25
Oct
08:57
Evergrande shifts its business focus to NEV
Evergrande has successively invested in new energy vehicles (NEVs), including the acquisition of 58% of Carnegie New Energy, a joint venture focused on lithium-ion battery, for CNY 1.06 billion ($166.1 million).
“Transform from the real estate industry to the NEV industry within 10 years," said Xu Jiayin, founder and chairman of Evergrande Group, at the resumption of work and production seminar.
The firm is shifting its core business from real estate…
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Anonymous
Very good overview of the weekly steel market.
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