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China Evergrande EV Unit's Share Issue
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China Evergrande's EV unit, NEV, will issue new shares to pay off loans and lower debt, raising $2.67 billion. The plan involves a debt-for-equity swap and a stake acquisition by NWTN, diluting China Evergrande's shareholding interest in NEV to 46.86%.
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How might the share issue and debt-for-equity swap impact China Evergrande's overall financial stability and future growth?
How might the share issue and stake acquisition influence investor confidence in China Evergrande and the EV sector as a whole?
What are the potential implications of NWTN's acquisition of a 27.50% stake in NEV for the EV industry in China and globally?
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