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

  • November 26, 2018
    Nova Bus delivers 55 hybrid e-buses to Toronto
    Nova Bus has delivered 55 hybrid electric buses to the Toronto Transit Commission (TTC) in Canada in a bid to reduce emissions. The deployment is part of a larger order of 325 buses which was made last year. Nova says the buses feature electric motors from BAE Systems which reduce maintenance costs and emissions. The heating, ventilation and air conditioning are fully electrified along with the doors and power steering. Adam Vaughan, member of parliament for Spadina-Fort York, in Toronto, says: “
    Read More
  • April 23, 2019
    EVgo utilises Autocharge technology in North America
    EVgo has deployed Autocharge technology in North America in a bid to allow customers to charge electric vehicles (EVs) without using apps or credit cards. Autocharge instantly recognises the EV and begins charging automatically, the company says. It is being launched on EVgo’s dedicated Maven Gig network – which offers rental cars for drivers who need a car to work for ride-share and delivery services. The technology will be rolled out across the US by the end of 2019 to all EVgo account holders with a
    Read More
  • October 11, 2017
    Call for ITS World Congress in Copenhagen now open
    The Call for Contributions for ITS World Congress in Copenhagen 2018 are now open with a deadline for 15 December 2017. Leading up to the event, the City of Copenhagen and the Danish Industry Foundation have hosted the first ITS Hackathon, which aims to motivate Danish businesses to test new ITS solutions in the urban environment.
    Read More
  • August 2, 2018
    Hertz to provide operational services for Aptiv AVs, Las Vegas
    Car rental company Hertz has partnered with Aptiv to help operate and manage the technology firm’s autonomous vehicles (AVs) in Las Vegas. The initiative is set to launch this autumn and is intended to serve as a guide for the implementation of similar projects in future markets. Aptiv made 30 AVs available to Las Vegas riders using Lyft’s app in May.
    Read More

Highlighted Content