China #Evergrande New Energy Vehicle, tumbled up to 13% in HK.Official Xinhua said the firm’s market cap has reached HK$500 bn, making it s

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China #Evergrande New Energy Vehicle, tumbled up to 13% in HK.
Official Xinhua said the firm's market cap has reached HK$500 bn, making it second largest HK-listed carmaker behind BYD, but it hasn't even made a car, adding that only 1.21% of its revenue came from NEV biz in 2020.

China #Evergrande New Energy Vehicle, tumbled up to 13% in HK.Official Xinhua said the firm's market cap has reached HK$500 bn, making it s

Hat Tip via Twitter: @YUAN TALKS

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