Leadership Shake-Up at China Evergrande's EV Division

In a surprising move, Carina Man Yee Foo has resigned from her position as an independent non-executive director at China Evergrande New Energy Vehicle Group Ltd. The company, part of the larger Evergrande Group, is notable for its efforts in the electric vehicle market.

The announcement comes as a shift within the leadership structure of the new energy vehicle arm, which has been striving to make substantial advancements in the competitive electric vehicle industry.

Observers are closely watching how this change might impact the company's strategic direction in the burgeoning market for sustainable transportation.

(With inputs from agencies.)