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Electric vehicles: Evergrande records losses

China Evergrande Group has announced a net loss of $740 million for its e-car division. The figures are based on the first half of 2021 and are impacted by spending on research and development and equipment, according to business portal Caixin. So far, Evergrande has not sold a single electric car. Plans for production and market launch have been repeatedly delayed. Of six planned factories, only two are nearing completion. Four others have been delayed, the Financial Times reports.

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