(Yicai) May 27 -- Shares of China Evergrande New Energy Vehicle Group almost doubled in value at one point today after the liquidators of the Chinese electric vehicle startup's parent company found a potential buyer for a stake in the EV maker.

Evergrande NEV [HKG: 0708] closed up 87 percent at 71 Hong Kong cents (10 US cents) in Hong Kong, after earlier surging by as much as 113 percent. The stock resumed trading today after a five-day suspension.

China Evergrande Group's liquidators have signed a non-binding deal with the potential purchaser for a 29 percent stake, the EV unit said in a filing to the Hong Kong Stock Exchange yesterday. The third party also has the option to buy the property developer’s remaining 29.5 percent of Evergrande NEV.

Under the agreement, Guangzhou-based Evergrande NEV will receive a line of credit from the buyer to fund its operations and EV business development.

Evergrande NEV's plant in Tianjin, one of the company's most important factories, has been closed since the beginning of the year, the carmaker also said in yesterday's filing.

In January, a Hong Kong court ordered Evergrande’s liquidation because the builder had failed to make substantial progress with its debt restructuring plan. Evergrande had CNY2.4 trillion (USD331.4 billion) of liabilities at the end of that same month.

Editor: Futura Costaglione