On Sept 24, China Evergrande’s electric vehicle unit said it was still looking for new investors and asset sales, without which it would struggle to pay salaries to employees and cover other expenses. Reuters was on average two minutes ahead on all six key alerts.
Automotive
China Evergrande EV Unit cash strapped
24 September 2021, 3:51 pm 1 minute
Market Impact
The news wiped off nearly a quarter of the company’s market cap.
Article Tags
Topics of Interest: Automotive
Type: Reuters News First
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
