And almost four times the capitalization of China Evergrande. Sank as much as 22 Thursday after its parent said the unit lost 48 billion yuan 740 million in the first half.
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The outstanding performance and significantly reduced liability amount reveals that Evergrande.
Evergrande group ev. It says it intends to be a world leader in EVs. Evergrande Group is exploring sales of stake in its electric vehicle business in an attempt to pay its debt and improve its financial condition. On March 31 Evergrande Group 3333HK of China released its 2020 performance report.
The embattled Chinese property developer said in a statement released late Tuesday that it has initiated discussions with several independent third-party investors to sell stakes in its EV. The EV businesss market value was about 87 billion at its April 16 peak greater than that of Ford Motor Co. Evergrande Group in China says it will invest 23 billion to build factories to make batteries and electric cars.
China Evergrande New Energy Vehicle Group Ltd.
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