National Electric Vehicle Sweden (NEVS) and Dongfeng have signed a strategic cooperation agreement which calls for both companies to expand their cooperation.

National Electric Vehicle Sweden (NEVS) and Dongfeng have signed a strategic cooperation agreement which calls for both companies to "expand their cooperation from technical development to further business areas such as global purchasing and [the] distribution network."

According to the terms of the agreement, Dongfeng will help NEVS create eco-friendly vehicles as well as a sales and servicing network.  In return, NEVS will help Dongfeng meet "regulations and technical specifications of overseas markets" as well as assist the company in developing models for Europe and North America.

In a statement, NEVS President Mattias Bergman said “Dongfeng is one of the leading vehicle company groups in the world. Through this cooperation, NEVS’ will be able to create industrial synergies, share the development costs, expand the supplier bases and increase the overall competitiveness for our own future products. This cooperation is one of the steps for NEVS to become a front-runner in the automotive industry, with focus on electric vehicles."

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NEVS & Dongfeng sign strategic cooperation agreement