China Evergrande New Energy Vehicle Group is a subsidiary of the Evergrande Group, a major Chinese real estate developer. Established in 2019, the company focuses on producing electric vehicles (EVs) and aims to become a significant player in the global EV market. The company has ambitious plans to develop a range of electric cars, including sedans and SUVs. It has also invested in research and development to enhance battery technology and improve vehicle performance, aligning with China's push for greener transportation solutions.