Evergrande's EV unit suspends negotiations with Dubai-based NWTN

Robo.ai

02/02/2024 14:58

Feb 2 (Reuters) - China Evergrande New Energy Vehicle
 0708.HK  said on Friday it has suspended negotiations on
amendments to terms of a HK$3.89 billion ($497.42 million) share
subscription agreement with Dubai-based mobility firm NWTN
 NWTN.O .
    
 ($1 = 7.8203 Hong Kong dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.Jain@thomsonreuters.com))