Reported about 1 month ago
A creditor has filed for the bankruptcy of Evergrande NEV's unit, the Evergrande Hengchi New Energy Vehicle, due to unpaid debts. This marks the third bankruptcy petition against the struggling electric vehicle manufacturer. The No.3 Intermediate People's Court in Shanghai will hold a hearing on September 18 to determine if the bankruptcy proceedings will move forward, potentially impacting the already troubled finances of the larger Evergrande Group.
Source: YAHOO