Evergrande Group is exploring sales of stake in its electric vehicle business in an attempt to pay its debt and improve its financial condition. The embattled Chinese property developer said in a statement released late Tuesday that it has initiated discussions with “several independent third-party investors” to sell stakes in its EV startup and in property services units. The sales talks follow downgrades by S&P Global, Moody’s, and Fitch. [Evergrande statement, in Chinese]