Evergrande Group in China says it will invest 23 billion to build factories to make batteries and electric cars. It says it intends to be a world leader in EVs.
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Shares of China Evergrande Groups electric vehicle unit are collapsing in Hong Kong wiping about 80 billion from what was the property.
Evergrande group ev. The electric vehicle EV arm of Chinas second largest developer Evergrande Group which is currently under serious liquidity crisis has given.
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