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China Evergrande New Energy Vehicle Group ( (HK:0708) ) just unveiled an announcement.
China Evergrande New Energy Vehicle Group Limited has announced that the People’s Court of Binhai New District of Tianjin Municipality has accepted a creditor’s petition for the bankruptcy and liquidation of its wholly-owned subsidiary, Evergrande New Energy Vehicle (Tianjin) Co., Ltd. This subsidiary, which owns a major manufacturing base in Tianjin, has had its production suspended since January 2024. Additionally, trading of the company’s shares on the Hong Kong Stock Exchange has been suspended since April 2025, pending the publication of outstanding financial results and compliance with resumption guidance.
More about China Evergrande New Energy Vehicle Group
China Evergrande New Energy Vehicle Group Limited is a company incorporated in Hong Kong, focusing on the new energy vehicle industry. It operates through its subsidiaries, with a notable manufacturing base in Tianjin dedicated to smart mobility production.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.84B
Learn more about 0708 stock on TipRanks’ Stock Analysis page.