{"id":438323,"date":"2021-09-27T08:40:58","date_gmt":"2021-09-27T03:10:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438323"},"modified":"2021-09-27T09:15:45","modified_gmt":"2021-09-27T03:45:45","slug":"evergrandes-ev-unit-admits-theres-no-certainty-it-can-pay-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/evergrandes-ev-unit-admits-theres-no-certainty-it-can-pay-debt\/","title":{"rendered":"Evergrande&#8217;s EV unit admits there&#8217;s no certainty it can pay debt"},"content":{"rendered":"<p>China Evergrande Group\u2019s electric-car unit said there is no guarantee it can meet its financial obligations as it continues to look for strategic investors to inject much-needed capital. <\/p>\n<p>\u201cThe group is encountering a serious shortage of funds,\u201d the Hong Kong-listed entity said in an exchange filing late Friday. \u201cIn view of the liquidity pressure, the group has suspended paying some of its operating expenses and some suppliers have suspended supplying for projects.\u201d <\/p>\n<p>The statement confirmed an earlier report by Bloomberg News that China Evergrande New Energy Vehicle Group Ltd. had missed salary payments to some of its employees and fallen behind on paying a number of suppliers for factory equipment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Evergrande Group\u2019s electric-car unit said there is no guarantee it can meet its financial obligations as it continues to look for strategic investors to inject much-needed capital. \u201cThe group is encountering a serious shortage of funds,\u201d the Hong Kong-listed entity said in an exchange filing late Friday. \u201cIn view of the liquidity pressure, the group has suspended paying some of its operating expenses and some suppliers have suspended supplying for projects.\u201d The statement confirmed an earlier report by Bloomberg News that China Evergrande New Energy Vehicle Group Ltd. had missed salary payments to some of its employees and fallen [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-438323","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}