19 August 2021, 1:49 pm. 1 minute
Reuters was first to report that embattled Chinese property developer Evergrande Group is in talks with smartphone maker Xiaomi and Shenzhen state-backed investment firms as it looks to sell part of a 65% stake in its electric vehicle unit. China’s central bank, banking and insurance regulator summoned executives of Evergrande to a meeting last week and issued a rare warning that the company ought to reduce its debt risks and prioritize stability.
Topics of Interest: Automotive
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story