Reported about 7 hours ago
China Evergrande New Energy Vehicle is struggling to attract strategic investors due to a severe liquidity crisis that has disrupted its operations and delayed audits for 2024. The company, which is part of the debt-laden China Evergrande Group, is actively seeking investors while focusing its limited funds on maintaining essential operations and cutting costs, including reducing its workforce. This comes as it attempts to stabilize and recover from the financial troubles facing its parent company.
Source: YAHOO