China Evergrande May Delay Electric Cars Without More Funds

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China Evergrande May Delay Electric Cars Without More Funds

Bloomberg2021-08-30

China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it can secure more capital in the short-term. “The mass production of Hengchi vehicles has entered the ...

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ChenJing4826
·2021-08-31
Hohoho
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- ChenJing4826:
  Haha hi there?
  2021-08-31
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- Rache13:
  Yea
  2021-08-31
  Reply
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Troytan
·2021-08-31
Too ambitious and over leveraging
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1
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chi911
·2021-08-31
Like my post and you will huat big
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Zer0Dy
·2021-08-31
Nice!!
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1
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RS142
·2021-08-30
Omg
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6
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LongZR
·2021-08-30
Good
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6
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- LongZR:
  nice
  2021-08-30
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Azelia
·2021-08-30
like pls
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6
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ROLEM7790
·2021-08-30
Well said
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4
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alex alexalex
·2021-08-30
[害羞]
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5
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- alex alexalex:
  没
  2021-08-30
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- Apolonio:
  up
  2021-08-30
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jaytoo
·2021-08-30
Nice
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- Anni001:
  Nice
  2021-08-30
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fortuna
·2021-08-30
Like
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4
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- jaytoo:
  Done
  2021-08-30
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YLS0721
·2021-08-30
Sd
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- Lowger:
  woooooaaaaw
  2021-08-30
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YLS0721
·2021-08-30
Dd
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Jingsheng
·2021-08-30
Vv
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- Lowger:
  wooooooaaaaw
  2021-08-30
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DylanYii
·2021-08-30
Pls like
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- char_liew:
  Ok
  2021-08-30
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Jingsheng
·2021-08-30
Cf
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3
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YLS0721
·2021-08-30
Dd
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Saintrade
·2021-08-30
Oh ya
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- DylanYii:
  ?
  2021-08-30
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Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.\nMore than two years have now passed since Evergrande’s billionaire Chairman Hui Ka Yan pledged toovertakeElon Musk’sTesla Inc.as the world’s biggest EV maker within three to five years. That is looking increasingly impossible as Tesla ships record volumes, while Evergrande has only teased the market with video of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.\nLiquidity Concern\nOf greater concern to investors, and Hui, is the unit’s cratering share price. 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It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.\nThe start-up has 12.5 billion yuan of cash buffer at the end of June, compared with 13.3 billion yuan of borrowings and 73 billion yuan of trade payables due within a year, the filing shows.\n“Now that the parent company has a liquidity problem, it’s impossible for Evergrande New Energy to meet previous targets for car production.” Castor Pang, head of research at Core Pacific-Yamaichi International H.K. Ltd., said before the release.\nEven at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. 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leveraging","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818068741","repostId":1158949928,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811795442,"gmtCreate":1630344254086,"gmtModify":1676530276664,"author":{"id":"4090679047015980","authorId":"4090679047015980","name":"chi911","avatar":"https://static.tigerbbs.com/cd84c794a7abd7ef5c07cfb7b4251850","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4090679047015980","authorIdStr":"4090679047015980"},"htmlText":"Like my post and you will huat big","listText":"Like my post and you will huat big","text":"Like my post and you will huat big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811795442","repostId":1158949928,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811474936,"gmtCreate":1630340773825,"gmtModify":1676530276178,"author":{"id":"3556283763191239","authorId":"3556283763191239","name":"Zer0Dy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3556283763191239","authorIdStr":"3556283763191239"},"htmlText":"Nice!!&nbsp;","listText":"Nice!!&nbsp;","text":"Nice!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811474936","repostId":1158949928,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811409218,"gmtCreate":1630334225134,"gmtModify":1676530273600,"author":{"id":"3574118564601995","authorId":"3574118564601995","name":"RS142","avatar":"https://static.tigerbbs.com/22d2d9b1f352da24e6ea75b557ac987a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574118564601995","authorIdStr":"3574118564601995"},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811409218","repostId":1158949928,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811575706,"gmtCreate":1630334082605,"gmtModify":1676530273508,"author":{"id":"3572305441240915","authorId":"3572305441240915","name":"LongZR","avatar":"https://static.tigerbbs.com/80b6c7bb6866455f69d500fddb520c7e","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3572305441240915","authorIdStr":"3572305441240915"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811575706","repostId":1158949928,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5696128,"gmtCreate":1630334088767,"gmtModify":1663233124625,"authorId":3572305441240915,"author":{"id":3572305441240915,"idStr":"3572305441240915","authorId":3572305441240915,"name":"LongZR","avatar":"https://static.tigerbbs.com/80b6c7bb6866455f69d500fddb520c7e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811575706,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":811579749,"gmtCreate":1630333875881,"gmtModify":1676530273374,"author":{"id":"3582015738498025","authorId":"3582015738498025","name":"Azelia","avatar":"https://static.tigerbbs.com/44f8185952d41c4ad8e9dcacabe12506","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582015738498025","authorIdStr":"3582015738498025"},"htmlText":"like 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