By STR / AFP CHINA OUT China’s property giant Evergrande began production of its first electric car in the northern city of Tianjin on Friday, a subsidiary of the group announced. China’s property giant Evergrande began production of its first electric car in the northern city of Tianjin on Friday, a subsidiary of the group announced. Despite fighting for survival with an enormous debt of an estimated $260 billion, Evergrande is active in several sectors and has high hopes for the automotive market. The group “is pleased to announce that the mass production of Hengchi 5 will commence on 16 Sep…