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Evergrande NEV warns risks of production halt if it can't get additional liquidity

CN EV Post

In order to focus its financial resources on supporting the mass production of the Hengchi 5, Evergrande NEV has continued its cost-saving initiatives and has taken measures to reduce the workforce of its Swedish subsidiary National Electric Vehicle Sweden AB, according to the announcement.

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Evergrande NEV puts Hengchi 5 production on hold due to lack of funds

CN EV Post

The model is currently available in only one version, with a starting price of RMB 179,000 ($25,930). However, Evergrande NEV would be at risk of halting production in the event that additional liquidity is not available, the announcement said.

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Tesla stock has risen over 50% in 1 month

Teslarati

It marks the first time in one year that the electric automaker has experienced a drastic spike in its stock price and valuation, and two massive events triggered both rises. Additionally, Tesla opened up new financing options in China that could expand sales in the country. This is likely to still happen in late 2022.

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Sweden’s Northvolt nears do business in with Canada on $7-billion EV battery plant in Quebec

Baua Electric

A do business in with Northvolt would underscore High Minister Justin Trudeau’s ambitions for Canada to seize a sizeable piece of the North American electric-vehicle provide chain, at a profusion price to the people handbag. Inflation Aid Operate in the event that they constructed their production amenities in the US.

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