China Evergrande’s aspiration for a foothold in China’s rapidly growing EV market comes up against a liquidity crunch at its beleaguered parent. Photo: Handout China Evergrande’s aspiration for a foothold in China’s rapidly growing EV market comes up against a liquidity crunch at its beleaguered parent. Photo: Handout
China Evergrande’s aspiration for a foothold in China’s rapidly growing EV market comes up against a liquidity crunch at its beleaguered parent. Photo: Handout

Evergrande NEV’s US$75 billion loss in value dashes Hui Ka-yan’s hopes for a share of the world’s largest market for electric cars

  • China Evergrande New Energy Vehicle Group has lost 93 per cent or US$75.3 billion of market value from its peak in February
  • At its peak, Evergrande’s EV unit was worth more than US industry icons Ford and General Motors

Topic |   China stock market
China Evergrande’s aspiration for a foothold in China’s rapidly growing EV market comes up against a liquidity crunch at its beleaguered parent. Photo: Handout China Evergrande’s aspiration for a foothold in China’s rapidly growing EV market comes up against a liquidity crunch at its beleaguered parent. Photo: Handout
China Evergrande’s aspiration for a foothold in China’s rapidly growing EV market comes up against a liquidity crunch at its beleaguered parent. Photo: Handout
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