Evergrande NEV
Electric vehiclesChina
📉 Public < $1B
Peak $11 BillionToday
~-97%
from peak
- 🦄Became a unicorn2020
- 📈Peak valuation$11 Billion ’21
- 💔Became a Unitard2023
- 💸Last valuation~$330M
Current status
Market cap ~$237M (-97%)
How it happened
Evergrande New Energy Vehicle, the EV arm of the troubled property giant, briefly reached a market value around $11B in 2021 despite barely producing cars. Its parent's debt crisis dragged it down. The stock collapsed to a tiny fraction of its peak, leaving a market cap around $237M.
Source: HK-listed; parent property crisis
