China Evergrande Group ’s once-highflying electric-vehicle unit warned it was facing a “serious shortage of funds” and might not be able to meet its financial obligations, adding to the challenges facing itsIn a filing late Friday in Hong Kong, China Evergrande New Energy Vehicle
Group Ltd. , or Evergrande Auto, also said that it had stopped paying some operating expenses, and that some companies had stopped providing it with supplies. The EV maker said there hadn’t been material progress on restarting projects that had previously stalled because of payment delays.
Shocking.............NOT
And retirement fund invested in it like German, Japanese, US…. Will vanish!
JoeBiden warns : 'PILE UP the populations in URBAN AREAS to support land & rental SPECULATION-MASS Trade & Tourism-INTENSIVE agriculture it's CRIMINAL Let's CHANGE Territory & town REPLANNING-direct & economic DEMOCRACY-tax evasion-social ECOLOGY-education-sanitary PREVENTION'
horrible
So what ? It was a bad investment !