Evergrande Automobile’s Market Value Evaporates by CNY 600 Billion
So far, China Evergrande has raised HKD 30 billion for its new energy vehicle business. Q2 2021 hedge fund letters, conferences and more China Evergrande's Market ValueIn February 2021, China Evergrande Nw Egy Vhc Grp Ltd (HKG:0708)'s share price reached CNY 72.45/share, with a market value exceeding HKD 600 billion. Without even delivering a single product, Evergrande became the car manufacturing company with the highest market value in China. As of September 17, 2021, the entry of Evergrande's market value evaporated by CNY 600 billion which attracted a lot of attention of netizens. After th...