Evergrande Group completed the acquisition of the remaining stake in National Electric Vehicle Sweden for $380m.

Evergrande Group, China's second-largest property developer by sales, completed the acquisition of the remaining stake in National Electric Vehicle Sweden, a Swedish electric car manufacturer, for $380m. NEVS, which owns the main assets of Saab Automobile, was previously wholly-owned by National Modern Energy. The current transaction represented the last tranche of disposition by National Modern Energy of its interests in NEVS.