Once Worth More Than Ford, Evergrande’s EV Unit Erases Billions

Bloomberg2021-09-14

Evergrande New Energy Vehicle Group Ltd. shares plunged anew Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year. The ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

HJHeng
2021-09-14
HJHeng
ok
- HJHeng:
  ok
Toratoratora
2021-09-14
Toratoratora
Like and comment bruhhhhh
- Toratoratora:
  k
Vincentwong
2021-09-14
Vincentwong
ok
- Vincentwong:
  ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1135350470?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-14 14:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1135350470","market":"hk","top_or_hot":-1,"title":"Once Worth More Than Ford, Evergrande’s EV Unit Erases Billions","media":"Bloomberg","content":"<div>\n<p>Evergrande New Energy Vehicle Group Ltd. shares plunged anew Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year.\nThe ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-14/once-worth-more-than-ford-evergrande-nev-slumps-on-parent-woes\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Once Worth More Than Ford, Evergrande’s EV Unit Erases Billions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOnce Worth More Than Ford, Evergrande’s EV Unit Erases Billions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 14:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-14/once-worth-more-than-ford-evergrande-nev-slumps-on-parent-woes><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Evergrande New Energy Vehicle Group Ltd. shares plunged anew Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year.\nThe ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-14/once-worth-more-than-ford-evergrande-nev-slumps-on-parent-woes\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00708","symbol_name":"恒大汽车","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-09-14/once-worth-more-than-ford-evergrande-nev-slumps-on-parent-woes","article_id":"1135350470","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135350470","pubTimestamp":1631601304,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Evergrande New Energy Vehicle Group Ltd. shares plunged anew Tuesday, extending a decline that has w","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"00708":"恒大汽车"},"translate_title":"价值一度超过福特汽车，恒大电动车抹去数十亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00708":0.9},"content_text":"Evergrande New Energy Vehicle Group Ltd. shares plunged anew Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year.\nThe Hong Kong-listed company -- which at its peak in April was worth more than Ford Motor Co. despite it not yet having a car on the market -- has become ensnared in the woes of its parent China Evergrande Group. The property developer said Tuesday it’s facing “tremendous” liquidity strains as it grapples with $300 billion of liabilities.\nEvergrande also said it had made “no material progress” on plans to sell stakes in its electric-car unit, which was once one of its most valuable assets. Evergrande NEV stock plunged as much as 24% in Hong Kong trading Tuesday to as low as HK$3.92. It has slumped almost 95% from its highs.\n\nIn its earnings report last month, Evergrande NEV -- which stands for New Energy Vehicles -- said it might have to delay car production unless it can secure more capital in the short term, making its ambitious goal of unseating Tesla Inc. as the world’s biggest EV maker even more unlikely.\nThe plunge is a far cry from the heady days of earlier this year, when the stock capped a stunning 750% rally, and the automaker made a splash with an expansive showroom at the heart of the Shanghai Auto Show in April. But while nine models were put on display, none are yet available for sale.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":886503991,"gmtCreate":1631601497313,"gmtModify":1676530586814,"author":{"id":"3582079598760316","authorId":"3582079598760316","name":"HJHeng","avatar":"https://static.tigerbbs.com/216d2deeae8cc528f4e65e3f85077cbf","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582079598760316","idStr":"3582079598760316"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886503991","repostId":1135350470,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5863307,"gmtCreate":1631601502730,"gmtModify":1663233858633,"authorId":3582079598760316,"author":{"id":3582079598760316,"idStr":"3582079598760316","authorId":3582079598760316,"name":"HJHeng","avatar":"https://static.tigerbbs.com/216d2deeae8cc528f4e65e3f85077cbf","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886503991,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":886509592,"gmtCreate":1631601398516,"gmtModify":1676530586806,"author":{"id":"3573023523256265","authorId":"3573023523256265","name":"Toratoratora","avatar":"https://static.tigerbbs.com/4620e4b1ebb53c254b704a72429a7a3b","vip":1,"crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3573023523256265","idStr":"3573023523256265"},"htmlText":"Like and comment bruhhhhh","listText":"Like and comment bruhhhhh","text":"Like and comment bruhhhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886509592","repostId":1135350470,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5863298,"gmtCreate":1631601408330,"gmtModify":1663233861238,"authorId":3573023523256265,"author":{"id":3573023523256265,"idStr":"3573023523256265","authorId":3573023523256265,"name":"Toratoratora","avatar":"https://static.tigerbbs.com/4620e4b1ebb53c254b704a72429a7a3b","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886509592,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"},{"id":886509893,"gmtCreate":1631601375012,"gmtModify":1676530586797,"author":{"id":"4088590202250050","authorId":"4088590202250050","name":"Vincentwong","avatar":"https://community-static.tradeup.com/news/d33ac9d4da6230b64c0a0c9b3b75281e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088590202250050","idStr":"4088590202250050"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886509893","repostId":1135350470,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5863294,"gmtCreate":1631601380670,"gmtModify":1663233861625,"authorId":4088590202250050,"author":{"id":4088590202250050,"idStr":"4088590202250050","authorId":4088590202250050,"name":"Vincentwong","avatar":"https://community-static.tradeup.com/news/d33ac9d4da6230b64c0a0c9b3b75281e","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886509893,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":21,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135350470"}