EVERG VEHICLE (00708) News

Express News | The first-instance trial for Evergrande Group, Evergrande Real Estate, and Xu Jiayin has commenced.

BreakingsApr 14 11:56

Express News | Automotive stocks in the Hong Kong stock market strengthened in the afternoon session, with Lotus Technology and Nio surging over 10%, Leapmotor rising more than 6%, and Li Auto and Geely Auto gaining nearly 4%.

BreakingsApr 1 13:16

Evergrande NEV Units Enter Liquidation as Results and Trading Remain Frozen

TipRanksApr 1 04:47

Evergrande NEV Further Delays Circular on Major Connected Transactions

TipRanksApr 1 00:35

Evergrande Auto (00708.HK) and its two subsidiaries face bankruptcy liquidation applications; trading remains suspended.

Evergrande New Energy Vehicle Group (00708.HK) announced its latest developments, recently receiving notice that the Guangzhou Intermediate People's Court has accepted a bankruptcy liquidation application filed by creditors against its subsidiaries, Evergrande New Energy Vehicle Technology (Guangdong) and Hengchi (Guangzhou) Automobile Sales. Additionally, as the company has yet to identify a suitable strategic investor to provide financial support, the group continues to allocate its limited financial resources to essential operational activities. Consequently, the company has not engaged auditors or relevant professional advisors for the audits of fiscal years 2024 and 2025. As a result, the company’s financial results for the fiscal year 2024, the interim period of 2025, and the fiscal year 2025 have been delayed.

AASTOCKSMar 31 22:59

Express News | Hengda Auto (00708.HK): As the company has yet to identify a suitable strategic investor to provide much-needed financial support for the group, it continues to allocate its limited financial resources to essential operational activities to maintain basic

BreakingsMar 31 22:33

Express News | The State Administration for Market Regulation: Comprehensive use of various anti-unfair competition measures to focus on preventing and treating 'internally competitive' practices in key industries and sectors such as platform economy, photovoltaics, lit

BreakingsMar 30 13:09

Iran War 'Safe Haven': BYD Surged in March, Electric Vehicle Stocks Among the Best Performers on Hang Seng TECH Index

The surge in oil prices has unexpectedly ignited China's electric vehicle sector – BYD's Hong Kong-listed shares surged 8% in March, marking the best monthly performance in over a year. Tensions with Iran have driven up oil prices, prompting consumers in the Philippines and Indonesia to line up for electric vehicles; overseas sales in the first two months of the year soared 50% year-on-year, reshaping the valuation outlook through an export-driven growth narrative.

wallstreetcnMar 27 09:47

Cathay Pacific Haitong: Rising oil prices stimulate overseas NEV demand; optimistic about the export of domestic self-owned brands.

The conflict between the United States and Iran has driven up global oil prices. Under this round of the oil price cycle, the economic advantages of HEVs, PHEVs, and BEVs have expanded, which is expected to drive an increase in their penetration rates in regions with high oil prices. Domestic brands may face export opportunities.

Zhitong FinanceMar 25 14:42

Express News | Hengda New Energy has been applied for bankruptcy review.

BreakingsMar 25 13:56

From the 'Japanese Era' to the 'China Moment,' Chinese automakers surpass Japan for the first time in over two decades to top global rankings.

In 2025, Chinese automakers achieved a global cumulative sales volume of nearly 27 million units, representing a robust year-on-year increase of approximately 10%. This performance enabled them to surpass Japanese automakers, who sold 25 million units, marking the first time China has topped the global sales rankings.

Futu NewsMar 23 10:09

As raw material prices continue to rise, automakers are taking internal measures to cut costs.

The increase in raw material costs is akin to a stress test for the entire industry, squeezing corporate profit margins and redefining the threshold for industry survival.

cls.cnMar 19 21:38

The oil crisis of the 1970s marked the heyday of Japanese fuel-efficient cars. Will 2026 be the turning point for China's electric vehicles?

In the 1970s, the Middle East oil embargo caused oil prices to quadruple in a short period. American consumers quickly shifted away from Detroit's large-displacement vehicles toward fuel-efficient Japanese compact cars, driving a sharp rise in the market share of Japanese cars in the United States. Analysts believe that the dynamics of 2026 bear a strong resemblance to those of 1973, and may even be more intense — the difference being that this time the replacement is electric vehicles, and the disruptor is China.

wallstreetcnMar 19 21:27

Express News | State Administration for Market Regulation: Strengthen efforts to eliminate local protectionism and market segmentation, and intensively address 'involutionary' competition.

BreakingsMar 19 15:01

Express News | Three departments: Accelerate efforts to address weaknesses in automotive chips and fundamental software, and promote the expansion of application scale.

BreakingsMar 19 12:21

Express News | Some automotive stocks in the Hong Kong stock market experienced volatile gains, with BYD shares rising nearly 8%, Nio and Xiaomi Group up over 5%, Geely Auto rising more than 3%, Great Wall Motor and Seres Group up over 2%, and Li Auto gaining nearly 2%.

BreakingsMar 16 14:10

In February, heavy truck sales reached 73,600 units, marking a year-on-year decrease of 10%, thus ending the consecutive growth trend.

The heavy-duty truck market (including chassis and tractors) sold 73,600 units in February, marking a 30% decline from the previous month and a 10% year-on-year decrease. The year-on-year growth rate turned negative for the first time (the heavy truck market had grown by 46% year-on-year in January), bringing this round of consecutive monthly increases to an end at '10 consecutive months of growth'.

Zhitong FinanceMar 12 15:28

The Biggest 'Winner' of the Surge in Oil Prices: Electric Vehicles!

①The surge in oil prices may ultimately prove to be a boon for electric vehicle manufacturers…… ②Andrew Garberson, Director of Growth and Research at Recurrent, a company that tracks electric vehicle data, stated, 'Affordability was already a core issue for electric vehicles in 2026, and recent events have only further reinforced this trend.'

cls.cnMar 9 11:17

The majority of automobile stocks in the Hong Kong stock market rose today, with institutions stating that intelligence and lightweight trends are expected to become the two major 'growth drivers' in the automotive industry.

Hong Kong-listed automobile stocks generally rose today. As of the time of writing, Geely Auto increased by over 6%, Leapmotor rose more than 5%, XPeng Motors-W gained nearly 4%, Great Wall Motor climbed over 3%, while Li Auto and Nio both advanced nearly 2%.

Zhitong FinanceMar 6 15:08

Hong Kong-listed automobile stocks collectively rebounded as BYD is set to release its second-generation Blade Battery and flash charging technology, with institutions optimistic about the recovery of passenger vehicle market sentiment.

The automotive sector in Hong Kong's stock market collectively rebounded. As of the time of writing, XPeng Motors surged nearly 5%, Nio gained almost 4%, Guangzhou Automobile Group rose over 3%, Geely Auto increased more than 2%, and BYD experienced a slight uptick.

Zhitong FinanceMar 5 11:07