Evergrande Considering Sale of Swedish EV Unit
NEVS, a Swedish electric vehicle (EV) unit under China Evergrande Group, is negotiating with U.S. and European venture capital companies and industrial partners to find a new owner, Reuters reported on October 15. The firm’s top executive said this is due to the deep debt of more than $300 billion its Chinese parent company is now burdened with.
National…
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