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

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

Auto Shanghai show in Shanghai
Auto Shanghai show in Shanghai

(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)