A Hengchi 1 electric vehicle on display at Auto Shanghai 2021. Photo: VCG via Getty Images
A Hengchi 1 electric vehicle on display at Auto Shanghai 2021. Photo: VCG via Getty Images

Evergrande Auto shares take a dip as investors doubt latest US$347 million share sales is enough to get Hengchi EVs on the road

  • At HK$3 apiece, the new shares are priced at a discount of about 15 per cent to their closing price on Friday
  • It is the second shares sales by the carmaker in two weeks, as the debt-stricken developer strives to make electric vehicles its main business

A Hengchi 1 electric vehicle on display at Auto Shanghai 2021. Photo: VCG via Getty Images
A Hengchi 1 electric vehicle on display at Auto Shanghai 2021. Photo: VCG via Getty Images
READ FULL ARTICLE