{"id":119840,"date":"2021-01-24T21:35:26","date_gmt":"2021-01-24T14:35:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-ev-war-evergrande-raises-us3-35-billion-in-plan-to-dominate-tesla-nio-and-other-home-rivals\/"},"modified":"2021-01-24T22:02:48","modified_gmt":"2021-01-24T15:02:48","slug":"china-ev-war-evergrande-raises-us3-35-billion-in-plan-to-dominate-tesla-nio-and-other-home-rivals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-ev-war-evergrande-raises-us3-35-billion-in-plan-to-dominate-tesla-nio-and-other-home-rivals\/","title":{"rendered":"China EV war: Evergrande raises US$3.35 billion in plan to dominate Tesla, NIO and other home rivals"},"content":{"rendered":"


\nChina Evergrande is taking a step further in its ambitious plan to conquer the global electric vehicle (EV) market by making one of its biggest fundraisings yet from six private investors since switching its focus from the health care business in 2018.China Evergrande New Energy Vehicle Group, the developer\u2019s Hong Kong-listed unit, is raising HK$26 billion (US$3.35 billion) selling 952.4 million new shares at HK$27.30 each, according to a Hong Kong stock exchange filing on Sunday. The price\u2026
\n
\nSource : South China Morning Post
\nRead more…China EV war: Evergrande raises US.35 billion in plan to dominate Tesla, NIO and other home rivals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande is taking a step further in its ambitious plan to conquer the global...<\/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-119840","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-vaU","jetpack-related-posts":[{"id":123292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-raises-us273-million-with-exit-from-hengten-as-creditors-await-payments-on-local-and-offshore-debt\/","url_meta":{"origin":119840,"position":0},"title":"China Evergrande raises US$273 million with exit from HengTen as creditors await payments on local and offshore debt","date":"November 18, 2021","format":false,"excerpt":"\r China Evergrande Group exited its stake in internet company HengTen Networks Group, raising a further HK$2.13 billion (US$273 million) as the embattled developer faces deadlines to pay overdue interest on its debt next week.Evergrande sold 1.66 billion shares of HengTen to Allied Resources Investment Holdings at HK$1.28 a share,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121925,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-market-rocked-as-giant-evergrande-struggles-to-repay-300bn-debts\/","url_meta":{"origin":119840,"position":1},"title":"China property market rocked as giant Evergrande struggles to repay $300bn debts","date":"September 9, 2021","format":false,"excerpt":"\r Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears of contagion in shaky Chinese real estate marketShares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in two days amid concerns that it will default on its massive $300bn debt\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123118,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-raises-us144-million-as-it-sells-down-stake-in-hengten-networks\/","url_meta":{"origin":119840,"position":2},"title":"Evergrande raises US$144 million as it sells down stake in HengTen Networks","date":"November 9, 2021","format":false,"excerpt":"\r Embattled property developer China Evergrande Group raised about HK$1.12 billion (US$144 million) by further selling down its stake in internet company HengTen Networks Group as it faces a cascading series of interest payments on its offshore debt.Evergrande sold 530 million shares in a series of sales since November 4,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84530,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-firm-chinese-estates-increases-stake-in-china-evergrande\/","url_meta":{"origin":119840,"position":3},"title":"Hong Kong property firm Chinese Estates increases stake in China Evergrande","date":"April 4, 2018","format":false,"excerpt":"\r Hong Kong property firm Chinese Estates Holdings and its executive director Chan Hoi-wan have raised their stake in mainland Chinese property developer China Evergrande to 8 per cent in the past 12 months, spending a total of HK$18 billion (US$2.3 billion). Chan, the wife of former Chinese Estates chairman\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118737,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-developer-china-evergrande-gets-approval-to-spin-off-property-management-business-raise-fresh-capital-in-hong-kong\/","url_meta":{"origin":119840,"position":4},"title":"Indebted developer China Evergrande gets approval to spin off property management business, raise fresh capital in Hong Kong","date":"September 25, 2020","format":false,"excerpt":"\r Indebted mainland property developer China Evergrande said on Friday it had received approval from the Hong Kong exchange to spin off its property management business, which would allow it to raise fresh capital.The Shenzhen-based company, China\u2019s biggest property developer, made the proposal on July 31 and will soon apply\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-shares-soar-on-forecast-its-profit-would-triple\/","url_meta":{"origin":119840,"position":5},"title":"Evergrande shares soar on forecast its profit would triple","date":"July 26, 2017","format":false,"excerpt":"\r Shares of China Evergrande Group jumped by the most in almost two months on the Hong Kong stock exchange, after the developer said its first-half profit would triple, driven by China\u2019s soaring property prices and increasing sales. Evergrande shares jumped as much as 15.2 per cent to an intraday\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\/119840"}],"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=119840"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119840\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}