All articles tagged with #ev unit
Renault has decided to cancel the planned initial public offering (IPO) of its electric vehicle (EV) unit, Ampere, as the company seeks to focus on its core business and streamline operations. The decision comes after the French carmaker faced challenges in finding a suitable valuation for the unit amid market uncertainties.
Evergrande's electric vehicle (EV) unit, China Evergrande New Energy Vehicle Group, saw its stock plummet by nearly 70% upon resuming trading after a long pause. This sharp decline comes amidst concerns over Evergrande's financial crisis and its ability to repay its massive debt. The drop in the EV unit's stock reflects the broader challenges faced by the embattled real estate giant and highlights the potential impact on its subsidiary businesses.