NEVS officially took over Chinese vehicle company New Long Ma (NLM)

NEVS takes over New Long Ma (photo credit: NEVS)

In early May the company NEVS announced that they take Chinese company New Long Ma (NLM).

NEVS-NLM deal (photo credit: NEVS)

This was preceded by the signing of the framework agreement about acquiring 50% of the New Long Ma manufacturing plant. Thursday May 12, the formal contract has been signed in Fujian.

And, last week (on 18 August), NEVS officially took over Chinese vehicle company New Long Ma (NLM) in the Fujian province. At the same time, NLM signed the first contract with Panda New Energy on delivering 35,000 electric delivery vans.

NLM’s product portfolio includes an electric commercial distribution minivan which is a part of the agreement. Today this product is the third most sold electric minivan in China, with over 12,000 units sold during its first production year 2015.

Step by step, NEVS continues to shape mobility for a more sustainable future. As they are announced, NEVS will introduce the NEVS electric 9-3 vehicle in China during 2017.

New Long Ma factory
New Long Ma factory in Fujian province

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