The electric car maker said its units Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong) had received notice from a local court about the July 25 application.
"The above notice has a material impact on the production and operating activities of the company and the relevant subsidiaries," the company said in a filing to the Hong Kong bourse late on Sunday.
The shares slid to HK$0.295 after initially making early gains.
Shares of China Evergrande New Energy Vehicle have dropped nearly 40% so far this year.
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