China Evergrande's Struggle: New Energy Vehicle Unit Fights Financial Woes

China Evergrande's New Energy Vehicle unit is working to maintain essential operations at its production facility despite financial difficulties. The company's limited funds have led to workforce reductions and cutting of non-essential expenses to sustain operations.

Amid these challenges, China Evergrande is seeking investment opportunities to alleviate its liquidity problems. The goal is to facilitate an appropriate restructuring process that will support the company's future activities.

The energy vehicle unit is expected to announce the publication date for its 2024 financial results as soon as feasible, offering stakeholders insight into their financial standing moving forward.

(With inputs from agencies.)