Could China’s electric carmakers bring on another Evergrande moment?

Could China’s electric carmakers bring on another Evergrande moment?

China’s electric vehicle industry is starting to look a lot like a re-run of the property sector’s disaster that has weighed down its economy for more than four years.

From collapse to comeback: HiPhi resurrected by Lebanese investor

After halting production for a year and teetering on the brink of collapse, Chinese premium EV brand HiPhi is preparing a return. This time under new ownership. Lebanese EV startup EV Electra acquired a majority stake in the embattled automaker. The stage is set for a potential reboot of one of China’s most ambitious electric car brands. Founded in 2017, HiPhi once drew international attention with its ultra-futuristic electric models, such as t…

Could China’s electric carmakers bring on another Evergrande moment? – The Sydney Morning Herald

Could China’s electric carmakers bring on another Evergrande moment?  The Sydney Morning Herald Source link The post Could China’s electric carmakers bring on another Evergrande moment? – The Sydney Morning Herald first appeared on Online EV Marketplace.