China Evergrande auto unit to lay off 10% of workers -source

Quick Summary:

SHANGHAI : China Evergrande Group's electric vehicle unit plans to lay off 10 per cent of its workers, a source familiar with the matter said on Friday.

Picture taken October 20, 2021.

The EV unit is key for Evergrande, once China's top-selling developer and now at the centre of the country's property crisis.

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Article Details

Category: Economy

Markets: SingaporeChina

Topics: Unit China 2021 Energy Mediacorp Vehicle Group October Evergrande Electric Plans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-02 @ 10:19:00 (1 months ago)

News Timezone: GMT +8:00

Ranking: #1839 (out of 6150 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 224 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 2091248

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 30 posts per day

Year Established: 1999

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News Last Updated: 39 minutes ago

Coverage Areas: Singapore

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