Evergrande EV Unit Ends Proposed Shanghai Star Board Listing

The video discusses the financial challenges faced by a business, including a significant drop in market valuation and missed coupon payments. The company is experiencing a liquidity crunch, affecting its ability to meet financial obligations. The New Energy Vehicle division, once valued higher than major automakers, is now struggling. The company has suspended some operating expenses, and suppliers have halted supplies due to financial strain. Another bond payment is due soon, adding to the financial pressure.

How much was the group valued at during its peak in February?

What actions have some suppliers taken in response to the group's financial issues?