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

  • ITS International: Meet us in Vienna
    September 20, 2012
    ITS International, the number one business-to-business title for anyone involved in advanced technology for the traffic management and urban mobility markets, is in Vienna to report from the ITS World Congress, 2012, http://2012.itsworldcongress.com/content , which takes place from the 22-26 October. Once again, ITS International will lead coverage of the event through its www.DailyNews-Online.com/ITSWorldCongress-2012 site. We are planning to bring you all the latest preview and live event news from the I
    Read More
  • MaaS Global and Mitsui to trial Whim in Japan
    May 8, 2019
    MaaS Global is trialling its Mobility as a Service (MaaS) platform Whim in Japan in a tie-up with property developer Mitsui Fudosan. The Finnish company says both parties will collaborate with local transport service providers and conduct a ‘proof of concept’ trial in the Greater Tokyo area, prior to a planned launch later this year. The partnership allows MaaS Global to employ what CEO Sampo Hietanen calls “our Real Estate x MaaS vision: the next evolution phase to combine living and mobility”. Mitsu
    Read More
  • Trafi and BVG launch all-in-one mobility app in Berlin
    February 21, 2019
    Technology firm Trafi has partnered with public transport company Berliner Verkehrsbetriebe (BVG) to launch a mobility app which it says integrates all modes of transport in Berlin, Germany. Trafi claims that the Jelbi app will allow users to access the city’s entire public transportation system including scooters, bikes, ride-hailing and car-sharing as well as taxis. The idea is that users can plan and book journeys without needing to sign up to additional companies or jump between different apps.
    Read More
  • Transdev and Mobike to make free floating bikes available across France
    December 4, 2018
    Mobility operator Transdev and bike-share company Mobike will offer ‘free floating’ bicycles to local authorities in France in a partnership to provide residents with a ‘clean’ last-mile solution. Transdev says 70% of local authorities in France consider the development of ‘soft’ transportation modes as a priority in the transition to clean energy. The companies aim to market the Mobike bicycles in more than ten authorities over the next year. Richard Dujardin, general manager of Transdev France, says:
    Read More

Highlighted Content