Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.
The post Xiaomi denies as rumors swirl that it plans to acquire stake in Evergrande NEV appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said.
The post Evergrande NEV president detained on suspicion of criminal behavior appeared first on CnEVPost.
For more articles, please visit CnEVPost.
NWTN will get a 27.5 percent stake in Evergrande NEV and the right to nominate a majority of the board of directors, valuing the Chinese carmaker at $1.82 billion.
The post Evergrande NEV, mired in losses, announces $500 million investment from Middle Eastern investor appeared first on CnEVPost.
For more articles, please visit CnEVPost.
After today's rally, Evergrande NEV stock is still down about 45 percent from before trading resumed.
The post Evergrande NEV jumps over 40% after stock sees dramatic plunge on 1st day of resumed trading appeared first on CnEVPost.
For more articles, please visit CnEVPost.