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Nevs to Acquire Stake in the New Long Ma manufacturing company in Fujian

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Nevs has formally signed the contract to acquire a stake in the New Long Ma manufacturing company in Fujian

In February Nevs signed a framework agreement about acquiring 50% of the New Long Ma manufacturing plant. Thursday May 12, the formal contract has been signed in Fujian.

The parties signing are Fujian Motors Group, Long Ma Industrial Co. Ltd, National Electric Vehicle Sweden AB and State Research Information Technology, SRIT. Nevs will acquire 50% of the shares of New Long Ma and SRIT 15%. Fujian Motors Group remains as a 20% owner and Long Ma and others 15%.

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Fujian New Long Ma Motor Co., Ltd. was established in April 1997 with a registered capital of RMB1.15 billion. New Long Ma Motor is affiliated to Fujian Motors Group Co., Ltd. who owns Fujian Benz- a commercial vehicle manufacturing base through cooperation with Daimler, a China listed vehicle company King Long Motor Group, and a JV between China Motor and Mitsubishi Motors called South East Motor.

Goran Aničić
the authorGoran Aničić
For over 10 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.

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