HONG KONG, Sept 5 Reuters A creditor filed a petition for the bankruptcy of a unit of China Evergrande New Energy Vehicle Group, a subsidiary of China Evergrande Group, in a Shanghai court, the third such petition against the embattled car company.
Trading in NEV shares was suspended at 0152 GMT on Thursday, after the price dropped 5.4.
A new bankruptcy proceeding could add pressure on the liquidators of China Evergrande Group, the world39;s most indebted property developer, to recover debt for creditors and a potential investor in the electric vehicle company.
Zhejiang Chint Electrics filed a bankruptcy and liquidation petition against manufacturing unit Evergrande Hengchi New Energy Vehicle Shanghai Co in relation to an overdue and unpaid debt, according to a filing dated Sept. 4 by the No.3 Intermediate People39;s Court of Shanghai.
The court said it will hold a hearing on Sept. 18 to decide to accept the petition or not to start a bankruptcy proceeding.
Last month, a Guangzhou court ordered two other units Evergrande New Energy Vehicle Guangdong and Evergrande Smart Automotive Guangdong to enter into bankruptcy and reorganisation proceedings, a move that the EV parent warned would have a material impact on its production and operating activities.
Evergrande NEV last week announced a net loss of 20.3 billion yuan 2.9 billion in the first half, widening from a 6.9 billion net loss a year ago.
Its total liabilities rose 2.5 from endDecember to 74.4 billion yuan,…