China Evergrande's liquidators still in talks for stake sale in EV unit By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: Investing.com
Evergrande's Electric Vehicle Arm: Liquidators of China Evergrande are negotiating with a potential buyer to sell a stake in its electric vehicle division to secure funding for production amid ongoing financial difficulties.
Debt Crisis Impact: The electric vehicle maker, once valued higher than Ford and aimed at competing with Tesla, is struggling with severe funding shortages and has initiated bankruptcy proceedings for two of its units.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
