On January 15, Evergrande Group (HK.0708) announced that it acquired 51% shares of NEVS, a Sweden-headquartered global electric car company, with USD 930 million and obtained the majority of its board seats. NEVS is notable for its successful acquisition of 75-year-old Saab Automobile AB of Sweden in 2012. As such, NEVS inherited the brand gene of Saab "Man and car in one, nap-of-the-earth flying" and its technical strength originated in Northern Europe.

  Logo of Evergrande & NEVS

  NEVS's R&D center and production base in Sweden

NEVS's assembly shop