by Tyler Durden
Evergrande's existential challenges are becoming ever grander by the day.
While we have long profiled the growing troubles facing China's largest and the world's most indebted property developer, which at the end of 2020 boasted more than $300 billion in total liabilities and which has tried to quell mounting concerns over its financial health since May - the melting ice cube that is Evergrande (which just one year ago vowed it would magically pivot into electric cars and would become China's "Largest, Most Powerful" EV maker in a few years) had a close encounter with a blowtorch earlier this week when as we noted, the company's shares crashed below liquidation level (i.e., the value of its standalone assets), trading