On August 14, Evergrande Motor announced that it had received the first $500 million strategic investment from Newton Group, a listed company held by the UAE National Sovereign Fund, and that another 600 million yuan of transition funds would begin to arrive five working days after the announcement.。It is worth noting that the Newton Group will also assist Evergrande in developing overseas markets and achieve annual exports of 30,000-50,000 Hengchi vehicles to the Middle East market.。China Evergrande said that assuming the completion of the new energy vehicle debt-to-equity swap and the completion of the new energy vehicle share subscription, Evergrande New Energy Vehicle will no longer be a non-wholly owned subsidiary of the Company and its financial results will no longer be consolidated in the Group's results.。