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China Evergrande New Energy Vehicle Group ( (HK:0708) ) has shared an update.
China Evergrande New Energy Vehicle Group Limited has been unable to secure strategic investors or purchasers to address its liquidity challenges, which complicates restructuring efforts. Despite cost-cutting measures, the company faces difficulties in maintaining basic operations and securing necessary services due to insufficient funding, affecting its ability to conduct audits and other professional services.
More about China Evergrande New Energy Vehicle Group
China Evergrande New Energy Vehicle Group Limited, incorporated in Hong Kong, operates in the new energy vehicle industry. The company, along with its subsidiaries, focuses on producing vehicles and related automotive components, primarily serving the market in Mainland China.
YTD Price Performance: 606.67%
Average Trading Volume: 2,899
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $292.2M
Learn more about 0708 stock on TipRanks’ Stock Analysis page.
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