Together with two new Chinese part owners Nevs will establish its second global factory with focus on electric vehicles and a second global research and development center in the city of Tianjin.

With the new part owners,

• Tianjin city’s THT
• Beijing State Research Information Technology Co., Ltd. (SRIT)

SRIT is a pioneering IT service provider owned by China’s Research Development Center of the State Council and the telecommunications giant China Unicom.

THT stands for Tianjin Binhai Hi-tech industrial Development Area.