Evergrande's EV Share Deal Suspended, Payments Paused
China Evergrande New Energy Vehicle Group's share sale plan with U.S.-listed NWTN has been suspended due to "significant uncertainties" related to the embattled parent company. The electric-vehicle arm of China Evergrande had previously agreed to issue 6.18 billion new shares to NWTN for $496.72 million. Trading in the company's shares, which were suspended on September 28, will resume on Monday.