China's Evergrande is significantly scaling back its investments into electric vehicles thanks to slowing sales of environmentally friendly cars. Evergrande invested approximately $2.9 billion into EV ventures this year; that number will drop to $2.1 billion in 2020 and $1.4 billion in 2021, South China Morning Post reports. Meanwhile, EV sales in... Evergrande readies its own electric car, slows on the pace of EV investments
China's Evergrande is significantly scaling back its investments into electric vehicles thanks to slowing sales of environmentally friendly cars. Evergrande invested approximately $2.9 billion into EV ventures this year; that number will drop to $2.1 billion in 2020 and $1.4 billion in 2021, South China Morning Post reports. Meanwhile, EV sales in...