Aug 14 (Reuters) - China Evergrande New Energy Vehicle Group Ltd:

* ON 14 AUGUST CO ENTERED INTO SHARE SUBSCRIPTION AGREEMENT

* UNDER AGREEMENT, TOTAL CONSIDERATION OF US$500 MILLION

* SUBSCRIBER HAS CONDITIONALLY AGREED TO SUBSCRIBE FOR SUBSCRIPTION SHARES 6.18 BILLION NEW SHARES

* DEAL FOR A TOTAL CONSIDERATION OF HK$3.89 BILLION

* NWTN (ZHEJIANG) AUTOMOBILE & EVERGRANDE NEW ENERGY VEHICLE (TIANJIN) ENTERED TRANSITIONAL FUNDING SUPPORT DEAL

* NWTN (ZHEJIANG) AUTOMOBILE TO PROVIDE INTEREST-FREE SECURED TRANSITIONAL FUNDING IN AMOUNT OF RMB600 MILLION

* TRANSITIONAL FUNDING FOR RESEARCH & DEVELOPMENT, MANUFACTURING OF & SALES SERVICES IN RESPECT OF VEHICLES OF GRP Further company coverage: