January 202 1 China Evergrande New Energy Vehicle Group Ltd raises $3.4 billion by bringing in six new investors. March 2021 Evergrande sells a $2.10 billion stake in online real estate and automobile marketplace Fangchebao to 17 investors in a pre-IPO deal. It aims to meet its three debt-ratio caps by year-end, list Fangchebao by early the following year and spin off several units. June 2021 Evergrande says it will sell a $386 million stake in peer China Calxon Group Co Ltd. The developer arranges HK$13.6 billion ($1.74 billion) to repay a maturing bond and interest on dollar bonds. Evergrande achieves one debt cap, cutting interest-bearing debt to around 570 billion yuan from 716.5 billion yuan ($89.47 billion from $112.47 billion) six months earlier.