China Evergrande New Energy Vehicle Group Limited (EVGRF)

Overview

China Evergrande New Energy Vehicle Group Limited stands as a pivotal entity in the realm of new energy vehicles, embedding itself in the fabric of technology research, development, manufacturing, and sales on a global scale. Initially launched in 1999 and originally named Evergrande Health Industry Group Limited, the company pivoted to its current nomenclature in August 2020 to more accurately reflect its evolved focus on new energy vehicles. With its headquarters stationed in Guangzhou, People's Republic of China, Evergrande NEV operates under the corporate umbrella of China Evergrande Group, signifying a substantial backing and integration within the larger conglomerate’s vast network. Their operational spectrum spans across critical markets in the People's Republic of China and extends to Europe and other international regions, signifying the global ambition and reach of the company. Evergrande NEV’s business ventures encapsulate a diversified range of products and services from the sale of living projects to sophisticated smart mobility solutions, furthering the development of power lithium-ion batteries and electric vehicles. This multifaceted approach not only reinforces their commitment to innovation within the new energy vehicle sector but also captures a broader mission to revolutionize mobility, healthcare, and home care solutions for a more sustainable future.

Products and Services

• Development and Sale of Vehicle Living Projects: A unique fusion of automotive and living space, these projects aim to redefine the concept of mobility with integrated living solutions tailored for vehicle environments.
• Landscaping Business: This segment of their operations involves crafting aesthetically pleasing and functional outdoor spaces, enhancing the environmental ambiance around their various projects.
• Smart Mobility Products: Evergrande delves into the future of transportation through the creation and sale of smart mobility products, which emphasize connectivity, automation, and efficiency.
• Power Lithium-ion Batteries: The company leverages its technological prowess in the design and manufacturing of power lithium-ion batteries, key components that power the new generation of electric vehicles and numerous other electronic devices.
• Electric Vehicles: At the core of its product line, Evergrande NEV focuses on the research, development, manufacturing, and sale of electric vehicles. These vehicles embody the company’s commitment to reducing carbon footprints and promoting sustainable transportation.
• Home Care and Healthcare Products Wholesale: Diversifying its portfolio, Evergrande NEV also engages in the wholesaling of a variety of home care and healthcare products, aiming to enhance the quality of life through innovative solutions.
• Technical Services: The company offers a broad spectrum of technical services, encompassing vehicle and vehicle components sales, demonstrating their comprehensive expertise in the new energy vehicle sector.