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

  • January 9, 2019
    Keolis Shanghai opens first section of Songjiang tram line
    Keolis Shanghai, a joint venture with Shanghai Shentong Metro, has opened the first section of the Songjiang tram line, offering connections to Shanghai Metro Line 6. The first phase is expected to transport 170,00 passengers per day. The 13.9km route runs across Songjiang, a suburban district, and includes 20 stations from Canghua Rd station in the west to Zhongchen Rd station in the east which serves residential areas and universities. The service is being operated with 15 Citadis trams manufacture
    Read More
  • October 31, 2018
    Groupe PSA trials car-sharing service in Washington, DC
    French car manufacturer Groupe PSA says its ‘free-floating’ car-share service provides members in Washington, DC with access to 600 vehicles. The Free2Move service is available to drivers for a $10 membership fee and does not include late fees, per trip fees or insurance charges, the company adds. Members can use the Free2Move app to locate, book and open/lock the vehicles. This pilot coincides with Maven’s announcement to expand its peer-to-peer car-share service in Washington, DC – and other US
    Read More
  • July 28, 2017
    US connected vehicle pilot deployment sites launch new websites, videos
    The US Department of Transportation (USDOT) connected vehicle pilot locations, New York City (link https://www.cvp.nyc/), Wyoming (link https://wydotcvp.wyoroad.info/) and Tampa, Florida (link https://www.tampacvpilot.com/), have launched new websites and videos dedicated to their connected vehicle deployments. These three locations are leading the charge to deploy advanced wireless communications technology in their vehicles and on their roads in regions throughout the nation. The web sites provide informa
    Read More
  • September 17, 2019
    Ertico reveals new ITS event for 2020 in Russia
    Ertico – ITS Europe has announced it is to hold the first-ever Central Eastern European Congress next year. Hosted by the city of Kazan, in south-west Russia, the event will focus on cooperation with Russia, the Commonwealth of Independent States (which comprises a number of countries formed after the break-up of the Soviet Union) and Central Eastern countries, says Ertico. It will take place in Kazan, Tatarstan on 21-24 September 2020 and there is a preview of the event in the city next month, on 3-4 Oct
    Read More

Highlighted Content