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
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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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- LongZR:
  nice
  2021-08-30
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Azelia
·2021-08-30
like pls
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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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Anni001
·2021-08-30
Please help likeThanks
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3
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- Couragesther:
  Ok
  2021-08-30
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jaytoo
·2021-08-30
Nice
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1
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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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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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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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Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5706831,"gmtCreate":1630418318249,"gmtModify":1663233176739,"authorId":3560490484138250,"author":{"id":3560490484138250,"idStr":"3560490484138250","authorId":3560490484138250,"name":"ChenJing4826","avatar":"https://community-static.tradeup.com/news/dd63734e2cea6ae5adc5684378244fb9","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.12.16","exceedPercentage":"93.85%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818066593,"type":1,"supId":5706524,"prevId":0,"content":"Haha hi there?","text":"Haha hi there?","html":"Haha hi there?"},{"id":5706524,"gmtCreate":1630417226821,"gmtModify":1663233175726,"authorId":3573532802717234,"author":{"id":3573532802717234,"idStr":"3573532802717234","authorId":3573532802717234,"name":"Rache13","avatar":"https://static.tigerbbs.com/ccf273862879d166aad5128bba7a8589","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818066593,"type":1,"supId":0,"prevId":0,"content":"<u>Yea</u>","text":"<u>Yea</u>","html":"<u>Yea</u>"}],"langContent":"EN"},{"id":818068741,"gmtCreate":1630366677283,"gmtModify":1676530280175,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571482048865852","authorIdStr":"3571482048865852"},"htmlText":"Too ambitious and over leveraging&nbsp;","listText":"Too ambitious and over leveraging&nbsp;","text":"Too ambitious and over 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,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"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,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"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,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"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,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"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,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"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 pls","listText":"like pls","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811579749","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811545647,"gmtCreate":1630333740189,"gmtModify":1676530273306,"author":{"id":"3583715129802849","authorId":"3583715129802849","name":"ROLEM7790","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583715129802849","authorIdStr":"3583715129802849"},"htmlText":"Well said","listText":"Well said","text":"Well said","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811545647","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811548707,"gmtCreate":1630333628509,"gmtModify":1676530273203,"author":{"id":"3583241719564784","authorId":"3583241719564784","name":"alex alexalex","avatar":"https://community-static.tradeup.com/news/70b9686e00805fd5dc432e73e65c8f37","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583241719564784","authorIdStr":"3583241719564784"},"htmlText":"[害羞]&nbsp;","listText":"[害羞]&nbsp;","text":"[害羞]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/811548707","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695992,"gmtCreate":1630333637681,"gmtModify":1663233124636,"authorId":3583241719564784,"author":{"id":3583241719564784,"idStr":"3583241719564784","authorId":3583241719564784,"name":"alex alexalex","avatar":"https://community-static.tradeup.com/news/70b9686e00805fd5dc432e73e65c8f37","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811548707,"type":1,"supId":0,"prevId":0,"content":"没","text":"没","html":"没"},{"id":5695993,"gmtCreate":1630333638051,"gmtModify":1663233123840,"authorId":4087194223446930,"author":{"id":4087194223446930,"idStr":"4087194223446930","authorId":4087194223446930,"name":"Apolonio","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811548707,"type":1,"supId":0,"prevId":0,"content":"up","text":"up","html":"up"}],"langContent":"CN"},{"id":811555017,"gmtCreate":1630333363439,"gmtModify":1676530272967,"author":{"id":"3581489684162254","authorId":"3581489684162254","name":"Anni001","avatar":"https://static.itradeup.com/news/d5be87dbe18cee1e85c9c2cb39fe99ce","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581489684162254","authorIdStr":"3581489684162254"},"htmlText":"Please help likeThanks&nbsp;","listText":"Please help likeThanks&nbsp;","text":"Please help likeThanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811555017","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695974,"gmtCreate":1630333592921,"gmtModify":1663233126731,"authorId":3557433279201512,"author":{"id":3557433279201512,"idStr":"3557433279201512","authorId":3557433279201512,"name":"Couragesther","avatar":"https://static.tigerbbs.com/fb776fde22322bb11f3651d216a6b06e","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811555017,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":811558536,"gmtCreate":1630333258225,"gmtModify":1676530272912,"author":{"id":"3578443684993206","authorId":"3578443684993206","name":"jaytoo","avatar":"https://static.tigerbbs.com/3d129d76551159d240f87ea1511b4685","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578443684993206","authorIdStr":"3578443684993206"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811558536","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695939,"gmtCreate":1630333492353,"gmtModify":1663233124137,"authorId":3581489684162254,"author":{"id":3581489684162254,"idStr":"3581489684162254","authorId":3581489684162254,"name":"Anni001","avatar":"https://static.itradeup.com/news/d5be87dbe18cee1e85c9c2cb39fe99ce","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811558536,"type":1,"supId":0,"prevId":0,"content":"<u>Nice</u>","text":"<u>Nice</u>","html":"<u>Nice</u>"}],"langContent":"EN"},{"id":811558901,"gmtCreate":1630333238803,"gmtModify":1676530272919,"author":{"id":"3572304910905752","authorId":"3572304910905752","name":"fortuna","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3572304910905752","authorIdStr":"3572304910905752"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811558901","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695872,"gmtCreate":1630333250390,"gmtModify":1663233126731,"authorId":3578443684993206,"author":{"id":3578443684993206,"idStr":"3578443684993206","authorId":3578443684993206,"name":"jaytoo","avatar":"https://static.tigerbbs.com/3d129d76551159d240f87ea1511b4685","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811558901,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":811522395,"gmtCreate":1630332970317,"gmtModify":1676530272723,"author":{"id":"3582699042080732","authorId":"3582699042080732","name":"YLS0721","avatar":"https://static.tigerbbs.com/ea717998fe45361ae3db780c78398b5a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582699042080732","authorIdStr":"3582699042080732"},"htmlText":"Sd","listText":"Sd","text":"Sd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811522395","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695876,"gmtCreate":1630333260325,"gmtModify":1663233124031,"authorId":3582886929910429,"author":{"id":3582886929910429,"idStr":"3582886929910429","authorId":3582886929910429,"name":"Lowger","avatar":"https://static.tigerbbs.com/2787202ad1607a43e761beb8e8d1e26c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811522395,"type":1,"supId":0,"prevId":0,"content":"woooooaaaaw","text":"woooooaaaaw","html":"woooooaaaaw"}],"langContent":"EN"},{"id":811526786,"gmtCreate":1630332958745,"gmtModify":1676530272715,"author":{"id":"3582699042080732","authorId":"3582699042080732","name":"YLS0721","avatar":"https://static.tigerbbs.com/ea717998fe45361ae3db780c78398b5a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582699042080732","authorIdStr":"3582699042080732"},"htmlText":"Dd","listText":"Dd","text":"Dd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811526786","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811528455,"gmtCreate":1630332903077,"gmtModify":1676530272690,"author":{"id":"3581652492343111","authorId":"3581652492343111","name":"Jingsheng","avatar":"https://static.tigerbbs.com/d68556e9b3ad919be12a1f91d38588ac","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581652492343111","authorIdStr":"3581652492343111"},"htmlText":"Vv","listText":"Vv","text":"Vv","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811528455","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695878,"gmtCreate":1630333267050,"gmtModify":1663233125046,"authorId":3582886929910429,"author":{"id":3582886929910429,"idStr":"3582886929910429","authorId":3582886929910429,"name":"Lowger","avatar":"https://static.tigerbbs.com/2787202ad1607a43e761beb8e8d1e26c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811528455,"type":1,"supId":0,"prevId":0,"content":"wooooooaaaaw","text":"wooooooaaaaw","html":"wooooooaaaaw"}],"langContent":"EN"},{"id":811521566,"gmtCreate":1630332860355,"gmtModify":1676530272693,"author":{"id":"3583106612879478","authorId":"3583106612879478","name":"DylanYii","avatar":"https://static.tigerbbs.com/63bdc7c51b67ab113984a8ecc77b3917","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583106612879478","authorIdStr":"3583106612879478"},"htmlText":"Pls like&nbsp;","listText":"Pls like&nbsp;","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811521566","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695777,"gmtCreate":1630332886867,"gmtModify":1663233124648,"authorId":3584923882881298,"author":{"id":3584923882881298,"idStr":"3584923882881298","authorId":3584923882881298,"name":"char_liew","avatar":"https://static.tigerbbs.com/8aecba864f5e9a00425071f07c5d1794","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811521566,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":811521848,"gmtCreate":1630332853484,"gmtModify":1676530272669,"author":{"id":"3581652492343111","authorId":"3581652492343111","name":"Jingsheng","avatar":"https://static.tigerbbs.com/d68556e9b3ad919be12a1f91d38588ac","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581652492343111","authorIdStr":"3581652492343111"},"htmlText":"Cf","listText":"Cf","text":"Cf","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811521848","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811521332,"gmtCreate":1630332844926,"gmtModify":1676530272659,"author":{"id":"3582699042080732","authorId":"3582699042080732","name":"YLS0721","avatar":"https://static.tigerbbs.com/ea717998fe45361ae3db780c78398b5a