More than 450 billion yuan has been injected into 70 new energy vehicle projects in China, according to EvPartner. Photo: Bloomberg

China’s star electric vehicle maker claims former chief fled to the US after embezzling company funds

  • YLE says it has filed several cases against its former chairman and major shareholder, as well as a former general manager involved in stealing US$175 million
  • It alleges that the former chairman may have spent a portion of the stolen funds at casinos in Macau
Topic |   Electric cars

TOP PICKS

More than 450 billion yuan has been injected into 70 new energy vehicle projects in China, according to EvPartner. Photo: Bloomberg
READ FULL ARTICLE