Posted inChina, Guangzhou, Hong Kong, World

Developer nets share of green carmaker Faraday Future

Evergrande Group, China’s second-largest property developer by sales, has bought into American new energy automaker Faraday Future in a HK$6.746 billion (US$860 million) deal, The Paper reported. According to the company statement, the Group has acquired a 100% stake in the Hong Kong-based Time Good Limited, and thus indirectly acquired 45% of the shares in […]

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