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Evergrande EV unit to sell 20% stake in Swedish firm to meet tax obligations

Evergrande EV unit to sell 20% stake in Swedish firm to meet tax obligations

FILE PHOTO: A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File Photo

Reuters

25 February, 2025

China Evergrande Group’s electric vehicle (EV) unit said on Tuesday it agreed to sell its 20% stake in a Sweden-based real estate property lessor for 60 million krona ($5.63 million).

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