Evergrande’s EV unit has stopped paying staff, factory suppliers – Bloomberg News

Auto Shanghai show in Shanghai
FILE PHOTO: Evergrande Group's Hengchi electric vehicles (EV) are seen displayed at the Hengchi booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song

September 23, 2021

(Reuters) – China Evergrande Group’s electric vehicle unit has stopped paying its staff and factory suppliers, according to a Bloomberg News report on Thursday.

(Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli)