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

  • Karhoo adds London chauffeur service to platform
    April 23, 2019
    Karhoo has partnered with Carey to allow users to book executive chauffeured services across London including to all airports in the UK capital. The deal is set to expand Karhoo’s current offering of around 25,000 taxis and cars which are operating in London. Sandy Miller, CEO of Carey, says users can now access the company’s service on the Karhoo platform in Europe, Asia and Latin America. The partners plan to expand the integration to incorporate Carey's network in more than 1,000 cities worldwide.
    Read More
  • Ride-hailing companies could face taxes in San Francisco
    October 9, 2018
    Ride-hailing companies could be taxed for starting their journeys in San Francisco following a bill signed by California governor Jerry Brown. The bill - AB 1184 - calls for a 3.25% tax on net rider fares for single-party trips, or those provided by an autonomous vehicle, as well as a 3.25% tax on shared rides. Additionally, the city or county would be able to set a lower tax rate for net rider fares for those provided by a lower emission vehicle. A report by the San Francisco Chronicle says the
    Read More
  • Quarter of Brits ‘would fund smart city solutions from tax’
    April 18, 2019
    Almost a quarter (24%) of British people would be willing to fund smart city solutions using their own tax contributions, according to new research from ATG Access. Part of road barrier specialist ATG’s ‘Smart cities: Turning the dream into a reality’ report, the research found that more than half (57%) would be happy for their tax to go towards smart traffic lights, and 44% for smarter signs which give real-time traffic updates. Nearly a quarter (24%) said they would also be willing to fund smart barrie
    Read More
  • Voi launches electric scooters in Lisbon
    December 13, 2018
    Swedish company Voi has launched its electric scooters in Lisbon as part of a wider ambition to expand in Europe. In addition to Portugal, the company says it plans to bring its e-scooters to Italy and France over the coming months. Frederico Venâncio, general manager of Voi Portugal, says Voi riders in Sweden have travelled more than 450,000km in Stockholm, and the company expects to see similar growth in Portugal. “Although we want to expand rapidly, we want to do it in a sustainable way and in line
    Read More

Highlighted Content