NextEV, a China-based designer and developer of high-performance electric vehicles (earlier post), has been issued an Autonomous Vehicle Testing Permit by the California DMV. NextEV now joins the elite group of companies in Silicon Valley permitted to test autonomous vehicle technology.
Senator Bob Wieckowski, the chair of the Senate’s Environmental Quality Committee and member of the Senate Transportation & Housing Committee who represents the district where NextEV is located, congratulated NextEV for recently receiving a $10-million tax credit through the California Competes Tax Credit program.
Our new autonomous vehicle permit will now allow us to gather more data to perfect our intelligent, electric vehicles for the road.—US CEO of NextEV Padmasree Warrior
In April, NextEV and JAC Motors signed a comprehensive strategic cooperation agreement，worth up to ten billion RMB (US$1.5 billion)，in the field of electric vehicles．
NextEV was founded by world-class enterprises and entrepreneurs including Tencent；Bitauto.com founder William Li；autohome.com.cn founder Xiang Li；JD.com founder Richard Liu，and investment institutions including Hillhouse Capital；Sequoia Capital and JOY Capital．NextEV is headquartered in Shanghai，with design，research and development offices in San Jose，Munich，Beijing，Hong Kong，and London．