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Evergrande Is Finished, Parent Company Bankrupt! Biggest Blow Yet in China’s EV Sector, $72B Gone
On July 25, an announcement shook the market: Evergrande Auto's subsidiaries, Evergrande New Energy Vehicle and Evergrande Smart Automotive, were filed for bankruptcy and reorganization by …
China’s Steel Giant With Hundred-Billion-Dollar Assets Collapses, 18,000 Workers Jobless Overnight
In addition, the recent bankruptcy announcement by Shaanxi’s billion-yuan steel company, Dongling Group, has also sent shockwaves through the industry. Reports indicate that the bankruptcy of Dongling Group will affect …