Press Releases

In June, Swedish EV manufacturer NEVS acquired the British in-wheel motor technology company Protean Electric. Now, Protean brings the first major news after the acquisition.

Swedish EV manufacturer NEVS and the Autonomous Vehicle start-up AutoX have entered into an exclusive strategic partnership to integrate AutoX ́s Autonomous Drive technology in NEVS’ next-generation vehicle architecture.

The partnership is directed towards a target of deploying the first large scale RoboTaxi pilots in Europe by the end of 2020, demonstrating and evaluating technology and design of a revolutionary world-first new vehicle type that will shape mobility for a more sustainable future.

NEVS/Evergrande acquires British automotive technology company Protean Electric to speed roll-out of innovative propulsion technologies for next-generation electric and autonomous vehicles.

The deal highlights significant potential of Protean Electric’s in-wheel motors (IWMs) for electrified transportation.
Protean Electric continues to operate as an independent business; will continue to develop future powertrain and mobility solutions to meet the needs of the market.
The agreement is part of Evergrande’s strategy to become a major player in the global EV market.

Swedish car makers NEVS AB and Koenigsegg AB are together forming a strategic partnership, enabling the development of parallel vehicle models in slightly higher volumes with emphasis on electrification, as well as strengthening growth opportunities in the hyper car segment.

Evergrande Group in China has acquired 51% of the shares in NEVS AB in Sweden.
Evergrande Group is a well-known company included in the Fortune Global 500 list, with its businesses covering the cultural tourism, real estate, health and hi-tech industries.

Electric car maker NEVS in Sweden wants to map people's transport behavior. Can the citizens in Trollhättan where NEVS is situated, think of sharing cars with others, if it´s done smoothly and the transportation costs are significant reduced? This is the question to be answered in a project, SESMA, which also includes Trollhättan City, University West and RISE.

NEVS interactive table, City InMotion, has won a prestigious prize; the Red Dot Award Communication Design 2018.

At the CES in Shanghai 2017, Asia’s leading tech event, NEVS launched the InMotion concept car; an autonomous vehicle that attracted a lot of interest among visitors. In connection with the concept car, NEVS also launched an educational digital table, where the visitors could see, experience and understand what NEVS meant with the offer “city solutions” and the vision “shape mobility for a more sustainable future”.

NEVS AB has sent its Annual Report for 2017 to Bolagsverket (Swedish Companies Registration Office). Is shows that the losses were 996 MSEK, about the same as the previous year (993 MSEK).

”This is according to plan. We are in a period with very large investments in new car models and a completely new plant in China. As we haven´t started serial production of car you can say that these investments are shown as a loss”, Stefan Tilk, CEO at NEVS, comments.

In connection with the CES Asia in Shanghai, Swedish NEVS unveils a number of exciting news:

For the first time, NEVS displays the InMotion Concept.

At the technology show CES Asia in Shanghai, NEVS displays the new InMotion Concept for the very first time.