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Why China Evergrande Stock Dropped, but Its EV Stock Popped

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