Why China Evergrande Stock Dropped, but Its EV Stock Popped

Why China Evergrande Stock Dropped, but Its EV Stock Popped
·3 min read

Shares of Chinese companies named "Evergrande" are having a topsy-turvy day today. On the one hand, China Evergrande Group (OTC: EGRN.F), the real estate giant that's been making headlines over the past year, was down 10% by 10:15 a.m. EDT on Thursday. On the other hand, shares of China Evergrande New Energy Vehicle Group (OTC: EVGR.F) were soaring, up 55.5%!

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