Nevs has signed a framework agreement on acquiring a stake in a transportation vehicle manufacturing company located in Fujian province, China

New Long Ma (NLM), is located in the Fujian province, and is part of the Fujian Motors Group, owned by the Fujian provincial government. The company has three billion RMB per year in a new plant that will run 150 000 vehicles per year.

NLM's product portfolio includes an electric commercial distribution minivan which is a part of the agreement. 12 000 2015 XNUMX XNUMX XNUMX.

"This deal broadens our product portfolio with an additional vehicle type. Said Kai Johan Jiang, Chairman of Nevs, said: "The deal is worth our time."

The cooperation also promises to be an active role in the fulfillment of Nevs' offer to Panda New Energy with 50,000 electric logistic vans and 50,000 electric mini bus.

The framework agreement is signed by Fujian Motors Group, Long Ma Industrial Co., Ltd., Nevs AB and Nevs' owner of state research information technology, SRIT. According to the agreement Nevs wants to acquire 50% of shares of New Long Ma and SRIT 15%. Fujian Motors Group remains as 20% owner and Long Ma and others 15%.

Facts about NLM: Fujian New Long Ma Motor Co., Ltd. what 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 Benza a commercial vehicle based on cooperation with Daimler, a China listed vehicle 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

4 thoughts too "Nevs has signed a framework agreement on acquiring a stake in a transportation vehicle manufacturing company located in Fujian province, China"

  • 18. February 2016 at 10: 25 AM
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    Which Saab community is currently working on the Saab community and which is currently being built in Trollhättan. Very bad news, imho

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