The China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on September 24, 2021. Photo: Bloomberg The China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on September 24, 2021. Photo: Bloomberg
The China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on September 24, 2021. Photo: Bloomberg

China Evergrande’s carmaking unit says it is suspending some new energy vehicle projects due to fund shortage

  • Evergrande Auto’s share price plunged 23 per cent on Friday, down 97 per cent from its peak in February
  • The company’s parent Evergrande, the world’s most indebted developer, has US$300 billion in total liabilities

Topic |   Evergrande crisis
The China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on September 24, 2021. Photo: Bloomberg The China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on September 24, 2021. Photo: Bloomberg
The China Evergrande New Energy Vehicle Group Ltd. research headquarters in Shanghai, China, on September 24, 2021. Photo: Bloomberg
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