March 22, 2019 / 9:51 AM / 7 months ago

China's Evergrande Health aims to build production capacity for up to 1 million EVs in 3 years

HONG KONG (Reuters) - China’s Evergrande Health said on Friday it aims to build production capacity for 500,000 to 1 million electric vehicles in three years.

The company made the announcement at an earnings conference.

Its parent company, property developer China Evergrande Group, said earlier this week it will start producing its first electric vehicles in June as part of a goal to become the world’s largest new energy vehicle (NEV) company within the next three to five years.

(This story corrects headline and lead to production capacity).

Reporting by Forina Fu and Shellin Li; Writing by Clare Jim; Editing by Muralikumar Anantharaman

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