Investing
China Evergrande’s EV unit warns it may halt production due to funds shortage
© Reuters. FILE PHOTO: A crane stands at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song
HONG KONG (Reuters) – China Evergrande New Energy Vehicle Group Ltd said on Thursday it was at risk of halting production of electric vehicles (EVs) as it was unable to obtain additional liquidity.
The EV manufacturing unit of the embattled developer China Evergrande Group said if it was able to obtain financing of more than 29 billion yuan ($4.21 billion) “in the future”, it planned to launch a number of flagship models and hoped to achieve mass production.
($1 = 6.8802 )
Read the full article here
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
Mark Zuckerberg Is Now Second Richest Person in the World
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
Learn a New Language with This Fresh Approach
BCA says investors should fade the real estate rally By Investing.com
3 Steps You Can’t Miss When Growing Your Business
Protect Your Business With AdGuard VPN’s Powerful Security Features
This Minimalist Lamp Lets You Pick From 16 Million+ Lighting Colors for Maximum Productivity
15 Jobs That Will Shrink the Fastest Over the Next Decade
How to Maximize Your Profits With This Annual 8-Step Checklist
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles5 days ago3 Steps You Can’t Miss When Growing Your Business
-
Side Hustles7 days agoProtect Your Business With AdGuard VPN’s Powerful Security Features
-
Passive Income7 days agoThis Minimalist Lamp Lets You Pick From 16 Million+ Lighting Colors for Maximum Productivity
-
Make Money6 days ago15 Jobs That Will Shrink the Fastest Over the Next Decade
-
Side Hustles6 days agoHow to Maximize Your Profits With This Annual 8-Step Checklist
-
Side Hustles6 days agoWant to Start a Business? Consider Buying One Instead — Here’s Why.
-
Passive Income6 days agoWhy Email Marketing Is Still Your Business’s Most Powerful Tool
-
Investing5 days agoGermany stocks lower at close of trade; DAX down 0.65% By Investing.com