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Poonam Behura

FILE PHOTO: Test cars by Evergrande are parked outside the Evergrande New Energy Vehicle (NEV)'s research center, in Shanghai, China October 6, 2021. Picture taken October 6, 2021. REUTERS/Yilei Sun/File Photo
BusinessElectric Vehicles (EVs)News

Local bodies ask Chinese company’s EV unit to return $262.4m in subsidy

China Evergrande, the world's most indebted property developer, receives letter demanding repayment of subsidies and incentives given to EV unit.

By Poonam Behura22 May 2024Reuters

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