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Outcome of legal actions against Evergrande NEV by end of 2024
3
Resolution / Starting Odds
Favorable to Evergrande NEV • 25%
Unfavorable to Evergrande NEV • 25%
Settled out of court • 25%
Ongoing/Unresolved • 25%
Court rulings or official announcements
Story
Evergrande EV Unit Shares Plummet 27% Amid CNY1.9 Billion Subsidy Repayment Demands
Jun 12, 2024, 02:05 AM
China Evergrande New Energy Vehicle Group has warned of losing key assets as local governments demand the repayment of subsidies worth CNY1.9 billion (USD262 million). This has led to a significant decline in the company's stock price. Shares of Evergrande's EV unit fell by 27% in Hong Kong after the announcement. The local authorities have asked Evergrande Automotive Holdings to terminate a series of investment cooperation agreements made since April 29, 2019. The company is required to return the incentives and subsidies within 15 days. Evergrande NEV [HKG: 0708] plunged 23% as of 10.25 a.m. today.
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Profitable • 25%
Break-even • 25%
Loss-making • 25%
Bankrupt • 25%
Increase investment • 33%
Maintain current investment levels • 33%
Decrease investment • 34%
Bondholders win and receive full compensation • 33%
Bondholders win but receive partial compensation • 33%
Bondholders lose the lawsuit • 33%
More lawsuits filed • 33%
Settlements outside court • 33%
No further legal actions • 34%
No legal consequences • 33%
Settlement agreement • 33%
Court ruling against Musk • 33%
No Action • 25%
Fine Imposed • 25%
Restrictions on Operations • 25%
Other Penal Actions • 25%
Tesla shareholders win • 33%
Tesla shareholders lose • 33%
Settlement reached • 33%
Challenges Dismissed • 33%
Settlement Reached • 33%
Fed's Decision Reversed • 33%
Full $262.4 million • 33%
Partial repayment • 33%
No repayment • 34%
Settlement • 25%
Trial • 25%
Case dismissed • 25%
No legal action • 25%