Evergrande's EV Unit Soars 113% as Liquidators Secure Potential Buyer

The potential buyer may take a significant stake and provide crucial credit support for the struggling company.

Evergrande New Energy Vehicle Group's shares surged 113% after trading resumed.
A potential buyer could acquire up to a 58.5% stake in the company.
The buyer may also offer a line of credit to support ongoing operations.
The EV unit has faced severe financial challenges, including halted production and substantial debts.
The company's future remains uncertain amid intense competition in China's EV market.