As China’s property market runs out of steam, China Evergrande Group founder Hui Ka Yan has an ambitious plan for his highly indebted property company to become a leading global maker of electric vehicles (EV).
"China is poised to become a world leader in the production of new energy vehicles,”

Hui said at a September ceremony in Shenzhen marking a new partnership with five global auto firms to jointly develop new energy vehicles. “The agreement allows Evergrande New Energy Vehicle Group to become a major force in this development.”

Source: https://www.worldshappenin.com/2020/06/chinas-richest-2019-hui-ka-yan-drives.html

cc