Market Chatter: GAC Denies Rumors of Evergrande EV Plant Acquisition

MT Newswires Live

03-28

Guangzhou Automobile Group (SHA:601238, HKG:2238) dismissed rumors that its new luxury EV unit, Huawang Auto, plans to acquire Evergrande NEV's (HKG:0708) non-operational Nansha factory, YiCai Global reported Thursday.

The automobile maker said neither it nor Huawang Auto has engaged with Evergrande NEV regarding the plant, according to the report.

Instead, Huawang Auto will prioritize GAC's existing production capacity, YiCai Global wrote.

Evergrande NEV has been unable to secure a buyer or strategic investor for its factory, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522512500","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522512500","pubTimestamp":1743147561,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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