Like the news from last Wednesday said, Nevs celebrated the ground breaking yesterday in Tianjin, China, There will they build facilitates for production and R&D, with a capacity for 200 000 units/year.
Chairman Kai Johan Jiang was on site together with president Mattias Bergman, and they even had more news to come with; a new partner. This new partner is Teamsun, a it-company based in Beijing. Together with State Research Information Technology (SRIT), Teamsun and Nevs has registered two new joint ventures, one for production and one for R&D. The investments in the joint venture will be initially 1 billion RMB/CNY (~161 million USD) respectively 200 millions RMB/CNY (~32.2 million USD). At the same time, Nevs announces a agreement with Bank of China that grants Nevs a credit of 10 billion RMB/CNY (~1.61 billion USD) to support Nevs business in China.
So what now? Nevs is as we see on their way back in business, but this is only a small step. There will be many more small (and of course some big) steps before we all can breathe out, and the Stallbacka factory again produce cars again. We can only cross our fingers, if the good news continues as it has done so far this spring I hope it not will be the last positive news we hear from the guys at Nevs this summer!
Read the full press release under the picture!