weak-outlook-for-property-market\/","url_meta":{"origin":112322,"position":4},"title":"China Evergrande targets modest sales growth for 2019 amid weak outlook for property market","date":"January 8, 2019","format":false,"excerpt":"\r China Evergrande Group, one of the country\u2019s biggest property developers, has set its sales growth target for 2019 at the lowest in at least five years amid weakening demand. Evergrande is targeting 600 billion yuan (US$88 billion) in contracted sales this year, according to a filing to the Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-raised-2016-property-sales-target-to-300-billion-yuan\/","url_meta":{"origin":112322,"position":5},"title":"China Evergrande raised 2016 property sales target to 300 billion yuan","date":"August 9, 2016","format":false,"excerpt":"\r Guangdong-based China Evergrande Group, the country\u2019s second largest property developer, has raised its 2016 full-year sales target by 50 per cent to 300 billion yuan amid strong home sales.\r \r Source : South China Morning Post\r Read more...China Evergrande raised 2016 property sales target to 300 billion yuan","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112322"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112322"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112322\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}