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China, Evergrande earthquake: the number one electric car division in handcuffs. Stock suspended on the stock exchange

China, Evergrande earthquake: the number one electric car division in handcuffs. Stock suspended on the stock exchange
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Investor in Evergrande's Electric Car Unit to Pause Payments

(Bloomberg) The electric vehicle unit of defaulted property developer China Evergrande Group said Dubai-based NWTN Inc. will suspend carrying out its obligations under their share subscription agreement. Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesHamas Attack Prompts Blame Around Isra ....

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Evergrande's Troubled EV Maker Agrees to $500 Million Share Sale

(Bloomberg) The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc., sending the carmaker’s shares soaring Tuesday on expectations the deal could keep it in business.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Elect ....

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Evergrande's Troubled EV Maker Agrees to $500 Million Share Sale

(Bloomberg) The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc. in a deal that could keep the carmaker in business.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Takes the Lead in Thin Trading Session: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time ....

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China's electric car start-ups turn to private equity, venture capital for funds as they are turned away from Shanghai's Star Market

These applicants fell victim to Star Market’s tighter approval procedure, requiring substantial investments in research and development (R&D), as well as products that contain “hard technologies.” ....

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