NEVS

AcronymDefinition
NEVSNewcomerstown Exempted Village Schools (Newcomerstown, OH)
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According to Chen Shihua, assistant secretary general at CAAM, the main reason for NEV sales decline in July is China's move to cut NEV subsidies last month.
Marketing a range of NEVs in the Middle East is key to MG's ambitious plans.
The LTV changes encourage more NEV purchases and used car sales, and may impact the portfolio composition of auto financing companies and banks.
NEV will see tremendous momentum in China in the near future, as contemplated by the State Council's Report on Work of the Government 2016 - "China will actively develop and promote new energy vehicles represented by electric vehicle (EV), and speed up construction of parking lots and charging infrastructure in cities", and identified by China's 13th Five-year Plan, including initiatives to introduce NEVs in the bus and taxi fleets.
Ma Xiaohui, vice mayor of Hangzhou, said the current restrictions on the use of NEVs will be removed this year.
NEVS was forced to stop production at Saab's factory in Sweden last May due to a shortage of cash to pay suppliers.
The transaction is in line with the company's goal to become a leading manufacturer of electric vehicles, NEVS said without giving financial details.
NEVS said Friday that it plans to establish a new automobile venture in Saab's hometown of Trollhatten with the sole purpose of developing and manufacturing electric vehicles, or EVs.
Global Electric Motorcars, a Chrysler company, manufactured the first NEVs. The Army will lease additional cars through the General Services Administration, which will solicit bids from additional vehicle manufacturers.
Secretary of the Army Pete Geren said the service will receive a total of 800 NEVs in 2009, and an additional 1,600 of the golf-cart sized vehicles in both 2010 and 2011.