SiN #78 – $87 Billion

That is the valuation the China Evergrande New Energy Vehicle Group Ltd had in April, before even selling a vehicle. This massive valuation can be attributed to the Evergrande Group being the 2nd biggest real-estate developer in China, which drove investor imaginations, making it more valuable than the likes of Renault, Nissan and even Ford Motors!

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Shreesha S
Shreesha writes about Business, Finance and Tech for The Snippets Journal. He is also the Founder and Head of Content Development.
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