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Evergrande Auto Subsidiary Faces Bankruptcy Review

From:Internet Info Agency 2026-03-26 13:50:04

On March 25, Evergrande New Energy Vehicle Investment Holding Group Co., Ltd. was added to a new bankruptcy review case, with the applicant being Huaxia Branch of Guangzhou Rural Commercial Bank Co., Ltd. The company was established in January 2019, with Liu Weisheng as its legal representative and a registered capital of USD 3.5 billion. It primarily engages in legally permitted investment activities within sectors open to foreign investment in China. According to its equity structure, the company is jointly owned by Evergrande New Energy Vehicle Holdings (Hong Kong) Limited and Evergrande Hengchi New Energy Vehicle (Guangdong) Co., Ltd. This bankruptcy review application marks a further escalation of Evergrande Auto's financial distress.

Editor:NewsAssistant