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In 50 Words: China Evergrande EV unit’s shares plunge 69% after trading pause
Shares of China Evergrande New Energy Vehicle Group plummeted by up to 69% as trading resumed following a 16-month suspension due to pending financial results. This comes after the troubled firm reported a combined net loss of 71.12 billion yuan (US$9.95 billion) for 2021 and 2022.
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