China Evergrande is in a rush to accumulate capital to fund its ambition to dominate the global electric car marker. Photo: Reuters China Evergrande is in a rush to accumulate capital to fund its ambition to dominate the global electric car marker. Photo: Reuters
China Evergrande is in a rush to accumulate capital to fund its ambition to dominate the global electric car marker. Photo: Reuters

Tesla challenger Evergrande plans Shanghai stock offering in rush for capital to fund electric car ambitions

  • Proposed sale of yuan-denominated shares on Star Market is pending regulatory approval, China Evergrande New Energy Vehicle says filing
  • Move follows this week’s plan for a private stock placement to raise HK$3.99 billion from outside investors including Tencent and Yunfeng Capital

Topic |   Electric cars
China Evergrande is in a rush to accumulate capital to fund its ambition to dominate the global electric car marker. Photo: Reuters China Evergrande is in a rush to accumulate capital to fund its ambition to dominate the global electric car marker. Photo: Reuters
China Evergrande is in a rush to accumulate capital to fund its ambition to dominate the global electric car marker. Photo: Reuters
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