NEVS
NEVS AB (an abbreviated form of "National Electric Vehicle Sweden")[2] was a Swedish electric car manufacturer which acquired the assets of Saab Automobile from a bankruptcy estate in 2012. NEVS was the trademark of the company's products including the first electric vehicle based on the 9-3 platform which was to start in 2017. The company was closed in March 2023,[3] with Polestar interested in buying the former Trollhättan factory.[4]
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Type | Subsidiary |
---|---|
Industry | Automotive |
Predecessor | Saab's factories and assets |
Founded | 2012 |
Defunct | 2023 |
Fate | Liquidated by owner (Evergrande Group) |
Headquarters | , Sweden |
Number of locations | Fuzhou, China Toronto, Ontario, Canada |
Key people | Stefan Tilk (President) |
Products | Automobiles |
Number of employees | 1000+ (2018)[1] |
Parent | China Evergrande New Energy Vehicle Group |
Website | www |
History
On 31 August 2012, NEVS acquired the main assets of the Saab Automobile bankruptcy estates.[5]
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.[6]
NEVS signed a battery contract with Contemporary Amperex Technology in 2017.[7]
In 2017, DiDi announced to place a SEK 4 billion order.[8] However, the agreement was collapsed.[9]
In early 2019, NEVS acquired a 20% stake in Koenigsegg for €150 million.[10] Koenigsegg has since then bought the stake back from NEVS.[11]
Owners and management
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.[12]
In July 2020, Evergrande Health announced plans to privatizate NEVS by acquiring all the shares of NEVS.[13] The company also announced a rebranding to China Evergrande New Energy Vehicle Group.
In 2021, it was reported that Evergrande was deep in debt[14] and so was trying to sell NEVS to various Chinese investment firms, such as the Xiaomi Consortium.[15][16] If all of Evergrande's automobile division is sold to a new owner, it is likely that sister brand Hengchi[17] 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.
Liquidation
In 2023, it was announced that NEVS would enter a permanent "Hibernation Mode" to avoid bankruptcy, which will essentially liquidate the company.[18]
Vehicles
- 9-3 EV (2013–2014; 2019–2022), a compact electric sedan based on the Saab 9-3.[19]
- Sango, a prototype self-driving 6 passenger vehicle for city mobility.[20]
- Emily GT (2020), a cancelled project for an electric sedan designed by Simon Padian.[21][22]
- Emily GTO, a planned convertible version of the Emily GT.[23]
See also
References
- "NEVS Annual Report 2018" (PDF). NEVS. Retrieved 12 January 2020.
- "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.
- Gauthier, Michael (12 March 2023). "Saab's Ghost Comes Back To Haunt Once Again As NEVS Goes Into "Hibernation Mode"". Carscoops.
- Anderson, Brad (24 April 2023). "Polestar To Open New R&D Facility At Former Saab Factory". Carscoops.
- "About us". NEVS. Retrieved 26 September 2017.
- "China's Panda New Energy places $12bn-order for Nevs electric cars". Yahoo!. AFP. 17 December 2015. Retrieved 18 September 2020.
- Lambert, Fred (1 March 2017). "Chinese battery maker signs massive supply contract with NEVS ahead of build out of new Gigafactory-size plant".
- ""Kinas Uber" går in i Nevs - DN.SE". 26 October 2017. Archived from the original on 26 October 2017.
- Lambert, Fred (11 April 2018). "Didi reportedly pulls out of massive electric car order with NEVS". electrek.co. Retrieved 18 September 2020.
- 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.
- "Koenigsegg regains full ownership over the Gemera production company". News Cision.
- "NEVS - Evergrande Group new main owner in NEVS AB" (Press release). NEVS. Archived from the original on 21 January 2019. Retrieved 29 January 2019.
- 【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.
- "5 things to know about the Evergrande crisis: A simple breakdown". 24 September 2021.
- "Saab-Assets Owner NEVS Could be Sold off to Xiaomi Consortium". 24 August 2021.
- "NEVS President Confirms Evergrande Exploring Sale, Says Several Groups Interested in Last Remnants of Saab". 15 October 2021.
- "Hengchi Storms Shanghai Show with Nine New Models". 19 April 2021.
- "NEVS - China Evergrande Group gives NEVS New Business Directions". www.nevs.com. Retrieved 23 March 2023.
- "NEVS launches electric-car output with Saab 9-3 platform in China". Automotive News Europe. 9 July 2019.
- "NEVS launches PONS – the first mobility ecosystem with autonomous vehicles for city needs". Mynewsdesk. Retrieved 30 December 2020.
- Bell, Sebastien (27 April 2023). "The Secret NEVS Emily GT Project Is The Electric SAAB That Never Was". Carscoops.
- "NEVS Emily GT: Saab engineers shock with 621-mile EV". Autocar. 28 April 2023.
- Anderson, Brad (2 May 2023). "NEVS Designed A Convertible 'GTO' Version Of The SAAB-Like Emily EV Before It Was Shuttered". Carscoops.