How Evergrande Tried To Take On Tesla

Chinese property developer Evergrande has an electric vehicle subsidiary. In the past they had grand ambitions to overtake Tesla and become the largest and most powerful EV manufacturer in the world. At its peak, Evergrande's EV business has a $90 billion market capitalization, making them more valuable than Ford or General Motors. However, they have since been plagued by production issues and to date they have not delivered a single car.

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