China Evergrande New Energy Vehicle said it still hasn’t found strategic investors or purchasers

China Evergrande New Energy Vehicle Group (0708) said the company has not secured strategic investors or purchasers who can help alleviate its liquidity issues and facilitate an appropriate restructuring, influenced by the mainland’s “tough” new energy vehicle operating conditions.
The company also said though it further reduced head counts and other operating expenses to save costs during the last six months, it holds low levels of cash and cash equivalents which is used on maintaining basic operating activities.
The company added that given the funding issue, it is unable to secure certain services including but not limited to the commencement of site audit work by its auditors and other relevant professional advisers for the year ended December 2024. 
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