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No More Free Lunch for Evergrande NEV Staff as Coffers Run Dry

The China Evergrande New Energy Vehicle Group Ltd. factory in Shanghai, China.

The China Evergrande New Energy Vehicle Group Ltd. factory in Shanghai, China.

Photographer: Qilai Shen/Bloomberg

In another sign of how grim things are getting at China Evergrande Group, its electric-car unit has stopped providing free lunches and other at-work meals to research center staff and asked employees to extend their leave beyond the upcoming October Golden Week holiday, people familiar with the matter said.

China Evergrande New Energy Vehicle Group Ltd.’s research institute on the outskirts of Shanghai told employees that as of Sept. 27, free lunches and dinners are a thing of the past, the people said, asking not to be identified because they’re not authorized to speak publicly. Instead, catering services will be on hand for paid purchases. The company didn’t provide a reason for the decision.