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

  • October 26, 2018
    BYD delivers electric buses in Nepal
    BYD has delivered five electric C6 buses to the Ministry of Culture, Tourism and Civil Aviation in Kathmandu to help improve air quality in Nepal. The buses will operate in Lumbini, a Buddhist pilgrimage and UNESCO (United Nations Educational, Scientific and Cultural Organisation) world heritage site. This deployment is part of a wider initiative from the Nepalese government to replace 1,000 taxis in Kathmandu Valley, as well as school buses, with electric vehicles. Last month, BYD also delivered 12
    Read More
  • November 6, 2018
    Uber seeks to resume AV trials nearly eight months after Arizona fatality
    Uber wants to resume testing its self-driving cars on public roads nearly eight months after one of its autonomous vehicles (AV) killed a pedestrian in Arizona. The ride-hailing company has released a voluntary safety report to the US National Highway Traffic Safety Administration which includes safety enhancements to help prevent crashes and fatalities. Uber says its AVs would include two mission specialists – employees who have completed advanced training courses in self-driving vehicle operations. The
    Read More
  • February 19, 2019
    Nobina adds special services to bus operations in Denmark
    Bus operator Nobina is to acquire parts of public transport company Örslev Holding to offer special public transport services in Denmark. The scope of the DKr.15.5 million (£1.8m) deal includes 16 buses which offer regular services in South Zealand coastal area and 21 buses for special needs transportation. Nobina has also taken steps to transition in the electric mobility space. In 2018, the company deployed 13 electric buses from Volvo Buses in the Swedish city of Malmö. The Volvo 7900 Electric buses
    Read More
  • October 17, 2019
    Waymo may operate AVs in Phoenix ‘without safety driver’
    Ride-hailing company Waymo may be about to start operating fully-autonomous vehicles (AVs) to pick people up - without a safety driver. An email sent to users, which appeared on Reddit, said people in Phoenix, Arizona, who were matched with an AV will see a notification in the app that confirms the car will not have a trained driver. Users can tap a ‘What to Expect’ button within the app to learn more about the AVs. They can also communicate with a rider support agent at any part of the trip via the app o
    Read More

Highlighted Content