Several Swedish news outlets like SvD or Sverige Radio are talking about a letter of intent signed by Didi Chuxing and NEVS yesterday in Beijing with the presence of the Swedish Prime Minister Löfven. It would have been nice if the Swedish PM of those days would also have shown his endorsement some years ago.
There is no official information about the contents of ther letter, but Didi should become a big shareholder of NEVS, where big is smaller than 51%.
Didi has also placed an order over some thousand cars at NEVS.
Didi is no small player, it is currently worth US$ 35 billion after acquiring Uber China. It is also an interesting company to invest into. One of the companies that have invested into Didi is Apple with US$ 1 billion, another investor is the Chinese Alibaba, wich is the Chinese version of eBay.
Is this good? Yes, it is as NEVS noticed that they will need more money to get all those cars on the road. But the Center of gravity moves further to China. Mr Bergman says that this will have no influence on Trollhätan as development center and production facility for NEVS but as always at NEVS nothing is for sure as long as it hasn’t already happened.