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

  • Register for USDOT connected vehicle PlugFests
    May 2, 2014
    The USDOT will hold its next two connected vehicle PlugFests on 13-15 May in Farmington Hills, Michigan and on 24-26 June in Palo Alto, California. PlugFests provide venues for vendor-to-vendor connected vehicle device testing to help ensure that devices and systems meet the base standard requirements and level of interoperability necessary for the Southeast Michigan Connected Vehicle Test Bed Deployment 2014 Project.
    Read More
  • Two weeks left to purchase early bird tickets for MaaS Market, London
    January 4, 2018
    Delegates have until 19 January to take advantage of the discounted £325 ($240) Early Bird tickets for ITS International‘s second MaaS Market – Concept to Delivery conference in London on 20 and 21 February. This year’s event will focus on the progress and obstacles faced by MaaS projects across Europe and will consist of presentations from Portugal, Stockholm, Gothenburg and Hamburg plus Birmingham, Manchester and Dundee from the UK. The programme will cover the political and regulatory implications,
    Read More
  • ITE announces three new honorary members
    February 23, 2018
    Washington’s Institute of Transportation (ITE) has elected Marsha Anderson Bomar, John J. Kennedy and W. Hibbett Neel as honorary members. The membership is presented to individuals of notable and outstanding professional achievement. Bomar is the executive director of the Gateway85 Community Improvement District, where her focus is on mobility, infrastructure, safety, security, and economic development. She was previously founder and president of Street Smarts and Data Smarts and is an international past
    Read More
  • Tritium opens mobility centres in Australia and Netherlands
    May 10, 2019
    Tritium has opened two R&D electric mobility innovation centres in Australia and the Netherlands. The Tritium e-mobility centre in Brisbane serves as an expansion of the company’s headquarters and will be used to develop disruptive technologies for electric vehicles (EVs). A portion of Electric Power Research Institute's $3.2m package, issued by the US Department of Energy, will be used to develop an extreme fast-charging system which is expected to add 475km of range to an EV in 10 minutes. Last
    Read More

Highlighted Content