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

  • Ohio cities sign up for AV testing
    December 7, 2018
    Marysville has become the latest urban area to join DriveOhio’s programme to test connected and autonomous vehicles (C/AVs). The suburb of Ohio state capital Columbus has plans to equip 1,200 vehicles with on-board units as part of the AV pilot created earlier this year by state governor John Kasich. Columbus itself has just been the recipient of a smart cities award for its ITS programmes and is among several cities to have signed up already to DriveOhio, along with Athens and Dublin. “Self-drivi
    Read More
  • Open Roads updates Alaska’s 511 website and wins Virginia contract
    April 22, 2013
    Open Roads and the Alaska Department of Transportation and Public Facilities (DOT&PF) have introduced a new version of the 511 Traveler Information Website
    Read More
  • G&D puts Guest of Honour country Brazil in the CIPURSE smartcard spotlight at CARTES 2013
    November 19, 2013
    Giesecke & Devrient and Infineon have joined forces to provide “contactless smartcards compliant with the CIPURSE Open Standard in Volume Quantities” and will be able to discuss here at CARTES 2013 how these new cards “are being used today in Brazil”.
    Read More
  • iMobility Challenge
    February 28, 2013
    The iMobility Challenge, a high-level technology demonstration day during which visitors, both public and professionals, can take the driver's seat and experience the latest mobility applications takes place on Wednesday 11 September 2013 Valkenburg Airport, Katwijk in the Netherlands. Participants will get an overview of a diverse variety of technologies, systems, services & actual deployment examples in the field of efficient, cooperative, smart and safe mobility. The iMobility Challenge event will be f
    Read More

Highlighted Content