Evergrande New Energy Subject to Bankruptcy Review Application

[Company Update] Evergrande New Energy Vehicle Investment Holding Group has been subjected to a bankruptcy review application filed by its creditors.

Key Development: Creditors Initiate Judicial Liquidation Proceedings

On March 25, 2026, Huaxia Branch of Guangzhou Rural Commercial Bank filed an application with the Shenzhen Intermediate People's Court requesting a bankruptcy review of Evergrande New Energy Vehicle Investment Holding Group Co., Ltd. The company was established in January 2019 with a registered capital of USD 3.5 billion, and is owned by two subsidiaries within the Evergrande group.

Industry Impact: Continued Collapse of Evergrande’s New Energy Segment

This is not an isolated incident—in April 2025, Hengchi Shanghai Company, in which Evergrande holds a 99.6678% stake, entered bankruptcy liquidation; in November of the same year, the Tianjin subsidiary also had its bankruptcy petition accepted by the court. These successive liquidations reveal a profound liquidity crisis, leaving market confidence virtually nonexistent.