Posted inChina

Evergrande takes over Swedish electric car manufacturer

Evergrande Group, one of China’s real estate giants, is seeking to expand its portfolio with a move into auto manufacturing, The Paper reported. Evergrande Health, a subsidiary of the group, said in an announcement on Tuesday that it has acquired a 51% stake in NEVS, a Sweden-based global electric car company, for $930 million, after winning […]

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