Evergrande is new main owner of NEVS

Chinese property developer Evergrande has acquired 51% of shares of NEVS (National Electric Vehicle Sweden) in a bid to help the smart car firm develop green mobility solutions. Evergrande’s business covers technology, real estate, health and cultural tourism. The deal is expected to help NEVS develop a second car manufacturing plant in Shanghai which will be used to develop electric vehicles and transport solutions. Currently, NEVS has a manufacturing plant in Tianjin, China, and Trollhättan, Sweden
January 22, 2019 Read time: 1 min

Chinese property developer Evergrande has acquired 51% of shares of NEVS (National Electric Vehicle Sweden) in a bid to help the smart car firm develop green mobility solutions.  

Evergrande’s business covers technology, real estate, health and cultural tourism.

The deal is expected to help NEVS develop a second car manufacturing plant in Shanghai which will be used to develop electric vehicles and transport solutions.

Currently, NEVS has a manufacturing plant in Tianjin, China, and Trollhättan, Sweden.

National Modern Energy Holding, a company owned by the founder of NEVS Kai Johan Jiang, will have the remaining 49% of the shares.

In September 2018, NEVS began utilising Phantom Auto’s %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external teleoperation false http://www.itsinternational.com/sections/general/products/nevs-utilises-phantom-auto-technology-to-improve-av-safety/ false false%>system to help improve safety for passengers in its electric autonomous vehicles. 

Related Content

  • June 19, 2019
    Bird acquires California-based EV firm Scoot
    Scooter-share firm Bird is to acquire Scoot, a San Francisco-based electric vehicle (EV) company. Scoot began deploying electric scooters in San Francisco in 2012 and has expanded in Santiago, Chile and Barcelona. Travis VanderZanden, founder and CEO of Bird says the partnership will work toward replacing “car trips with micro mobility options for all”. Scoot will continue to operate under the same name but as a subsidiary of Bird.
    Read More
  • November 22, 2018
    Lime launches free-floating car-share service in Seattle
    Bike-share and electric scooter company Lime has launched a ‘free-floating’ car-share service in Seattle and intends to make 1,500 vehicles available in early 2019. Bloomberg says the company has deployed 50 Lime-branded vehicles and intends to increase this number to 500 by the end of the year. Users can unlock a LimePod vehicle, a customised two-door Fiat 500, via the company’s app for $1 and are charged 40 cents per minute while driving. Toby Sun, Lime’s chief executive officer, says the company is a
    Read More
  • April 8, 2019
    Getaround brings car-sharing service to Atlanta
    Getaround is launching its car-sharing platform in the US city of Atlanta, allowing residents to earn money by making their car available to rent. The company says the platform utilises cars already on the road and will therefore help to reduce traffic and congestion. Each car is equipped with Getaround Connect, a proprietary technology that allows renters to locate and unlock the car using the company’s app, removing the need to meet the owner in-person for a manual key exchange. Getaround’s safety
    Read More
  • July 9, 2019
    Grab secures $300m to expand presence in South-east Asia
    Grab has received $300 million to further accelerate its expansion in South-east Asia. Justin Leverenz, senior portfolio manager at Invesco – the company which has put up the cash - says the investment will support Grab in its “bringing more everyday services, greater accessibility and convenience to users in South-east Asia”. Earlier this year, Grab began working with property developer Sinar Mas Land to deploy electric scooters in Indonesia and to help strengthen BSD (Bumi Serpong Damai) city’s posi
    Read More

Highlighted Content