HONG KONG—Shares of China Evergrande New Energy Vehicle Group Ltd. rose 11.1 percent to $0.50 on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrande’s electric vehicle (EV) unit said on Friday it would issue about 900 million shares, or 8.3 percent of the enlarged capital, at about $0.39 apiece through a top-up placement. The new shares are priced at a 15 percent discount to their Friday’s close of $0.45. Evergrande, the world’s most indebted developer has tottered from debt-repayment deadline to deadline as it grapples with more than $300 billion in liabilities, said last month it plans to give future priority to its electric vehicles business over real estate. In a filing late on Friday, Evergrande New Energy Vehicle said it intends to use the proceeds on research and development and production of its new energy vehicles, …