Chinese property firm Evergrande’s EV company says its executive director has been detained

Evergrande NEV shares plummeted on the Hong Kong Stock Exchange with the arrest of the executive on suspicion of “illegal crimes”.

Chinese property firm Evergrande's EV company says its executive director has been detained

A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of trouble for the world's most heavily indebted property developer. China Evergrande New Energy Vehicle announced the detention of Liu Yongzhuo, its vice chairman and an executive director, in a notice Monday…

China police detain top Evergrande executive

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Top exec at Evergrande's car unit detained

Reuters and staff reporter China Evergrande New Energy Vehicle Group (0708) said yesterday its vice chairman Liu Yongzhuo has been detained and is under criminal investigation, sending its stock tumbling and marking another setback after a share sale plan was scrapped. The detainment could also hurt...

Police detain executive at China Evergrande's EV unit as property sector shows fresh signs of distress

A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of trouble for the world's most heavily indebted property developer.

China's Evergrande says head of EV arm detained

BEIJING, China  —The head of heavily indebted Chinese property developer Evergrande’s electric vehicle unit has been detained, the firm said Monday, the second executive from the company to come under investigation in recent months. Once China’s biggest real estate developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a