NEVS

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NEVS AB
TypeSubsidiary
IndustryAutomotive
PredecessorSaab's factories and assets
Founded2012
Headquarters,
Sweden
Number of locations
Fuzhou, China
Toronto, Ontario, Canada
Phnom Penh, Cambodia[citation needed]
Key people
Stefan Tilk (President)
ProductsAutomobiles
Number of employees
1000+ (2018)[1]
ParentChina Evergrande New Energy Vehicle Group
Websitewww.nevs.com

NEVS AB (an abbreviated form of "National Electric Vehicle Sweden")[2] is a Swedish electric car manufacturer which acquired the assets of Saab Automobile from a bankruptcy estate in 2012. NEVS is the trademark of the company's products including the first electric vehicle based on the 9-3 platform which was to start in 2017.

History[edit]

On 31 August 2012, NEVS acquired the main assets of the Saab Automobile bankruptcy estates.[3]

In December 2015 the company signed a strategic collaboration agreement with the Chinese company Panda New Energy, an energy vehicle leasing company that focuses on limiting emissions. According to the agreement, NEVS will provide Panda with 150,000 9-3 sedan electric vehicles until the end of 2020.[4]

NEVS signed a battery contract with Contemporary Amperex Technology in 2017.[5]

In 2017, DiDi announced to place a SEK 4 billion order.[6] However, the agreement was collapsed.[7]

In early 2019, NEVS acquired a 20% stake in Koenigsegg for €150 million.[8] Koenigsegg has since then bought the stake back from NEVS.[9]

Owners and management[edit]

Chinese real estate conglomerate Evergrande Group, via its listed subsidiary: Evergrande Health Industry Group (Evergrande Health; SEHK:708), acquired 51% of the shares in NEVS in January 2019.[10]

In July 2020, Evergrande Health announced plans to privatizate NEVS by acquiring all the shares of NEVS.[11] The company also announced a rebranding to China Evergrande New Energy Vehicle Group.

In 2021, it was reported that Evergrande was deep in debt[12] and so was trying to sell NEVS to various Chinese investment firms, such as the Xiaomi Consortium.[13][14] If all of Evergrande's automobile division is sold to a new owner, it is likely that sister brand Hengchi[15] will be the marque that will survive, as NEVS has struggled to put their version of the Saab 9-3 into production at their Tianjin plant.

Products[edit]

NEVS currently only sells vehicles in China.

Current vehicles[edit]

  • 9-3 2012-2015 (under Saab name), 2017-present (under NEVS name), a compact electric sedan based on the Saab 9-3.
  • The Sango, a prototype self-driving 6 passenger vehicle for city mobility.[16]

See also[edit]

References[edit]

  1. ^ "NEVS Annual Report 2018" (PDF). NEVS. Retrieved 12 January 2020.
  2. ^ "Koenigsegg to accelerate growth in the hyper car market with EUR 150 million funding from NEVS (National Electric Vehicle Sweden)". News.EuropaWire.eu. 30 January 2019. Retrieved 29 October 2020.
  3. ^ "About us". NEVS. Retrieved 26 September 2017.
  4. ^ "China's Panda New Energy places $12bn-order for Nevs electric cars". Yahoo!. AFP. 17 December 2015. Retrieved 18 September 2020.
  5. ^ Lambert, Fred (1 March 2017). "Chinese battery maker signs massive supply contract with NEVS ahead of build out of new Gigafactory-size plant".
  6. ^ ""Kinas Uber" går in i Nevs - DN.SE". 26 October 2017. Archived from the original on 26 October 2017.
  7. ^ Lambert, Fred (11 April 2018). "Didi reportedly pulls out of massive electric car order with NEVS". electrek.co. Retrieved 18 September 2020.
  8. ^ Petrány, Máté (29 January 2019). "Koenigsegg Sells a 20-Percent Stake to Company That Owns Saab's Assets". Road and Track. US. Retrieved 17 March 2019.
  9. ^ "Koenigsegg regains full ownership over the Gemera production company". News Cision.
  10. ^ "NEVS - Evergrande Group new main owner in NEVS AB" (Press release). NEVS. Archived from the original on 21 January 2019. Retrieved 29 January 2019.
  11. ^ 【港股追蹤】恒大健康改名「恒大汽車」 市值2600億直迫地產旗艦. Hong Kong Economic Times (in Chinese (Hong Kong)). 28 July 2020. Retrieved 18 September 2020.
  12. ^ "5 things to know about the Evergrande crisis: A simple breakdown".
  13. ^ "Saab-Assets Owner NEVS Could be Sold off to Xiaomi Consortium". 24 August 2021.
  14. ^ "NEVS President Confirms Evergrande Exploring Sale, Says Several Groups Interested in Last Remnants of Saab". 15 October 2021.
  15. ^ "Hengchi Storms Shanghai Show with Nine New Models". 19 April 2021.
  16. ^ "NEVS launches PONS – the first mobility ecosystem with autonomous vehicles for city needs". Mynewsdesk. Retrieved 30 December 2020.

External links[edit]