MADRID, 8 Ene. (EUROPA PRESS) –
China Evergrande New Energy Vehicle (Evergrande NEV), the electric vehicle subsidiary of the Chinese real estate giant Evergrande, plagued by difficulties in meeting its debt, reported this Monday of the arrest of its CEO and vice president, Liu Yongzhuo, for “suspicions of illegal crimes.”
In this sense, the company requested the Hong Kong Stock Exchange to temporarily suspend trading in its shares, which fell by 23.8%, although after trading again in the last part of the session they managed to offset the fall by 9.64%.
The arrest of the executive director of Evergrande NEV, of which the company has not provided more details, adds to the investigation opened last September into the president and CEO of the Evergrande group, Hui Ka Yan, who has remained under house arrest since then. .
Evergrande’s electric vehicle unit was launched as a subsidiary of the Chinese property giant in 2019 as part of its expansion outside the sector.
In March 2023, Evergrande NEV publicly acknowledged its difficulties in raising enough liquidity to sustain its operations and recently had to address the failure of a deal to sell its stake in NWTN.?
