ElectricCar

China’s $87 Billion Electric-Car Giant Hasn’t Sold a Vehicle Yet

Photographer: Qilai Shen/Bloomberg

China Evergrande New Energy Vehicle Group Ltd.’s expansive pop-up showroom sits at the heart of Shanghai’s National Exhibition and Convention Center. With nine models on display, it’s hard to miss. The electric car upstart has one of the biggest booths at China’s 2021 Auto Show, which starts Monday, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth — Evergrande hasn’t sold a single car under its own brand.

China’s largest property developer has an array of investments outside of

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The Next Electric-Car Battery Champion Could Be European

Photographer: Alex Kraus/Bloomberg

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With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the continent.

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After years of ceding the EV battery business to foreign companies, Europe wants in. Prospective manufacturers are popping up in the Nordic region, Germany, France, the U.K. and Poland in a transcontinental competition to chip away at

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