NEVS was founded in 2012 and acquired the main assets of the Saab Automobile bankruptcy estates. The company has been mainly owned by NME Holdings Ltd., Tianjin Bin Hai Hi-tech Industrial Development Area (THT) and State Research Information Technology Co., Ltd. (SRIT).
NEVS’ vision is to shape mobility for a more sustainable future. Core to this is a global portfolio of fully electric premium cars, mobility solutions and sustainable city offerings. NEVS’ head office and main research and development facilities are located in Trollhättan, Sweden, with a second production plant and an R&D Centre under construction in Tianjin, China.
In January 2017, the Chinese government approved NEVS’ application to start production of electric vehicles in its manufacturing plant in Tianjin. NEVS is the first joint venture company with investors from outside China that is granted a New Energy Passenger Vehicle Project investment approval by NDRC. In May 2017, NEVS launched a city mobility program with THT to offer car-sharing and ride-hailing solutions in the Tianjin city, with 15 million inhabitants. In October 2017, NEVS and DiDi Chuxing, the world’s leading mobile transportation platform, formed a strategic partnership and finalized a number of steps towards an extensive cooperation. One of the common goals is to develop an electric vehicle, fully optimized for the mobility services that DiDi is offering, and also initiating a path towards a revolutionizing self-driving and on-demand mobility future. In December 2017 the first NEVS 9-3 EV vehicles rolled out from a production line in newly constructed factory in Tianjin, China.