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582699042080732","authorIdStr":"3582699042080732"},"htmlText":"Dd","listText":"Dd","text":"Dd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811521332","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811523628,"gmtCreate":1630332824064,"gmtModify":1676530272647,"author":{"id":"3582699042080732","authorId":"3582699042080732","name":"YLS0721","avatar":"https://static.tigerbbs.com/ea717998fe45361ae3db780c78398b5a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582699042080732","authorIdStr":"3582699042080732"},"htmlText":"Dd","listText":"Dd","text":"Dd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811523628","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811567719,"gmtCreate":1630332730031,"gmtModify":1676530272589,"author":{"id":"3577131990335289","authorId":"3577131990335289","name":"Saintrade","avatar":"https://static.tigerbbs.com/0586ed865bb515fc4dd23fea4fa2590d","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3577131990335289","authorIdStr":"3577131990335289"},"htmlText":"Oh ya","listText":"Oh ya","text":"Oh ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811567719","repostId":1158949928,"repostType":4,"repost":{"id":"1158949928","kind":"news","pubTimestamp":1630332565,"share":"https://ttm.financial/m/news/1158949928?lang=&edition=fundamental","pubTime":"2021-08-30 22:09","market":"hk","language":"en","title":"China Evergrande May Delay Electric Cars Without More Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1158949928","media":"Bloomberg","summary":"China Evergrande Group’s electric-vehicle unit said it might have to delay car production unless it ","content":"<p>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.</p>\n<p>“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a&nbsp;statement&nbsp;to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”</p>\n<p>The Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss&nbsp;in the six months to June 30, it said earlier Monday, confirming aprofit warning&nbsp;from the parent company last week. Revenue came in at 6.9 billion yuan, with the vast majority of that from the group’s health and aged-care business.</p>\n<p>More 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&nbsp;record volumes, while Evergrande has only teased the market with&nbsp;video&nbsp;of EVs undergoing testing in Mongolia and a lavish display of nine models at this year’s Shanghai Auto Show.</p>\n<p>Liquidity Concern</p>\n<p>Of greater concern to investors, and Hui, is the unit’s cratering share price. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.</p>\n<p>Evergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.</p>\n<p>Acknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. It’ll continue the effort to discuss the sale of assets with potential investors and closely monitor the capital expenditure of the EV business.</p>\n<p>The 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.</p>\n<p>“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.</p>\n<p>Even at its relatively sound healthcare segment, payments to suppliers and construction fees in the “Health Valley” aged-care communities were delayed, the company said. Some projects were suspended as a result.</p>","source":"lsy1584095487587","collect":0,"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>China Evergrande May Delay Electric Cars Without More Funds</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\">\nChina Evergrande May Delay Electric Cars Without More Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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.\n“The mass production of Hengchi vehicles has entered the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","00708":"恒大汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-30/china-s-evergrande-may-delay-electric-cars-without-more-capital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158949928","content_text":"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.\n“The mass production of Hengchi vehicles has entered the final stretch, nonetheless the group is still facing challenges on its cash flows,” the company said in a statement to the Hong Kong stock exchange Monday. “If the group lacks further capital contribution in the short term, the mass-production timetable of new energy vehicles may have to be delayed.”\nThe Hong Kong-listed unit,China Evergrande New Energy Vehicle Group Ltd., reported a 4.8 billion yuan ($742 million)loss in the six months to June 30, it said earlier Monday, confirming aprofit warning from the parent company last week. 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. The stock has slumped 92% from its February high, wiping out more than $80 billion in market value from what was once the property developer’s most valuable listed asset.\nEvergrande’s subsidiaries are being punished on concern the world’s most indebted developer will need tosell assetsat a steep discount amid mounting pressure from Beijing.\nAcknowledging challenges on cash flow, the EV start-up says it faces risks of defaulting on its loans and disputes outside normal business. 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. Some projects were suspended as a result.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5695765,"gmtCreate":1630332855741,"gmtModify":1663233124241,"authorId":3583106612879478,"author":{"id":3583106612879478,"idStr":"3583106612879478","authorId":3583106612879478,"name":"DylanYii","avatar":"https://static.tigerbbs.com/63bdc7c51b67ab113984a8ecc77b3917","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":811567719,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":67,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}