Signed 50% of New Long Ma Manufacturing plans in February Nevs. Thursday May 12, the formal contract has been signed in Fujian.
The parties are Fujian Motors Group, Long Ma Industrial Co. Ltd., National Electric Vehicle Sweden AB and State Research Information Technology, SRIT.
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 New Long Ma:
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.