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Evergrande's EV unit has stopped paying staff, factory suppliers - Bloomberg News

Evergrande's EV unit has stopped paying staff, factory suppliers - Bloomberg News

FILE PHOTO: Evergrande Group's Hengchi electric vehicles (EV) are seen displayed at the Hengchi booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song

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)

Source: Reuters

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