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On the morning of September 17, Evergrande Automobile revealed in its interim results announcement for 2026 that the Group is implementing a series of strategies to ease liquidity constraints and enhance its financial standing. Firstly, it is exiting the automotive manufacturing sector and transitioning towards an asset-light business model. This involves cost reductions through organizational optimization, workforce streamlining, and expenditure control, while leveraging retained technology to explore new business avenues. During the reporting period, the lithium-ion battery trading business achieved a revenue of RMB 8.73 million. Secondly, the Group is engaging in discussions with independent investors to secure financing, aiming to sustain fundamental operations, fulfill minimum working capital needs, and cover expenses associated with its listing.
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