HONG KONG : Shares of China Evergrande New Energy Vehicle fell as much as 5.6per cent on Tuesday after the electric vehicle maker posted a wider loss for the first half.
The stock was trading down 3per cent at 0155 GMT, lagging a 0.7per cent fall in the benchmark Hang Seng Index and a 0.1per cent gain in the Hang Seng Tech Index.
The unit of debt-laden China Evergrande Group said its first-half net loss widened to 4.79 billion yuan (US$740.81 million) as compared to a 2.27 billion yuan loss in the same period a year earlier.
It said its EV mass production timetable may be delayed if it lacks further capital in the short term.
(US$1 = 6.4659 Chinese yuan renminbi)
(Reporting by Donny Kwok; Editing by Himani Sarkar and Kim Coghill)