Evergrande, an electric car startup with no single car sale, raises $3.35 billion in IPO to compete with Tesla in China


Source: techstartups.com techstartups.com

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Evergrande, an electric car startup with no single car sale, raises $3.35 billion in IPO to compete with Tesla in China Nickie Louise Posted On January 25, 2021 Share On Facebook In less than 10 years, Tesla has revolutionized the electric car industry by creating premium electric vehicles with a great ownership experience. Just the gold rush of the 1800s, old and new carmakers are now jumping on the bandwagon. Global carmakers like General Motors, Audi, Ford, and new electric vehicle startups are betting that electric vehicles are the future. Today, China’s Evergrande new energy vehicle group made its debut...