Beijing Zhonghuon invests USD108 million in NEVS, becomes co-owner – report

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Corporate developments

Percentage of stake acquired by the China-based Beijing Zhonghuan in NEVS has not been disclosed

Swedish car-brand National Electric Vehicle Sweden (NEVS) has recieved USD108 million investment from Beijing Zhonghuon, which has now become a co-owner of the company, reports saabplanet.com.

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