Evergrande’s EV arm chased to repay subsidies in latest blow

Evergrande’s EV arm chased to repay subsidies in latest blow

May 23, 2024 / Riah Marton /



THE electric vehicle (EV) unit of embattled real estate developer China Evergrande Group is being pursued by local governments to repay 1.9 billion yuan (S$354.1 million) in subsidies after failing to start mass-production of its long-awaited car.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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