NEVS and DiDi partner up for future mobility

NEVS AB and DiDi Chuxing, the world’s leading mobile transportation platform, have now formed strategic partnership and finalized a number of steps towards an extensive cooperation.

The formal signing took place in Trollhättan on Wednesday, in presence of among others the Swedish Prime Minister Stefan Löfven.

“I am very happy to announce this agreement today. Now we have a platform and the right partner to realize a fantastic journey to make our vision come true,” said Stefan Tilk, President and CEO at NEVS.

One of the common goals is to develop an electric vehicle, fully optimized for the mobility services that DiDi is offering, and also initiating a path towards a revolutionizing self-driving and on-demand mobility future. Just in line with the InMotion concept that NEVS unveiled at CES Asia in Shanghai in June.

“With DiDi actively taking part in the design and development phase, we will make sure that the vehicles will be fully adapted for the needs of our customer”, says Stefan Tilk.

The first vehicle used in this cooperation will be the NEVS 9-3.

DiDi recently predicted that there will be more than 1 million electrical vehicles operated in the DiDi platform in 2020.

The cooperation goes well in line with the two companies´ view on green society and mobility solutions for the future.

“NEVS have many years of solid innovation experience, based on the Saab heritage. We now combine this with the knowledge and the progressive mindset from an outstanding company like DiDi. It´s a perfect match that the whole ecosystem will benefit from”, says Kai Johan Jiang, Chairman and main owner of NEVS.

“Ever since NEVS was established, we have been working hard to realize this important milestone in the automotive history”, he adds.

Trollhättan October 25, 2017

For more information, please contact:

Fredrik Fryklund

Corporate Communication NEVS

+46 739 666449

Additional information:

FACTS ON NEVS AB

NEVS was founded in 2012 and acquired the main assets of the Saab Automobile bankruptcy estates. The company has been mainly owned by NME Holdings Ltd., Tianjin Bin Hai Hi-tech Industrial Development Area (THT) and State Research Information Technology Co., Ltd. (SRIT).

NEVS’ vision is to shape mobility for a more sustainable future. Core to this is a global portfolio of fully electric premium cars, mobility solutions and sustainable city offerings.

NEVS’ head office and main research and development facilities are located in Trollhättan, Sweden, with a second production plant and an R&D Centre under construction in Tianjin, China.

In January 2017, the Chinese government approved NEVS’ application to start production of electric vehicles in its manufacturing plant in Tianjin. NEVS is the first joint venture company with investors from outside China that is granted a New Energy Passenger Vehicle Project investment approval by NDRC.

In May 2017, NEVS launched a city mobility program with THT to offer car-sharing and ride-hailing solutions in the Tianjin city, with 15 million inhabitants

FACTS ON DIDI CHUXING

DiDi Chuxing is the world’s leading mobile transportation platform. The company offers a full range of mobile tech-based mobility options for around 400 million users, including taxi hailing, private car hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Minibus, DiDi Car Rental and DiDi Enterprise Solutions. As many as 20 million rides were completed on DiDi’s platform on a daily basis in October 2016, making DiDi the world’s second largest online transaction platform. DiDi acquired Uber China in August 2016.

DiDi is committed to working with communities and partners to solve the world’s transportation, environmental and employment challenges using big data-driven deep-learning algorithms that optimize resource allocation. By continuously improving the user experience and creating social value, we strive to build an open, efficient, collaborative, and sustainable transportation ecosystem. In 2016, DiDi was included in Fortune’s Change the World list, and named one of the World’s 50 Smartest Companies by MIT Technology Review. In 2015, DiDi was named as a Davos Global Growth Company.

DiDi has established the DiDi Research Institute to focus on Artificial Intelligence technologies including machine learning and computer vision. It hopes the technologies optimise its dispatch system and route planning. A few hundred scientists work on deep-learning technologies at the institute. In March 2017, DiDi launched DiDi Labs in Mountain View, California. It will mainly focus on AI-based security and intelligent driving technologies.

Every day, DiDi's platform generates over 70TB worth of data, processes more than 9 billion routing requests, and produces over 13 billion location points. Now DiDi is building a cloud platform with integrate anonymized data from sensors on vehicles, static information and real-time events from roads and streets with DiDi's pick-up and drop-off data, trips and carry capacity. With this platform, transportation supply and demand can be balanced efficiently, and congestion can be significantly mitigated.

There are nearly 7,000 employees working for DiDi. DiDi aims to get the best young talent from many different fields and make sure that they have the feeling that they can have a huge impact.