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China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions

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China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions

Aug 27 (Reuters) – The electric vehicle division of troubled property developer China Evergrande (3333.HK)opens new tab announced on Tuesday that it expected a higher loss for the first half of 2024 due to an increase in provisions for impairment. China Evergrande New Vehicle (0708.HK)opens new tab estimated its consolidated net loss for the six […]