Ev Dynamics (Holdings) (HKG:0476) expects a loss attributable to owners of HK$20 million to HK$22 million for the six months ended Sept. 30, down from HK$99.3 million a year ago.

The electric car solutions provider attributed the upbeat forecast to a decrease in loss on change in the fair value of financial assets, according to a Wednesday filing with the Hong Kong Exchange.

The shares of the company closed nearly 8% higher on Wednesday.

Price (HKD): $0.10, Change: $+0.0070, Percent Change: +7.95%