Evergrande Auto

2025.02.25

12:30

Evergrande Auto (00708.HK): Sold 20% stake in its subsidiary State Electric Vehicle Sweden for a total consideration of 60 million Swedish kronor (approximately HK$43.78 million).

12:20

Evergrande Auto (00708.HK): Sold 20% stake in its subsidiary State Electric Vehicle Sweden for a total consideration of 60 million Swedish kronor (approximately HK$43.78 million).

12:20

Evergrande Auto Announces Sale of 20% Equity Interest in Subsidiary

Evergrande Auto announced that it will sell 20% of its subsidiary's equity for a total consideration of 60 million Swedish kronor (approximately 43.78 million Hong Kong dollars). After the sale is completed, the total loss is expected to be approximately 23.8 million Swedish kronor (approximately 17.37 million Hong Kong dollars).

2025.02.12

10:50

The performance of Hong Kong-listed auto stocks was differentiated, with BYD Co., Ltd. (01211.HK) rising more than 5%, Xiaomi Group (01810.HK) rising more than 4.5%, Geely Auto (00175.HK) rising more than 3%, Li Auto (02015.HK), Leapmotor (09863.HK), and Xpeng Motors (09868.HK) all rising 1%, Yadea (01585.HK) and NIO (09866.HK) falling more than 2.5%, Dongfeng Motor Corporation (00489.HK) falling nearly 2%, Evergrande Auto (00708.HK) and GAC Group (02238.HK) both falling nearly 1%.

2025.02.07

09:22

Hong Kong stocks opened: Hang Seng Index opened 0.16% lower, Hang Seng Technology Index opened 0.15% lower

Hong Kong stocks opened, the Hang Seng Index opened 0.16% lower, and the Hang Seng Technology Index opened 0.15% lower. Evergrande Auto rose more than 3%, and Ideal Auto and Geely Auto rose more than 1%.

2025.02.06

09:21

Hong Kong stocks opened: Hang Seng Index opened 0.01% higher, Hang Seng Technology Index opened 0.07% lower

Hong Kong stocks opened, the Hang Seng Index opened 0.01% higher, and the Hang Seng Technology Index opened 0.07% lower. Zhihu rose more than 4%, Evergrande Auto rose more than 3%; SF Express and Bilibili fell more than 2%.

2025.02.03

20:02

Evergrande Auto (00708.HK): Given the low and insufficient funding level, the Group is unable to ensure the performance of certain services, including but not limited to on-site audit work by its auditors and other relevant professional consultants for the year ending December 31, 2024. However, the Company remains committed to continue to seek strategic investors/buyers to alleviate the Group's liquidity problems.

2025.01.23

15:21

Hong Kong-listed auto stocks extended their losses in the afternoon, with Xpeng Motors (09868.HK) falling more than 4%, Li Auto (02015.HK) falling nearly 4%, and BYD Co., Ltd. (01211.HK) and Evergrande Auto (00708.HK) following suit.

2025.01.10

13:34

Hong Kong-listed Evergrande Auto (00708.HK) has risen unexpectedly and is now up by more than 10%.

2024.12.24

20:40

Evergrande Auto (00708.HK): Ms. Fu Manyi has been appointed as an independent non-executive director, effective from December 24, 2024.

2024.12.05

12:01

Hong Kong Stocks Midday Review: Hang Seng Index fell 0.99%, Hang Seng Technology Index fell 0.61%

At the close of Hong Kong stocks at noon, the Hang Seng Index fell 0.99% and the Hang Seng Technology Index fell 0.61%. BYD Electronics rose more than 5%, AAC Technologies and Meitu rose more than 3%; Evergrande Auto, Alibaba Health and Hisense Home Appliances fell more than 3%.

2024.05.30

09:44

Xiaomi says it never had plans or moves to buy or hold Evergrande's EV unit

Asia Tech Wire (May 30) -- Chinese tech company Xiaomi says it never had any plans or moves to acquire or take a controlling stake in real estate developer Evergrande's electric car unit.

2024.05.23

08:10

Evergrande's EV unit asked by Chinese authorities to return $262mn in incentives, subsidies

Asia Tech Wire (May 23) -- Chinese authorities are demanding that the electric vehicle unit of debt-laden Chinese real estate firm Evergrande Group return 1.9 billion yuan ($262 million) in incentives and subsidies.

2024.01.08

08:38

China Evergrande's EV unit falls after saying its president was detained

National Business Wire (Jan 8) -- Shares of China Evergrande New Energy Vehicle Group Ltd (0708.HK), known as Evergrande Auto, the electric vehicle unit of indebted property developer China Evergrande Group (3333.HK), had fallen more than 10% by midday Monday.

2021.11.10

11:04

Evergrande Auto to raise HK$500 million for new energy vehicle R&D and production

Asian Tech Press (Nov 10) -- China Evergrande's Ev unit announced in the Hong Kong Stock Exchange that the company signed a placing and subscription agreement with the placing agent on November 9.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Singapore investigates Nvidia server export fraud
                            2025-03-03

                                    Shenzhen: By 2027, there will be more than 1,200 companies related to the embodied intelligent robot industry cluster
                            2025-03-03

                                    Hongqi Chain Store: Deputy General Managers Zhang Ying, Wan Chun, Hong Fan and Yang Yuanbin resigned
                            2025-03-03

                                    Shenzhen: Focus on supporting key core technologies such as core components of embodied intelligent robots, AI chips, and bionic dexterous hands
                            2025-03-03

                                    Intel showcases Xeon 6 processor-based network infrastructure at MWC2025
                            2025-03-03