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

  • La Sécurité Routière calls for self-driving cars to pass driving test
    April 11, 2018
    French safety agency La Sécurité Routière has proposed that autonomous vehicles (AVs) should be made to pass a standard driving test before deployment on roads – according to a report by The European Traffic Police Network (TISPOL). Through the proposed test, AVs would be set to autopilot mode and be required to participate in a driving examination. Manoeuvres, different driving speeds, parking and navigation would all be under scrutiny.
    Read More
  • Canadian gov invests in PEI’s EV charging infrastructure
    March 18, 2019
    The Canadian government has committed CAN$300,000 to develop six electric vehicle (EV) chargers across Prince Edward Island (PEI) province. The funding is part of the government’s CAN$182.5 million investment to develop a fast-charging network for EVs and establish natural gas stations along roads and hydrogen stations in metropolitan areas. It recently made a similar investment in Vancouver. The chargers, built by the Government of PEI, were funded through Natural Resource Canada’s Electric Vehicle and A
    Read More
  • TRA 2014 Transport Research Arena
    April 11, 2014
    TRA 2014 is to be held in Paris for the first time, showcasing French and European innovations for more efficient transport. The latest technological innovations will be on show in Paris from 14 to 17 April at CNIT - La Défense, providing an opportunity for all European stakeholders in transport research and innovation to exchange ideas and experiences about the latest scientific breakthroughs, to think about specific real-life applications and to discuss their research needs in order to guide the future
    Read More
  • ITS World Congress exhibition space selling fast
    February 9, 2016
    With an expected 7,000 attendees from all over the world, the 23rd ITS World provides an opportunity for participants to create business opportunities and connect with industry buyers, partners, investors and developers. Exhibition booths are selling fast, view the floor plan for remaining prime positions, or contact our Sales Manager directly at [email protected].
    Read More

Highlighted Content