{"id":102984,"date":"2019-01-15T19:44:11","date_gmt":"2019-01-15T12:44:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-health-pays-us930-million-to-buy-control-of-carmaker-in-its-foray-into-mass-production-of-electric-vehicles-in-china\/"},"modified":"2019-01-15T20:04:21","modified_gmt":"2019-01-15T13:04:21","slug":"evergrande-health-pays-us930-million-to-buy-control-of-carmaker-in-its-foray-into-mass-production-of-electric-vehicles-in-china","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-health-pays-us930-million-to-buy-control-of-carmaker-in-its-foray-into-mass-production-of-electric-vehicles-in-china\/","title":{"rendered":"Evergrande Health pays US$930 million to buy control of carmaker in its foray into mass production of electric vehicles in China"},"content":{"rendered":"


\nEvergrande Group, China\u2019s third-largest property developer by sales, has bought control of a producer of electric vehicles in the country, bolstering its founder\u2019s ambition to diversify from real estate into the emerging industry of next-generation automobiles.
\nThe developer will use its subsidiary Evergrande Health Industry Group to pay US$930 million for 51 per cent of National Electric Vehicle Sweden (NEVS), according to a statement to the Hong Kong stock exchange, where it is…
\n
\nSource : South China Morning Post
\nRead more…Evergrande Health pays US0 million to buy control of carmaker in its foray into mass production of electric vehicles in China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Evergrande Group, China\u2019s third-largest property developer by sales, has bought control of a producer of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102984","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qN2","jetpack-related-posts":[{"id":105327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-health-vows-to-challenge-the-likes-of-tesla-become-the-worlds-biggest-electric-vehicle-maker\/","url_meta":{"origin":102984,"position":0},"title":"Evergrande Health vows to challenge the likes of Tesla, become the world\u2019s biggest electric vehicle maker","date":"March 23, 2019","format":false,"excerpt":"\r Evergrande Health Group, a unit of Chinese developer Evergrande Group, said on Friday it aims to become the world\u2019s largest maker of new generation vehicles, and will continue to plough money into the business amid a reported net loss of 1.43 billion yuan (US$213.6 million) for 2018, down from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-could-it-be-the-end-of-the-road-for-the-worlds-most-indebted-property-developer-as-us37-billion-bill-comes-due\/","url_meta":{"origin":102984,"position":1},"title":"Evergrande: Could it be the end of the road for the world\u2019s most indebted property developer, as US$37 billion bill comes due?","date":"October 2, 2021","format":false,"excerpt":"\r The second of a three-part series on China Evergrande Group takes a deep dive into the property developer\u2019s total debt to see whether it can escape its liquidity crisis through property and asset sales.China Evergrande Group, the world\u2019s most indebted property developer, is facing a final notice after engaging\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-nev-debt-laden-carmaker-gets-shot-of-capital-from-middle-east-firm-backed-by-chinese-investors\/","url_meta":{"origin":102984,"position":2},"title":"China Evergrande NEV, debt-laden carmaker, gets shot of capital from Middle East firm backed by Chinese investors","date":"August 15, 2023","format":false,"excerpt":"\r The carmaking unit under China Evergrande Group raises US$500 million via a share placement with Dubai-based NWTN, though analysts say neither company has a track record designing successful EVs.\r \r Source : South China Morning Post\r Read more...China Evergrande NEV, debt-laden carmaker, gets shot of capital from Middle East\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-stays-upbeat-on-home-sales-target-amid-margin-squeeze-losses-in-electric-car-venture\/","url_meta":{"origin":102984,"position":3},"title":"China Evergrande stays upbeat on home sales target amid margin squeeze, losses in electric car venture","date":"August 31, 2020","format":false,"excerpt":"\r China Evergrande, the country\u2019s biggest property developer by sales, is confident of achieving its sales target even as the group faces its biggest financial challenge after profit slumped on impact from the Covid-19 outbreak. It will focus on paring its debt burden.The developer posted a 24 per cent gain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112322,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/teslas-chinese-challenger-evergrande-slams-brakes-on-electric-car-investments-amid-slowing-sales\/","url_meta":{"origin":102984,"position":4},"title":"Tesla\u2019s Chinese challenger Evergrande slams brakes on electric car investments amid slowing sales","date":"November 13, 2019","format":false,"excerpt":"\r China Evergrande plans to slow down its pace of investments in electric vehicles as sales of the environmentally friendly cars continue to fall in the mainland, but the company says it is on track to debut its \u201cHengchi 1\u201d model next year.The company, which sees itself as Tesla\u2019s main\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-china-evergrande-shores-up-finances-key-insider-cuts-stakes-in-units\/","url_meta":{"origin":102984,"position":5},"title":"As China Evergrande shores up finances, key insider cuts stakes in units","date":"August 18, 2021","format":false,"excerpt":"\r Billionaire Hui Ka-yan needs all the help he can get to shore up confidence in his beleaguered China Evergrande Group. Instead, insider selling by one of his lieutenants is causing its stock to wobble anew.Xia Haijun, vice-chairman and chief executive of the Shenzhen-based developer, sold about HK$115.6 million (US$14.8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102984"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102984"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}