Nevs has formally signed the contract to acquire a stake in the New Long Ma manufacturing company in Fujian

In February Nevs signed a framework agreement about acquiring 50% of the New Long Ma manufacturing plant. Thursday May 12, the formal contract has been signed in Fujian.

The parties signing are Fujian Motors Group, Long Ma Industrial Co. Ltd, National Electric Vehicle Sweden AB and State Research Information Technology, SRIT.
Nevs will acquire 50% of the shares of New Long Ma and SRIT 15%. Fujian Motors Group remains as a 20% owner and Long Ma and others 15%.

Facts about New Long Ma:
Fujian New Long Ma Motor Co., Ltd. was established in April 1997 with a registered capital of RMB1.15 billion. New Long Ma Motor is affiliated to Fujian Motors Group Co., Ltd. who owns Fujian Benz- a commercial vehicle manufacturing base through cooperation with Daimler, a China listed vehicle company King Long Motor Group, and a JV between China Motor and Mitsubishi Motors called South East Motor.

New Long Ma official website http://www.newlongma.com/index.aspx

For more info about New Long Ma, please contact:
Mr. Wang Wei
Fujian Motor Group
+86 187 0501 2516
w.wang@fjmotor.com.cn

Mikael Östlund
Director Communications and Public Affairs
Tel: 0046 5208 5100
mikael.ostlund@saabcars.com
www.saabcars.com

About Nevs

National Electric Vehicle Sweden (Nevs) vision is to shape mobility for a more sustainable future. Core to this is a global portfolio of fully electric premium cars, complemented with mobility services and sustainable city offerings.

Nevs was founded in 2012 and acquired the main assets of Saab Automobile AB. The company is owned by NME Holdings Ltd., Tianjin Binhai Hi-tech Industrial Development Area, (THT) and State Research Information Technology Co., Ltd. (SRIT).

Nevs’ head office and main research and development facilities are located in Trollhättan, Sweden. Nevs’ car production plant is located in Trollhättan, with a second production plant and a R&D Centre under construction in Tianjin, China.

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