Reuters: Evergrande misses payment deadline, EV unit warns of cash crunch
Fri September, 2021, Age: 2 years
On Friday, China Evergrande’s electric car unit warned that it faced an uncertain future unless it got a swift injection of cash. This is another sign yet that the property developer’s liquidity crisis is worsening in other parts of its business. The company missed a payment deadline on a dollar bond this week and its silence on the matter, and potential repercussions, have left investors very concerned.